The Verkhovna Rada has ratified the Agreement between the Government of Ukraine and the Government of Israel on Mutual Promotion and Protection of Investments. The relevant law was supported by 315 deputies on Wednesday.

"The Agreement is aimed at developing mutually beneficial partnership relations between Ukraine and the State of Israel in the investment sector on the principles of equality and mutual benefit", stated in the explanatory memorandum.

The agreement stipulates that the parties to the treaty provide each other with every possible assistance and investment protection.

This agreement was signed on November 24, 2010 in Kiev.