According to the president, the law "does not ensure the security of citizens, will lead to an unjustified increase in budget expenditures, will have a negative impact on the budget of every family, and, in addition, a number innovations proposed in the law do not meet modern needs, as they are unfounded and unacceptable."This seems to be a reboot of the new biometric passport process rather than a rejection of the idea.
Earlier posts:
Ukraine: Biometric Passports & Visa-Free EU Travel on the Horizon (October 1, 2011)
Ukraine: Group of Parliamentary Deputies Request Veto of Biometric Passport Law (October 10, 2011)