Economy
Debts during the war: Parliament seeks to protect creditors from inflation
The Verkhovna Rada is proposing to clarify the rules on recovering inflation-related losses on overdue monetary debts during martial law. For the average citizen, this means one simple thing: if a debtor delays repayment, they must compensate not only for the debt itself, but also for the loss in value of that money due to inflation.
Exchange rates in Ukraine: the euro is falling, whilst the hryvnia has stabilised
Towards the end of April, Ukraine’s foreign exchange market stabilised, whilst the euro exchange rate fell against the backdrop of global geopolitical tensions. At the same time, demand for foreign currency remains high, with banks reporting significant inflows of cash and outflows of deposits.
Ukraine needs to approve a tax on parcels as part of the IMF programme
Ukraine needs to pass a law introducing VAT on low-value parcels from abroad in order to remain on track with its $8.1 billion cooperation programme with the International Monetary Fund. A review of the programme is scheduled for June, and the issue of parcel taxation has become one of the key points in the negotiations.
The government and the IMF are discussing a possible delay in the introduction of VAT for sole traders
Ukraine and the International Monetary Fund are finalising discussions on the parameters for introducing VAT for sole traders. It is likely that a decision may be postponed until 2027.
Ukrzaliznytsia to receive €54 million from the EBRD: where will the money go?
Ukrzaliznytsia is set to receive €54 million in grant funding as part of a joint project with the European Union and the European Bank for Reconstruction and Development.
The UAE is withdrawing from OPEC and OPEC+ amid the energy crisis
The United Arab Emirates has announced its withdrawal from OPEC and OPEC+, a move that could affect the operations of the alliance of major oil exporters. The decision was taken following a review of the country’s energy policy.
New rules for foreign currency payments: what the NBU has changed
The National Bank has clarified the procedure for executing payment instructions in foreign currency and bank metals for payment service providers.
Oil prices have risen to a two-week high amid delays in negotiations with Iran
Global oil prices rose by around 3% to reach their highest level in two weeks. This came against the backdrop of stalled negotiations between the US and Iran and restricted supplies through the Strait of Hormuz.
Andriy Rubel has resigned from his post as Head of the Special Operations Department of the National Police of Ukraine
Andriy Rubel has resigned from his post as head of the Strategic Investigations Department of the National Police of Ukraine.
The NBU will transfer a record 146.1 billion hryvnias in profits to the state budget
The National Bank of Ukraine will transfer a record 146.1 billion hryvnias of its undistributed profit for 2025 to the state budget. This amount is almost double that of the previous year and will be used to fund the needs of the army and defence.
“It hasn’t been done, so get out,” said the MP, adding that senior officials at the ESBU and the SBI should be held personally accountable for their failure
Danylo Getmantsev, a Member of the Ukrainian Parliament, has stated that the heads of state bodies should bear personal responsibility for the effectiveness of the bodies they lead. And, in the event of poor performance, they should resign from their posts.
Global military spending is rising sharply thanks to Europe, but is falling in the US
Global military spending rose by 2.9% in 2025 to reach a record $2.89 trillion, despite a significant reduction in US spending.
