Business news from Ukraine

Business news from Ukraine

Verkhovna Rada ratifies agreement on International Cooperation Account for Chornobyl

Norway allocates another €5.6 million to support nuclear safety and decommissioning activities

  • The Verkhovna Rada of Ukraine ratified the agreement on the International Cooperation Account for Chornobyl
  • Norway pledges €5.6 million to the RSCC
  • Enhancing nuclear safety of the Chornobyl NPP and the whole of Ukraine

With the ratification of the framework agreement of the International Cooperation Account for Chornobyl (ICA) by the Ukrainian Parliament, the international community and Ukraine are ready to enter a new stage of cooperation on long-term nuclear safety and decommissioning, with a special focus on the Chornobyl NPP. In June 2024, the Rada approved the relevant law, which paves the way for a wider range of nuclear safety activities to be managed by the RSC.

To reaffirm its unwavering support for international efforts for decommissioning and nuclear remediation in Ukraine, at a recent meeting of the PFDR Donor Assembly, Norway announced an additional €5.6 million contribution to the PFDR.

Donors also agreed on the next tranche of funding for projects to improve the safety of spent fuel storage and optimize liquid radioactive waste management at the Chornobyl NPP.

Balthasar Lindauer, Director of the EBRD Nuclear Safety Department, said: “Russia’s military occupation of the Chornobyl Exclusion Zone (ChEZ) in March 2022 has not only damaged the infrastructure at the site, but also left a challenging operational legacy for one of the most vulnerable nuclear power plants in the world. The EBRD has a long-standing commitment to supporting the decommissioning and safety of Chornobyl, and we are determined to ensure that the significant progress made over the years through international cooperation is not lost. The ratification of the framework agreement, additional donor support and commitments to a new tranche of projects are an important statement of this renewed international support for safety at Chornobyl.”

The RMCS was established in November 2020 by the EBRD at the request of the Government of Ukraine. It was established as a multilateral fund to support the development of a comprehensive plan for Chornobyl. After the occupation of the ChEZ at the beginning of Russia’s full-scale war against Ukraine, the RMSF’s scope of tasks was expanded to support the restoration of safety in the ChEZ, as well as broader nuclear safety measures throughout Ukraine.

 

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Verkhovna Rada speaker signs order to allow journalists into parliament building

Verkhovna Rada Speaker Ruslan Stefanchuk has signed a decree on the admission of journalists to the parliament building under martial law.

According to the press service of the Verkhovna Rada, the decree allows media representatives to cover the activities of parliament directly in the premises of the legislative body.

The order approves the regulation “On accreditation of media at the Verkhovna Rada of Ukraine of the ninth convocation for the period of martial law in Ukraine”.

Stefanchuk and the head of the parliamentary staff Vyacheslav Shtuchny met with journalists and informed them about the peculiarities of media work in the press center of the Verkhovna Rada, in particular, about actions during the announcement of an air alert. The media representatives were shown the simplest shelter of the parliament building, where they will be obliged to go down during an air alert.

Stefanchuk said that despite the restrictions during martial law, it is important for journalists to be able to cover the activities of the legislative body. He also informed that given the need to comply with security requirements, a maximum of 30 people can work in the press center.

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Verkhovna Rada has adopted as basis bill providing for deregulation of trade in used cars

The Verkhovna Rada of Ukraine has adopted as a basis the bill №9083, providing for deregulation and detenization of the market of trade in used vehicles, said the head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Daniil Hetmantsev.

“Verkhovna Rada adopted as a basis the bill №9083 the initiator of which I am,” he wrote in his Telegram channel on Tuesday.

Getmantsev recalled that the market of used cars before the war was 1.7 million cars per year, in 2023 – 780 thousand.

“This year we expect 1.5 million and only 2.5% of this is sold in white. From the sale of a car in the “white” the state receives an average of 19.8 thousand UAH. From the sale in the “black” – 0″, – he wrote.

At the same time, the head of the parliamentary Committee reminds that for the work of the “white” market there is a hindrance – the requirement of additional registration of the car on the intermediary “with a bunch of unnecessary certificates”.

“The abolition of meaningless state registration of used cars by the trading organization on itself, even if it buys them as goods for resale – will be a pledge for the withdrawal of the market from the shadow, the expansion of the activities of “white” auto traders and the elimination of schemes by which the budget underpays taxes,” – commented the bill Getmantsev.

As reported, the bill № 9063 on the abolition of state registration of used cars on trade organizations that buy them as a commodity for further sale, registered in the Rada on March 6, 2023.

Among its co-authors are Hetmantsev, MPs Yaroslav Zheleznyak (Golos faction), Maryana Bezuglaya, Yevhen Bragar (“Servant of the People”), Dmytro Razumkov (non-faction).

Official car importers and dealers noted that deregulation of the used car trade market will not lead to an increase in prices, as the official market dictates prices and no one will pay more than a car costs.

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Ukrainian parliament legalizes medical cannabis

The Verkhovna Rada has legalized medical cannabis and made it possible to use medical preparations containing cannabis (Cannabis) for the treatment of cancer and post-traumatic stress disorder. For the bill № 7457 on regulating the circulation of plants of the genus of hemp (Cannabis) for medical, industrial purposes, scientific and scientific-technical activities to create conditions for expanding access to patients to the necessary treatment of cancer and post-traumatic stress disorder, received as a result of wars, voted as a whole 248 people’s deputies at the plenary session of the Verkhovna Rada on Thursday.

The bill creates regulatory conditions for the legal limited circulation and use of cannabis, its resin, extracts and tinctures for medical, industrial purposes, scientific and scientific-technical activities.

The law comes into force six months after its promulgation.

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Chairman of Verkhovna Rada of Ukraine to visit Latvia

Chairman of the Verkhovna Rada of Ukraine Ruslan Stefanchuk will be on a working visit to the Republic of Latvia on July 9-10, according to the press service of the Ukrainian parliament.
“The main purpose of the visit is to achieve international consensus on Ukraine’s path to NATO on the eve of the Vilnius summit of the Alliance, to strengthen assistance to Ukraine in countering the aggressor, support on the path of European integration,” the report said.
In Riga Stefanchuk will take part in the Summit of the heads of the parliaments of Latvia, Lithuania, Estonia, the Sejm of the Republic of Poland and Ukraine. This meeting will be the last high-level parliamentary event ahead of the NATO summit, which will be held July 11 in Vilnius.
The visit also includes meetings with newly elected Latvian President Edgars Rinkevics, former President Egils Levits, and talks with Latvian Saeima Speaker Edvards Smiltens and Prime Minister Krisjanis Karins.

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Verkhovna Rada on August 1 canceled 2% flat tax and returns documentary checks

Verkhovna Rada adopted a law № 8401, an important structural beacon of the program with the IMF, on the abolition of the 2% flat tax (UT) from August 1 and the return of documentary checks and EDB control, said first deputy head of the specialized Committee of the Rada Yaroslav Zheleznyak.
He said in Telegram that 239 people’s deputies voted for the law in its entirety.
According to him, the law stipulates that the payer of the 2% UT will be entitled to submit an application for waiver of the 2% UT and to indicate the tax system he wishes to switch to. Without such a statement, as well as if the payer does not specify the desired system in the application, he will automatically be returned to the system on which he was before the election of the 2% UT.
Also automatically will be considered as payers of UT of the third group with a rate of 5% newly formed business entities, which from the date of state registration chose the 2% UT.
As indicated by Zheleznyak, the law automatically restores the rights and obligations of a VAT payer for those entities whose registration was suspended as a VAT payer, and gives taxpayers who switched from 2% UT to a common system in 2023, the right to switch again in 2023 to a simplified system of their choice by submitting an application. In this case, if the application is filed before September 1, 2023, such a taxpayer will be considered a payer of UT from August 1, 2023.
The bill repeals the current moratorium on inspections of excisable goods (alcohol, tobacco, fuel), gambling and financial services from August 1, the deputy also said.
At the same time, he said, on October 1, responsibility for violations in the use of EDR is returned. An exception was retained only for front-line territories, but not for trade of excisable goods.
Zheleznyak said that the “technical debt” (arising from April 1, 2022 to July 31, 2023 in the electronic cabinet) will not be taken into account in determining the ability of the taxpayer to continue to stay on the simplified system.
The final version of the adopted law, said the deputy, provides for the right to voluntary payment of UT and UTII for the front-line territories (including areas of possible hostilities) and the opportunity for sole proprietors of UT without VAT to indicate the names of goods (services) in the calculation documents in the simplified form.
There is also a rule that for the transfer of goods by legal entities for the defense forces there is no need for the approved list of the CMU, added Zheleznyak.
As clarified by the head of the Finance Committee of the VR Daniel Getmantsev, the bill from August 1, partly repealed the current moratorium on inspections for excisable goods (alcohol, tobacco, fuel), gambling and financial services, and the end of martial law, if the payer pays the amount assessed by the inspection taxes or ERW within 30 days – he is exempt from penalties and fines accrued on that amount.
The head of the committee said that there is a moratorium on documentary inspections for payment of ERUs from August 1, 2023 until the end of martial law.
At the same time, taxpayers are exempted from liability for violations in payment of ERUs, committed from the beginning of martial law and until August 1, 2023, and taxpayers in the frontline territories (including areas of possible hostilities) will not be taken to repay the tax debt.
Hetmantsev added that the “technical debt” (which occurred from April 1, 2022 to July 31, 2023 in the electronic cabinet) will not be taken into account in determining the ability of the taxpayer to continue to stay on the simplified system.
The final version of the adopted draft law provides for preserving the right to voluntary payment of the single tax and ERU for front-line territories (including areas of possible hostilities) and enabling single tax payers without VAT to indicate the names of goods (services) in the calculation documents under the simplified system.
As previously reported, the Rada adopted the draft law № 8401 in the first reading on the eve of the IMF mission on the first review of the EFF – May 29. Then it was supported by the minimum required number of deputies – 226. Within the framework of the EFF program with the IMF it was supposed to come into force on July 1, but because of the delay in its consideration the Rada finance committee proposed to postpone its entry into force until August 1.
After working through almost two thousand amendments a week earlier, the Committee recommended MPs to support the bill as a whole, the first time softening the criteria for selecting companies for documentary checks.
The IMF representatives said on June 29, after the second tranche of $890 million was disbursed to Ukraine, that the Fund had agreed to postpone the implementation of this structural beacon for a month, but it remains one of the key ones in the program.

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