Despite the fact that the Register of Seized Assets contains tens of thousands of items, the number of assets with real economic potential accounts for only a small portion of the portfolio, said Pavlo Velykorechanyn, an expert on the Verkhovna Rada’s Anti-Corruption Committee and former deputy head of ARMA, in an exclusive interview with the Interfax-Ukraine news agency.
According to him, a significant portion of the property exists only on paper in the registry or is in such a condition that commercial management of it is impractical.
Among such assets, Velykorechanyn cited ruined farms, old, unusable vehicles, illiquid basement spaces, property lacking the necessary documentation, as well as assets destroyed after the start of the full-scale war.
Agricultural assets that have effectively ceased to exist for a long time—such as records of unharvested crops from previous years—constitute a separate category.
In Velykorechanyn’s view, ARMA must conduct a comprehensive identification of the portfolio and separate out the business assets that are truly economically attractive.
It is advisable to promptly sell illiquid or rapidly depreciating property through auctions rather than keeping it on the registry for years.
He also proposed reviewing court decisions regarding assets for which a manager has not been appointed within several months. Otherwise, the state continues to finance the storage and security of property that is gradually losing value.
asset, AUCTION, INVENTORY, MANAGEMENT, АРМА, Великоречанін
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