The State Property Fund of Ukraine (SPFU) has taken control of more than 1,500 assets belonging to Russians and collaborators. These are not just abstract figures: the list includes apartments, cars, rare weapons, paintings, icons, and even large industrial enterprises. In an interview with RBC-Ukraine, the head of the fund, Dmytro Natalukha, revealed details about managing this property and outlined plans for the coming years.

What Exactly Is in the Registry?

As of February, the SPFU registry listed 1,537 sanctioned assets. Over the next two months, the number increased by approximately ten more items. The structure of this list is surprising in its diversity:

  • 41% — individually identified property: cars, apartments, dachas.
  • Approximately 500 items — antiques: rare weapons, paintings, icons, jewelry.
  • 123 units — business assets (corporate rights).

Natalukha debunked the myth that all confiscated assets are profitable factories and plants. In reality, most are personal belongings and real estate that are difficult to sell on the Ukrainian market.

The Challenge of Antiques and Successes with Real Estate

The antique market in Ukraine is not yet ready for large-scale sales of such volumes. Foreign platforms are inaccessible to the fund. The only option is auditing, cataloging, and transferring art pieces to museums.

However, there have already been successful cases with movable and immovable property. The SPFU sold an apartment belonging to Russian propagandist Artemy Lebedev and four cars owned by oligarch Oleg Deripaska — all four vehicles were sold without any issues.

Who Will Bring Money into the Budget?

The real financial potential lies in corporate rights. Of the 123 business assets, only about 35% are liquid. The rest are either located in temporarily occupied territories (20%) or are still undergoing identification (17%).

Only a quarter of the liquid assets are planned for sale in 2026. The sales schedule has already been established:

  • November 2026 — Glukhov Quartzite Quarry and Mykolaiv Alumina Plant (a pool of seven enterprises).
  • First Quarter 2027 — a group of enterprises around the Frunze SMNPO in Sumy, along with Sumy’s “Energomash”.

Where Will the Money Go?

All proceeds will be directed to the Fund for the Elimination of the Consequences of Armed Aggression. This is not merely replenishing the treasury — it is a tool for restoring the country damaged by war. The sale of assets becomes part of the strategy for long-term restoration of infrastructure and the social sector.

The SPFU continues to work on expanding the registry and finding new ways to dispose of property. Every sold asset is a step toward Ukraine’s recovery. Although the path is complex, the first results are already visible.