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Ukraine's Rada Adopts Law to Lift Moratorium on Agricultural Land Sale From 1 July 2021
Ukraine's Rada Adopts Law to Lift Moratorium on Agricultural Land Sale From 1 July 2021
Sputnik International
KIEV (Sputnik) – During an extraordinary session, the Ukrainian parliament, the Verkhovna Rada adopted a law lifting a moratorium on the sale of agricultural... 31.03.2020, Sputnik International
2020-03-31T03:10+0000
2020-03-31T03:10+0000
2022-10-19T20:55+0000
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Ukraine's Rada Adopts Law to Lift Moratorium on Agricultural Land Sale From 1 July 2021
03:10 GMT 31.03.2020 (Updated: 20:55 GMT 19.10.2022) KIEV (Sputnik) – During an extraordinary session, the Ukrainian parliament, the Verkhovna Rada adopted a law lifting a moratorium on the sale of agricultural land starting 1 July 2021.
The decision was backed by 259 lawmakers with the required minimum of 226 votes, but the document has yet to be signed by President Volodymyr Zelensky.
The original version of the law was scheduled to come into force on 1 October 2020. The adoption of this legislation is critical to signing a new loan programme with the International Monetary Fund.
In December, the International Monetary Fund reached an agreement with Ukraine on a three-year loan worth 4 billion Special Drawing Rights ($5.5 billion), IMF Managing Director Kristalina Georgieva said.
In 2018, the IMF approved a standby loan agreement of $3.9 billion for Ukraine, with an implementation period of 14 months.
