Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • NFO Alert: Motilal Oswal Mutual Fund Launches BSE Midcap 150 Momentum 30 Index Fund: What Is It? Key Things To Know
    • 3 Nippon India funds rank among 1209 mutual funds in 20-year returns, Rs 10,000 SIP turns nearly Rs 2 Cr. Here’s how they compare on return, risk and category – Mutual Funds News
    • Bitcoin ETFs Saw Outflows of $2 Billion in 2 Weeks. Should You Sell?
    • Dogecoin Price as DOGE ETFs Post Second-Highest Outflows in History After Trump’s Meme Coin Disclosure
    • The Rise of Active ETFs: Can Fund Managers Outperform Passive Investing?
    • Are low-fee ETFs really better?
    • Mutual fund investor base jumps from 1 crore to 6 crore in a decade; retail commands two-thirds of AUM
    • Wesleyan launches two new with-profits funds
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Investments»OECD Warns Ukraine’s Anti-Corruption Rollback Will Jeopardize Investments
    Investments

    OECD Warns Ukraine’s Anti-Corruption Rollback Will Jeopardize Investments

    July 24, 2025


    The Organization for Economic Co-operation and Development (OECD) addressed a letter to Ukraine’s Deputy Head of the President’s Office Iryna Mudra, warning Kyiv that the attack on anti-corruption agencies will negatively affect defense investments in Ukraine and reconstruction financing. 

    Ukraine is about to become an OECD member, joining the platform that sets the international standards and guidelines for development cooperation and provides analysis for policymaking globally. 

    JOIN US ON TELEGRAM

    Follow our coverage of the war on the @Kyivpost_official.

    Ukraine’s media outlet European Pravda obtained the letter, reporting on the event on Wednesday, on the second day that Ukrainians defied a wartime ban on demonstrations to protest against the government’s decision to pass a controversial bill that guts the anti-graft agencies.

    Julia Fromholtz, Head of the OECD Anti-Corruption Division, expressed “deep concern about recent developments” concerning the adoption of draft law No. 12414, the media outlet wrote. 

    Passed by parliament hastily on Tuesday, July 22, the legislation removes the independent status of the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAPO), giving the Prosecutor General powers to oversee investigations, access case files, and even close cases based on defense requests.

    According to European Pravda, Fromholtz wrote that OECD will view the law’s adoption as a weakening of Ukraine’s compliance with its obligations, also jeopardizing Ukraine’s future aspirations to join the OECD. 

    Fierce Fighting Intensifies Around Ukraine’s Eastern City of Pokrovsk

    Other Topics of Interest

    Fierce Fighting Intensifies Around Ukraine’s Eastern City of Pokrovsk

    Russian forces have for months been trying to close in on Pokrovsk, a road and rail hub.

    Back in March 2023, Ukraine’s President Volodymyr Zelensky thanked the OECD for recognizing the prospect of Ukraine’s membership in the group, as Ukraine took on obligations to make the move amidst Russia’s full-scale invasion of Ukraine. 

    The law is also undermining the independence of Ukraine’s specialized anti-corruption bodies, according to the letter reported by European Pradva. 

    “If this letter reaches you after the signing of the bill, we call for further legislative changes to preserve the independence of specialized anti-corruption bodies. I urge you to consider this issue with the utmost seriousness,” Fromholtz wrote in the letter, European Pravda reported. 

    If Zelensky does not restore the independence of anti-corruption agencies, Fromholtz warned it will also jeopardize Ukraine’s prospects for joining the OECD Anti-Bribery Convention, and “undermine its credibility among international partners, including those considering investing in Ukraine’s defense sector and its long-term reconstruction,” the letter says. 

    OECD’s letter is another addition to the avalanche of warnings over anti-corruption rollback. 

    The European Bank of Reconstruction and Development (EBRD) also expressed their concerns in a post on Facebook, being Ukraine’s key investor among the international financial organisations.

    “The EBRD echoes concerns expressed by the EU, G7 Ambassadors and international partners on developments around NABU and SAPO in Ukraine. 

    The independence of anti-corruption entities is a key pillar of the Rule of Law. We will remain engaged with the authorities on this issue,” EBRD wrote. 

    Senators Jeanne Shaheen, a Democrat, and Lindsey Graham, a Republican, issued a joint statement, warning that a new Ukrainian law could roll back years of progress in fighting corruption.

    The EU’s enlargement commissioner Marta Kos expressed her dismay at a vote by Ukrainian parliamentarians in the Verkhovna Rada. And the “Group of Seven” (G7) Ambassadors for reform in Ukraine have expressed “serious concerns” about reports of mass searches at Ukraine’s National Anti-Corruption Bureau (NABU) that have led to charges being laid against Bureau personnel.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    CPP Investments Partners with EQT to Support Global Digital Infrastructure Growth

    July 3, 2026

    PE-VC investments down 3% y-o-y in June quarter

    July 1, 2026

    RGP Investments Announces that the Dissolution of the RGP Impact Fixed Income Portfolio Has Now Been Completed

    June 29, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Bitcoin ETFs Saw Outflows of $2 Billion in 2 Weeks. Should You Sell?

    July 4, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    NFO Alert: Motilal Oswal Mutual Fund Launches BSE Midcap 150 Momentum 30 Index Fund: What Is It? Key Things To Know

    July 4, 2026

    Personal Finance Published: Saturday, July 4, 2026, 18:10 [IST] NFO Alert: Motilal Oswal Mutual Fund…

    3 Nippon India funds rank among 1209 mutual funds in 20-year returns, Rs 10,000 SIP turns nearly Rs 2 Cr. Here’s how they compare on return, risk and category – Mutual Funds News

    July 4, 2026

    Bitcoin ETFs Saw Outflows of $2 Billion in 2 Weeks. Should You Sell?

    July 4, 2026

    Dogecoin Price as DOGE ETFs Post Second-Highest Outflows in History After Trump’s Meme Coin Disclosure

    July 4, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    This mutual fund scheme yielded 20.82% annual returns in 5 yrs, is this a right time to invest?

    April 28, 2025

    The Total Wine advent calendar is a holiday must-gift

    October 15, 2025

    HBM Healthcare Investments prévoit de renouer avec le bénéfice net pour l’exercice 2025

    April 1, 2025
    Our Picks

    NFO Alert: Motilal Oswal Mutual Fund Launches BSE Midcap 150 Momentum 30 Index Fund: What Is It? Key Things To Know

    July 4, 2026

    3 Nippon India funds rank among 1209 mutual funds in 20-year returns, Rs 10,000 SIP turns nearly Rs 2 Cr. Here’s how they compare on return, risk and category – Mutual Funds News

    July 4, 2026

    Bitcoin ETFs Saw Outflows of $2 Billion in 2 Weeks. Should You Sell?

    July 4, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.