"Foreign investment screening mechanism will allow protecting national interests in the field of national security, as well as ensuring the development and preservation of new technologies. In addition, a transparent and effective evaluation mechanism will allow our companies to cooperate more actively with foreign investors and attract investment," Minister of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko commented on endorsement of the relevant bill by the Government, the Ministry’s press service reports.
It is noted that the bill was developed with the participation of international experts from G7. The document will define the principles of foreign investment, activities of strategic importance for the national security of Ukraine.
An interagency commission on foreign investment impact assessment will also be established to coordinate and monitor the impact of investments on Ukraine's national security.
"Given the challenges of today, foreign investment screening is a key element in protecting national security and strategic facilities. Taking into account the aspects of economic security, the Ministry, enlisting the support of the international expert community, is taking a significant step to implement a system for assessing foreign investment impact on Ukraine’s national security," the minister added.
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