Luxury property of former Interior Minister Zakharchenko to be transferred to state ownership

The Asset Recovery and Management Agency (ARMA) has announced a tender to select a manager and appraiser for the seized property of former Interior Minister Vitaliy Zakharchenko, who served under fugitive President Viktor Yanukovych. The assets include luxury mansions, land plots, apartments in the centre of Kyiv and parking spaces. This was announced by the head of the ARMA, Olena Duma.

She noted that, according to the court decision, a significant amount of luxury real estate was transferred to ARMA’s management, including

• three premium class apartments in the central part of Kyiv with a total area of over 600 sq m
• a residential building of 647 sq m on Dobrovolchykh Batalioniv Street in Kyiv
• a luxury estate of almost 1300 sq m in the village of Romankiv, Obukhiv district;
• six parking spaces in prestigious residential complexes in the capital;
• 15 land plots with a total area of over 5 hectares in the Pecherskyi district of Kyiv and Obukhiv district of Kyiv region.

The majority of the sites are located in the most prestigious areas, including Instytutska and Drahomyrova streets in Kyiv’s Pechersk district, as well as in the picturesque area on the banks of the Dnipro River near the villages of Romankiv and Pidhirtsi in Obukhiv district.

‘ARMA is working to ensure that the property of criminals, including those involved in the Maidan shootings and corruption schemes of the Yanukovych regime, does not stand idle but brings benefits to the state and the Ukrainian people. The transfer of these assets to effective management is the restoration of justice and a concrete economic result for the country,’ Duma stressed.

She also added that any interested parties, except for representatives of the aggressor country, can take part in the competition for the positions of manager and appraiser of this property.

Earlier, the ARMA announced a competition to find an appraiser and manager for 53.1 hectares of land in Kyiv associated with former MPs Viktor Medvedchuk and Taras Kozak, as well as for the management of a dacha in the Carpathians owned by Medvedchuk.