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Ukrainian government drafts ‘Marshall Plan’ for national economy

Ukrainian parliament-appointed Prime Minister Arseniy Yatsenyuk says the Cabinet of Ministers will reveal this plan at the first session of the Verkhovna Rada on September 2

Arseniy Yatsenyuk ITAR-TASS/Maxim Nikitin

Arseniy Yatsenyuk

© ITAR-TASS/Maxim Nikitin

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KIEV, July 09. /ITAR-TASS/. Ukraine’s government has drafted a three-year plan for the country’s economic recovery, Ukrainian parliament-appointed Prime Minister Arseniy Yatsenyuk said on Wednesday.

Yatsenyuk compared the government’s initiative with the US Marshall Plan for the European economy’s recovery after World War II.

“A large conference of donors will be held on the Ukrainian issue in autumn. We have offered a plan for the country’s recovery. The plan is designed for two years. This is a Marshall Plan for Ukraine,” Yatsenyuk told a Cabinet meeting.

“We’ll present this plan to the Ukrainian people in September. The Cabinet of Ministers will reveal this plan at the first session of the Verkhovna Rada on September 2,” the premier said.

Ukraine’s Deputy Prime Minister and Minister for Regional Development, Construction, Housing and Utilities Volodymyr Groysman said in Brussels on Tuesday that “the Cabinet of Ministers had prepared a plan for Ukraine’s recovery in 2014-2016. The plan will be presented at the International Donor Conference in autumn.”

The vice-premier named energy security, a free trade zone between Ukraine and the EU and eradication of corruption as the main goals of the recovery plan.

Meanwhile, Russia’s gas giant Gazprom said on Tuesday that Ukraine had failed for pay for natural gas supplies in the first 15 days of June, increasing its overall gas debt to Russia to $5.3 billion.

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Ukraine crisis Ukraine Arseniy Yatsenyuk

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