Ukraine risks losing 90 billion euros: what is the reason?

Ukraine is facing the threat of losing significant financial resources from international partners, including the IMF and the EU, due to its failure to pass key bills that are a prerequisite for launching a new cooperation program and receiving €90 billion in support.

Executive Director of the Economic Discussion Club Oleg Pendzin explained on the air of “Pryamoy” that the IMF’s activities are focused primarily on achieving budget balance, and not on directly imposing specific tax norms, therefore the mechanisms for achieving financial balance remain a sovereign issue for each state.

“The International Monetary Fund is only interested in one thing: balancing the budget. That’s all. How will this be done? This is a question, this is a sovereign question of the country that is negotiating the program,” Pendzin emphasized.

The expert noted that to launch the new program, it is necessary to adopt two legislative acts related to foreign parcels and taxation of trading platforms. Their absence makes it impossible for the IMF Board of Directors to make a decision on the program, which, in turn, threatens the receipt of European funding. Delays in parliament, in particular due to the lack of a quorum, only exacerbate this difficult situation, Pendzin added.

According to him, without these steps, Ukraine risks losing 90 billion euros from the European Union, which has tied its assistance to agreements with the fund. The studio guest also added that the issue of VAT for individual entrepreneurs is currently only being discussed in the perspective of 2027.

As we reported late last year, European Union leaders decided to finance Ukraine’s defense with a loan rather than frozen Russian assets. The EU plans to raise a loan of 90 billion euros to avoid political and financial disputes within the bloc.

The decision has sparked mixed reactions among investors, experts and financial analysts, with some disagreeing with the argument that using frozen Russian assets could undermine confidence in the euro as a reserve currency.

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