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Ukraine passes law to limit oligarchs’ influence on politics

vwdhfgeyug by vwdhfgeyug
September 23, 2021
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Ukraine passes law to limit oligarchs’ influence on politics
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KYIV, Ukraine (AP) — Ukrainian lawmakers on Thursday accepted a legislation aimed toward limiting the affect of oligarchs on politics.

The transfer comes a day after the automotive of a high aide to Ukrainian President Volodymyr Zelenskyy got here below gunfire, an incident the president mentioned might have been triggered by the reform.

The legislation, initiated by Zelenskyy, incorporates a definition of an oligarch and bars those that fall below it from funding political events or participating within the privatization of state belongings. It handed its first studying in July, and on Thursday 279 out of 450 lawmakers voted to undertake it. It is going to come into power after the president indicators it.

The legislation defines oligarchs as people who personal important monetary belongings and media retailers, and requires oligarchs to register as such. It might have an effect on Ukraine’s former president and sweet tycoon Petro Poroshenko and businessman Ihor Kolomoisky, who backed Zelenskyy on the 2019 election and controls Ukraine’s hottest TV channel, 1+1.

The legislation additionally requires state officers to declare their dealings with oligarchs.

“The legislation must be step one in altering the oligarchic system in Ukraine, which has develop into the explanation for the rampant corruption that’s poisoning all spheres of life,” Volodymyr Fesenko, a Kyiv-based political analyst and head of the Penta Heart suppose tank, instructed The Related Press.

“Zelenskyy is making an attempt to distance himself from the entire oligarchs and alter the vicious system during which six or seven individuals managed the politics and the enterprise in all of Ukraine,” Fesenko mentioned.

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