Ukrainian parliament approves restructuring of commercial foreign state debt

"The Ukrainian parliament has only just now demonstrated to the coalition government, all fractions and groups, that we are a reliable government partners," Verkhovna Rada Speaker Volodymyr Groysman said, commenting on this decision. Besides, the deputies supported with 340 votes revisions to the 2015 state budget on raising social standards by about 13% already from September 1 instead of the planned timeframe for starting on December 1. This was possible thanks to the agreements with creditors. The package of laws on restructuring includes amendments to the Tax and Budget Codex, and also to the law on securities and the stock market for the issue of new instruments - state derivatives. Finance Minister Natalie Jaresko said that these bills were already agreed upon with the special creditors' committee.