Share Tweet Pocket Add to Bookmarks
You're reading: Yanukovych signs law on decriminalizing economic offenses
Popular
on social media

On Dec. 16, the Verkhovna Rada passed a law amending certain Ukrainian statutory acts and abolishing criminal liability for economic offenses, although it rejected amendments that would allow the release of former Prime Minister Yulia Tymoshenko.

The law envisages replacing punishment in the form of imprisonment for fines for people who have committed certain economic crimes.

The document proposes canceling criminal liability for the smuggling of goods, violation of the rules of engaging in economic activity and providing financial services, engaging in illegal economic activities, failing to return foreign currency proceeds, the illegal opening or use of currency accounts outside Ukraine, violation of the rules for handing over precious metals and precious stones, forgery of postage stamps and tickets, the illegal production, sale and use of state standard stamps, faking bankruptcy, concealing bankruptcy, illegal actions in the case of bankruptcy, the placement of unregistered securities, deception of clients and customers, falsification of measuring devices, unfair competition, illegal actions with the privatization documents, and violation of the rules for the privatization of state or municipal property, or enterprises, and their further use.

Exclusive article

Sign up or subscribe to view more articles. Try Kyiv Post for just 99¢ for the first month!
See All Plans
$5.95
Monthly plan
Get unlimited article access, anytime, anywhere.

Subscribe
$60
Yearly plan
Access all the exclusive content on KyivPost.com and the complete online archive.
Subscribe
Advertisement

Add comment

Sorry, you must be logged in to post a comment.
More in this section
Attention

Add a picture
Choose file
Add a quote
Attention

Are you sure you want to delete your comment?

Attention

Are you sure you want to delete all user's comments?

Attention

Are you sure you want to unapprove user's comment?

Attention

Are you sure you want to move to spam user's comment?

Attention

Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: