Government establishes Interdepartmental Commission on Foreign Direct Investment Screening

The Cabinet of Ministers of Ukraine has adopted a resolution establishing an Interdepartmental Commission on Foreign Direct Investment Screening. The decision aims to introduce a mechanism for assessing the impact of foreign direct investment on Ukraine's national security under martial law.

"The launch of the foreign direct investment screening mechanism will allow the state to assess potential risks to national security in a timely manner and adopt reasoned decisions on attracting capital to strategic sectors of the economy. This is an important step towards protecting public interests and creating a secure investment environment. The Interdepartmental Commission shall submit proposals and recommendations to the Government of Ukraine, ensure the transparency of the assessment and analysis of foreign investments, and prevent potential opportunities for unilateral decision-making and lobbying of individual sectoral interests. This practice is in line with the policy of EU countries," said Oleksii Sobolev, Minister of Economy, Environment and Agriculture of Ukraine.

The draft resolution provides for the approval of the Regulations on the Interdepartmental Commission and its composition. The Minister of Economy, Environment and Agriculture of Ukraine, and the First Deputy Secretary of the National Security and Defense Council of Ukraine have been appointed co-chairs of the Commission. The adoption of the resolution is intended to ensure the operational coordination of state authorities in assessing the impact of foreign direct investment on Ukraine's national security.