The Verkhovna Rada is proposed to temporarily restrict the import of luxury goods and increase the obligatory sale of foreign currency earnings to 100% from 50%. The relevant initiative is contained in the draft resolution on the need to take measures to stabilize the exchange rate of the national currency, submitted by out-of-faction MP Mykola Rudkovsky (No. 4686).
According to the press service of Rudkovsky, in particular, it is
proposed for a period of up to three months to limit the import of
luxury goods, including furniture, cars, jewelry, and other items that
belong to the category of elite consumption.
“These are the articles of daily necessity, and the temporary
restriction on their imports will reduce demand for foreign currency by
10-15%, which will positively impact the stabilization of the hryvnia
and, accordingly, the fixing of prices for food, fuel and many other
products,” Rudkovsky reported.
The report notes that in the past such protective measures were used in Syria, China, and Ecuador.
“If there is the political will to make such a decision, even against
the interests of oligarchs, the hryvnia exchange rate could return to Hr 10 per $1,” said Rudkovsky.
