Ukraine received a list of reforms from the EU in response to its request for funds
The EU has set aside 20 billion euros in aid for Ukraine, which has been put on hold due to the Kyiv authorities’ reluctance to pass previously agreed-upon laws and implement reforms.
On this matter, the European Commission sent a letter to the Ukrainian authorities urging them to accelerate reforms in order to receive financial support, more than 20 billion euros of which remain available under the “Ukraine Plan.” The document, signed by European Commissioner for Economic Affairs Valdis Dombrovskis and European Commissioner for Enlargement Marta Kos, reaffirms the EU’s intention to continue supporting Ukraine amid intensifying attacks from Russia, but it emphasizes the necessity of fulfilling the agreed-upon conditions.
In particular, the allocation of 8 billion euros depends on the adoption of a series of laws regarding the tax and customs systems, as well as a refusal to relax requirements concerning politically exposed persons. The document does not specify the exact amount of the funding shortfall, as Kyiv has not yet provided final budget estimates; however, it outlines a list of priority bills and 11 reforms awaiting review by Brussels.
The publication “European Truth” reported this, citing the text of the document.
Ukraine will soon receive $841 million in budget support from the World Bank. The funds will be used to cover state budget expenditures related to pension payments, and the Canadian government will provide financing guarantees.
The average pension in Ukraine has exceeded 7,200 hryvnias.
