Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

$1.3Bln for Ukrtelecom

Ukraine’s government will likely auction national operator Ukrtelecom on Dec. 28 after a decade of delays, the head of the state property fund said Tuesday.

The government approved the minimum price for its stake at 10.5 billion hryvna ($1.32 billion), Oleksandr Ryabchenko said in Kiev.

Ukraine owns almost 93 percent of Ukrtelecom and has been putting off the sale because of disputes among state agencies. The government, which seeks to raise at least 6.35 billion hryvna this year from state asset sales, had received 514 million hryvna from asset sales as of Sept. 23.

Rostelecom said Sept. 29 that it might take part in the auction.


Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.