The Law presents a new version of the Law "On Amendments to the Law of Ukraine "On Ratification of the Nationwide Mineral Resources Base Development Program of Ukraine for the Period till the Year 2010" as the Law "On Amendments to the Law of Ukraine "On Ratification of the Nationwide Mineral Resources Base Development Program of Ukraine for the Period till the Year 2030."
The amendments prolong the Program till the year 2030, assess the general state of mineral resources base of Ukraine, and set its directions as to the types of raw materials, mechanisms, stages and expected results of its implementation, calculation of funding, and measures to be taken.
Pursuant to the document, the primary purpose of the Program is to meet the national economic needs in the mineral resources sphere at the expense of the domestic mineral extraction, decrease of dependence on the import of mineral resources, and increase of the export capacity of Ukraine due to the extraction of domestic mineral resources that are of great demand in the global market.
The draft is registered under Reg. No. 7360.