Poroshenko: No investment will arrive as long as war continues

As the war is continuing in Ukraine one fourth of the country's industrial enterprises have halted production and the hope for foreign investment injections has been lost, but defense spending will be maintained, said Ukrainian President Petro Poroshenko.

As the war is continuing in Ukraine one fourth of the country's industrial enterprises have halted production and the hope for foreign investment injections has been lost, but defense spending will be maintained, said Ukrainian President Petro Poroshenko.

"Ukraine is living in conditions of war. About 25% of the country's industrial potential has come to a halt and ten percent has been destroyed. Defense spending currently exceeds the 90 billion hryvnia [envisioned in the state budget for 2015]. But Ukraine has found an opportunity to maintain defense spending needed," he said in an interview with the First National Television Channel, according to the presidential press service.

"No investment will arrive as long as the war is continuing. We must speak the truth to citizens," Poroshenko said.

Reforms cannot be swift in this connection and in fact started only after the parliamentary elections, he went on to say.

Poroshenko also said that citizens committing corruption-related crimes must be punished. "We will build a new economy and defeat corruption. This will not involve a mere voting for instituting an anti-corruption bureau or for the fight against corruption. Corruption has the concrete name of the offender who must be jailed," Poroshenko said, adding that a judicial reform must be carried out and bribery in court must be done away with.

Poroshenko also spoke about the importance of carrying out health reform and cancelling the registration of medicines certified in the United States, European Union and G7 countries. He said the function of purchasing medicines must be delegated to international organizations.

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