UKRAINE THINKS TWICE ON GAMBLING REGULATION

1/19/11 : Finance Ministry charged with drawing up draft regulations
 
It appears from reports on Intefax that the Ukrainian Government is having second thoughts regarding the banning of gambling in the Eastern European country.
 
The report reveals that the Prime Minister, Mykola Azarov, this month tasked the Finance Ministry with drawing up draft regulations and tax proposals on gambling.
 
The relevant decree, No.12 of January 14, amends the Finance Ministry's action plan regarding the drawing up of regulatory acts for 2011, and has been posted on the Ministry's web site.
 
It was only at the end of last year that the police were given new powers to stamp out gambling following the Government's decision to ban gambling in a similar fashion to Russia.