The Verkhovna Rada Committee for the Fuel and Energy Complex recommends the draft law 6229 for second reading

04 April 2018

At its meeting of 4 April, the Verkhovna Rada Committee for the Fuel and Energy Complex, Nuclear Policy and Nuclear Security has approved the draft law 6229 on transparency in extractive industries for second reading. MPs supported recommendations from the Working Group chaired by MP Olha Belkova, Deputy Chair of the Committee, which took into account the stance of companies, civic organizations, experts and public authorities.

The draft law envisages implementation in Ukraine of the Extractive Industries Transparency Initiative standard and EU legislation to enhance transparency of the extractive sector. The passage of this law would help improve access to information regarding taxes paid on extraction operations at the central and regional levels, and strengthen interaction and information exchange between companies and public authorities.

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