Ukraine's parliament passes law strengthening penalties for bribery of foreign officials
Ukraine's Verkhovna Rada passed a law in its second and final reading on Tuesday, Nov. 10, implementing the country's accession to the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, Interfax-Ukraine reported.
On November 10, Ukraine's parliament passed a bill aimed at increasing penalties for bribery of foreign public officials in international business transactions, according to the source. Introduced by President Volodymyr Zelensky, the legislation is a key part of Ukraine's efforts to combat corruption and meet its commitments to join the European Union.
The bill, which received approval, seeks to enhance criminal and judicial procedures, fill legislative gaps, and improve accountability mechanisms, stated Kyrylo Budanov, head of the president's office, on social media. By passing the law, Ukraine aims to strengthen trust among its partners and bolster its efforts to comply with the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, a requirement for EU accession.
The legislation targets scenarios where foreign public officials receive bribes in exchange for favorable contracts or other advantages in international business dealings. Serhii Ionushas, the head of the parliamentary law enforcement committee, emphasized that the bill aims to address weaknesses in existing laws and strengthen the enforcement of anti-corruption measures.
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