Zelensky proposes parliament create register of oligarchs.

Ukrainian President Volodymyr Zelensky has proposed that the Verkhovna Rada create a register of persons who have significant economic or political influence in public life (oligarchs).

According to Ukrinform, this is stated in bill No. 5599 "On the prevention of threats to national security associated with the excessive influence of persons who have significant economic or political weight in public life (oligarchs)," the text of which has been posted on the website of the Ukrainian parliament.

According to the document, the decision to recognize a person as an oligarch is made by the National Security and Defense Council of Ukraine on the basis of a motion from the Cabinet of Ministers, a member of the National Security and Defense Council, the National Bank of Ukraine, the Security Service of Ukraine or the Antimonopoly Committee. Such a decision, after its entry into force by a presidential decree, will serve as a basis for including a person in the register of persons who have significant economic or political influence in public life (oligarchs).

Access to the register of oligarchs should be provided around the clock. The register will be posted on the website of the National Security and Defense Council. It will contain a decision of the National Security and Defense Council and the circumstances that justify the adoption of such a decision; a person's surname, name and patronymic (if any); declarations of contacts with a person and their representatives.

In case of contact of a public official with a person included in the register or his/her representative, such an official is obliged to submit a declaration of contacts. Contact means a meeting and conversation (including those held virtually) of any content, unless such contact took place during the participation of public officials with an oligarch in online official events, court hearings; official events information about which (indicating the full list of participants and the subject of discussion) has been posted on the official website of a public authority.

The law on oligarchs comes into force on the day following the day of its publication and is enacted six months after its entry into force and ceases to be in force ten years after its entry into force.

President Volodymyr Zelensky also proposed that the Verkhovna Rada establish the criteria for a person to be classified as an oligarch.

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