ILI Chairwoman spoke on Espreso TV about investment screening and cleansing Ukraine`s economy of Russian capital

The invasion of an aggressor state into another country begins with capital, which, through financing, creates favorable conditions for open armed intervention. This was stated by Tetiana Khutor, Head of the Institute of Legislative Ideas, on the air of Espreso TV.

According to the expert, Russian capital systematically undermined Ukraine’s resilience for years and captured strategic sectors of the economy. One example is the Demurynskyi Mining and Processing Plant, a titanium producer in Nikopol, which prior to its seizure was owned by Russian businessman Mikhail Shelkov. Ukrainian titanium was supplied to Russia and used in the production of components for Kalibr missiles, Su-35 fighter jets, and Ka-52 helicopters.

“Ukraine has had a painful experience since 2014, when Russian money negatively affected its economy and the socio-political attitudes of its citizens. Russian assets in Ukraine’s economy are corrosive capital that can be used to destabilize the country from within,” Tetiana Khutor added.

She noted that the investment screening bill is intended to stop and prevent in the future the entry of Russian businessmen who would undermine the country from within and place it in economic and political dependence on Russia. Moreover, such an instrument is widely used around the world, including in the United States, the United Kingdom, and the EU.

“It is extremely important to introduce a screening system that does not exist merely for formality, but becomes a real tool for protecting our national security. It is necessary to track the origin of funds and the potential investor’s links to Russians,” the Head of the ILI emphasized.

The full recording of the broadcast can be watched here: