Parliament passes laws to secure financial support from EU and IMF

Parliament passes key reforms

Ukraine has adopted a number of important bills, which are a prerequisite for unlocking significant volumes of financial assistance from international partners. This is reported by Reuters.

What the new laws provide for

According to the publication, the Verkhovna Rada approved documents containing the following changes:

• increasing the level of taxation on foreign parcels;
• increasing the transparency of processes in the e-commerce sector;
• adjusting the rules for financial oversight of politicians' activities.

Scale of expected support

Reuters notes that Ukraine has a chance to receive approximately $29 billion in financial support from the European Union by the end of the current year. These funds are currently in a pending status for allocation.