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Yanukovych vows to declare temporary moratorium on sale of land to foreigners

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June 15, 2011, 3:43 p.m. | Business — by Interfax-Ukraine

Viktor Yanukovych vows to declare temporary moratorium on sale of land to foreigners.

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Vinnytsia, June 15 (Interfax-Ukraine) – The first stage of land reform in Ukraine is aimed at establishing a fair price for the lease of land, rather than its sale, Ukrainian President Viktor Yanukovych has said. "Yesterday, we actually agreed a strategy and project for land reform... This reform will enable the owners of land plots – and their number is about 6.5 million - to get a fair price for the lease of land, and eventually they, if they wish, they will have a chance to sell [land] under certain conditions, as soon as these conditions are worked out," he said in Vinnytsia region on Wednesday.

Yanukovych said that a temporary moratorium would be imposed on the sale of land to foreigners.

"We'll see for how long [the moratorium will be imposed]," he said.
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