The U.S.-Ukraine Business Council is proud to announce that significant progress has been made towards opening opportunities for foreign investors to manage seized assets in Ukraine. During a recent working meeting on May 31, USUBC initiated discussions with the Asset Recovery and Management Agency (Агентство з Розшуку та Менеджменту Активів – АРМА) regarding amendments to Ukrainian legislation. These changes will facilitate the participation of foreign companies, including American businesses, in open tenders for managing seized assets, thereby fostering increased investment in Ukraine.
Eric Luhmann, Director, Global Business Development & Special Projects at Amsted Rail Company, Inc. and Chairman of the USUBC Executive Committee, highlighted the keen interest of American businesses in managing these assets, emphasizing the potential for substantial economic contributions. Irina Paliashvili, Chair, Legal Committee, USUBC, Member, Executive Committee, Managing Partner, RULG – Ukrainian Legal Group, reinforced this interest, noting that American businesses are closely monitoring the adoption of draft law 10069, which will further streamline the process. This legislative effort, strongly supported by USUBC, is a testament to our commitment to policy-making initiatives and advocacy aimed at enhancing Ukraine’s investment climate.
We are also grateful for the dedication of Olena Duma, Head of ARMA, who assured our foreign partners of her openness to cooperation. Her efforts to attract effective managers for seized assets align with USUBC’s goals of fostering economic growth and creating a transparent business environment. We look forward to continuing our collaboration with ARMA and other Ukrainian state institutions to ensure that these legislative changes benefit both Ukraine and the international business community.
