OREANDA-NEWS. February 19, 2014. A new procedure for the raising loans under sovereign guarantees will provide increasing of the export potential of Ukraine as well as support of national producers.

This was stated by the acting Prime Minister of Ukraine Serhiy Arbuzov.

"The Cabinet of Ministers of Ukraine in a difficult political and economic situation finds the opportunities for further development of Ukraine in the most important arrears to ensure the competitiveness of Ukrainian goods and services in foreign markets, creation of new jobs in the country and improvement the lives of ordinary Ukrainians," he said.

For this purpose, according to acting Prime Minister, the Government has developed a procedure for the raising loans under sovereign guaranteed in 2014 by key administrators of state funds for capital investments in excess of the budget allocations.

S. Arbuzov noted that the implementation of this document will allow ministries to attract cheap credit resources for target projects.

In particular, he noted that the interest rate on such loans will not exceed the discount rate of the National Bank of Ukraine increased by annual 3%, but not more than 9.5% per annum.

Thus S. Arbuzov explained that these funds will be directed primarily to support the priority sectors of the economy, including in the framework of the revitalization of the economy of Ukraine for 2013-2014.

Among them, he identified the energy sector, including energy efficiency programs, agriculture, information technology, science and education.

In addition, the adoption of the government's document helps to increase the export potential of Ukraine, import substitution and support of national producers.