Ukrainian governemnt adopts laws on “customs visa-free regime” starting October 1

On September 27, the Cabinet of Ministers approved resolutions that will allow Ukraine to join the Conventions on the common transit procedure. It was reported by the press service of the Ministry of Finance. It should be noted that the joint transit procedure simplifies formalities in trade in goods, in other words, a “customs visa-free … Read more

Ukraine’s PM: Damage caused by war already exceeds Ukraine’s GDP by 1.6 times

The damage caused to Ukraine by the russian war has already exceeded the GDP of our country by 1.6 times. Prime Minister Denys Shmyhal said this at a conference call with the RMA heads. “The situation with losses is recorded as of June. According to this report, the need for funds is 349 billion dollars, … Read more

Ukraine’s government proposes parliament cancel preferential tax rates for fuel

The Cabinet of Ministers has tabled in the Verkhovna Rada a bill on the abolition of preferential tax rates for fuel. Yaroslav Zhelezniak, first deputy head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, wrote this on Telegram. The text of the bill has yet to be published but, according to Zhelezniak, the … Read more

Govt gives Naftogaz new permission to change conditions for eurobonds

NJSC Naftogaz Ukrainy, which last week defaulted on two out of three eurobond issues due to a government ban on payments on them, received permission to change loan agreements related to these eurobonds. The Cabinet of Ministers published order No. 670 dated August 1 on the same day on its website. Details of the proposed … Read more

Govt transfers 172 Glusco filling stations to management of Naftogaz

The Cabinet of Ministers is transferring 172 filling stations of the Glusco company to the management of NJSC Naftogaz Ukrainy, Prime Minister Denys Shmyhal has said. “Today, the government will adopt a document by which we transfer 172 Glusco filling stations to the management of the state company NJSC Naftogaz,” Shmyhal said at a government … Read more

Ukraine imposes complete embargo on imports of goods from Russia

The Cabinet of Ministers of Ukraine supported a decision to impose a complete embargo on imports of goods from the Russian Federation, the Ministry of Economy said on Sunday, citing First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko. “Such a decisive step by Ukraine can serve as an example for our Western partners … Read more

Ukraine carefully fulfills its debt obligations, creates Debt Management and Redemption Fund – PM

Ukraine continues to carefully fulfill its debt obligations, has created a Debt Management and Redemption Fund, Prime Minister Denys Shmyhal has said. “Ukraine has always carefully fulfilled its obligations. This is the image of the state. On March 1, the Ministry of Finance of Ukraine made a coupon payment in the amount of $292 million … Read more

Ukrainian govt allows Euro-3 and Euro-4 fuel

The Cabinet of Ministers of Ukraine has allowed the circulation of fuel of Euro-3 and Euro-4 emission standards, the press service of the Ministry of Energy reported on Thursday. The changes have been made to the technical regulations for the requirements for motor gasoline, diesel, marine and boiler fuel, approved by Resolution No. 927 dated … Read more

Govt expands functions of government commissioner for investments

The Cabinet of Ministers has expanded the functions of the Government Commissioner for Investments. In particular, according to Decree No. 288 of March 16, the title of the position sounds like the Government Commissioner for investments, attraction of financial assistance under martial law, formation of an economic recovery and transformation fund, a fund for supporting … Read more

Govt repeatedly expands list of critical imports, including fertilizers, agricultural machinery, pistols

Transportation of passengers and cargo, Internet communications, barley, rape seeds, various types of fertilizers, agricultural machinery, pistols and sports smooth-bore and rifled firearms are new items included in the list of critical imports of Ukraine. Resolution No. 211 dated March 6, resolution No. 219 dated March 7 and resolution No. 226 dated March 8 were … Read more