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Revised draft law on support of the extractive industry of Ukraine sent to parliament

Mining industry / Ukraine
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At a meeting of the Verkhovna Rada of Ukraine Committee on Environmental Policy and Environmental Management held on Thursday, a draft law on amendments to some legislative acts of Ukraine regarding the improvement of legislation in the field of subsoil use was considered.

Revised draft law on support of the extractive industry of Ukraine sent to parliament

Draft Law No. 4187 "On Amendments to Certain Legislative Acts of Ukraine Concerning Supporting the Development of Domestic Subsoil Use Industries", finalized by the Verkhovna Rada of Ukraine Committee on Environmental Policy and Environmental Management, was adopted as the basis for its presentation and approval by deputies in the first reading.

After taking into account all the comments that were received from the People's Deputies of Ukraine, the Committee on Anti-Corruption Policy, the National Agency for the Prevention of Corruption, the Main Scientific and Expert Department of the Office of the Verkhovna Rada of Ukraine, the Office of Simple Decisions and Results, business associations and public organizations The Committee decided to adopt the revised draft law as a basis and recommended it for consideration by the Verkhovna Rada of Ukraine in the first reading.

The meeting participants noted the high quality of the bill. Additional comments received during the discussion will be considered and taken into account when preparing the document for the second reading in the Verkhovna Rada of Ukraine.

“Modernization of the legal framework will contribute to the effective use of mineral resources, is one of the priorities of the State Geosupport. We are making every effort to develop the subsoil use industry, - said Roman Opimakh, Head of the State Service of Geology and Subsoil of Ukraine. - Bill 4187 is intended to make the industry attractive for investments, and the rules of the game are clear and predictable. ”

The initiative was developed in close cooperation with the State Geological Survey and is designed to modernize and deregulate relevant legislation. In particular, the bill provides for the liberalization of the circulation of special permits, fixes the transparency of the rules for subsoil use, simplifies a number of procedures for interaction between business and the state apparatus.

“The document is a synthesis of the best provisions of the alternative bill No. 4187-1 and takes into account the comments submitted by the business community. It contains a number of initiatives aimed at simplifying the procedure for granting subsoil for use and increasing the potential of the industry, ”the website of the European Business Association says.

The objectives of the reform are very simple and include the maximum reduction and simplification of the procedures for obtaining licenses for subsoil use, a significant reduction in the number of state bodies that influence the process, thereby reducing the opportunities for corruption.

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