The European Union has informed Kyiv through diplomatic channels about the potential reduction in funding if the parliament does not repeal the provisions of law No. 12414, which limit the powers of the National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAP).
This is reported by Business • Media
Funding at Risk Due to Legislative Changes
If this requirement is not met, Brussels may suspend the provision of loans from the profits of frozen Russian assets under the ERA program. Financial support from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) is also in question. However, the suspension of payments under the Ukraine Facility program is currently not anticipated — in August, Ukraine will receive €3.05 billion instead of the expected €4.5 billion.
IMF Prepares New Program for Ukraine
Meanwhile, Ukraine and the International Monetary Fund are preparing for negotiations to launch a new four-year program this fall. It is expected to provide broader opportunities for achieving macroeconomic stability, which remains a priority for the IMF. The new program will focus on reforming executive institutions, including the appointment of heads of the Bureau of Economic Security and customs, as well as measures to mobilize domestic financial resources.
“The document may include a permanent beacon for maintaining the independence of NABU and SAP.”
As part of the new program, the transfer of a tranche of $4.79 billion, which Ukraine was supposed to receive before the completion of the current program in March 2027, is possible.