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Nation    

Yulia Kyoto transfer caused UAH1 billion budget hit, says prosecutor
Journal Staff Report

KIEV, Dec. 22 – Former Prime Minister Yulia Tymoshenko's order to convert the funds allocated under the Kyoto Protocol into the national currency has caused nearly UAH 1 million worth of damage to the state budget, Ukraine’s Prosecutor General's Office said.

"Yulia Tymoshenko, who earlier held the post of Ukraine's prime minister, is accused of illegally issuing the prime minister's order to convert into the national currency the funds received under the Kyoto Protocol, in the amount of EUR 180 million, retaining a commission of UAH 960,309.64 and sending these funds to replenish a single treasury account from which all of the budget's expenditures are financed," the press service reported.




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