Rada bars Russians from buying Ukraine’s SOEs

The move was passed January 18 in an amendment to the newly-adopted law on privatization of state property.

Ahead of the vote, the rapporteur for the law, Andriy Ivanchuk, presented in the Rada’s session hall the general amendment to the bill’s Article 8, according to which "legal entities, beneficiaries owning 10% or more of the shares of enterprises that are residents of a state recognized by the Cabinet of Ministers and the Rada as an aggressor state shall not be buyers of privatization objects."

Read alsoReuters: Ukraine passes privatisation law needed for IMF aidIt was added that the "provision does not apply to legal entities whose shares are admitted to trading by foreign stock exchanges according to the list drawn by the Cabinet of Ministers, except legal entities that are residents of the aggressor state and citizens and/or residents of the state, recognized by the Verkhovna Rada as an aggressor."

As UNIAN reported earlier, the Verkhovna Rada of Ukraine adopted in the second reading and as a whole a draft law on the privatization of state property, aiming to facilitate the privatization process by simplifying classification of privatization objects – dividing them into the two groups of small and large ones.