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Cabinet calls for reduction of facilities exempt from privatization
Journal Staff Report

KIEV, Dec. 23 – Ukraine's Cabinet of Ministers suggests that the list of facilities not subject to privatization in Ukraine be reduced from 1,478 to 551, including 273 located on the occupied territory of Crimea and Sevastopol, according to a bill registered in parliament on Tuesday.

The bill introduces temporary protection from the sale of these facilities' property under the procedures that are not related to privatization, in particular, the bankruptcy procedure. The bill suspends the bankruptcy procedure for those companies that are now undergoing it and introduces a three-year moratorium on their bankruptcy.




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