Rada rejects controversial bill on foreign-currency loans restructuring

22:10, 27 January 2016
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The Verkhovna Rada has not supported President Petro Poroshenko's proposal to reject controversial bill No. 1558-1, which provides for restructuring of all consumer loans disbursed in foreign currency at an exchange rate effective at the date of an agreement signing.


A total of 101 deputies supported the president's proposal, with 226 votes required to make a decision.

At the same time, MPs failed to override a presidential veto, with only 54 deputies having supported the move.

"We are all aware that we need to help people solve their problems, and this can only be achieved through a new law. The bill has been rejected, and we have an opportunity to continue with our work on this issue," Parliament Speaker Volodymyr Groysman said.

As UNIAN reported earlier, on July 2, the Ukrainian parliament passed draft law No. 1558-1 obliging the banks to restructure all consumer loans taken for acquisition of any type of property without limitation of debt at a rate effective at the date of such agreement signing (in most cases at a rate of UAH 5.05 per dollar). A total of 229 MPs supported the bill with the required minimum of 226 votes.

Read alsoParliament adopts law on restructuring of foreign loansHowever, a draft resolution has already been submitted to parliament calling for re-vote due to violations of procedure, in particular, non-personal voting of some MPs.

In late December of 2015, Ukrainian President vetoed the bill.

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