Ukraine

cross-posted from: https://rss.ponder.cat/post/210211

The G7 ambassadors to Ukraine have welcomed the adoption of a law reforming the National Agency of Ukraine for Finding, Tracing and Management of Assets Derived from Corruption and Other Crimes (ARMA).

Source: G7 Ambassadors’ statement on X (Twitter), as reported by European Pravda

Details: The G7 diplomats stated that implementing the ARMA reform law is "key for an independent asset recovery system to enhance Ukraine’s anti-corruption efforts and generate revenue".

Quote: "Sustained progress on reforms remains essential for Ukraine’s Euro-Atlantic integration."

More details: On 18 June 2025, the Verkhovna Rada adopted the law, introducing new requirements for ARMA’s head, a selection process involving international experts, a transparent asset management mechanism and oversight of asset transfers.

The bill passed its first reading on 12 February 2025. The government had emphasised its urgency to meet European Union requirements.

Background:

As part of the Ukraine Facility plan, Ukraine committed to approving the ARMA reform law to enhance its institutional capacity.The law’s adoption was a condition for unlocking €16 million in EU financial assistance.

Support Ukrainska Pravda on Patreon!

From Ukrainska Pravda via this RSS feed