New Rada to be sworn in August 29
Ukraine’s new Parliament will be sworn in on August 29, Kyiv-based Dragon Capital investment bank wrote in a note to investors, citing the national legislature’s website. President Volodymyr Zelenskyy is expected to deliver his first state of the nation speech to the 424 elected lawmakers that day. As required by law, the president addresses Parliament after it appoints the speaker and two deputy speakers. A plenary session will be held on the same day as well. Since Mr. Zelenskyy’s Servant of the People party won an outright majority of 254 seats on July 21, no delays are expected regarding the formation of a new Cabinet of Ministers. A new government will likely be formed by the first week of September, Dragon Capital said.