Friday, November 26

Ukraine has pledged to agree to 12 conditions to receive the next IMF tranche.

These structural beacons include: to approve the budget for 2022 with a deficit target of 3.5% of GDP; to abolish concessions in the criteria for state representatives in the management of state-owned banks; to release the results of an audit of funds spent on COVID; to improve the professional level in the field of banking supervision; to adopt a roadmap for bringing PrivatBank and Oschadbank for privatization; to publish reports on proceedings against former bank owners withdrawn from the market in early 2014; to adopt a strategy to recover the assets of bankrupt banks; to inspect the current members of the High Council of Justice; and to appoint the Supervisory Board of Energoatom.

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Ukrainians can work in Poland for up to 2 years without a permit.

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Ukraine will lose $1.2 bln in gas transit revenues from the launch of NordStream-2.

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A New Economic passport for Ukrainians by December 10 was announced by the President of Ukraine, Volodymyr Zelensky. “By December 10 this year, for the first time in the history of our independence, I am introducing a bill on the economic passport of Ukrainians”, said the President during his annual address to the Parliament of Ukraine. “All funds and fees for using the Ukrainian subsoil will be accumulated in the personal accounts of children of Ukrainian citizens”, he said.

Ukraine, Georgia, and Moldova discussed cooperation in the field of trade, security, and healthcare. The Prime Minister of Ukraine, Denys Shmyhal, the Prime Minister of Georgia, Irakli Garibashvili, and the Prime Minister of Moldova, Natalia Gavrilița, met in the format of the Associated Trio. They discussed cooperation in the field of trade, security, and healthcare with the President of the European Parliament David Sassoli. Denys Shmyhal noted that the initiative of the Associated Trio is aimed at deepening the process of European integration of Ukraine, Georgia and Moldova, as well as ensuring further strategic

Nord Stream 2 will be launched without certification might be possible.  According to reports in the German newspaper, Handelsblatt, the gas pipeline may start operating without certification. This scenario was played out with German projects NEL and EGL 401. However, in this case, Nord Stream 2 may be fined €1 mln, according to the estimates of the German Federal Network Agency (BNA). The penalty for putting the gas pipeline into operation in Germany was acceptable, given that the cost of the entire Nord Stream 2 project is €10 bln.