The Regional Council deputies suggest to develop mechanisms to minimize the negative effects of inflation
Transcarpathians have repeatedly appealed to the deputies of the regional council to help to address on the legislative level the situation about the unpaid balances of loans taken in foreign currency. So, the Regional Council decided to appeal to the Verkhovna Rada of Ukraine on minimizing the negative effects of inflation of the national currency on the citizens of Ukraine who have outstanding obligations under consumer loan agreements in foreign currency.
"We, members of the Transcarpathian Regional Council of the VI convocation, - the document states - are deeply concerned that the devaluation of the national currency of Ukraine - hryvnias - puts the citizens of Ukraine who are borrowers of loans in foreign currency in a difficult financial situation. Because of this, most borrowers can not fulfill their obligations to banks and refuse to make further repayments of foreign currency loans, thus further worsening their situation.
Also, in addition to mortgage loan agreements, a significant number of agreements has been concluded that are not secured by collateral, but whose status is no different from the status of borrowers on mortgage loans. The borrowers' refusal to repay foreign currency loans affects the entire banking system of our country.
The first step - moratorium on the collection of property provided as security for such loans - has already been made. However, there is no clear position of higher state authorities on further addressing this issue, which only exacerbates the problem."
So the members of the Regional Council appealed to people's deputies of Ukraine with a request to urgently develop measures at the legislative level to minimize the negative effects of inflation of the national currency on the citizens of Ukraine who have outstanding obligations under consumer loan agreements in foreign currency.
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