The Finance Ministry of Ukraine has proposed that the Cabinet of Ministers of Ukraine agrees the sale of assets that include 173 immovable property and ownership rights to property worth UAH 1.48 billion that government-controlled Ukrgasbank received as part of repayment of troubled debts.

This issue was discussed at a cabinet meeting on Thursday.

"According to the order of the Finance Ministry, Ukrgasbank has the right to sell these assets an open auction and receive additional funds," Finance Minister of Ukraine Natalie Jaresko said at the cabinet meeting.

Ukrainian Prime Minister Arseniy Yatseniuk proposed that the assets are put up for sale in the SETAM electronic system that sells arrested assets.

He said state-run banks must sell their assets in the SETAM system. Yatseniuk said that the Individuals' Deposit Guarantee Fund continues selling assets via 20 electronic sites despite an agreement to sell them in the SETAM.

"The NBU [National Bank of Ukraine] jointly with the Justice Ministry will draw up a resolution and we settle the issue by the decision of the government and the NBU and the Deposit Guarantee Fund would have a liability to sell assets of banks more transparently," Justice Minister Pavlo Petrenko said.

He said that currently around 100,000-150,000 visitors visit the SETAM system a month, and this is the most popular site for electronic trading with assets.