The Commission for the Regulation of Gambling and Lotteries (KRAIL) in Ukraine has signed a Memorandum of Understanding (MoU) with the Gaming Control Authority of Lithuania.
Announced last week, the agreement between the two national regulatory bodies is designed to facilitate greater cooperation and information sharing.
This will likely include the exchange of knowledge and information relating to business supervision, regulatory practice and legislative enforcement, building on a relationship established last year.
“We are ready to share with our Ukrainian colleagues our experience in areas where we already have a lot of expertise and practice,” said Virginijus Daukšys, Director of the Gaming Control Authority of Lithuania.
“We are very pleased with this agreement and with the fact that our new partners are colleagues of the authority of this tenacious, unyielding and proud country.
“We hope this cooperation will be mutually beneficial and we will support and assist our Ukrainian colleagues in their needs to our best abilities and in the scope of our competence.“
In addition to information sharing on measures such as problem gambling prevention and countering illegal remote gambling operators, the regulators will also stage seminars and lectures as part of the new agreement.
Meanwhile, earlier this month, Lithuania’s Seimas (Parliamentary Assembly) sanctioned new amendments to the national Gambling Law and the Lottery & Gaming Tax Law.