My Land

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Land shall not be sold to foreigners so far


MyLand - 15/06/2011:


RosBusinessConsult with reference to Radio Svoboda reports that President of Ukraine Viktor Yanukovich at a working meeting in Vinnytsya said that there should be temporary moratorium on sale of farmland to foreigners.

According to Mr President, upon completion of land reform there will be an opportunity to sell land on certain conditions. But this opportunity will regard only sales inside the country; so far, temporaryly, land will not be sold to ousiders. MyLand: It is rather remarkable that there is no mentioning of temporary nature of such moratorium in the official press-release at the web-site of the President.

He also said that land reform was first of all aiming at conversion of land into marketable good. And that good will be security for loans; President said that in his opinion land as a resources shall add in value about UAH 450 billion.

Land reform will also reduce corruption in land relations.


Translated by Center for Land Reform Policy in Ukraine - 2011

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