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The Cabinet approved the approach of state banks

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The decision specifies the main objectives and directions, introduced the monitoring of potential threats to national security of Ukraine and measures to neutralize them.

The government approved the main (strategic) activities of public sector banks for the period of martial law and economic recovery after the war. This is stated in order No. 356-r.

It was noted that the main priorities of the activities of public sector banks are funding:

  • business entities and populations affected by the armed aggression of the Russian Federation and / or to prevent such aggression by them, especially to meet the needs of the Armed Forces of Ukraine and other military formations;

  • the agricultural sector to provide the country with food, including the handling of a sowing company, including related industries that ensure the functioning of agricultural enterprises (suppliers of fuel, fertilizers, seeds, products plant protection, etc.);

  • businesses (objects) of critical infrastructure;

  • food industry, food retail and related industries aimed at providing food to the population;

  • funding of infrastructure projects aimed at restoring/developing social, transportation and critical infrastructure facilities, including those damaged/destroyed as a result of fighting during martial law;

  • the country’s transportation and logistics infrastructure and projects related to the development of new logistics solutions;

  • support for the relocation of businesses located in regions of Ukraine / areas of active combat during martial law;

  • production capacities for replacing the import of products imported from the Russian Federation and/or Belarus.

Recall that Ukrainian banks received 10.1 billion hryvnia losses due to the formation of reserves for predetermined risks of war.

Recall that Ukraine has introduced a guarantee of 100% on bank deposits for the period of martial law.

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Source: korrespondent

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