A move by Ukraine's parliament to convert retail loans issued in foreign currencies into hryvnia at a rate much more favourable to borrowers will cost banks billions and smacks of misguided populism, Finance Minister Natalia Jaresko said on July 3.
2015 Economic Crisis
Reuters: Jaresko says Ukrainian banks face huge losses from populist loan law
Ukraine's Finance Minister Natalie Jaresko attends the \"Europa-Forum\" series of events organised by the Konrad-Adenauer-Stiftung foundation on April 1, 2015 in Berlin.
