The moratorium on sale of agricultural land is extended until 1
January 2018. Such amendments to the Land Code of Ukraine (the
"Land Code") were introduced by the
Draft Law No.5123-1 (the "Draft Law"), adopted by the Parliament of
Ukraine on 6 October 2016.
Previously, the Parliament had prolonged the moratorium until 1
January 2017. At the same time, the members of Parliament undertook
an obligation to develop and adopt the law on agricultural land
However, according to the Explanatory Note to the Draft Law,
such prolongation is necessary due to the fact that the issue of
the formation and development of agricultural land turnover in
Ukraine is not legally regulated as for now. Therefore, the
prolongation of the moratorium for an additional year shall ensure
transparent and fair formation of the land market as well as
prevent monopolization and land concentration.
Thus, Parliament of Ukraine extended the ban on the right of
disposal of agricultural land, including, for example, such issues
as the right to change the designation of the land plot, the right
to gift or use a land plot as collateral.
The amendments will take effect from the next day following the
day of their official publication.
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