Ukrainian Finance Minister Sergii Marchenko stated that the country will be able to prevent a large-scale financial collapse by the end of 2026, provided that international assistance is received in a timely manner. According to him, the total volume of planned inflows from Western partners should reach $29.5 billion. These funds are integrated into existing support programs and are critically important for the stability of public finances.
Financial Needs and International Support
Receiving the promised tranches will allow the Ukrainian government to avoid painful measures aimed at cutting budget expenditures. The minister emphasized that this scenario is entirely realistic, but for its implementation, the Ukrainian parliament and the Cabinet of Ministers must fulfill a number of mandatory requirements within the framework of cooperation with international creditors, including the IMF and the European Union.
Legislative Initiatives and Partner Demands
A key condition for unblocking EU funding is the adoption of the bill on taxing small parcels in the second reading and overall. In addition, Ukraine is obliged to approve amendments concerning the status of Politically Exposed Persons (PEP) and sign the law on taxing digital platforms. The relevant committee of the Verkhovna Rada has already supported amendments to the Tax and Customs Codes, which introduce VAT on online purchases under 150 euros, placing the responsibility on the marketplaces themselves.
Contradictory Data
Despite the Ministry of Finance's optimistic forecasts regarding the fulfillment of all conditions, the expert community points out significant risks due to delayed parliamentary procedures. The parcel taxation bill has been submitted to the Rada for the third time, demonstrating resistance from certain deputy groups. While the ministry insists on the inevitability and urgency of adopting fiscal novelties to avoid a liquidity crisis as early as December, critics fear price hikes for end consumers and logistical difficulties in tax administration by foreign platforms.
Sergii Marchenko stressed that further delays in making the necessary decisions are no longer acceptable. The ministry leadership has already prepared temporary mechanisms for adapting to the liquidity crisis, but relies entirely on a constructive stance from parliament regarding the fulfillment of Ukraine's international obligations.
