SPFU presents a concept of the Ukrainian Sovereign Wealth Fund, expecting to launch it in 2024. On Nov. 8, Oleksandr Fedoryshyn, acting head of the State Property Fund of Ukraine (SPFU), presented what the Ukrainian Sovereign Wealth Fund will look like to the Verkhovna Rada’s Economic Development Committee. According to Fedoryshyn, the sovereign fund would gradually come to include all strategic SOEs that are not subject to privatization.
Newly announced funding for several initiatives has the potential to support sustainable growth, improved healthcare, and effective governance in Uzbekistan.
The Russian invasion of Ukraine in February 2022 brought about notable changes in the IP landscape for foreign trademark owners and local entities in Russia. While the protection, maintenance, and enforcement of IP rights remain unaffected by sanctions, the situation has had an impact on the exercise of exclusive IP rights.
SPFU head Umierov resigns to head the Defense Ministry. On Sept. 3, President Volodymyr Zelensky announced that he was replacing Defense Minister Oleksii Reznikov with the head of the State Property Fund of Ukraine (SPFU), Rustem Umierov. The next day, the Rada approved both, and Zelensky put forth Umierov’s formal appointment.