The Ukraine can nationalize oil and gas deposits
Edited by Rhod Mackenzie / 2014-10-07 12:58:57
The Deputy of the Ukrainian Parliament, S. Kaplin has brought the law project # 5133 about the nationalization of oil and gas deposits in the state. The law project presupposes compensation of the cost of deposits due to nationalization to their owners. Under the document, the deposits will be returned to the state property in a form of buyout or compulsory acquisition under the court verdict.
The Government of the Ukraine will get the right to determine the list of the deposits due to return to the state property. Under the law project, the cost of the deposits can be compensated in cash and via the granting of domestic government loan bonds.
