About past, present and future of Ukraine

Search mobile

Main Business The European Commission has initiated an analysis of Ukraine's legislation regarding the freedom of movement of capital and payments

Business

The European Commission has initiated an analysis of Ukraine's legislation regarding the freedom of movement of capital and payments

336
The European Commission has initiated an analysis of Ukraine's legislation regarding the freedom of movement of capital and payments

Share this article

The European Commission has commenced an official screening of Ukraine's legislation concerning Chapter 4 negotiations on "Freedom of Movement of Capital," as reported by RBC-Ukraine citing the NBU press service.

According to the press service, the screening involves analyzing the national legislation of the candidate country for EU accession and its alignment with EU law.

Under this negotiating chapter, the conformity of Ukrainian legislation to the following areas of EU law is being assessed:

• Freedom of movement of capital and payments

• Payment systems

• Counteraction to money laundering and terrorist financing

 

odessajournal 0

 

The screening process consists of two stages:

• Explanatory meetings, during which representatives of the European Commission explain key EU legislation and address questions from candidate countries.

• Bilateral meetings, where the candidate country presents an assessment of the alignment of its national legislation with EU law and outlines plans for further implementation of EU legislation to achieve EU membership.

 

odessajournal 1

The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...