Czech Prime Minister Andrej Babiš announced that he has placed all his shares in the Agrofert holding company into a private trust fund named RSVP Trust. This decision comes after receiving approvals from regulatory authorities in three EU member states, fulfilling his obligations under conflict of interest laws. Babiš emphasized on social media that he no longer has any influence or benefit from Agrofert, claiming to have complied fully with both Czech and European laws regarding conflicts of interest.

The transfer of shares to the trust fund was a requirement that Babiš needed to fulfill within 30 days of his appointment as Prime Minister, which was effective from December 9. He had previously indicated that he was awaiting regulatory approvals from various EU countries for this process. The RSVP Trust has subsequently stated its responsibility to manage the shares properly for the benefit of the designated beneficiaries, asserting its role in preventing any potential conflicts of interest from arising.

This move is significant in the context of Babiš's political career, as it aims to address ongoing scrutiny regarding his business interests and political responsibilities. The successful placement of shares into the trust fund may alleviate some concerns over conflicts of interest in his leadership role, but it remains to be seen how effective this action will be in maintaining public trust and adherence to legal standards moving forward.