KYIV, Nov 12 – President Petro Poroshenko has said that the state of the Ukrainian economy makes it possible not to take loans from international financial institutions (IFIs), although the country's authorities have to attract them to make the peak payments on old debts.

"Would it have been possible to do without raising the tariffs? It is unlikely, since the stability of the economy just needs funding – the European Union's macrofinancial help, the IMF tranche, and the World Bank's loan. All of these are tied to appropriate decisions. The current state of the economy in principle makes it possible to refuse loans from international financial institutions," Poroshenko said, speaking at the Regional Development Council in Kyiv on Monday.