Ukraine prolongs farmland sales moratorium until 2018

The Verkhovna Rada of Ukraine has extended the moratorium imposed in 2001 on the sales of agricultural land until 2018, according to an UNIAN correspondent.

Bill No.5123-1 On Amendments to Part X of the Transitional Provisions to the Land Code of Ukraine on the extension of the prohibition of alienation of agricultural land was supported by 297 deputies with the required minimum of 226 votes.

The term of the moratorium will be automatically extended until the entry into force of the draft law on farmland turnover. It should be noted that the draft law is currently being developed by the Ministry of Agrarian Policy and Food, together with other responsible agencies.

While presenting the bill in the session of the Verkhovna Rada, the co-chairman of the Parliament Committee on agrarian policy and land relations, Oleksandr Bakumenko, noted that the proposed period of extension of the moratorium is sufficient to ensure that the parliament has prepared the necessary documents to improve the regulatory framework in the area of land relations.

”Bill No.5123-1 provides for the transfer of the date of lifting of the moratorium for a year, to January 1, 2018, which will be sufficient for the Parliament to complete its work on land reform,” said Bakumenko.

See also: IMF want to launch land market in Ukraine waiting for significant economic gains

Avatar photo


An independent media focused on Ukraine.
Follow us on social media:

Submit a Comment

Your email address will not be published.

Share This

Share this post with your friends!