News
22.11.2012
Moratorium on sale of agricultural land extended until 2016
The Verkhovna Rada, Ukraine's parliament, has passed a law extending a moratorium on the sale of agricultural land until January 1, 2016.
A total of 269 MPs voted for such a decision on November 20.
In particular, the law introducing amendments to the Land Code of Ukraine (regarding the circulation of agricultural land) says that before it comes into force, the law on the circulation of agricultural land, but not earlier than January 1, 2016, prohibits the inclusion of the right to a land plot in the charter capital of commercial companies.
The document also contains a provision banning, until January 1, 2016, the sale and purchase of state- and municipally-owned agricultural land, except for its withdrawal (purchase) for public use, as well as the purchase or sale or disposal of land and a change in the purpose (use) of land plots that are owned by individuals and legal entities engaged in commercial agriculture, as well as land allocated in situ to the owners of land plots for subsidiary farming.
