Ukraine adopts crucial law on Anti-Corruption Court
7 June, 2018Last Thursday, the Verkhovna Rada (Ukraine's parliament) approved at second reading the presidential bill on the High Anti-Corruption Court. This decision was supported by 315 MPs, with a required minimum of 226 votes. The law is meant to ring-fence court decisions from political pressure or bribery in Ukraine and put an end to deep-seated corruption that remains a disincentive to foreign investors. Besides, the law draft provides separate guarantees for security of judges of the independent court, as well as transparency in the recruitment of specialised judges and international experts. The establishment of the High Anti-Corruption Court is also a crucial condition for continued cooperation between Ukraine and the International Monetary Fund (IMF), and a key requirement for Ukraine to receive the new tranche from the $17.5bn support package agreed by Kyiv with the IMF in 2015. So far, Ukraine has received $8.4bn from the IMF under the lender's programme but needs more to tame the rising debt burden. At the plenary session of parliament last Thursday, the Verkhovna Rada has also supported a draft resolution on Oleksandr Danyliuk's dismissal as Ukraine's Finance Minister and a main negotiator with the IMF. The vote came after Ukrainian Prime Minister Vladimir Groisman called for the sacking of Danyliuk the day before.