Ukraine’s Justice Ministry is to check the business reputation of the buyers of large media outlets to make sure they meet the requirements of Ukraine’s deoligarchization law, the ministry said in a post on Facebook on Sept. 2.
The relevant changes to regulations were approved during a recent government meeting.
“An assessment of information on the identification of compliance or non-compliance of the specified person with the requirements of the Law on Deoligarchization will be provided," the ministry said.
The results of the inspection will then be submitted to the National Security and Defense Council of Ukraine and forwarded to the potential purchaser as well.
The new law on oligarchs entered into force on May 7, and on June 29 President Volodymyr Zelenskyy issued a decree on provisions relating to the register of oligarchs.
The bill stipulates that the decision to recognize a person as an oligarch is made by the National Security and Defense Council. A register of oligarchs will be kept, and those who meet the definition will be prohibited from making contributions toward the support of political parties and from buying state-owned properties under the privatization mandate.
Oleksiy Danilov, Secretary of the NSDC, announced on July 12, that the register of oligarchs was ready, but to date no one has been added to it.