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2.6 ​Politics - misc
Ukraine’s parliament has passed the so-called anti-Kolomoisky bank law on March 30​, paving the way to close a new $5.5bn Extended Fund Facility (EFF) deal with the International Monetary Fund (IMF). The law called "On Amendments to the Legislative Acts of Ukraine regarding the improvement of some banking regulation mechanisms" squeaked through the first of three votes with 267 deputies voting “for,” just one more than needed to pass the law. The law bans the return of nationalised banks to their former owners and prohibits the return to the market of bankrupt banks, if their owners have succeeded in cancelling the decision of the National Bank of Ukraine (NBU) on their insolvency in the courts.
Ukraine’s Rada passed a watered down version of a law to create a land market in a late emergency session on March 30. ​A total of 259 deputies voted for the law, well ahead of the 226 needed to pass the law. The decision followed on from a vote earlier in the day to pass the so-called anti-Kolomoisky banking law by a narrow margin. Together the two laws clear the way for a new $5.5bn Extended Fund Facility (EFF) with the International Monetary Fund (IMF), which would unlock up to $10bn of funds for the cash strapped republic. The law has considerably watered down from earlier version in order to get it through the vote. Land plots for sale will be limited to 100ha and to Ukrainian citizens. No state land will be put up for sale. AS a result the law is not expected to have any impact on the economy, but it does provide a basis to gradually gradually ease the restrictions on the sale of land.
Ukraine's parliament, the Verkhovna Rada, has appointed the nation's
13​ UKRAINE Country Report​ April 2018 ​ ​www.intellinews.com