President addresses members of Verkhovna Rada
Ukraine’s President, Volodymyr Zalensky, called for the people’s deputation to pass two bills on the land market and banks needed to obtain international financial support. The guarantor is expected to adopt these laws during an extraordinary meeting of the Verkhovna Rada on 30 March.
Zelensky said that in the event of a failure to vote for these bills “there will be a risk of economy deterioration and even default.” Furthermore, the President said that in recent weeks, the President’s Office and the Cabinet of Ministers have done everything in their power and agreed to financial support for Ukraine.
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Earlier we wrote that Verkhovna Rada adopted a law in support of credit consumers. Therefore, by the end of April this year, penalties for late payments on consumer loans were canceled, and banks were barred from raising rates. The bill provides that for consumer delays, in the case of non-fulfillment of obligations (including delays in the fulfillment of obligations to pay payments) by the consumer from March 1, 2020 to April 30, 2020. The creditor is free from liability.
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