On March 28, the Law of Ukraine "On Amendments to Certain Legislative Acts of Ukraine on Improving Legislation in the Field of Subsoil Use" No. 2805-IX dated December 1, 2022, came into force. In particular, a number of decisions that formed the basis of this Law were made within the framework of the Interagency Working Group (IWG) on Accelerated Review of State Regulation of Economic Activity.
"Ukraine is actively deregulating its economy to create favorable business conditions, reduce the administrative burden on entrepreneurs and de-shadow the economy. The new law creates a convenient and transparent system of subsoil use by abolishing outdated and irrelevant regulatory instruments. This decision will help to attract investment and develop the subsoil use industry," commented Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, Co-Chair of the IWG on Deregulation.
In particular, the law abolishes:
"From now on, entrepreneurs no longer need to prepare dozens of documents and obtain burdensome approvals in order to obtain a special permit for subsoil use. This process has been simplified to the maximum extent possible, which will allow the industry to operate and meet the country's needs with its own mineral production," added Yuliia Svyrydenko.
Background
The IWG on Deregulation is headed by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, and Mykhailo Fedorov, Deputy Prime Minister and Minister of Digital Transformation.
Translated with www.DeepL.com/Translator (free version)