November 7, 2021
1 min read

Ukrainian Prez to rid nation of oligarchy

The individuals designated as oligarchs in Ukraine will be prohibited from sponsoring political parties and taking part in the privatisation of big companies. …reports Asian Lite News

Ukrainian President Volodymyr Zelensky has signed into law a bill designed to combat oligarch influence on the country’s economy and politics, the presidential press service said in a statement.

The new legislation is aimed at ensuring the state works in the interest of society and guiding Ukraine towards European and Euro-Atlantic integration, Xinhua news agency quoted the statement as saying.

The law allows the country’s National Security and Defense Council to put individuals on the list of oligarchs based on certain criteria, which include significant influence on the media and political activities.

The individuals designated as oligarchs will be prohibited from sponsoring political parties and taking part in the privatisation of big companies.

The law will fully take effect six months after being published in the Ukrainian Prliament’s newspaper Golos Ukrainy.

ALSO READ: Russia refutes reports on military build-up near Ukraine

Previous Story

Pakistan buys costliest ever LNG to tackle gas crisis

Next Story

Bosnia to wipe out statelessness by end of 2022

Latest from -Top News

Rifts rock Yunus govt ahead of Bangladesh polls

As Bangladesh readies for 2026 polls, tensions within Muhammad Yunus’s interim government expose deep cracks between coalition partners and rising student factions vying for political influence. Bangladesh’s interim government, led by Nobel

India emerges as a global humanitarian powerhouse

India’s steady evolution into a global humanitarian leader reflects a fusion of compassion, strategy, and capability — a quiet revolution redefining power through empathy and decisive action. India’s foreign policy has undergone

Poverty returns to haunt Bangladesh

There is no surprise that the rise in poverty in Bangladesh coincides with the political turmoil it is facing. Since the inception of the interim government’s regime, Dhaka has faced a multitude
Go toTop

Don't Miss

Ukraine war: Almost 3,000 Afghans flee to Poland

More than 5,000 Afghan refugees were living in Ukraine, most

Ukraine war to trigger price rise

As the conflict continues between Russia and Ukraine, both the