Three years of reporting, funded by our readers — become a member now and help us prepare for 2025.
Goal: 1,000 new members for our birthday. Gift a membership to your friend and help us prepare for what 2025 might bring.
Become a member Gift membership
Skip to content
Edit post

Zelensky signs law strengthening financial monitoring of politicians

by Martin Fornusek and The Kyiv Independent news desk October 26, 2023 11:57 PM 1 min read
Ukraine's President Volodymyr Zelensky. (Volodymyr Zelensky / Telegram)
This audio is created with AI assistance

Ukraine's President Volodymyr Zelensky signed a law on Oct. 26 on financial monitoring of politically exposed persons, which is a vital step on the country's path toward EU membership.

The measure prolongs the monitoring period of government officials, who are, through their influential position, more susceptible to corruption, from three years to life.

The bill was approved by Verkhovna Rada, the Ukrainian parliament, on Oct. 17, with 276 lawmakers voting in favor.

The measure is intended to disincentivize politicians from using their positions to enrich themselves, as it extends the increased scrutiny on their finances past their time in office.

The measure will fulfill the requirements of the International Monetary Fund (IMF), lawmaker Yaroslav Zhelezniak said, adding that it should be considered a vital step in the upcoming negotiations on Ukraine's integration with the EU.

Several media reported that the European Commission is preparing to give a positive assessment of Ukraine's reform efforts in the coming weeks. The EU leaders are expected to make a formal decision on the start of the actual entry talks in December, Politico said.

Politico: EU to announce Ukraine membership talks in December
According to Politico, the EU’s executive arm will publish its “progress report” in November and will make it “very hard for member states not to say let’s open negotiations” for Ukraine.
Three years of reporting, funded by our readers.
Millions read the Kyiv Independent, but only one in 10,000 readers makes a financial contribution. Thanks to our community we've been able to keep our reporting free and accessible to everyone. For our third birthday, we're looking for 1,000 new members to help fund our mission and to help us prepare for what 2025 might bring.
Three years. Millions of readers. All thanks to 12,000 supporters.
It’s thanks to readers like you that we can celebrate another birthday this November. We’re looking for another 1,000 members to help fund our mission, keep our journalism accessible for all, and prepare for whatever 2025 might bring. Consider gifting a membership today or help us spread the word.
Help us get 1,000 new members!
Become a member Gift membership
visa masterCard americanExpress

News Feed

1:40 PM

Merkel describes Trump as 'fascinated by Putin' in her memoir.

"(Donald Trump) saw everything from the point of view of a property developer, which is what he was before he came into politics. Every plot of land could only be sold once, and if he didn't get it, someone else would," Angela Merkel says in her memoir.
11:54 PM

Biden seeks to cancel over $4.5 billion of Ukraine's debt.

"We have taken the step that was outlined in the law to cancel those loans, provide that economic assistance to Ukraine, and now Congress is welcome to take it up if they wish," U.S. State Department spokesperson Matthew Miller said on Nov. 20.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.