Rada votes to reaffirm simplifying review of IMF-required banking law

Ukraine’s parliament voted to reject at its Apr. 24
special session four draft resolutions that attempted to cancel a special bill
that allows for reviewing bill amendments under expedited procedure. Now the
special bill can be signed by president after it was approved on Apr. 16 to
allow for an expedited review of legislation in the session hall if MPs
overloaded a particular bill with more than 500 amendments and the Rada
approved its expedited review. This special bill was approved to make it
possible to vote for the IMF-required banking resolution bill(the so-called anti-Kolomoisky bill), which was inundated with more than 16,000
amendments, which would have required five months of review under the standard
procedure.

Alexander Paraschiy: So far, plans are moving forward to approve the anti-Kolomoisky bill
as soon as possible, this or next week. If the bill is approved and MPs gather
again to vote against draft resolutions to cancel the bill’s approval (no
doubt, such resolutions will be submitted by Kolomoisky-aligned MPs), the
anti-Kolomoisky bill can be signed in one-two weeks, which will likely pave the
way for Ukraine to get a new loan deal with the IMF. While there is a risk to such a scenario (with more creative forms of sabotage from the Kolomoisky
side), we believe this to be the base case for future developments.