President Volodymyr Zelensky has made a drive against the magnates a focal point of his administration, particularly in view of the U.S. criticism that they were influencing the day-to-day operations of the government.

Ukraine sees hydrogen development as a way to make up for lost Russian gas transit.

The privatisation process was suspended a year ago over the COVID pandemic and officials said earlier this year that they hoped selloffs could raise as much as 12 billion hryvnias ($430 million).

Currently, in 50th place on Ukraine’s Forbes List, Oleg has achieved his $210 million fortune as a Founder and CEO of People.ai – a startup at the forefront of digital technology.