Why are these institutions important and who are their new leaders?
The State Property Fund (SPF)operates state-owned enterprises and assets worth billions of hryvnias, while the Antimonopoly Committee (AMCU) can impose heavy fines on businesses for violating antimonopoly laws and process complaints on public procurement rules violations.
The SPF mission is to increase the investment attractiveness and competitiveness of Ukraine's economy through transparent, professional management of the state property. Before 2022, SPF was a household name for oligarchic influence. Since the full-scale war and the resulting increasing anti-corruption pressure from international donors, amplified by Ukraine’s civil society, SPF has undergone a change of management and modus operandi, reversing its reputation entirely (see more on this in our previous Newsletter 19 from August 31).
The three most important results of its work in the past 1.5 years are:
Umerov's successor should be former head of the AMCU Olga Pishchanskaya, who previously worked for more than 10 years in the metallurgical companies ArcelorMittal Kryvyi Rih and Metinvest.