Ukraine's Volodymyr Zelenskyy Speeds Up corruption Crackdown, One Oligarch At A Time

Ukraine's Volodymyr Zelenskyy Speeds Up corruption Crackdown, One Oligarch At A Time

The Ukrainian President Volodymyr Zelenskyy made headlines in Ukraine when he submitted a new bill to parliament that he claims will target oligarchs.

Andrew H. Sweet

It takes aim at Ukrainian oligarchs who built 'political, economic, and media influence.' The president wants to create an official list of the country's oligarchs and, among other things, ban them from donating either directly or indirectly to political parties.

Any person fitting three of the four following criteria will be on the list if the bill passes:

  1. Ownership of assets exceeding 2.2 billion hryvnias ($81 million)
  2. involvement in political activities
  3. Considerable media influence
  4. Being a beneficiary of monopolies

The move could help Ukraine in its effort to join NATO, with President Joe Biden commenting last week that corruption was a specific "stumbling block" to Kyiv joining the alliance.

Read the original story here.

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