The Asset Recovery and Management Agency (ARMA) has announced competitions to select managers of the seized assets of former MP Viktor Medvedchuk, suspected of treason, and persons associated with him.

As the agency reported on its Telegram channel, competitions have been announced for managers of the Zhovten sports base in Obukhiv district of Kyiv, the Kerambud brick factory in Lviv, the Betonbud concrete manufacturer in Lviv region, as well as three apartments and a private house in Obolon district of the capital.

"After an independent assessment of each of these assets and the selection of managers, this property will begin to work for the benefit of the state, bringing significant funds to the state budget of Ukraine," the ARMA statement says.