The Cabinet of Ministers of Ukraine has changed the system of social welfare payments for temporarily displaced persons from the ATO area, following a proposal from the Ministry of Finance. This improves the system of financial support for internally displaced people (IDPs), and helps the state fully protect their rights and interests.
The Ministry of Finance regrets that for the last three months the members of the ad hoc Creditors Committee have consistently refused to enter direct negotiations with Ukraine under standard confidentiality terms.
The Ministry of Finance welcomes the provision of full access to deposits in “Kyiv Bank” for depositors, made possible through the successful transfer of assets and liabilities of the failing “Kyiv Bank” to a safe state-owned bank “UkrGasBank.” From 25 June all depositors – both physical and legal entities – will have access to their savings.
Today, the Ministry of Finance sent an updated proposal to the Ad-Hoc Committee of creditors ("Committee") in order to accelerate negotiations on the restructuring of sovereign and sovereign-guaranteed debt. This updated proposal takes into account the recent deterioration of the macroeconomic forecast under the IMF supported Extended Fund Facility (EFF) program.
At its meeting on June 17th, the Government of Ukraine adopted a new regulation that was developed by the Ministry of Finance of Ukraine to effectively combat illegal alcohol circulation, as there was an increase in the number of appeals arriving from economic entities.
At the plenary session on June 16th, the Verkhovna Rada of Ukraine heard the report of the Minister of Finance, Natalie Jaresko, on the implementation of the state budget for 2014 and the basic directions of budgetary policy for 2016.