President of Ukraine Viktor Yanukovych has signed into law the bill "On privatization of mining enterprises," ForUm learned from the presidential press office.

According to the law, the state will sell all its stocks and shares of mining enterprises it has now in core capitals without keeping any part in state ownership.

At the same time, the law forbids new owners to sell property of mining enterprises or to institute a case on bankruptcy for the period of first three years since the completion of the privatization process. However, such moratorium is not applied to decisions on salary payments or any other financial compensation to workers.


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