The country has overcome a very important step out of the crisis, Prime Minister Mykola Azarov was speaking Wednesday at the Cabinet of Ministers' meeting.

"Today in Ukraine the financial situation is absolutely stable. The Government has reduced budget deficit, created a powerful reserve of public resources, from natural gas to wheat. The hryvnia exchange rate is, and, will certainly be stable.

"The government has established a solid stock of all the state resources: from the gas to the wheat. The Hryvnia's exchange rate is and will be, of course, is stable, budget and monetary and credit policy of balanced and coordinated between the Government and National Bank of Ukraine," Azarov stressed, adding that "all this has been authoritatively noted by the IMF."

"It is not our conclusion, but an independent evaluation of the creditors," Azarov emphasized. He recalled that a few days ago, the international rating agency Fitch Ratings upgraded again Ukraine's sovereign ratings.


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