Ukraine puts off setting up national oligarch register until after war

The Ukrainian government has decided to postpone the establishment of the national register of oligarchs until after the end of Russia’s current full-scale invasion.

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By a decree adopted on 19 September, which has not been reported until now, the Ukrainian cabinet of ministers amended the action plan to prevent the abuse of undue influence by ‘persons with significant economic and political weight in public life’ (oligarchs).

The decree states that the functioning and filling of the national oligarch register is planned to start "three months after the termination / cancellation of martial law".

The register was supposed to be created three months after the publication of the Venice Commission's opinion on the relevant law.

In September 2021, the Verkhovna Rada passed a law on oligarchs that provided for the creation of a special register.

Individuals on the list would be prohibited from financing political parties or participating in large-scale privatisation, and would be required to submit a special declaration.