The EU has named the laws on which Ukraine’s receipt of 8 billion euros depends

The European Commission has sent the Verkhovna Rada a list of legislative amendments, the adoption of which will determine further financing for Ukraine. In particular, the implementation of a number of reforms is a condition for receiving 8 billion euros within the framework of the “Plan for Ukraine”.

On the eve of the next plenary week, the Speaker of the Verkhovna Rada, Ruslan Stefanchuk, received a four-page letter signed by European Commissioner for Economic Affairs Valdis Dombrovskis and European Commissioner for Enlargement Marta Kos.

According to “European Pravda”, the document contains tables with a list of necessary legislative decisions and a detailed explanation of the European Union’s position.

At the same time, there is no specific amount of Ukraine’s financing deficit in the letter. According to the publication’s sources, the reason is that Kyiv has not yet submitted the final budget calculations to Brussels.

“Our determination to support Ukraine is only getting stronger,” the document says.

More than 20 billion euros depend on reforms

The European Union stressed that the continuation of financial support for Ukraine is linked to the implementation of reforms.

Assistance of over 20 billion euros remains available under the “Plan for Ukraine”, but its receipt depends on the fulfillment of relevant obligations.

To receive 8 billion euros, Ukraine must adopt a number of laws. Some of the relevant draft laws have already received EU approval, while others are still undergoing assessment.

“The requirement for providing 8 billion of this amount is the adoption of a number of laws, the drafts of which have already received EU approval or are undergoing assessment. The annex to this letter sets out a number of priority reforms that require the adoption of relevant legislative acts,” the letter states.

EU: Ukraine needs reforms not only for the sake of money

The European Commission emphasizes that fulfilling the requirements is important not only for obtaining international financing.

Among the priorities is the improvement of the tax and customs systems, which should provide additional resources for the state and improve the conditions for doing business.

“The significance of these reforms goes beyond access to financing. Fairer and more efficient tax and customs systems can provide resources to the state and better conditions for business,” the document says.

Brussels also warned Ukraine against reneging on its commitments. As one example, the material mentions a possible relaxation of requirements for politically exposed persons (PEPs).

In the annex to the letter, the European Commission listed the numbers of draft laws that it expects to see adopted. 11 reforms were separately identified, the final drafts of which have yet to be examined by the European Commission.