Marina Zheynova: Lifting of moratorium on sale of land in Ukraine is IMF’s demand, which has not pulled any world’s economy out of crisis yet

The Deputy of the People’s Council Marina Zheynova commented on a statement of the representatives of Zelensky’s team about the lifting of a moratorium on the sale of land in Ukraine to a correspondent of the official website of the DPR.

ʺThe lifting of the moratorium on the sale of land is an issue, which has been under discussion in Ukraine for twenty five years. It was extended several times, and, at last, we see another populistic step of Zelensky, who announced the lifting of the moratorium.

If you look at this situation open mindedly, then you should consider the following facts. In order to lift the moratorium on land, a law on agricultural land transactions should be adopted. And it is stipulated in the Land Code that it is forbidden to buy or sell land until this law is adopted. With the introduction of the law, it is possible to carry out these transactions. If you look at figures, then you will see that 96% of land in Ukraine is agricultural land. 68% of it is owned by shareholders, and this is 6,9 million people, almost 1 million of which are elderly people,ʺ the deputy said.

Marina Zheynova noted that the lifting of the moratorium on the sale of land was a demand made by the International Monetary Fund.

ʺThe lifting of the moratorium coincides with the peak of Ukraine’s debt payments, which falls in 2019-2020, when Ukraine owes about $15 billion to its external creditors. And we remember that the IMF has not yet pulled any economy of the world out of a crisis, but often the result of such assistance was a state default,ʺ the deputy stated.

Also, Marina Zheynova listed the positive and negative aspects of lifting the moratorium on the sale of land for Ukraine and its population.

ʺThe positive aspect is that senior citizens will be able to sell their shares and receive some money. There is a chance that farmers will come to that piece of land, who will increase crop rotation. Generally, in my opinion, it is doubtful.

What are the negative aspects? If the law will be adopted with corruptive nature, then it will be beneficial only to large proprietors, who will be buying up the land on the cheap. While the population does not earn anything. Moreover, non-residents will be able to easily bypass the law by registering a resident in Ukraine. That is, foreign companies will be able to buy up Ukrainian natural resources,ʺ the deputy said.

In conclusion, Marina Zheynova presented as an example a situation in European countries, such as Belgium and Germany, where 60% of lands of agricultural designation are owned by the states. The IMF offers the opposite to Ukraine.

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