In “the Servant of the people” explained the need for the adoption of the law on banks

В "Слуге народа" объяснили необходимость принятия закона о банках

One of the reasons for the adoption of the law – the threat of default

The head of the “servant of the people” David Arakhamiya explained the purpose of the adoption by the Verkhovna Rada of the law on banks. He said this at Efir program “Freedom of speech with Savik Shuster” on the channel “Ukraine”, RBC-Ukrina.

According to him, and receiving a tranche from the International monetary Fund (IMF) and the law about banks are bad decisions. However, they need to be taken in connection with the threat of default.

“Of course, both solutions are in General bad. Again to ask money from IMF in order to increase the country’s debt, to fight the coronavirus. But if the economy is sick today, assume a coronavirus, the IMF is our ventilator (artificial lung ventilation, – ed.)… Let’s tell the truth. Yes, it can be a bad decision, but it is the only right decision for the sake of which “cave” and vote this law,” said Arakhamia.

According to the Deputy, the banking act applies not only to “PrivatBank” and other financial institutions that were deemed insolvent.

“Indeed, there are a lot of questions. The law in General about all banks, it is not about “PrivatBank”. And of the 105 banks cannot be assumed that all 105 of bankers or owners of Ukrainian banks were scams. It’s impossible to assume, that the theory of probability is unacceptable. Accordingly, there were some people who were honestly banking and somehow created the conditions under which they were forced to become insolvent and go into liquidation. Here the reasons can be many. Further, the country lives in debt and debt baggage in the country grew. When he reached a certain peak and superimposed crisis circumstances – everything started to crumble. Now basically we do anti-crisis measures”, – he added.

We will remind, on March 30, 2020, the Verkhovna Rada of Ukraine adopted the draft law on banks (No. 2571-d) in the first reading. The law is a prerequisite for the new cooperation program with the IMF.