Arseniy Yatsenyuk: Government has arrested USD 1.3 billion of assets possessed by the former regime

The Ukrainian Government arrested the assets of the former regime worth USD 1.3 billion, "And due to the approved yesterday law on distant proceedings we are following the path of arrests of additional assets in possession of the former regime," announced Prime Minister of Ukraine Arseniy Yatsenyuk on Friday, January 16, during An Hour of Questions to the Government at the Verkhovna Rada of Ukraine.

Moreover, the PM stressed that the package of laws submitted by the Government and supported by the Parliament in the end of last year, envisages, in particular, the reforms to combat corruption in the coal and energy sector, "For the first time in the history of Ukraine we have removed 2 billion dollars of subsidies, which used to be stolen from the coal industry. And a significant portion of the funds was sent to cover the social needs and to finance not only defence purposes, but education, hospitals, to finance the possibility for the country at war and the country, which lost 20% of its economy, to live and form the basis for further economic growth."

"If our predictions prove correct and Ukraine will continue to follow the path of economic and political reforms, and we will have appropriate support of our Western partners - this will create preconditions for stabilization and economic growth", said Arseniy Yatsenyuk.