Privatisation Ukraine

March 3, 2016

About a month ago, rumour circulated that Vladimir Derzhavin, a long term of ally of Igor Kononenko – business partner, friend ,and parliamentary “enforcer” of President Poroshenko – was to be inserted (by hook or by crook) within the State Property Fund (a State institution not known for its integrity) .


The State Property Fund, together with the Ministry of Economic Development will have “access” to the dealings with the privatisation of State Owned Enterprises (SOEs).

It was for this reason that this blog foretold far in advance the departure of Aivaras Abromavicius (via whatever political dark arts necessary) as Minister prior to any privatisation actually occurring.  An honest man beholding to no established vested interests simply wouldn’t do.  Indeed Mr Kononenko was specifically named by the former Minister in his resignation speech.  (Former Deputy Prosecutor General Kasko has had few charitable words to say about Mr Kononenko’s influence within the Prosecutor General’s Office either.)

Mr Kononenko was (and remains) intent of having “his people” with “hands-on” access to the process.

Indeed the State Property Fund intends to sell off 20 large, 50 medium and 380 small SOEs during 2016 alone.  In May, the SPF plans to sell 25% shares in “Donbassenergo”, “Sumyoblenergo”, and”Odessaoblenergo”.  June will see the sale of 99.6% state-owned shares in Odessa Port Side, and 25% shares in “DTEK Zakhidenergo”, “DTEK Dniproenergo”, “DTEK Dneprooblenergo” and “Kyivenergo”.  July will see the SPF sell a 46% share in Cherkassyoblenergo, and October  25% shares in DTEK Donbassoblenergo are up for sale.  A heavily energy orientated list.

Lo, it has unsurprisingly come to pass that  Vladimir Derzhavin, as rumoured a month ago, has indeed been appointed within the State Property Fund – as Deputy Head (According to Decree 128).

Will anybody be surprised if Mr Kononenko, or those closest to him, will end up with more energy assets by the year end than they have now via questionable methods?

Thus whilst it may be true that the toxic Ukrainian womb of corruption begins to produce fewer out-sized oligarchic and minigarch births, this toxic womb remains fertile, regularly given reproductive seed to produce illegitimate bastard proteges fathered by the first grotesquely formed oligarchical generation now matured, in the ever incestuous orgy of patronage.

The necessary hysterectomy begins when exactly?



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