Ukraine Will Open Capital Market for Strategic Foreign Investor — Draft Law
The Cabinet of Ministers has submitted to the Verkhovna Rada a draft law that lays the legal foundation for attracting a strategic foreign investor to the infrastructure of Ukraine's capital markets. This was reported by the Ministry of Economy, Environment, and Agriculture.
The document is the next step following the signing in 2025 of a memorandum of understanding between the Ministry of Economy, Ministry of Finance, National Bank of Ukraine, National Securities and Stock Market Commission, and the EBRD regarding support for integrated infrastructure of capital markets in Ukraine.
"The capital market should become one of the sources of long-term financing for the recovery and development of our economy. For this, Ukraine needs a modern infrastructure for this market — understandable to businesses, Ukrainian and international investors. The government draft law lays the legal foundation for creating a system where a strategic foreign investor and the state will work together. We expect the Verkhovna Rada to support this document, and Ukraine will receive capital market infrastructure capable of working more effectively to attract investments and economic recovery," said Oleksiy Sobolev, Minister of Economy, Environment, and Agriculture of Ukraine.
The draft law provides for the creation in Ukraine of a holding infrastructure company in the capital markets. It is to unite key elements of market infrastructure: exchange trading, clearing, settlements, and securities depository accounting.
In fact, this is a system that ensures a full cycle of securities operations: from concluding a transaction on the exchange to settlements and ownership accounting. Such infrastructure is needed so that investors can operate in the Ukrainian market under transparent and clear rules.
A strategic foreign investor is planned to be attracted through a competition. The draft law also provides for the state's participation in the new structure at a level of not less than 25%.
To implement this model, the government draft law provides amendments to the laws of Ukraine "On the National Bank of Ukraine," "On Management of State Property Objects," "On Capital Markets and Organized Commodity Markets," and "On the Depository System of Ukraine."
It is expected that the adoption of the draft law will facilitate the attraction of financial resources for recovery and reconstruction projects, the development of national capital markets, expanding access of Ukrainian market participants to the global economy, and the inflow of domestic capital.
The implementation of the draft law provisions will not require additional expenditures from the state and local budgets.
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