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

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.

Comments

Ukraine will fully disclose extraction contracts according to the EITI Standard

Olha Polunina

Manager for Sustainable Development at DiXi Group

Ukraine will fully disclose extraction contracts according to the EITI Standard

The major achievement of the adopted amendments is the legislative requirement to fully disclose all contracts between extractive companies and the government

Disclosure of resource extraction contracts is important for Ukraine’s compliance with international environmental conventions

Olha Polunina

Manager for Sustainable Development

Disclosure of resource extraction contracts is important for Ukraine’s compliance with international environmental conventions

Ukraine has time until July 2022 to submit a plan of action, including a time schedule, and until October 2023 to provide a detailed progress report.

Ukraine Follows a Fossil Fuel Recovery Pathway

Yuliia Oharenko

expert of the DiXi Group project “Promoting Ukraine's Participation in the European Green Deal in the fields of energy and environment”

Ukraine Follows a Fossil Fuel Recovery Pathway

Despite multiple political statements supporting the European Green Deal and announced plans for the development of a joint with the EU Roadmap, Ukraine is moving in an opposite direction. These are the results of Energy Policy Tracker

The “Augean stables” of the extractive sector: is there any progress?

The “Augean stables” of the extractive sector: is there any progress?

The practice of procuring special extraction permits and then sitting idle on them for decades is unacceptable from the viewpoint of Ukraine’s energy independence and national security, raising budget revenues and the country’s investment attractiveness.

Ukraine improves its ranking under the EITI Standard

Olha Polunina

Manager for Sustainable Development at DiXi Group

Ukraine improves its ranking under the EITI Standard

The EITI Board acknowledged Ukraine’s efforts concerning disclosure of beneficial ownership information, creation of an online EITI reporting portal, and the launch of EITI implementation monitoring and assessment at national level.

Тижневик

Our platforms

https://ksep.energy/en/

Independent energy educational center

http://eiti.org.ua/

National website of Extractive Industries Transparensy Initiative in Ukraine 

http://ua-energy.org/

Information and analitical website “Ukrainian Energy UA-Energy.org” is unique   platform to inform

Our platforms

https://ksep.energy/en/

Independent energy educational center

http://eiti.org.ua/

National website of Extractive Industries Transparensy Initiative in Ukraine 

http://ua-energy.org/

Information and analitical website “Ukrainian Energy UA-Energy.org” is unique   platform to inform