Banking law gives green light to financial support for Ukraine - Zelensky

Ukrainian President Volodymyr Zelensky has thanked the Verkhovna Rada for passing the law on banking activity and said the decision had given the green light for Ukraine to receive billions of U.S. dollars in financial support.

The head of state said this in a video address on Wednesday, May 13.

"A meeting of the Verkhovna Rada of Ukraine took place today. I thank each of our deputies. Despite all the rumors and accusations, all the dirt, pressure, you passed a long-suffering banking law. Your decision has given the green light for Ukraine to receive important financial support - billions U.S. dollars," Zelensky said.

On May 13, the Verkhovna Rada adopted at second reading and as a whole a bill introducing amendments to certain legislative acts of Ukraine to improve certain mechanisms for the regulation of banking activity (No. 2571-d).

A total of 270 people's deputies voted for the decision.

In particular, the law will make it impossible to cancel the NBU's decision to nationalize or liquidate banks and return unfair compensation from the state budget to their previous owners.

The International Monetary Fund insisted on the adoption of this law.

op