KIEV, Nov. 19 – The introduction of the Tax Code could make loans in Ukraine more expensive and reduce small- and medium-size businesses in the country, according to Stanyslav Arzhevitin, the first deputy head of the parliamentary committee on finance and banking.

"The cost of loans will rise due to the fact that a common interest rate is to be introduced. I think it will be completely absurd," he said at a press conference.