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Article

15 Oct 2021

Author:
Radio Free Europe/Radio Liberty

Ukraine's parliament approves 'oligarch law' aimed at limiting influence of powerful businesspersons

Ukraine's Parliament Approves 'Oligarch Law,' Day After Attack On Presidential Aide, 23 September 2021

Ukrainian lawmakers have approved a draft bill directed at limiting the influence of oligarchs, the day after a car carrying a top aide of President Volodymyr Zelenskiy, who pushed for the reform, was riddled with bullets as it traveled through a village.

The second and final reading of the proposed legislation -- known as "the oligarch law" -- was adopted by the Verkhovna Rada on September 23.

The draft law, which must still be signed by Zelenskiy, would introduce a legal definition for an oligarch, create a register of tycoons, and impose limitations on their activities such as blocking them from financing political parties...

The United States has long called on Ukraine to tackle the handful of tycoons who wield enormous political influence from behind the scenes to the detriment of the country and its citizens...