Economy
JTI Ukraine has warned of the risk of the tobacco market collapsing due to the e-excise duty
The launch of the eAkcyz system on 1 November 2026 could pose risks to the supply of legal tobacco products if the platform is not fully tested by all market participants in time.
Ukraine will bring the operations of banks and insurers into line with EU rules by 2028
Ukrainian banking regulations are currently approximately 78 per cent aligned with EU standards and requirements, whereas prior to the start of the invasion this figure stood at around 50 per cent
The NBU has approved rules for financial inclusion banks
The National Bank has adopted amendments to the regulations governing the operations of financial inclusion banks. This new type of institution is intended to ensure access to financial services in remote, sparsely populated, conflict-affected and liberated communities.
The Rada is set to meet to unblock the bill on military funding
The Verkhovna Rada will hold a sitting on 18 June to consider the unblocking of Bill No. 15224 on amendments to the 2026 state budget. The bill provides for a significant increase in expenditure on the security and defence sector.
Banks may be allowed to retain a 50% income tax rate for another year
The Parliament’s Tax Committee has recommended the adoption of a bill extending the increased 50% corporate tax rate for banks into 2027.
The government has set out the priorities for the Budget Declaration for 2027–2029: key points
The government has set out the priorities for the Budget Declaration for 2027–2029. It outlines two possible scenarios: either the war will end or it will continue.
Tatneft has restricted fuel sales following the shutdown of the company’s largest oil refinery
Tatneft has imposed restrictions on fuel sales at some of its petrol stations in several regions of Russia. This follows the shutdown of the TANECO oil refinery, which ceased processing crude oil after a drone attack.
‘The worst fuel crisis in history’. Russia has lost a third of its refining capacity due to attacks on oil refineries
A series of strikes on Russian oil refineries has led to a sharp decline in oil refining volumes in Russia. Against this backdrop, fuel shortages are being reported in certain regions of the country, alongside rising prices in the fuel market.
Prices for aviation fuel in Russia have reached a record high
The price of aviation fuel in Russia has exceeded 110,000 roubles per tonne for the first time. The price rise comes against a backdrop of reduced market supply and fuel supply issues at a number of airports.
The Kremlin has written off a further half a billion dollars of debt owed by the regions to avoid default – intelligence sources
The Russian government has written off budget debts owed by a further six regions of the country, totalling 37.5 billion roubles (around $525 million). Ukraine’s Foreign Intelligence Service believes that Moscow is attempting to avoid a “live default” in this way.
Billions on paper: why tax audits do little to boost the budget
Tax audits in Ukraine result in tens of billions of hryvnias in additional tax assessments every year, yet only a small fraction of these sums actually reaches the budget. According to the Business Ombudsman Council, over 95% of the additional tax assessments never materialise as actual revenue.
The IMF has approved a new tranche for Ukraine: what conditions has the Fund set?
Ukraine has reached an agreement with the International Monetary Fund regarding the next tranche of financial assistance. This amounts to approximately $690 million, which the country is set to receive at the end of the month once the necessary procedures have been completed
