How Ukraine eradicates russian business from its economy?

For over 30 years Ukrainian independence has been present in all spheres of the Ukrainian economy. After Russia’s large-scale invasion, Russian businesses and assets in Ukraine need to go through the process of “de-russification” of business.

However, even in the conditions of large-scale invasion, the process of nationalization of Russian property remains complicated at the legislative level.

While some of the businesses are formally registered on persons with non-Russian citizenship and try to mask the contacts with the aggressor state, the arrest of Russian businesses is one of the top Ukrainian priorities to limit financing Russia’s war against Ukraine. What are the legal measures to confiscate Russian assets and how long will it take?

UKRAINE IN FLAMES project is created by Ukraine Crisis Media Center and NGO “Euroatlantic Course”. We are aiming at searching a loud support for Ukraine in the war started by Russia on the 24th of February 2022.

If you want to support Ukraine against Russian aggression, check the link with recommendations by Ukraine Crisis Media Center –

NGO Euroatlantic Course collects donations to support Ukrainian Army and civilians –

How you can help Ukraine against Russian aggression:

Come back alive – (works directly with the command and personnel of military units, purchasing infrared thermal imaging cameras, night vision goggles, hemostatics etc); 

CO Serhiy Prytula Charity Foundation – (purchases supplies for Ukrainian army, such as armor, ammunition, first-aid kits, cars and ATV, humanitarian aid for civilians, and food for animals);

UNITED 24 – (launched by the President of Ukraine Volodymyr Zelenskyy as the main venue for collecting charitable donations in support of Ukraine. Funds will be transferred to the official accounts of the National Bank of Ukraine and allocated by assigned ministries to cover the most pressing needs)

Army SOS – (manages purchases of necessary ammunition, shields, intercommunication and reconnaissance facilities, etc. and delivers all goods directly);

Vostok SOS – (raising funds for various needs of the army);

Phoenix Wings – (the appropriate equipment & uniform, personal non-lethal protection (vests, helmets), required treatment of the wounded soldiers, and repair of the buildings used by the army).