Ukraine may miss out on billions of euros in international aid due to delays in reforms and laws, but the reason is not in the tax changes announced by the authorities. The main problem is the systematic failure to meet obligations to partners. This was stated by MP Yaroslav Zheleznyak.
According to him, a false thesis is spreading in the public space that the failure to adopt the tax bill will supposedly lead to a financial crisis in the near future. He emphasizes: this is a manipulation that does not reflect the actual state of affairs.
Financing Ukraine: what requirements partners set
International aid to Ukraine is linked to the fulfillment of specific conditions. It concerns several key programs:
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International Monetary Fund
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Ukraine Facility from the European Union
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World Bank
For the IMF, there is a general assessment of program compliance, whereas in the case of the Ukraine Facility, each unmet point means losing a portion of the funding.
As Zheleznyak notes, there is currently no direct threat to financing due to the tax law, since the review of the IMF program will take place later, and some conditions may be postponed.
Bills of Ukraine: where the real problem arose
Key risks are related to other reforms that have not been implemented on time. Some of them are already overdue, and funds for them may be lost.
Among the problematic areas:
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selection of judges for the High Anti-Corruption Court, which has not been completed on time
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changes to the verification of judges' integrity
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digitalization of enforcement proceedings
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integration of energy markets
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restoration of competitions for public service
According to the deputy, these delays have accumulated since 2024 and intensified in 2025. If deadlines are missed, funding for individual items may be permanently lost.
He also points out that a significant portion of necessary bills is not being considered in the Verkhovna Rada, whereas they are critical for obtaining funds.
In conclusion, the problem lies not in one law but in the systemic failure to implement reforms. According to Zheleznyak, the situation resembles accumulating debts before deadlines: if they are not closed, the funds simply will not arrive.
Earlier, Yaroslav Zheleznyak stated about serious challenges for the state budget of Ukraine, which may affect the financial stability of the country in the near future.