blank

Voice of America ®

Trusted Source of News & Information since 1942

About VOA | Contact VOA News

  • Sunday, 22 November 2009
  • Latest News:

News RSS Feeds RSS Feed

Ukrainian PM Says Some 3,000 Privatizations to be Reviewed

Share This

Ukrainian Prime Minister Yulia Tymoshenko says her government plans to review some 3,000 privatizations to ensure they were conducted fairly.

The Interfax news agency quotes her as saying Wednesday that the state will get back what was illegally handed over to what she called "private but dishonest hands."

She has already ordered authorities to begin the process of returning the country's largest steel mill, Kryvorizhstal, to government control.

A consortium that included the son-in-law, Viktor Pinchuk, of former Ukrainian President Leonid Kuchma purchased the complex last year for $800 million, far below its estimated market value.

Many privatizations in Ukraine took place under questionable circumstances after the fall of the Soviet Union.

Some information for this report provided by AP, AFP and Reuters.

 

Welcome to the new VOANews.com


We'd like to hear what you think of the site - please e-mail us: VOANews@VOANews.com

Video Features

From the Newsroom

From the Newsroom

Afghan Politics - Analysis by Gary Thomas

More »

GoingGreen

Going Green

Watch: The United States debates cutting its carbon dioxide emissions.

More »

Money in Motion

Money in Motion

Watch: Will the declining dollar remain the world's reserve currency?

More »

Now You Know

Now You Know

Watch: A look at the origin and history of the Internet.

More »

The Link

The Link

Have you discovered a Web link you'd like to share with the world?

More »

Most Popular Articles

Special Reports

VOA Blogs

Most E-mailed Articles