Zelensky approved changes to legislation on procedure for financing political parties

Source : 112 Ukraine

Both individuals and organizations can donate to support a party
19:55, 13 January 2020

112 Agency

President of Ukraine Volodymyr Zelensky approved amendments to the legislation regarding the procedure for financing political parties. The president signed the relevant law No. 410-IX on January 13.

According to the changes, иoth individuals and organizations can donate to support a party ; if this is an individual, then the way to transfer funds foresees identification of a person. In particular, the document should contain the name of the person, place of residence, identification number, number and series of the Ukrainian passport, date of birth and payment purpose.

The bill determines what funds are not considered contributions to a political party.

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It is forbidden to pay contributions to support the party to legal entities in which at least 10% of the capital or voting rights belong directly or indirectly to non-residents. Other parties cannot finance political forces.

If a person transferred money to a party in violation of restrictions, he will be responsible. Parties and their authorized representatives have been relieved of responsibility for such violations.

The bill updates the financial statements of political parties.

The obligation of banks to inform the Accounts Chamber about the opening and closing of party accounts is canceled (but National Agency for Prevention of Corruption will need to be reported, as before).

The National Agency for the Prevention of Corruption (NAPC) was tasked with defining the terms "sponsorship", "third parties" in the context of financing political parties.

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Some norms of the law will take effect the day after its official publication, others - from January 1, 2021.

As we reported earlier, President of Ukraine Volodymyr Zelensky signed Law No. 431-IX on the right of people with disabilities due to participation in Anti-terrorist operation (ATO) in Donbas, Joint Forces Operation or military conflicts in other countries, as well as volunteers to receive assistance in medical facilities of the Ministry of Defense, Security Service of Ukraine, foreign intelligence, the Ministry of Internal Affairs, etc

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