ILI Chairwoman speaks on Pryamyi TV about the threat posed by Russian capital to Ukraine`s national security and the goals of the investment screening bill

It is critically important for Ukraine to build a robust investment screening system in order not to repeat the mistakes of 2014 and 2022, when Russian money undermined national security from within. This was stated by Tetiana Khutor, Head of the Institute of Legislative Ideas, on the air of Pryamyi TV.

As the expert noted, on the eve of the full-scale invasion, the share of Russian capital in Ukraine’s economy was extremely high – more than 18,000 Ukrainian companies had capital linked to the aggressor state in their ownership structure. However, despite legislative restrictions and bans introduced after 24 February 2022, around 100 companies managed to withdraw such capital.

“The state must regulate the issue of Russian investments already present in Ukraine before draft law No. 14062 is adopted, as it would block the entry of corrosive capital from the Russian Federation,” Tetiana Khutor emphasized.

She pointed out that Russia uses its corrosive capital to destabilize national security, which is why Ukraine must be prepared for attempts by Russian actors to invest indirectly through investors from other countries.

“We must approach investment screening carefully and develop a high-quality mechanism,” the Head of the ILI concluded.

The full recording of the broadcast can be watched here: