The Board of the Extractive Industries Transparency Initiative (EITI) at its meeting (18.06.2025) adopted a decision on the results of the third validation of Ukraine. According to the results of the assessment, our country received 85.5 points out of 100 possible for the implementation of the 2019 EITI Standard.
This is a high score that reflects progress in three key components: stakeholder engagement scored 92.5 points, transparency scored 75 points, and results and impact scored 88.5 points.
“The Board commends the country’s efforts to maintain public disclosure of extractive industries in wartime. In this way, the country demonstrates its continued commitment to transparency in the face of external aggression and martial law, which restricts public disclosure, given the strategic importance of information on the extractive industries”, the EITI website said.
“A high score based on the validation results is a sign of trust in Ukraine as a partner, which in turn opens up new opportunities for the development of the extractive industry and helps to attract investments”, said Olena Pavlenko, President of DiXi Group, who is also a member of the EITI Board.
In the course of the audit, the EITI Board made 11 recommendations and corrective actions. Their implementation is necessary to eliminate the mentioned gaps. In particular:
Open data (Requirement 7.2). Ukraine should, where possible, consistently re-establish good practices of open data disclosure that meet all EITI transparency requirements. To effectively implement Requirement 7.2, Ukraine is encouraged to systematically disclose data in machine-readable and interoperable formats, for example, through the use of data standards.
Contracts (Requirement 2.4). Where possible, publish the full text of all special permits and agreements, including production sharing agreements (PSAs), signed since January 2021, with amendments, annexes, additional agreements, as well as a complete list of existing contracts concluded in Ukraine.
Beneficial ownership (Requirement 2.5). It is necessary to ensure that the Unified State Register of Legal Entities, Individual Entrepreneurs and Public Associations contains information to identify politically exposed persons, as well as information on non-resident companies.
Currently, this information is collected as part of the EITI, but is not included in the Unified State Register. To strengthen the implementation of Requirement 2.5, Ukraine is recommended to use the EITI to assess the quality and completeness of beneficial ownership data.
Ukraine has to implement these and other recommendations by the next validation on 1 July 2028. Detailed information can be found in the third validation report.
In addition, the DiXi Group team, together with the experts involved, developed and submitted to the Ministry of Energy of Ukraine amendments to the Law of Ukraine ‘On Amendments to Certain Legislative Acts of Ukraine on Ensuring Transparency in Extractive Industries’. The updated version of the EITI Standard requirements was submitted to the Ministry of Energy in 2023 for implementation in the national legislation: https://bit.ly/3TDccYK.
