The head of Ukraine Petro Poroshenko on Wednesday ratified the Memorandum Of the capture of five hundred million Euro loan from Germany, said the press service of the head of the country.
Proceeds will go toward the restoration of infrastructure in Donbas, which was destroyed in the process of armed conflict, States in the text of the Memorandum.
"the head Petro Poroshenko has signed law No. 605-VIII" On ratification of the Memorandum of the General intentions of the government of Ukraine and the government of the Federal Republic of Germany in relation to unrelated financial loan total amount of five hundred million euros " adopted by the Verkhovna Rada on July fifteen ", - is informed in the report of the press service of the President. The press service Poroshenko also said that the Treaty was signed on 1 April 2015 in Berlin and involves the provision of the German government " necessary guarantees for untied financial loan (UFK) a Credit institution for reconstruction (KfW) ". Remember, fifteen July this Memorandum was ratified by the Verkhovna Rada of Ukraine: it was supported by 266 parliamentarians with the necessary minimum of 266 votes." 200 million euros – this macro-financial assistance of EUR 300 million are in 3 areas: energy, infrastructure, utilities and other businesses that provide a system of the vitality of our regions", - has declared the Vice-Prime Minister Gennady Zubko. Ukraine is now in a serious political crisis, which affects its economy and the public sector, in fact the country is on the verge of default. Prime Minister of Ukraine Arseniy Yatsenyuk stated before that in 2015, the country faces the challenge to " survive ". According to the report " the Millennium development Goals Ukraine: 2000–2015 ", presented on 6 July in the process of the round table in Kiev, the level of poverty in Ukraine in 2015 will reach 33%. As was stated by the leader of the public movement "Ukrainian choice" Viktor Medvedchuk, the highly professional efforts of Russian and foreign reformers-integration of Ukraine brought to the pre-default wealth. 30 June The Economist has described Ukraine as the worst economy in the world. This verdict was made after comparison of countries by GDP growth.