Parliament Approves Key Decisions to Continue Funding Under Ukraine Facility Program - Syvyrydenko
The Verkhovna Rada of Ukraine has conducted a crucial vote resulting in key decisions that will facilitate the continuation of funding under the Ukraine Facility program, as reported by Prime Minister Yulia Syvyrydenko on her Telegram channel.
In a significant legislative session, the Verkhovna Rada of Ukraine has made pivotal decisions aimed at ensuring the ongoing financing of the Ukraine Facility program. Prime Minister Yulia Syvyrydenko announced this development via her Telegram channel, highlighting the importance of these legislative measures for the nation’s economic stability.
Among the key pieces of legislation approved was Bill No. 14005, which pertains to the digitization of executive proceedings. This law, passed in its entirety, represents a vital step towards modernizing governmental processes and ensuring transparency in executive actions. Additionally, the parliament approved Bill No. 12087-d, which focuses on integrating Ukraine into the European Union’s energy market, also receiving full approval.
These two legislative initiatives are expected to unlock €875 million in funding from the European Union. This substantial financial support will enable Ukraine to continue implementing essential reforms and maintain stability amid challenging economic conditions.
Furthermore, the Verkhovna Rada reviewed Bill No. 14412, which outlines the principles of delineating and distributing powers among levels of public governance. This bill was adopted in its preliminary form, and upon final approval, it is anticipated to secure an additional €440 million for Ukraine, marking another crucial step towards financial stability.
Prime Minister Yulia Syvyrydenko expressed her gratitude to the deputies for their support of the Euro-integration bill, No. 12221, which opens the door for negotiations on an Association Agreement with the EU in the industrial sector, commonly referred to as the industrial visa-free regime. This is a significant advancement in Ukraine’s integration into European economic structures.
In addition, the parliament passed Bill No. 15110 concerning the military tax, which is essential for the continuation of the International Monetary Fund's program. This legislation is also critical for the stability of Ukraine’s financial system and for meeting international obligations.
It is noteworthy that the European Commission plans to allocate €16.7 billion in budgetary support to Ukraine in 2026. Specifically, €8.35 billion will be provided as macro-financial assistance, with an equal amount available under the Ukraine Facility program. This financial aid is crucial for overcoming the economic challenges faced by the country.
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