KIEV , Dec. 6 – Preparations for the Eurovision song contest to be hosted by Kiev in 2017 are being financed in full and there are no reasons for the relocation of this event to another country, Finance Minister Oleksandr Danyliuk said.

"Some media are circulating information about the alleged relocation of Eurovision from Ukraine to Russia in connection with alleged financing problems… This is absolutely fake information. The government has done its best to ensure the full financing of the event: UAH 430 million has been provided in guarantees, and the 2017 budget foresees UAH 455.7 million," the minister wrote on Facebook on Tuesday.