Despite the cold cyclones and rainy weather, May introduced many Law and Tax updates in Ukraine.
First, the President signed a law that will facilitate a land decentralization program, known as the “Land`s constitution” and initiated an anti-oligarchs policy. It will introduce a public registry, special rules, and limitations to 13 oligarchs that currently own more than 23% of GDP. In the middle of May, Ukraine got personnel changes in the Cabinet of Ministers: new Minister of Health – Victor Lyashko, Minister of Infrastructure – Oleksandr Cubrakov and Minister of Economics – Oleksiy Lyubchenko. At the end of the month, the Parliament adopted:
- Law on the imprisonment for inaccurate declarations. According to the officials, this will encourage transparency and help to fight corruption
- Ban of plastic bags
- The State Customs Service will make customs declarations data available to the public
- Ukraine introduced sanctions against Belarus. Since May 26, an air connection with Belarus has been stopped. After May 29, Belarusian aircraft cannot fly over Ukraine
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
