Stefanchuk: Parliament to revisit legislation related to oligarchs once war ends

Chairman of the Verkhovna Rada Ruslan Stefanchuk says Parliament will return to work on legislation related to oligarchs only after the war ends.

Stefanchuk spoke on the air of the national telethon, Ukrinform reports.

"I think that after the end of the war, we will definitely revisit the issue because we have no right to revert to the format of the economy and socio-political relations that existed before the full-scale invasion of Ukraine. The state model that is built on the oligarchic principle is doomed to fail," said Stefanchuk.

He recalled that the fight against oligarchs was one of the seven conditions put forward by the European Union for Ukraine to acquire the status of a candidate for joining the European Union.

"We fulfilled it, this law ("On prevention of threats to national security associated with excessive influence of persons who have significant economic or political weight in public life (oligarchs)" - ed.) was adopted and launched, but we agreed, that this ‘monolaw’ alone just won’t work," Stefanchuk noted.

According to the Speaker, in order for this legislation to be of a systemic nature, a number of other laws and decisions had been adopted prior to it. Among them, Stefanchuk mentioned the adoption of the law on lobbying, amendments to antimonopoly legislation, and passing decisions related to the Accounting Chamber.

As reported, the launch of the register of oligarchs was put on hold by the Cabinet of Ministers following the reservations from the Venice Commission, which in June 2023 recommended that the entry into force of the law on oligarchs be postponed.