KIEV, Jan. 6 – Cutting the upper limit for cash payments with participation of individuals starting Jan. 4 to UAH 50,000 over 24 hours will help to bring the Ukrainian economy from the shadows, according to the Economic Development and Trade Ministry.

"Bringing the economy out of the shadows will be thanks to reduction of opportunities for legalization of income of population (doubtful or unlawful) via transactions to buy and sell valuable goods, property and expensive services," the ministry said on its website.