State-owned companies, not ARMA tenders, brought a billion to the state - Head of the Verkhovna Rada Anti-Corruption Committee

Despite the availability of dozens of arrested commercial properties in the portfolio of the Asset Recovery and Management Agency, most of the income to the state in 2024 was provided by two state-owned enterprises, and not by tenders held by ARMA. This was stated by the head of the Verkhovna Rada Anti-Corruption Committee Anastasia Radina, writes UNN.

Details

According to Radina, out of UAH 1.17 billion that ARMA declares as income received from asset management in 2024, 88% was provided by only two state-owned enterprises. We are talking about income from the management of the network of gas stations transferred to Ukrnafta (former GLUSCO) and assets of Ukrnaftoburinnia LLC (together 73% of UAH 1.17 billion), as well as dividends from shares of 26 regional gas companies managed by the state-owned company Chornomornaftogaz (another 15%).

In response to my request, Ukrnafta quickly and openly reported the following: through the management of Ukrnaftoburinnia's assets in 2024, Ukrnafta earned UAH 748 million for the state; for the management of the former "Medvedchuk's gas stations" GLUSCO in 2024, Ukrnafta paid UAH 107 million to the budget. In total, this is UAH 855 million. Thank you to the company for its work and transparency. In addition to these funds, in 2024, the state's income from seized assets includes UAH 172 million in dividends from shares of 26 regional gas companies managed by the state-owned Chornomornaftogaz since 2022. Together, this is UAH 1.027 billion out of UAH 1.17 billion.

She reminded that the most profitable of these agreements - regarding the assets of Ukrnaftoburinnia - was concluded before the appointment of Olena Duma to the post.

The remaining profitable ARMA contracts brought as much as 12% of income, or about UAH 143 million per year. Thus, with dozens of arrested working (!) sanatoriums, hotels, and other commercial real estate in ARMA's portfolio, the state received a billion-dollar income from arrested assets thanks to two state-owned enterprises - not thanks to ARMA tenders.

Radina noted that ARMA was not even able to start searching for managers for dozens of commercial properties in Odesa, Zakarpattia, Kyiv and other cities. Such an inefficient system leads to losses to the budget. 

A new asset management system is needed that will interest business and not allow ARMA to delay the search for asset managers for an average of one and a half years.

Let us remind you

Earlier, the head of the Verkhovna Rada Anti-Corruption Committee Anastasia Radina noted that maintaining a constructive dialogue with ARMA is constantly complicated by manipulations. She cited three examples that demonstrate how the agency distorts data about its activities. One of them, Radina, called the case when the anti-corruption committee appealed to ARMA with a question about how many assets they have and how many of them have been transferred to management? The agency reported that there are 69 thousand assets in the register, and 36 thousand have been transferred to management, that is, about 47%. However, a detailed analysis revealed that 20 thousand of these 36 thousand assets are movable property of Mezhyhiria, including bottles of wine, furniture and documents, which do not have independent economic value.

In response, the head of ARMA, Olena Duma, called on the deputy to "analyze the information."

Later, Anastasia Radina published an analysis of ARMA's work under Duma's leadership and noted that in her year and a half in office, she concluded only seven contracts that brought income as of the end of 2024.