People's Deputy, the Party of Regions parliamentary faction member, Finance Minister of the Opposition government Mykola Azarov during today's briefing answered the journalists’ questions, when and in what volume the stabilizing reserve monetary fund for operative reaction on crisis developments in financial market should be established.

“The stabilization reserve monetary fund should be established immediately. The National Bank, the Cabinet of Ministers, and, if necessary, Verkhovna Rada should make a decision to set up such fund as soon as possible”, Mykola Azarov pointed out.

In his opinion, leftovers on the governmental accounts, which today account for 19.1 billion hryvnias, could be used to originate the fund. “And the stabilization fund should total no less than 20 billion hryvnias”, the politician specified.

Mykola Azarov noted that money from the stabilization fund could also be used to secure guarantees for the people’s savings from the side of the government and National Bank. “Generally, the state is responsible for its inactivity that caused a situation when people stop trusting the banking system. And if it provoked such a situation, then it should be accountable. Both the state and National Bank have resources for this purpose. Such fund can be created and it would calm people”, he said.

The Party of Regions Press Service