Kyiv Mayor Vitali Klitschko attends an emergency meeting of the Cabinet of Ministers of Ukraine in Kyiv on May 4, 2020. Because small- and medium-sized businesses pay few taxes and fees during the coronavirus pandemic, the Kyiv city budget has lost $56 million, according to Klitschko.
Ukraine fulfills all conditions for obtaining further financial aid from the EU. As soon as the International Monetary Fund (IMF) provides its final assessment and approve further cooperation with Ukraine, the European Union will be ready to allocate its second 500-million-euro tranche “without delay,” EU commissioner Oliver Varhelyi has said.
Ukraine will soon launch free trade with Britain. The economy ministry and the United Kingdom will sign an agreement on political cooperation, free trade and partnership between the countries “in the near future,” Economy Minister Ihor Petrashko has said. Britain invested over $2 billion in Ukraine in 2019, thus becoming one of the top three major investors here.
