As Ukraine continues political turmoil with Russia, the nation is readying to adopt a groundbreaking state aid regulatory system by 2017.
The Law of Ukraine on State Aid was adopted last July and, according to reports, the legislation is unlike anything else that has existed for the nation before. The bill introduces a new regulatory system, to be headed by the Anti-Monopoly Committee of Ukraine, to scrutinize state aid in the context of its competitive effects on markets.
Reports also say the new law will require new state aid to be notified to authorities. But experts note certain elements of the framework that are missing, including guidance as to what constitutes state aid, methods to recover illegal state aid and additional procedures for notifying state aid to competition authorities. These matters, reports say, will be taken on by lawmakers in the months and years heading up to 2017.
Earlier this year the European Commission considered an agreement with Ukraine in the form of state aid, a move that earned criticism and claims that the EU was looking to earn loyalty from Ukraine over Russia.
Full content: Kyiv Post
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Qualcomm Challenges Arm’s Market Power in Antitrust Complaints Worldwide
Mar 26, 2025 by
CPI
Judge Partially Dismisses Investor Suit Against Google Over Ad Practices
Mar 25, 2025 by
CPI
UK Watchdog Scrutinizes Ticketmaster’s Dynamic Pricing Amid Oasis Ticket Controversy
Mar 25, 2025 by
CPI
Democratic Senators Urge White House to Seek Congressional Approval for TikTok Deadline Extension
Mar 25, 2025 by
CPI
Spain’s Antitrust Authority Probes Generali and Sanitas Over Competition Concerns
Mar 25, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Mobile Ecosystems
Mar 24, 2025 by
CPI
Mobile Ecosystems: An Intellectual Entelechy but A Necessary Model
Mar 24, 2025 by
Alba Ribera Martinez
Creating Contestability and Fairness in Mobile Ecosystems: The Contribution of the DMA
Mar 24, 2025 by
Damien Geradin & Daniel Mandrescu
Digital Ecosystems and the Not (Yet) As Efficient Competitor Principle
Mar 24, 2025 by
Thomas Hoppner & Philipp Westerhoff
Assessing the Competition Law Scrutiny of Smart Wearables and Mobile AR/VR Devices
Mar 24, 2025 by
Kayvan Hazemi-Jebelli