Kiev has announced a massive discount on the sale of state assets which have failed to find foreign buyers. Ukraine’s State Property Fund says all of the assets have been put up for sale more than 10 times and have found no takers.

As a result, 22 of 34 state assets are now being put up for sale at a 60 percent discount, nine with a discount of 50 percent, and three are up for auction at a reduced asking price.