Persons recognized as oligarchs by the Anti-Corruption Bureau will no longer be prohibited from financing political parties and demonstrations

Persons recognized as oligarchs by the Anti-Corruption Bureau will no longer be prohibited from financing political parties and demonstrations.

As Anri Okhanashvili, the chairman of the Legal Affairs Committee, said during the discussion of the amended version of the draft law on de-oligarchization, the recommendation of the Venice Commission has been taken into account and prohibitive norms have been removed from the draft.

The only prohibition that will apply to persons recognized as oligarchs will be their participation in the privatization process.

"Articles 10 - 11 of the draft law were related to the ban on the financing of political parties, elections or other campaigns and demonstrations. Here, the Venice Commission saw the possible risks of violation of rights, that if the oligarchs were prohibited from this right, it would be an improper restriction of the right. Therefore, we removed the mentioned issue from the draft altogether. In other words, if a person is known as an oligarch, it will be possible to implement the relevant financing and there will be no restrictions in this direction," said Anri Okhanashvili at the session of the Parliament's Legal Affairs Committee.