The EU approved up to €1 billion in aid to Ukraine last summer in return for the government to make free market-oriented changes.

The EU approved up to €1 billion in aid to Ukraine last summer in return for the government to make free market-oriented changes. These include: fighting corruption, improving transparency of company registers, enhancing the predictability of taxes and strengthening governance of state companies. On Friday, Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, reminded Kyiv of this linkage, saying: “This is an important and encouraging signal that Ukraine continues to deliver on reforms despite the current security environment and the upcoming electoral cycle.”