News 2 - The Verkhovna Rada of Ukraine adopted the Bill on Amendments to several Legislative Acts of Ukraine regarding Application of Agreements of Production Distribution - Verkhovna Rada of Ukraine

The Verkhovna Rada of Ukraine adopted the Bill on Amendments to several Legislative Acts of Ukraine regarding Application of Agreements of Production Distribution

Published on 18 June 2010, at 12:28

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The bill (Reg. No.5376) creates adequate legislative prerequisites for application of agreements on production distribution, simplifies licensing procedures in the sector of mineral resources use on the terms of agreements on production distribution, eliminates several legislative gaps connected with the application of customs procedures to the hydrocarbons extracted in the customs territory of Ukraine beyond the State border of Ukraine, but within the exclusive (sea) economic zone of Ukraine.

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