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Ukrainian PM Says Some 3,000 Privatizations to be Reviewed

Ukrainian Prime Minister Yulia Tymoshenko says her government plans to review some 3,000 privatizations to ensure they were conducted fairly.

The Interfax news agency quotes her as saying Wednesday that the state will get back what was illegally handed over to what she called "private but dishonest hands."

She has already ordered authorities to begin the process of returning the country's largest steel mill, Kryvorizhstal, to government control.

A consortium that included the son-in-law, Viktor Pinchuk, of former Ukrainian President Leonid Kuchma purchased the complex last year for $800 million, far below its estimated market value.

Many privatizations in Ukraine took place under questionable circumstances after the fall of the Soviet Union.

Some information for this report provided by AP, AFP and Reuters.