Ukrainian
President Petro Poroshenko has signed into law a bill on prolongation of a
moratorium to sell farmland in Ukraine until 2018 passed by Ukraine's Verkhovna
Rada on October 6, 2016.
The press service of the head of state reported on
Friday that the law amending Section X of the transition clauses of the Land
Code of Ukraine regarding a ban to sell farmland extends the moratorium to sell
farmland for one year. This will allow regulating the procedure for farmland
turnover over the period.
"The implementation of the law would help to
provide for the creation of the proper legislation and set the clear legal mechanism
for the farmland market to function," the press service said.
As reported, on October 7 Chairman of the Ukrainian
parliament Andriy Parubiy said that the decision to extend the moratorium to
sell farmland is a compromise, as legislation for farmland turnover has not
been approved in Ukraine.
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