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15 November 2018

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News

08 November 2018, 19:16

Evening session's over

( Information Department of the Verkhovna Rada of Ukraine Secretariat )

After nooning, the chamber proceeded with the business of the day, having focused upon the bill No.8488 on amendments to the Customs Code of Ukraine regarding importation of vehicles to Ukraine’s customs territory.


Laws, bills and resolutions passed

 

On importation of vehicles into Ukraine’s customs territory

--Draft law No.8488

By 245 ayes, there was sanctioned the law of Ukraine “On amendments to the Customs Code of Ukraine and certain legal enactments of Ukraine with regard to importation of vehicles into Ukraine’s customs territory”.

The law widens the list of grounds for extension of the previously set term of temporary admission of commercial vehicles in cases stipulated by the Customs Code of Ukraine. The law fosters on automated intercommunication regarding the said vehicles information between the State Border Guard Service of Ukraine and the National Police.

The law significantly lifts the issue-related fines in force and abolishes the rule that allowed it to violate customs regulations during a year against being had up just once.

The bill also runs if a case of violation of customs rules is considered by a fiscal body or a court, the administrative sanction (for the rules violation) may be imposed no later than six months from the date of offense detection.

The consequent changes shall be made to the Customs Code of Ukraine, the Administrative Offences Code of Ukraine and the laws of Ukraine on border guard service, road traffic, national police, certain issues on importation into Ukraine’s customs territory and registration of vehicles.


On EUR 1 billion EU MFA programme

--Draft law No.0203

By 242 ayes, there has been adopted on the second reading the law of Ukraine “On ratification of the Memorandum of understanding between Ukraine as Borrower and the European Union as Lender and the Loan agreement between Ukraine as Borrower, the National Bank of Ukraine as Borrower’s Fiscal Agent and the European Union as Lender (anent the receipt of the EUR 1 billion macro-finance assistance from the European Union by Ukraine)”.

The above memorandum was signed in Kyiv on 14 September 2018. It becomes effective on the date of its ratification. The said loan agreement was inked in Kyiv on 14 September 2018. It becomes effective on the date the Lender is in receipt of a formal notice from the Borrower made out as a Legal statement confirming all the constitutional and judicial formalities to have been observed.

The mentioned agreement runs Ukraine might receive the aid in two equal installments. The first one shall only come upon the local ratification and making it effective. The installment gap shall make a stretch of three months at the very least.

The term of the loan is ten to fifteen years. The rate of interest shall only become available upon the European Commission’s entering the market of external borrowings with the bid for Ukraine. Once bargained for, the deal rate shall be extended to the loan agreement with Ukraine as-is. The finance ministry expects to see a 2 PCPA rate tops.

 

The presiding officer closed the meeting.