The Cabinet of Ministers is ready to extend the moratorium on inspections of businesses, which is now valid until year end, Prime Minister of Ukraine Arseniy Yatsenyuk said at a meeting of the Board of exporters.

The proposal to extend the moratorium was voiced by the management of ArcelorMittal Kryviy Rih metallurgical giant.

"We support the moratorium," said Yatsenyuk.

Read alsoYatsenyuk says he is ready for compromise on tax reformAs UNIAN reported earlier, the Verkhovna Rada adopted in November in first reading a bill to extend the moratorium on inspections of businesses until June 30, 2016. The draft law has been prepared by the Ministry of Economic Development and Trade of Ukraine.