One in five economic criminal proceedings closed in Ukraine after audit – President’s Office

According to the President’s Office, Andriy Yermak, the head of the Office, attended a meeting of representatives of the Prosecutor General's Office, the Business Ombudsman Council, the Council for Entrepreneurship Support in the Conditions of Martial Law under the President of Ukraine, and Ukrainian business associations.

The participants discussed the findings of the criminal proceedings audit recommended by the National Security and Defense Council decision "On Urgent Measures to Ensure Economic Security for the Period of Martial Law", enacted by the Presidential Decree No. 21/2024 of January 23, 2024.

The audit showed that more than 1.4 million criminal proceedings were registered in Ukraine, and only 0.5% of them are related to business.

 Deputy Prosecutor General Dmytro Verbytskyi reported that the audit resulted in the closure of one out of five criminal proceedings related to the economic sector. In addition, the number of searches and seizures of business property dropped by half over the past three months.

Furthermore, Prosecutor General Andriy Kostin signed the order approving the Standards of prosecutors' performance in investment protection, extending their mandatory application to all prosecutors.

The members of the Presidential Council for Entrepreneurship and leading business associations joined the development of the updated Standards. The Standards, in particular, stipulate that a search is an extreme investigative procedure and that the need for a seizure requires proof and consideration of whether it will lead to the suspension of the enterprise's business activity.

Yermak thanked the Prosecutor General's Office team for their work and added that the next step should be increasing the transparency and digitization of data on criminal justice activities.

As reported, Andriy Yermak met with a delegation of the international group of companies CRH and discussed the prospects of investing in Ukraine.

Photo: President’s Office