Bill No. 5599 "On Prevention of Threats to National Security Related to Excessive Influence of Persons Who Have Significant Economic or Political Heft in Public Life (Oligarchs)" was supported by 275 lawmakers, an Ukrinform correspondent reported.
According to the bill, an oligarch is an individual who simultaneously meets at least three of the following characteristics: 1) participates in political life; 2) has a significant impact on the media; 3) is the ultimate beneficial owner (controller) of an economic entity, which is a subject of natural monopolies or holds a monopoly position in the national commodity market in accordance with the Law of Ukraine "On Protection of Economic Competition" on the day of entry into force of this law and maintains or strengthens this position for one consecutive year; 4) the confirmed value of person's assets (and of persons whose beneficiary this individual is) exceeds one million subsistence minimums established for able-bodied persons on January 1 of the respective year.
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