Banished political parties compelled to submit financial disclosures, reasons detailed by NAPC

In Ukraine, several political parties have faced administrative penalties for failing to submit their financial reports, as outlined in Article 212-21 of the Code of Ukraine on Administrative Offenses (CUoAP).

The penalties for non-compliance range from 5,100 to 6,800 UAH, a significant sum that includes parties such as 'Opposition Platform - For Life', 'Communist Party of Ukraine', and 'Sharij Party'.

This reporting is crucial for the procedure of terminating a party's activities as a legal entity, according to the National Anti-Corruption Bureau (NABU) and the National Agency for Prevention of Corruption (NACP).

Political parties, even those banned, are required to submit their financial reports until their complete liquidation. The ban on a party's activities initiates the procedure for its termination as a legal entity, but until the entry into the Register of the record of termination of a political party's activities as a legal entity, it retains its defined legal capacity.

Despite the ban, political parties continue to retain their status as legal entities, along with their corresponding rights and obligations. This means they are still subject to reporting to NACP about their property, income, expenses, and financial obligations.

It is essential to note that these penalties are not criminal penalties, nor are they taxable minimum incomes for citizens. Furthermore, the ban on a party's activities does not restore the possibility of conducting activities.

The ban also entails corresponding legal restrictions, particularly participation in elections. Creation and cessation of a political party's activities is a complex and lengthy legal process.

NACP emphasises that it ensures no one hides or uses property and funds illegally, even if they are state funds. Over 130 political parties have not submitted reports for the II quarter of 2025, according to NACP.

Failure to submit reports by a banned political party does not reverse the ban on their activities. After the entry into the Register of the record of termination of a political party's activities as a legal entity, its activity is considered finally terminated, including it is no longer a subject of reporting to NACP.

In conclusion, it is imperative for political parties in Ukraine to comply with the reporting requirements to avoid administrative penalties and maintain transparency in their activities.

Banished political parties compelled to submit financial disclosures, reasons detailed by NAPC