Policy Progress: Parliament Passed in the First Reading the Draft Law on Restoration of Lending

On May 17, the Verkhovna Rada of Ukraine passed in the first reading Draft Law #6027-d “On Amendments to Certain Legislative Acts of Ukraine regarding Restoration of Lending”, which is aimed at increase of the volume of lending to the real sector of economy and making credit resources more affordable.

Adoption of Draft Law #6027-d will introduce a powerful legislative framework that will ensure descent protection of creditors’ rights and resumption of lending, will be beneficial both for consumers and creditors, protecting financial services’ consumers from violation of their rights, that in turn is supposed to increase Ukraine’s investment potential.