Ukrainian MPs Protract Amendments to Pass "Anti-Kolomoisky” Bank Law
16 April, 2020

After the Ukrainian parliament adopted the amendments to allow consideration of the bill on failed and nationalized banks within a short timeframe, several MPs have registered resolutions on the abolition of the results of the voting. 

Adoption of the bill dubbed “Anti-Kolomoisky law” is one of the conditions by the International Monetary Fund (IMF) for their continued cooperation with Ukraine and for the presentation of a new tranche of funds to the country. The bill doesn’t allow to return nationalized banks to their former owners and was passed in the first reading on March 30. But after that, record 16,000 amendments were proposed to block or protract the adoption.

READ MORE: MPs Search For Ways to Pass "Anti-Kolomoisky Law" Amidst Internal Disagreement

On April 16, the Verkhovna Rada supported the law amending the parliamentary regulations to enable the passing of the “Anti-Kolomoisky” bill in a short time. The law No. 1043 “On Counteracting the Abuse of the Rights of People's Deputies in the Legislative Procedure” was adopted in the first reading on September 10, 2019. According to it, at least one-third of the MPs (150), the president or the Cabinet of Ministers may submit a draft resolution to repeal the adoption of a law, a resolution, or act, and the amendments considered by the main committee can be voted in the parliament only after procedural decisions by the parliament.

However, now the law cannot be signed by the speaker of the parliament and the president until the newly-submitted draft resolutions are considered by the parliament.

READ MORE: Ukrainian Parliament Approves “Anti-Kolomoisky” Bill on First Reading

Those were registered by MPs Anton Polyakov and Oleksandr Dubinsky who also submitted more than 6,000 and 1,000 amendments to the bank bill respectively, as well as Taras Batenko and Iryna Konstankevych. All of them are believed to be connected to the oligarch Ihor Kolomoisky who strives to reassert control over the nationalized PrivatBank.

/ by Vladyslav Kudryk