Strategic Cooperation for Justice and Economic Recovery

Strategic Cooperation for Justice and Economic Recovery: Czech-Ukrainian Chamber of Industry and Commerce Signs Agreement with ARMA

The Czech-Ukrainian Chamber of Industry and Commerce is proud to announce the signing of a Cooperation Agreement with the Asset Recovery and Management Agency of Ukraine (ARMA). The agreement was signed by Markus Ciupek, Vice President of the Chamber, and Olena Duma, Head of ARMA, on July 4, 2025.

This partnership opens a new chapter in supporting Ukraine’s efforts to recover and manage assets seized from corruption, financial crimes, and Russian state actors.

What does this cooperation mean?

• The Czech-Ukrainian Chamber will serve as a platform to inform Czech businesses and Chamber members about opportunities to participate in tenders for the purchase or management of seized assets in Ukraine, following recent legal reforms.
• The Chamber will actively support ARMA in identifying Russian and criminal assets in the Czech Republic, contributing to Ukraine’s economic resilience and justice efforts.

About ARMA

The Asset Recovery and Management Agency of Ukraine (ARMA) is the country’s specialized state institution responsible for tracing, recovering, and managing assets obtained through corruption and other criminal activity.
Operating in line with EU and OECD standards, ARMA collaborates with international partners including Interpol, Europol, and the EU Advisory Mission.

Key activities of ARMA include:

✔️ Global tracing of illicit assets
✔️ Transparent management and sale of seized assets
✔️ International cooperation on asset recovery
✔️ Supporting Ukraine’s economic recovery through reinvestment of recovered assets

Thanks to recent legal changes in Ukraine, foreign companies can now participate in open and competitive tenders for managing or purchasing seized assets—creating new business opportunities for Czech and EU companies in asset management, logistics, real estate, and beyond.

A Partnership for the Future

This partnership aims to transform frozen criminal assets into resources for rebuilding Ukraine’s economy and future. It enables Czech businesses to play an active role in Ukraine’s recovery while supporting international anti-corruption efforts.

We are thankful and proud that ARMA has entrusted our Chamber as a partner in this vital mission. Together, we contribute to transparency, justice, and the sustainable economic development of Ukraine.

➡️ Learn more about ARMA: https://arma.gov.ua/en/