The decision of the Arbitration Institute of the Stockholm Chamber of Commerce to ban Odesa Port-Side Plant from alienating assets would not influence its privatization, the State Property Fund of Ukraine has reported, referring to its head Ihor Bilous.

"The court decision on the plant's debt to Firtash [Dmytro Firtash, the beneficiary of the claimant Ostchem] has no relation to privatization," the press service said, citing Bilous.

The fund has studied the decision of the Arbitration Institute and has come to the conclusions that there are no threats to the privatization process.

"The court decisions relates to the order not to sell immovable assets of Odesa Port-Side Plant, which no one planned to sell. Even the debt restructuring, we actively discussed in the past months at meetings of the working group with USAID, does not imply actions with the plant's property," Bilous said.

He said that the court decision is to be approved by a Ukrainian court and it is hard to achieve in the short term – until August 31.

The Arbitration Institute of the Stockholm Chamber of Commerce on March 31, 2016, banned PJSC Odesa port-side chemical plant from alienating non-current assets until August 31, 2016.

The State Property Fund intends to announce an auction on the privatization of Odesa port-side chemical plant in the second half of May and hold it in June.