Covid-2019: Zelensky introduces repayment holidays for businesses

Source : 112 Ukraine

According to him, it is mostly about big loans
10:36, 17 March 2020

President of Ukraine Volodymyr Zelensky announces Cabinet’s approval of a program of repayment holidays for small and medium businesses due to the coronavirus-caused quarantine, RBC reports.

"The government is working now. Although it is difficult for us, even though we are not France and our economy is not as strong as the economies of many European countries, they have to develop a program," Zelensky said.

According to him, it is mostly about big loans.

Related: We may introduce state of emergency, If it necessary: Main thing from Zelensky’s speech on ICTV

The National Bank of Ukraine and the Ministry of Finance are working on this program. Commercial banks are also expected to support this initiative.

As we reported earlier, the head of State Fiscal Service Maksym Nefodov urged citizens of Ukraine not to panic because of the export restrictions or possible shortage of imported goods in Ukraine.

"Some panic or cause for concern that Ukrainian exporters will not be able to export their products or that we will have a critical shortage of imports are untrue. All countries, our neighbors, as well as Ukraine, understand that international flows of goods and raw materials are extremely important both for a healthy economy and for the functioning of a socially responsible business, which not only pays taxes but also cares about its employees," Nefodov said.

Related: Ukraine closes border, cancels international flights

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