Poroshenko promises funding of Donbas territories under Ukrainian flag

10:20, 22.09.2014 1 min read

The Ukrainian state budget will finance the areas of the Donetsk and Luhansk regions where peace is restored and the presence of Ukrainian authorities, including lawfully elected local officials, is provided, Ukrainian President Petro Poroshenko said.

"The Ukrainian budget will finance the territories which return under the Ukrainian flag. If there is a flag there is a special fund too… The financing mechanism will be simple: a special budget fund will be formed and this is a purpose of my visit - to prepare a donor conference for the special fund project, which, in particular, will include money from a special fund of the Ukrainian budget for the restoration of Donbas infrastructure," the president said in an interview with Ukrainian television channels aired on Sunday night.

Poroshenko said he was talking tens of billions of hryvnias.

"Ukraine will finance the territories where there is peace and there are Ukrainian authorities, including local self-government bodies elected in a legitimate manner," the president said.