KYIV, Feb 6 – President Petro Poroshenko has said that the subsidy monetization program for Ukrainian households has been launched.

"We are launching the long-awaited system of monetization of subsidies, namely, cash payments to low-income groups of the population. The average amount of payments will be UAH 1,500," Poroshenko said at a meeting devoted to the introduction of monetization of subsidies in Kyiv on Wednesday.

According to the president, this decision is one of the elements for establishing the country's energy independence, as well as significantly reducing the "space for corruption" in this area.