The Ukrainian finance minister Victor Pinzenik has expressed disappointment with parliament over legislation pertaining to the allocation of nearly 9 million hryvnias, obtained from the privatisation of “Krivorizhstal”. Pinzenik revealed this at a press conference today, reports a “Forum” correspondent.

“If I have 100 hryvnias in my pocket and a law comes in today to give it to a teacher and tomorrow a law comes in to give the same 100 hryvnias to a doctor, and a day later another law comes in to give the same 100 hryvnias to a pensioner, the simple question is: Who do I give the money to?” Pinzenik asks.

He immediately stressed that the money received from the privatisation of “Krivorizhstal” has already been allocated by the people who had voted for the legislation yesterday. “All the money (from the privatisation of Krivorozhstal – ed.) is gone and it is a great pity that they (the deputies – ed.) have done what has already been done. When comparable laws are enacted, then as regards the people, they will have the right to have rights, but not the means” Pinzenik said.

As “Forum” has previously reported, on the 16th March the Verkhovna Rada enacted legislation to change the law of the Ukraine in the 2006 federal budget, for the allocation of funds, obtained from the privatisation of OAO (The Kryviy Rih Metallurgical Collective Krivorizhstal) to go towards financial measures for gradual compensation for citizens’ losses from the depreciation of their savings in the Reserve Bank of the former USSR. 275 peoples’ deputies voted in favour.

Documents received show that income from the sale of government shares in “Krivorizhstal” is in the region of 9 billion, 23 million, 733 thousand hryvnias, received in 2005, and has been exclusively directed at financial measures for the gradual compensation of citizens’ losses from the depreciation of savings held in the Reserve Bank of the former USSR.

Translated by Eddie Alaszewski

ForUm

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