The President signed Law № 767-VІII “On
Amendments to Chapter X “Transitional Provisions” of the Land Code of Ukraine
on Prolongation of Ban on Alienation of Agricultural Land” adopted on November
10, 2015.
The Law extends the validity of moratorium on sale or otherwise
alienation of agricultural land for one year. It will facilitate legislative
regulation of the procedure of agricultural land turnover and elaboration of
necessary legislative acts.
For this end, Law №767-VІІІ makes amendments to
items 14 and 15 of Chapter X “Transitional Provisions” of the Land Code of
Ukraine. Final provisions of the given law instruct the Cabinet of Ministers to
elaborate and submit a draft law on agricultural land turnover to the
Parliament by March 1, 2016.
The prolongation of moratorium will reduce social tension against the
backdrop of political speculations on this issue and provide time for the
elaboration of clear legal mechanism for the introduction of transparent market
of agricultural land.
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