President of Ukraine

The bill initiated by the President is designed to eliminate the influence of oligarchs in Ukraine

20 May 2021 - 17:08

The bill initiated by the President is designed to eliminate the influence of oligarchs in Ukraine

The bill will soon be presented to the public, which will contain clear criteria for determining the oligarchs. This was announced by President of Ukraine Volodymyr Zelenskyy at a press conference.

"We do not want to kill big business, but we are definitely killing the concept, content and influence of the oligarchic system in our country. There will be no influence on mass media, no influence on politics, no influence on officials. But if there is influence, then these people will get a ticket called "oligarch". They will be included in a special register, and then this big business may lose a great share of its assets," he said.

According to the Head of State, the value of oligarchs' assets in Ukraine and abroad will be reduced not due to sanctions, but due to the emergence of the concept of "oligarch" at the legislative level.

He stressed that he did not want to destroy big business - on the contrary, he wanted it to develop, pay taxes and increase the number of jobs.

"According to this law, they (oligarchs - ed.) will be given time - not too much time - to get rid of all this influence. We will even show them how to do it, if necessary. There will be no dead end for them. This is a normal law that respects big business," Volodymyr Zelenskyy said.

According to the President, the bill, in particular, provides for an increase in rents for iron ore mining. The Head of State does not believe that this will lead to the shadowing of the relevant enterprises.

"We understand how much this or that entrepreneur earns. We understand exactly how to make sure that no one is seriously affected, that no one shuts the business down. But when we have a war, when it is difficult for us, when we have nothing to pay pensions to people with, we will not allow to earn 200-300% at the expense of the state subsoil,” Volodymyr Zelenskyy emphasized.

"SMEs will not pay more taxes. And big business should help people and help the state. Is the market price for metallurgy rising today? Then we can slightly increase budget revenues. It seems to me that this is fair," the President added.