The document passage map indicates that the law was adopted as urgent.
People's Deputy from "Holos" Yaroslav Zheleznyak reported that 271 deputies supported the adoption of the law.
"The right is granted to the Debt Agency (until its establishment – to the Ministry of Finance) to carry out transactions with contingent liabilities within agreements with the EU, foreign states, and international financial organizations, the return of which will not be made from state budget funds, but specifically from frozen assets of the Russian Federation," – he explained.
Head of the Budget Committee Roksolana Pidlasa clarified that this law is necessary to "legalize" in Ukrainian legislation the receipt of a $50 billion loan from G7 countries and the European Union. It introduces a new concept into the legislation – "contingent debt obligations."
The "irreversible loan" of $50 billion from the G7 countries and the EU is precisely such a contingent debt obligation because Ukraine will not repay this loan until it receives reparations from Russia. These funds will also not be counted as Ukraine's state debt (which will be very helpful as the state debt is expected to exceed 100% of GDP this year)," – she explained.
According to Pidlasa, without the specified amendments to the Budget Code, the Minister of Finance of Ukraine simply will not have the authority to sign agreements for obtaining these loans, which "will have catastrophic consequences for budget execution next year."