Ukrainian President Petro Poroshenko said on Monday he intended to submit an issue to the National Security and Defence Council to annul the law on the special status for Donbass (Donetsk and Lugansk regions), TASS reported.
"In due time this law played an extremely important role," Poroshenko said in an address placed on his website.
The law demonstrated "Ukraine's sincere intentions to de-escalate the situation in Donbass and the world support for the Minsk peace agreements", he said.
"We will be ready to adopt a new law when all parties return to implementing the Minsk protocol if fire is ceased, the buffer zone is created and control is established," Poroshenko said.
The new law can be adopted if the self-proclaimed Donetsk and Lugansk People's Republics "reverse" the elections held on November 2, he said.
"The new law will envision strict borders of the regions with the special procedure of local self-government in strict compliance with the Minsk agreements. It will also envision budget decentralisation, which removes irritating problems - who feeds whom. It will allow the regions themselves to be responsible for their financing based on their own resources," Poroshenko said.
At the same time, the president said he hoped for the International Monetary Fund's support for restoring Donbass.
Sooner or later Poroshenko also intends "to propose the parliament to adopt a law on creating a free economic zone there (in Donbass) with the special trading regime with the EU and Russia".