The Cabinet of Ministers of Ukraine has prolonged adaptive quarantine until 31 July,

as the Prime Minister of Ukraine, Denys Shmyhal, wrote in his Telegram channel.

“Due to the growing number of patients with coronavirus infection, we continue the effect of adaptive quarantine in Ukraine until 31 July this year,” said Mr Shmyhal at the meeting of the Government on Wednesday, 17 June.

In particular, during the adaptive quarantine it is forbidden:

According to the Prime Minister, if necessary, the Government may consider a possibility of strengthening quarantine in particular regions of Ukraine.

Strengthened quarantine may be expanded to cover:

As reported earlier, the Cabinet of Ministers had extended the quarantine restrictions until 22 June 2020. At its meeting on 4 May, the Government had eased some quarantine restrictions with effect since 11 May.

The Cabinet of Ministers of Ukraine expects an 8% drop in Ukraine’s GDP in 2020. Earlier, the government predicted a 4% decline in the Ukrainian economy,

according to the updated government’s action plan published on the Government Portal.

“Ukraine is traditionally more vulnerable to economic shocks, and therefore, their implications hit it stronger,” the document says.

The updated government’s action plan provides for measures in support of domestic manufacturers and incentives for business development in Ukraine.

Specifically, the program provides for:

In early April, the government approved its updated action plan. It provides for a number of measures to support small and medium-sized businesses, national industry and exporters. The Ukrainian Parliament however returned the government’s program for finalization.

As reported earlier, the Cabinet of Ministers is also going to launch the program to support industry and exporters. It will provide for the preferential loan conditions and requirements for production localization.

The international rating agency Moody’s Investors Service upgraded Ukraine’s credit rating to В3 from Саа1, stable outlook,

according to a post by the Prime Minister of Ukraine, Denys Shmyhal, on his Facebook page.

In his opinion, a rise in the rating is a powerful positive signal for Ukrainian and foreign investors.

“A rise in Ukraine’s credit rating by Moody’s shows that the government financial policy helps strengthen the Ukrainian economy,” Denys Shmyhal noted.

As GMK Center reported earlier, the Cabinet of Ministers of Ukraine adopted a program to reboot the economy in H2 2020 following the coronavirus epidemic. The reboot program is based on the principle of priority of Ukrainian manufacturers.