€100 million at stake: what Ukrainians could save by joining Europe’s euro-payment zone, if parliament votes before November
Ukrainian small businesses pay for every euro transfer in paperwork and days of waiting.
Ukrainian lawmakers are being urged to swiftly pass legislation allowing the nation to join Europe's single euro-payment zone, as doing so could save Ukrainian businesses and individuals up to €100 million annually. According to Taras Kachka, Ukraine's representative to the EU, the bill, which aligns Ukrainian rules with EU and FATF standards, would significantly reduce the cost and time of cross-border transfers for businesses operating in the EU.
The simplified route to SEPA remains open until November 2026, after which stricter EU anti-money-laundering directives would take effect, potentially delaying Ukraine's integration. Once the legislation is passed, connecting Ukrainian banks to the SEPA system would take approximately one and a half years, with the full launch set for January 2028.
Kachka emphasizes the urgency, stating that the bill is "critically necessary" for Ukraine's European integration. He hopes lawmakers will seize this opportunity to benefit businesses of all sizes, traders, manufacturers, importers, and ordinary Ukrainians who frequently interact with their European counterparts.
Written by urgent.news from Euromaidan Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
