This week the Verkhovna Rada will unblock Draft Law (DL) #8401 on returning pre-war tax rules. MPs submitted three resolutions to block the adoption of the DL. The Parliament will vote on these resolutions at the next plenary meeting so that they could be passed to the President for signing. We covered key provisions of the adopted DL in Issue 11 [July 4, 2023].
The Verkhovna Rada will adopt in the first reading of DL #9311-1-d on the corporate governance reform at the Gas Transmission Systems Operator (GTSO). MPs will vote for the fully agreed Energy Community Secretariat version (see Issue 11) [July 4, 2023] of the DL this week. The Memorandum with the IMF stipulates a deadline to fulfill this structural benchmark on transferring the GTSO shareholding directly to the Ministry of Energy and adopting its new charter at the end of July. But even if Parliament votes for shortened terms of preparation for the second reading, it’s impossible to meet the deadline.
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World Bank priorities development
The Verkhovna Rada will adopt in the second reading of DL #5865 on the development of capital markets. The Parliament will consider the DL after its withdrawal from the agenda by the Deputy Head of the Office of the President Rostyslav Shurma in May.
DL #5431 with amendments to the Law “On the Anti-Monopoly Committee of Ukraine” will be adopted in the second reading. Parliament will vote on it at the plenary meeting this week. The alternative DL #9330 which wasn’t supported by international partners of Ukraine, particularly by the EU Delegation to Ukraine, hasn’t been included in the draft agenda yet.
Ukraine’s GDP Growth is Downgraded, But It’s Doing ‘Marvelously,’ IMF Rep States
Other economic issues
Ukraine restarted talks on establishing a postal bank under Ukrposhta. Ekonomichna Pravda (EP) reported that Ukrposhta can take over the PINBank of sanctioned Russian oligarch Giner to fulfill this objective.
The State Pension Fund (SPFU) establishes a new unit to manage seized Russian assets. According to a statement on the SPFU official website, the new unit will work in tight cooperation with the High Anti-Corruption Court (HACC), the Ministry of Justice, the National Security and Defense Council (NSDC), and law enforcement agencies.
International reserves in June approached a new record high since Ukraine’s Independence. According to the NBU, as of July 1, 2023, Ukraine had $39 billion in international reserves.
The MoFU will approve the list of KPIs of the State Tax Service. The Cabinet of Ministers considered the relevant draft law to submit to Parliament.
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