Stabilization of situation around NBU to contribute to cooperation with EU – Vice PM Stefanishyna

The events of the past few days have shown that a management shuffle in the National Bank of Ukraine will not affect the independence of this structure, which will improve the stable interaction between Ukraine and the European Union.

Vice Prime Minister of Ukraine for European and Euro-Atlantic Integration Olha Stefanishyna said this after negotiations with representatives of the European Commission in Brussels on July 7, answering a question from an Ukrinform correspondent about the reaction of the European side to the resignation of NBU Governor Yakiv Smolii and the possible consequences for macro-financial assistance programs for Ukraine from the European Union.

“Public statements on this issue were made by both representatives of the European Union and G7 countries. At the same time, the events of the past few days have shown that the situation is under control. The National Bank was, is and will remain independent. This [stabilization] can already be observed in the financial markets. I hope that, among other things, today's discussions with EU Commissioners will contribute to further stable work in our cooperation with the EU,” the Ukrainian official noted.

As reported, on July 1, Governor of the National Bank of Ukraine Yakiv Smolii filed a letter of resignation to the President due to "systematic political pressure."

In turn, the President's Office assured that the NBU Board would continue its activities on the basis of independence and professionalism, adding that "ensuring the independence of the National Bank of Ukraine remains an unconditional priority."

On July 3, the Verkhovna Rada of Ukraine dismissed Yakiv Smolii from the post of the Governor of the National Bank of Ukraine.

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