KIEV, March 2 – Ukraine's Cabinet of Ministers on Wednesday approved a poverty reduction strategy, which foresees that poverty rate in Ukraine will be reduced by nearly half, to 15% by 2020.

"We expect the poverty rate by absolute measure in Ukraine will be reduced from 28% to 15% in 2020 as a result of the implementation of this program and poverty reduction strategy, which will later be complemented by detailed plans," Social Policy Minister Pavlo Rozenko said at a meeting in Kiev on Wednesday.