KIEV, Dec. 21 – President Petro Poroshenko has vetoed bill No. 1558-VIII on restructuring loans issued in foreign currency and retuned it with his proposals to the Ukrainian parliament for repeated discussion.

"…the head of state returned the law with his proposals to the Verkhovna Rada for repeated discussion, and the Cabinet of Ministers is instructed to urgently submit an alternative bill, taking into account some provisions of law No. 581-VIII of July 2, 2015 on restructuring of liabilities in foreign currency," the press service of the president reported late on Friday.

The press service said that the proposals are related to the termination of liabilities under credits agreements after passing of property used as collateral to ownership of the creditor or receiving a claim to collect the property used as collateral or the voluntary sale of this property. The president recommended that lawmakers agree the document with experts and international financial institutions.