Головна сторінка
/
Новини
/

Rada Passes Law Asking President To Payback ~USD 2 Bln In Lost Soviet Savings.

Rada Passes Law Asking President To Payback ~USD 2 Bln In Lost Soviet Savings.

17 March 2008

The Verkhovna Rada passed a draft law yesterday demanding the government use profits from the Kryvoryzhstal (KSTL: BUY) sale to payback ~USD 2 bln in debts owed by Sberbank, the Soviet Union’s saving bank. The draft was initiated by the leaders of the Ne Tak opposition block and passed with 275 votes. The Party of Regions, Communists, and Yulia Tymoshenko block all voted in favour of the law.  Concorde Capital: These funds were originally set aside by the President to be used on investment projects, and we strongly doubt Yushchenko will sign this bill. The bill calls for the 2006 budget to be altered to payback these loans and would send inflation through the roof. This was clearly a move by the opposition to gain popular support for the elections.

Останні новини

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...