Friday, January 16, 2015

Verkhovna Rada declares war on Kolomoyskiy |

The Ukrainian Verkhovna Rada has passed a bill stripping notorious business oligarch Ihor Kolomoyskiy of control over Ukrnafta, a leading national oil and gas company

Although the Ukrainian state had a majority stake (50 percent plus one vote) in the company, old legislation stipulated a 60 percent quorum for decision-making purposes. Kolomoyskiy who had a 42 percent stake in Ukrnafta was able to block any decision of the shareholders’ board.

Mustafa Nayem, a member of the ruling Petro Poroshenko bloc, called this decision revolutionary.

"A small revolution has taken place, with the parliament passing a law on reducing the quorum at general shareholders’ meeting from 60 percent plus one vote to 50 percent plus one vote. This drastically alters relations between the state and private capital at state-owned companies and ends the scheming of minority shareholders," Nayem wrote on his Facebook account.

He noted that shareholding companies with state capital would have to comply with the law immediately after it is signed, and that private companies would have to do the same starting with January 1, 2016.

The bill was initiated by MP Oleh Lyashko, who has been fighting Kolomoyskiy for about six months. Surprisingly, Lyashko was supported by the Petro Poroshenko bloc and some members of Prime Minister Arseniy Yatsenyuk’s parliamentary party.

Complete story at - Verkhovna Rada declares war on Kolomoyskiy |

CC Photo Google Image Search Source is en ria ru  Subject is rada

No comments:

Post a Comment

All comments subject to moderation.

Recommended Reading via Amazon

If you're seeking more information about how the world really works, and not how the media would want you to believe it works, these books are a good start. These are all highly recommended.

If you don't see pictures above, you likely have an adblocker running.  If so, here are the links.

1. The Shock Doctrine - Naomi Klein
2. Confessions of an Economic Hit Man - John Perkins
3. Manufacturing Consent - Edward Herman, Noam Chomsky
4. Gladio - NATO's Dagger at the Heart of Europe - Richard Cottrell
5. Profit Over People - Noam Chomsky
6. Soviet Fates and Lost Alternatives - Stephen Cohen
7. The Divide - American Injustice in the Age of the Wealth Gap - Matt Taibbi

How this works.  Follow one of the links.  Should you decide to buy that item, or any item, I get a small percentage, which helps to maintain this site.  Your cost is the same, whether you buy from my link or not.  But if the item remains in the cart too long, I don't get a thing.  
Related Posts Plugin for WordPress, Blogger...