The Government of Ukraine has abolished the maximum level of the supply and marketing allowance and the trade margin of 10% for such products of significant social importance as buckwheat, granulated sugar, domestic pasta and butter with a fat content of 72.5%, while retaining the requirement to declare the change of prices.
The corresponding resolution No. 311 of March 18, was published, on the Cabinet of Ministers website on Saturday.
According to it, a 10% margin limit remains for such goods as wheat flour of the highest grade, pasteurized milk with a fat content of 2.5% (in a film), rye-wheat bread and a long loaf, chicken eggs of category C1, poultry (chicken carcass, a quarter of a chicken carcass) and refined sunflower oil. It will be valid until the end of April.
The Decree also clarified that the specified list of products of social importance concerns refined sunflower oil, and not sunflower oil in general, but at the same time, the concept of “poultry” was extended to “a quarter of a chicken carcass”, whereas previously it meant only “chicken carcass”.
In addition, the government has established that these products of significant social importance include domestically produced goods, except for goods labeled as organic products.
Another relief was the option for chains that set uniform prices for products in their stores to declare price changes once for all stores, and not in each one individually.
The Council of the National Bank of Ukraine (NBU) at a meeting on June 23 called on the NBU Board and the Cabinet of Ministers to speed up the drafting of bills on the regulation of cryptocurrencies, NBU Council Head Bohdan Danylyshyn has said.
“The NBU Council, in particular, decided to approve the recommendations […] to the NBU Board and the Cabinet of Ministers in order to minimize the risks of macro-financial stability in connection with the spread of transactions with virtual assets, and to accelerate the preparation of legislative acts on the regulation of the market of virtual assets and transactions with them,” the head of the Council wrote on Facebook on Wednesday.
According to Danylyshyn, the Council also recommended the NBU Board to analyze the impact of the spread of transactions with virtual assets on the activities of central banks, in particular, on the monetary and financial stability polices, the development of payment technologies and the emergence of new regulatory processes (RegTech).
