The Verkhovna Rada extended the moratorium on bankruptcy of state mines

Today, on December 14, the Verkhovna Rada of Ukraine adopted in the second reading and in general the Law No.6347 of November 25, 2021, on amendments to Article 1 of the Law of Ukraine “On the renewal of the solvency of state coal mining enterprises”,  it is reported on the Rada portal.

The law extended from January 1, 2022, to January 1, 2024, for two years, the duration of the moratorium on the implementation of enforcement proceedings and enforcement measures against state coal mining enterprises, the imposition of seizures and prohibitions on the alienation of property in such enforcement proceedings, a moratorium on the initiation of cases bankruptcy of state-owned coal mining enterprises.

The draft law will affect state-owned coal mining enterprises; enterprises whose activities are related to ensuring the functioning of coal mining enterprises.

To recap, the Ministry of Energy transferred a part of the wage arrears to the miners.

Tags: The Cabinet of Ministers, coal mining, legislation, coal, debt, heating season, coal mining, The Verkhovna Rada, law, Ukraine, coal mine

Read also

США высвободило из резервов еще 40 млн баррелей нефти для сдерживания цен
Denmark's Topsoe plans Europe's largest electrolyser plant
China snaps up Russia’s Far East oil even as Covid saps demand