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The Verkhovna Rada of Ukraine adopted a presidential bill on the prevention of threats to national security related to the excessive influence of persons of significant economic and political importance in public life (oligarchs) (№5599).

According to an UNIAN correspondent, 279 people’s deputies out of 379 registered in the session hall voted for this decision.

The law stipulates that an oligarch is an individual who simultaneously meets at least three of the following criteria:

• participates in political life; has a significant influence on the media;
• is the ultimate beneficial owner of an economic entity, which after the date of entry into force of this Law is a subject of natural monopolies or holds a monopoly position in the market and maintains or strengthens such position for one year in a row;
• the confirmed value of the assets of the person and business entities of which he is the beneficiary exceeds 1 million subsistence minimums established for able-bodied persons on January 1 of the respective year.

The decision to exclude a person from the Register shall be made in the event that the fact of non-compliance of such person is established at the same time by at least two of the features.