Draft Law Registered in Parliament
On September 22, 2025, the Cabinet of Ministers submitted draft law No. 14062 "On Screening of Foreign Direct Investments" to the Verkhovna Rada. The proposal introduces a state screening mechanism for foreign direct investments (FDI) in sectors of strategic importance for Ukraine’s national security and economy.
Which Investments Will Be Screened
According to the document, FDI will be subject to screening if directed at Ukrainian companies that:
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operate critical infrastructure,
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are engaged in metallic and non-metallic mineral extraction,
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develop, produce, modernize, repair, transport, utilize, or trade in military and dual-use goods.
Screening will also apply when foreign investors:
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acquire 25% or 50% stakes in such companies,
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purchase property worth more than 10% of the book value of the target’s assets.
New Supervisory Body
The draft law provides for the creation of a central executive body responsible for FDI screening and for maintaining registers of foreign investors.
It will:
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review and approve (or reject) FDI applications within 90 days,
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monitor compliance with conditions,
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collect and analyze data on investors,
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cooperate internationally on FDI issues,
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publish annual reports by June 30 summarizing FDI screening results.
Advisory Commission with Security Agencies
A collegial FDI Impact Assessment Commission will be formed under the new authority. Its members will include representatives from the:
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Security Service of Ukraine (SBU),
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Foreign Intelligence Service,
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Ministry of Foreign Affairs,
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other relevant bodies.
The Commission will evaluate documents submitted by investors, identify risks related to ownership changes, and issue decisions or refusals on FDI approval.
Strategic Importance
The law is designed to align Ukraine’s practices with European standards of investment security, especially in wartime conditions. By screening foreign capital flows in critical sectors, the government seeks to:
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protect national security,
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minimize risks of hostile takeovers,
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ensure that foreign investments contribute to the country’s defense and recovery rather than undermine it.
