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Zelensky enacts Defense Council decision on Economic Security Strategy until 2025

Source : 112 Ukraine

One of the provisions is the preservation of the institutional independence of the National Bank and the Antimonopoly Committee of Ukraine, and their independence in implementing tasks within their powers
11:39, 12 August 2021

President's press service

By his decree #347/2021, President Volodymyr Zelensky put into effect the decision of the National Security and Defense Council on Economic Security Strategy until 2025. This was reported by the press service of the President's Office.

"Ukraine's national interests are the sustainable development of domestic economy, country's integration into the European economic space and development of equal mutually beneficial economic cooperation with other states," the statement said.

One of the provisions is the preservation of the institutional independence of the National Bank and the Antimonopoly Committee of Ukraine, and their independence in implementing tasks within their powers.

The strategic course in economic security has two interrelated areas: development and security.

In the security sphere, the challenges related to the armed aggression of the Russian Federation and the temporary occupation of part of Ukrainian territory play an important role.

The strategy sets task to ensure resistance to external and internal challenges and threats, to preserve and develop the country's economic power, and to guarantee Ukraine's economic independence and ability to protect national economic interests, in particular in the high-tech sphere.

Related: Zelensky urges parliament to adopt anti-corruption strategy

The document also provides for compliance with critical limits and targets in the main components of economic security. The level of these critical limits should be constantly monitored and decisions that would lead to economic security indicators going beyond these limits must not be allowed.

The strategy should result in creation of a stable, competitive, socially responsible market economy and conditions for advanced development of the scientific and technological potential of the country, sustainable growth of national wealth and factors of production; achieving the goals of sustainable development of Ukraine for the period up to 2030, the standard of living of the population inherent in economically developed countries.

Ukraine's government also passed energy security strategy by 2025. Read here what it provides for.

Related: Government approves Ukraine's foreign policy strategy

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