Arseniy Yatsenyuk believes the Parliament to stir up considering the bill on the return of foreign currency from foreign accounts

Prime Minister of Ukraine Arseniy Yatsenyuk expressed hope that the Ukrainian Parliament will expedite the revision and adopt in the second reading a government bill, which allows the return to Ukraine of foreign currency, being in foreign accounts, and take another step towards the stabilization of the national currency. The Head of Government said at a Cabinet’s meeting on Wednesday, March 4.

He reminded that adopted by the Verkhovna Rada in the first reading draft amendments to the Law of Ukraine "On the procedure of effecting transactions in foreign currency" regarding currency regulation and currency control" affords to ensure returning of foreign currency to Ukraine - “billions of dollars that remained abroad – and, thus, to stabilize the currency situation."

The Prime Minister expressed gratitude to Minister of Finance of Ukraine Natalia Jaresko for she could have managed “throughout two days to finally persuade the members of Parliament, at least in first reading, to vote for this law”.

According to Arseniy Yatsenyuk, the Government is doing everything in power to settle the monetary situation, "We as the Government have few tools, how to influence the rate of the national currency, as it is an exceptional competence of the National Bank of the country, but we do everything we can to help. Including through a legislative initiative called to reduce the terms to carry transactions in a foreign currency, which provides an opportunity to return the foreign currency being saved in foreign accounts back to Ukraine, and thus we can take another step to facilitate the stabilization of the national currency".

Moreover, Arseniy Yatsenyuk reminded that on March 3 he had held a conversation with the Secretary of the Treasury of the United States of America, "We expect a positive decision of our international partners to grant a financial assistance and to allocate the first tranche to ensure stabilization of the Ukrainian economy by the International Monetary Fund".

"All preliminary actions envisaged by our cooperation program with the International Monetary Fund, as always, have been taken by the Ukrainian Government. Therefore, we expect the IMF Board of Directors will summon their meeting on March 11, and as soon as possible, following a positive decision, we will be able to obtain additional financial resources, capable to stabilize both the national currency and public finance", stressed the Head of Government.