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Parliament prohibits arrest of international financial institutions’ funds for investment projects

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The Parliament of Ukraine supported bill #6578 on the prohibition of freezing the funds of international financial organizations allocated for investment projects in the areas of heat and water supply. 259 members of parliament voted in favor of the bill, broadcast live by the Rada TV channel.

The bill was presented by a member of parliament from the Samopomich faction, the deputy head of the parliamentary committee on construction, city planning and public utilities Olena Babak.
“Let us consider these conceptual changes to the second reading. The bill was enhanced with  definitions of the terms “special accounts for credit funds”, and also with sources of income that will be found in such accounts – it is set that, apart from funds from international financial organizations, it could be funds from overseas financial and credit institutions or funds attracted in accordance with intergovernmental treaties, or credit loans, or funds attracted by the state or the subjects of managaement within the identified sectors, under government or local securities.

The Ukrainian parliament voted in support of the bill as a basis in March of the current year by 238 votes of lawmakers.
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