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On 7 January 2026, an online portal for submitting investment projects to the United States–Ukraine Reconstruction Investment Fund officially opened. The launch marks the Fund’s move into the operational phase and the start of its active investment activities.

Today, the Ukrainian Government has adopted a resolution establishing an Interagency Commission on the Screening of Foreign Direct Investment ("Commission). This decision of the Government aims to introduce a mechanism for assessing the impact of foreign direct investment ("FDI") on Ukraine’s national security under the conditions of martial law.

The Government of Ukraine has approved Resolution No. 1759 of the Cabinet of Ministers of Ukraine, dated 26 December 2025, which enters into force on 30 December 2025 and establishes a new procedure for the provision of marketing and promotional services related to medicinal products at the retail level (pharmacies).

Ukraine’s new Law on Public Private Partnership, which entered into force on October 31, 2025, arrives at a moment when international investors are watching the country with both interest and caution. As reconstruction needs continue to rise, Ukraine’s ability to attract foreign capital will depend heavily on whether the legal and economic environment feels predictable enough for long-term commitments. The updated PPP framework is designed to send precisely that message: Ukraine intends to create a modern, commercially oriented system capable of supporting complex infrastructure projects and blended financing models.

On 29 October 2025, the Ukrainian Parliament registered Draft Law No. 14164 «On Amendments to Certain Legislative Acts of Ukraine Regarding the Fundamentals of Implementing Small Modular Reactors (SMRs)», aimed at creating a legal framework for the development of small nuclear generation and attracting private investment in the sector.

Asters has been providing pro bono legal support for UAnimals, including advocacy for animal rights, the development of legislative initiatives, and the provision of legal protection.

On 1 September 2025, the Law of Ukraine No. 3606-IX “On Lobbying” entered into force. From now on, any activity falling under the definition of “lobbying” may only be carried out subject to prior registration in the Transparency Register, administered by the National Agency on Corruption Prevention (NACP). The Register has already been launched and is available for use here.

On 13 August 2025, the Ukrainian Government announced competitive tenders for the conclusion of Production Sharing Agreements (PSAs) concerning two oil and gas blocks in Western Ukraine: the Svychanska and Mezhyhirska blocks. These tenders are conducted in accordance with the Law of Ukraine "On Production Sharing Agreements" and in alignment with the U.S.-Ukraine agreement establishing the Reconstruction Investment Fund — commonly referred to as the Mineral Deal.

On 21 August 2025, the Parliament of Ukraine adopted a draft law No. 13219 as a basis, which proposes to improve competitive conditions for electricity production from alternative energy sources. The document aims to reform the auction model for supporting green electricity producers, which was introduced in 2019 and will come into effect in 2024 as an alternative to the green tariff.

The "e-Consul" information and communication system is one of the key pillars of Ukraine’s digital transformation in the field of consular services for its citizens abroad. The legal basis of the system is Resolution No. 945 of the Cabinet of Ministers of Ukraine, which came into full force on 01 January 2025. It defines the core stages of the system’s rollout, aimed at automating the majority of consular procedures and significantly reducing service time through integration with national registries.

Resolution of the Cabinet of Ministers of Ukraine No. 991 dated 13 August 2025 supplements the Procedure for Reserving Conscripts During Mobilisation and Martial Law with paragraph 8-1. It stipulates that critically important enterprises, whose registered location is determined and which in fact conducts activities in the territories of possible/active hostilities where the date of cessation of the possibility of hostilities (the date of termination of hostilities) has not been determined, may reserve up to 100% of their conscripted employees.

Asters at a Glance

Founded in 1995, Asters is the largest Ukrainian law firm with offices in Kyiv, Washington D.C., Brussels and London.

The Firm provides efficient transactional legal advice and represents clients on a broad spectrum of matters arising in the course of doing business in Ukraine. Asters has extensive industry-specific experience and plays a leading role in advising clients in various market sectors.

Asters’ 130-strong legal team combines world-class professionalism and quality with clear understanding of local realities so that our clients receive practically oriented advice in the most client-friendly manner. Asters’ lawyers received law degrees from the best European, Ukrainian and US law schools, including Yale, Harvard, Chicago University.

Asters has consistently remained at the top of the Ukrainian legal market throughout its history being acknowledged as Ukraine Law Firm of the Year by Who's Who Legal (2018-2022), The Lawyer European Awards (2020-2021), Chambers Europe Awards 2020 and holds top positions in the most authoritative international market reviews: The Legal 500, Chambers Global and Chambers Europe, IFLR 1000, Who's Who Legal, Best Lawyers.

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