Ukraine approves law to limit influence of oligarchs
KIEV, Sept. 24 (Xinhua) – Ukraine’s parliament on Thursday approved a so-called “desoligarchization law” designed to combat the influence of the oligarchs on the country’s economy and politics, the Ukrainian press service said. parliament.
The legislation, which was submitted by President Volodymyr Zelensky, was supported by 279 votes, exceeding the minimum 226 votes required.
The new law empowers the country’s National Security and Defense Council to list people on the list of oligarchs based on certain criteria, including significant influence over media and political activities, ownership of an monopoly company and a fortune of over 86 million US dollars. dollars.
Individuals designated as oligarchs will be prohibited from sponsoring political parties and participating in the privatization of large corporations.
The main objective of the law is to overcome conflicts of interest caused by the mergers of politicians, media and large companies and to ensure the national security of Ukraine, according to the statement published on the website of parliament.
The Ukrainian authorities have long struggled against the concentration of economic and political power in the hands of influential individuals.
In May, the government created the Bureau of Economic Security to speed up the process of desoligarchization.