The Verkhovna Rada of Ukraine prolonged the moratorium on sale of farmlands

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The Verkhovna Rada of Ukraine prolonged the moratorium on purchase and sale of lands of agricultural purpose till January 1, 2010.

As transfers "Interfax - Uraina", for introduction of the relevant situation to the governmental agrarian anti-recessionary law adopted today as a whole, 347 People's Deputies voted.

In Ukraine the moratorium on purchase and sale of the farmland formally works till January 1, 2009. However the law on the state budget-2008 contains norm that for moratorium removal necessary to accept a number of laws which regulate the market of farmlands.

In the memorandum of the economic and financial policy, coordinated by the government and National bank of Ukraine with the International Monetary Fund, the power of the country declared intention in the short term to create the working market of farmlands.

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