Brussels ties Ukraine’s loan to Kyiv’s tax reform drive

1 min read
Source: The Kyiv Independent
Brussels ties Ukraine’s loan to Kyiv’s tax reform drive
Photo: The Kyiv Independent
TL;DR

The European Commission said part of a 90-billion-euro loan to Ukraine will be conditioned on improving revenue collection, spending efficiency, and reform measures such as taxing digital-platform income, setting sectoral public-investment plans, and updating the customs code. If Kyiv meets the criteria, an initial tranche of about 3.2 billion euros could be disbursed in June as part of roughly 8.35 billion in micro-financial aid, amid IMF-aligned reform pressure and a slow reform pace blamed on wartime constraints and political resistance.

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