Ukraine's Cabinet fails to prepare 44 acts for EU funding
Ukraine's Cabinet of Ministers has failed to prepare and adopt dozens of legal and regulatory acts on which a significant portion of Ukraine's external financing depends, MP Olha Vasylevska-Smahliuk reported on Telegram on Aug. 31, following a meeting between the Servant of the People parliamentary faction and government officials led by Prime Minister Sergii Koretskyi.
Ukraine's Cabinet of Ministers has failed to prepare and pass several legal and regulatory acts that are essential for EU funding, according to MP Olha Vasylevska-Smahliuk. The country's financial hole currently stands at 49.5 billion euros, with 26 billion euros in funding that Ukraine was already counting on but has not received.
Another 23.5 billion euros represents a financial gap for which there are currently no confirmed funding sources. Ukraine must complete 25 reforms and key steps to receive over 10 billion euros in financial assistance from the EU under the Ukraine Facility mechanism and the EU's 90-billion-euro loan program.
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