Ukraine launches interest-free loans for displaced citizens

Ukraine launches interest-free loans for displaced citizens

Photo: Getty Images

The Ukrainian government is introducing a new program of interest-free loans for citizens forced to relocate due to emergencies. The funds are intended to help families settle into new homes and restore everyday stability.

According to Prime Minister Yulia Sviridenko:

"The state’s goal is to help people return to normal life faster and ensure household stability for families."

Loan terms:

One-time, interest-free loan;

Amount – up to 50 minimum wages per family (around UAH 430,000);

Repayment period – up to 15 years;

Usage – for household items, furniture, and equipment for the new home;

Interest compensation – covered by the state.

How to apply:

A family member over 18 applies to the local authority in the new place of residence;

Submit an application and an evacuation certificate;

Wait for approval of the documents;

Receive funds through an authorized bank.

The program covers all emergencies defined by law. The Ministry of Internal Affairs will soon publish detailed instructions and the list of required documents.

Context:

Recent legislation also sets new rules for mandatory evacuation from conflict zones, including children and other vulnerable groups. For example, over 3,000 children with their families are expected to be evacuated from some communities in Zaporizhzhia and Dnipropetrovsk regions, while about 13,800 residents remain in certain frontline communities in Donetsk region.

banner

SHARE NEWS

link

Complain

like0
dislike0

Comments

0

Similar news

Similar news

Photo: Getty Images Ukrainian gas stations have sharply raised fuel prices. The main reason is tension in the global oil market due to the conflict in the Middle East. However, further price spikes

Photo: Getty Images Ukraine receives first $1.5B IMF tranche: funds to cover priority budget spending Ukraine has received the first $1.5 billion tranche of financial assistance from the Interna

Photo: EPA Iranian attacks across the Persian Gulf have dealt a major blow to the region’s critical energy infrastructure. Shipping through the Strait of Hormuz — the strategic chokepoint that carri

Photo: depositphotos Tanker traffic through the Strait of Hormuz has partially stopped, causing sharp increases in oil prices as market participants anticipate potential closures due to the U.S.-Isr

Photo: EPA The coordinated US and Israeli attacks on Iran, along with Tehran’s retaliatory missile strikes across the Persian Gulf, are already forcing oil traders to halt shipments through the Stra

Photo: Getty Images Ukraine’s economy is entering the fifth year of the full-scale war amid a deep energy crisis and declining industrial output. At the same time, preserving the country’s industr

Photo: Getty Images Slovakia’s Economy Ministry says it relied on information from the Ukrainian side when stating that oil transit through the Druzhba pipeline could resume by February 26. However,

Photo: Getty Images Gold prices rise to $5,230 amid tariffs and iran tensions Gold climbed for a fourth consecutive day, reaching around $5,230, driven by new 15% tariffs from U.S. President Donal