The Verkhovna Rada of Ukraine adopted the Bill on Amendments to Clause 2 of the Law of Ukraine "On High Priority Measures to prevent the Consequences of the Financial Crisis, and on Amendments to Several Legislative Acts of Ukraine" (Retirement of Bonds)

19 May 2011, 16:34

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The bill (Reg. No. 8439) excludes the provision from Clause 2 of the Law "On High Priority Measures to prevent the Consequences of the Financial Crisis, and on Amendments to Several Legislative Acts of Ukraine", whereby "public bonds of Ukraine are subject to compulsory retirement by the National Bank of Ukraine, especially at the expense of the loans of a respective purpose issued by the international financial organizations, at par value within five banking days since the submittal of a retirement proposal."