Zelensky signs law banning foreclosures on foreign currency mortgages.


Ukraine and world news. Ukrinform brings the latest news, daily news, political news, business news, social news, cultural news, sports news, international news


Ukrainian President Volodymyr Zelensky has signed the law introducing amendments to certain legislative acts concerning the moratorium on foreclosures on foreign currency mortgages, the presidential press service has reported.

The document extends until April 21, 2021 a moratorium on the foreclosure of the property of Ukrainian citizens and prohibits the recovery of property(property rights)if it is used as a permanent residence of the borrower or is unfinished housing.

According to the report, the moratorium was extended due to the situation in which borrowers found themselves due to the devaluation of the national currency since 2008, and, as a consequence, their inability to repay foreign currency mortgage loans at the current exchange rate.

The law also prohibits the foreclosure of other property(property rights)under mortgage agreements from persons who have to make payments under foreign currency loans.

According to the report, the law will help protect the property rights of citizens in view of the deterioration of their financial situation due to an outbreak of coronavirus disease and will provide support to Ukrainian citizens who have outstanding obligations under loan agreements in foreign currency.

The Verkhovna Rada adopted the law on September 16.


Новини по темі

Ukraine's Tax Service collects more taxes than planned.

In November alone, the VAT target was exceeded by 11.5%.

Ukraine’s minimum wage to increase in Jan and Dec next year.

The minimum wage in Ukraine will rise to UAH 6,000 from January 1, 2021 and to UAH 6,500 from December 1, 2021.

Verkhovna Rada ratifies agreement with EIB on Ukrenergo loan.

The Verkhovna Rada, Ukraine's parliament, has adopted a law ratifying the guarantee agreement between Ukraine and the European Investment Bank(EIB), which creates legal grounds for using a EUR 136 million loan to implement National Power Comp...

Customs Service exceeds budget revenue target in Nov.

Receipts from customs clearance in November 2020 grew by 18.2%.

PM Shmyhal: Expenditures on healthcare projected at UAH 161B in 2021.

Expenditures on the healthcare sector have been projected at UAH 161 billion in the state budget for 2021.

Zelensky signs law on functioning of state agrarian register.

President Volodymyr Zelensky has signed the law on the functioning of the State Agrarian Register, which will simplify the provision of targeted state support for agricultural producers, the president’s press service reports.

Ukraine cooperates with Sweden in digital transformation sector.

Vice Prime Minister - Minister of Digital Transformation of Ukraine Mykhailo Fedorov met with representatives of the Swedish business community.

Experts elaborate on prices amid lockdown – forecast.

Prices of food products will grow by 4% on average over the year, KSE experts say.

Verkhovna Rada amends law on concession

The Verkhovna Rada of Ukraine approved at second reading and as a whole the bill on postponing the introduction of the Electronic Trading System(ETS)for concession tenders until September 1, 2021.

Hryvnia weakens to U.S. dollar on Dec 2

The rate against the euro is fixed at UAH 34.22 per euro.