Ukraine’s Cabinet of Ministers abolished more than 27,000 sanctions that were applied against citizens, enterprises, and organizations engaged in foreign economic activity. The government adopted the relevant decree № 1180 on December 4, but it began to operate on February 3, as the document shows.
"To abolish the effect of special sanctions applied to the subjects of foreign economic activity and foreign economic entities in accordance with Article 37 of the Law of Ukraine "On foreign economic activity" until February 7, 2019," stated in the decree.
According to the Ministry of Economic Development, Trade, and Agriculture, this decision provides measures aimed at currency liberalization in accordance with the law of Ukraine "On currency and currency transactions."
As we reported earlier, Ukraine expects to receive 500 million euros of macro-financial aid from the European Union in the first quarter of 2020 as Prime Minister Oleksiy Honcharuk stated during the joint briefing with Valdis Dombrovskis, the Executive Vice President for an Economy that Works for People.
“We expect that this tranche will be provided in the first quarter of this year,” Honcharuk stated.
Besides, the PM added that today the Ukrainian delegation got the confirmation from the EU that Ukraine fulfilled all conditions for the provision of the tranche.