KIEV, Oct. 13 – The Cabinet of Ministers has extended the final terms of selling shares in energy companies, Odessa Port-Side Plant, Sumykhimprom and Ivano-Frankivsk Locomotive Repair Plant at a tender by six months.
On October 9 the State Property Fund said that the Cabinet of Ministers was forced to extend the plan to privatize state-owned enterprises from 2015 until 2016.

The reason for the extension of the privatization process by the SPF is the slowdown of transferring objects to the SPF for privatization.

Another factor is that Parliament has not approved all the legislative changes that are needed to start privatization. In particular, the Verkhovna Rada has not considered draft law No. 2319a amending the law on state property privatization and on the State Property Fund. This bill will prevent the access of buyers from Russia to privatization, while traders in securities will have to submit information on persons in whose interests they buy state corporate laws.