DAVOS, Feb. 1 – The endorsement of the budget, the toughening of fiscal policy and restoration of political stability are the necessary conditions for Ukraine's successful return to the foreign borrowing market, according to Ihor Mitiukov, the head of the Ukrainian office of Morgan Stanley and a former Ukrainian finance minister.

"I hardly imagine how one can enter international markets without an approved budget," he told Interfax-Ukraine on the sidelines of the Third Philanthropic Roundtable organized by the Pinchuk Foundation in Davos.