PRESS RELEASE : President of Ukraine initiates a program of economic patriotism

The press release issued by the President of Ukraine on 22 February 2022.

President of Ukraine Volodymyr Zelenskyy is initiating a program of economic patriotism, which will provide targeted support to certain sectors of the economy, reduce the tax burden on entrepreneurs, limit inspections and create incentives to attract funds of the population to businesses and the banking system. The Head of State announced this in an address to citizens.

According to the President, while the Ukrainian servicemen are defending the country, other citizens must work and invest in the state’s economy, including funding for the army.

“A patriot is the one who fights with the enemy for his land. And the one who invests money in it and creates jobs on it. That is why we are launching a program of economic patriotism. These are additional incentives to localize our production. Targeted programs to support certain industries,” said Volodymyr Zelenskyy.

According to him, the program of economic patriotism provides for reducing the tax burden on entrepreneurs, limiting inspections, creating incentives to attract funds of the population to businesses and the banking system. In addition, this program envisages the reduction of VAT on gasoline and diesel, which will help reduce fuel prices.

“Our goal is to gain economic independence. Especially in the energy sector,” the President said.

The President called on Ukrainian politicians to be statesmen at this time and to abandon their ambitions for the sake of Ukraine.

“I met with all leaders of parliamentary factions and groups. Everyone understands that today we need a Defense Coalition in the Parliament. Unity, quick and important decisions for the economic stability and defense capabilities of our state. Today, all politicians, all parties are of the same color – blue and yellow,” Volodymyr Zelenskyy stressed.

He said that tomorrow he would hold a meeting with representatives of 50 largest Ukrainian companies in the field of big business.

“They all must stay in Ukraine. Their enterprises are located on Ukrainian land, which is protected by our military. Consequently, businesses must protect our economy, finances, and create jobs. Raise and strengthen Ukraine. Together, everyone on their own front,” the Head of State is convinced.

At the same time, the President noted that now there is no need to announce a general mobilization, instead there will be a call-up of citizens who are enlisted in the operational reserve of the Armed Forces. Training assembly of territorial defense reservists will also be held.

Volodymyr Zelenskyy stressed that Ukrainians are a peaceful nation that wants silence.

“But if we remain silent today, we will disappear tomorrow. Daily hard work is ahead for all of us. And we are ready for it. Personal confidence. Confidence in the country. Confidence about our victory. Don’t weep, gain!” the Head of State emphasized.