President of Ukraine Petro Poroshenko has signed the law #2666-VIII on the extension of the moratorium on the sale of the agricultural lands until 2020 as the draft law card states.
The document provides the extension of the ban for the sale of the agricultural lands until January 1, 2020.
On January 18, 2001, the Parliament adopted law #2242-III, which defined that the owners of the land shares cannot sell, present or alienate the land plots in any other ways; however, the lands can be bequeathed or sold for the state and public needs. This decision acts temporarily, until the Land Code is adopted.
The Land Code #2768-III was adopted by the Parliament on October 25, 2001. The document established that it is forbidden to sell or alienate the lands and shares for the farm needs until January 1, 2005 (the exchange, bequeathing and confiscation for the public needs were allowed). This decision is called the moratorium on the sale of land since then. The action of this ban was extended nine times (in 2004, 2006, 2008, 2010, 2011, 2012, 2015, 2016 and 2017).
In December 2017, the MPs extended the moratorium for the sale of the land until January 1, 2019.