KYIV, Nov 7 – The Ukrainian government invoked wartime law to seize property of several strategically important companies, including an aircraft motor manufacturer, an oil producer and an oil refinery, to improve army’s supplies during the war.
The law on the transfer, expropriation or seizure of property under the legal regime of martial law or a state of emergency and the order of the Supreme Commander-in-Chief of the Armed Forces of Ukraine dated November 6 on the decision of the Staff of the Supreme Commander-in-Chief of the Armed Forces of Ukraine made on November 5, 2022 adopted in accordance with it became the basis for the decision of the National Securities and Stock Market Commission on the procedure for such alienation in respect of the shares of five enterprises.
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