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In a surprise switch, the Rada failed yesterday to repeal the law unblocking large-scale privatization

Wednesday, April 14, 2021

. Only 49 of the needed 226 deputies voted in favor of selling state companies estimated to be worth more than $10 million. Oddly, the Rada voted for the bill on March 30. Large state companies generally lose money, largely due to thievery by management.

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Off the books transactions account for half of Ukraine’s GDP,

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The Rada should approve reforms demanded by the IMF by July 2021, allowing for the resumption of IMF financing in September

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