Ukrainian govt. to provide more financial aid to private sector

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Ukraine’ Cabinet of Ministers has allocated additional 1.4 billion hryvnia (around 51 million dollars) support private entrepreneurs and employees suffering quarantine restrictions during the pandemic, local media reported on Wednesday.

The decision provide more financial support to business was made by the parliament on March 30.

According the bill approved by the parliament, entrepreneurs and employees who had suffered the quarantine restrictions during the pandemic can receive additional one-time financial aid valued at 8,000 hryvnias (292 dollars).

In December 2020, Ukrainian President Volodymyr Zelensky signed a law supporting citizens and entrepreneurs affected by the COVID-19 pandemic one-time financial aid worth 8,000 hryvnia.