• Українською
  • Government expands Affordable Loans at 5-7-9% program and imposes a duty on import of electricity and coal from Russia
    Communications Department of the Secretariat of the CMU, posted 18 March 2020 16:30

    The Government at its sitting on March 18 endorsed a series of economic decisions.

    The Cabinet of Ministers of Ukraine has expanded the state program "Affordable Loans at 5-7-9%" initiated by the President of Ukraine Volodymyr Zelenskyy, and from now on more participants can join the said program.

    The adopted resolution stipulates for:

    increase of the maximum loan amount from UAH 1 million 500 thousand to UAH 2 million;

    expanding the investment objectives for which loans can be allocated, in particular, for the purchase of non-residential property, replenishment of working capital. The new rules envisage granting of a credit to a franchise business;

    softening of the condition of resumption of interest compensation in case of repayment by the enterprise of the debt without carrying out the restructuring procedure.

    "All these changes will improve opportunities of microentrepreneurs to expand their businesses, and will simplify creation of start-ups," Prime Minister Denys Shmyhal commented.

    Apart from that, the Government approved a decision to introduce a special duty on imports of electricity and coal from the Russian Federation.

    "It is proposed to introduce a special duty from April 1 2020, at the rate of 65% for electricity and all types of coal, except anthracite and coal of rank K , for the energy and metallurgical industries," Minister of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko said.

    The Government has also approved a bill designed to ensure uninterrupted delivery of food to the Armed Forces of Ukraine and Ministry of Internal Affairs of Ukraine in 2020.

    Government expands Affordable Loans at 5-7-9% program and imposes a duty on import of electricity and coal from Russia