KIEV, Sept. 8 – President Petro Poroshenko has said that Ukraine's government has prevented default and has provided micro-financial stabilization in the country.

"Under the conditions of a destroying military shock for economics, we, as one team with you, didn't allow default [to happen], granted micro-financial stabilization and now, as soon as a petty possibility occurred, are making the first step to improve social standards," Poroshenko said during an extended sitting of the Cabinet of Ministers in Kiev on Tuesday.