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).

For the first half of 2021, the country's assets in foreign currency increased to $66.1 billion, and the volume of external liabilities amounted to $48.3 billion.

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.

The growth forecast for the region was increased to 4.1 percent in 2021 from a previous projection of 3.6 percent in July and 3.4 percent in April.

The funds will improve the operational structure, corporate governance, and financial management of the country’s electricity transmission company and its subsidiary.