US guided-missile destroyer collides with merchant vessel in SingaporeMilitary & Defense August 21, 8:02
Russian military aviation stamps out terrorists en-route to Syria’s Deir ez-ZorMilitary & Defense August 21, 6:47
Putin visits international jazz festival in Crimea’s KoktebelSociety & Culture August 21, 2:31
Militants launch shell on exhibition complex near Damascus - televisionWorld August 20, 15:27
Cardinal Parolin: Dialogue of Roman Catholic and Orthodox Churches to help them feel unitySociety & Culture August 20, 8:27
Polina Dibrova, mother of three, wins Mrs. Russia 2017 beauty pageantSociety & Culture August 20, 4:41
Russian emergencies ministry plane returns from firefighting mission in ArmeniaWorld August 20, 4:39
East Ukraine conflict claimed nearly 3,000 civilian lives — ICRCWorld August 20, 1:56
Renowned Russian filmmaker Andrei Konchalovsky turns 80Society & Culture August 20, 0:48
KIEV, September 1 (Itar-Tass) —— The Ukrainian government has prepared a comprehensive package of measures to prevent crises in the economy, Prime Minister Nikolai Azarov said, as he delivered a lecture in front of an audience of students at Kiev’s Taras Shevchenko National University.
"First of all, it is necessary to maintain the stability of the national currency - the hryvnia. To do this we spend currency very sparingly, keep the currency reserves at the required level, completely covering all our needs for imports,” Azarov said. “We will do everything to achieve an influx of capital into the country, thereby increasing foreign exchange reserves."
He said with certainty that in ten years’ time “the Ukrainians will be chasing the hryvnia, not the dollar."
"The stability of the lives of our citizens and the economy is based on the stability of the currency. If all goes as we expect, in ten years’ time we will be chasing the hryvnia, not the dollar, especially so because the dollar is weak," said Azarov.
He declared that the government was seriously working on a program for import substitution.
"We must stop making more debts, we must borrow in the minimal amounts. First of all, we must repay the existing debts,” the prime minister added. “Within the framework of import substitution we can keep borrowing, but we shall do this with caution. The government should not squander resources, it should save money and always have a rainy day reserve."
He believes that there are “no fundamental reasons for the crisis,” and he ruled out "a full-scale crisis like the one that occurred previously."