Business news from Ukraine

Business news from Ukraine

Kharkiv Mayor Terekhov: We Must Find Path to Peace

According to Interfax-Ukraine, Kharkiv Mayor Ihor Terekhov responded to a new op-ed by Valeriy Zaluzhny, former Commander-in-Chief of the Armed Forces of Ukraine and Ukraine’s Ambassador to the United Kingdom, stating that Ukraine’s ability to withstand the war should not be interpreted as consent to live in it, and called for a path to peace backed by guarantees from partners.

“For me, the logic of the ‘war party’ begins when war is perceived as Ukraine’s only possible future. I disagree with this,” Terekhov wrote on Telegram.

Terekhov noted that the desire for peace requires no justification. According to him, in a Gallup poll conducted in April 2026, 66% of Ukrainians surveyed supported ending the war as soon as possible through negotiations. This indicates a broad public demand for peace.

“Peace must be based on our defense capabilities and specific commitments from our partners. Guarantees must specify what military assistance Ukraine will receive and how partners will act in the event of a new attack. We must strive to secure these conditions by using military, economic, and diplomatic leverage,” Terekhov writes.

He noted that Russia started this war and bears responsibility for its continuation, which is why international pressure must be directed specifically at the aggressor.

“Our ability to endure the war should not be interpreted as consent to live in it. We strive for peace and prosperity. Our defenders—both men and women—also have the right to a peaceful life. Time with their families, recovery, plans for the future. Their courage obligates the state to provide them with everything they need and to use every realistic opportunity to bring the war to an end,” Terekhov concluded.

In his column on Channel 24, Zaluzhny specifically stated that there can be no “business logic” in resolving the war, and that in the absence of effective international law, any agreements with Russia would become “merely a prelude to the next war.”

In April 2026, the American public opinion institute Gallup conducted and published several important sociological studies. According to the survey, 66% of Ukrainians polled believe that the country needs to reach an agreement to end the war as soon as possible, while 24% advocate continuing hostilities until victory is achieved.

Source: https://t.me/ihor_terekhov/4706

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Czech Prime Minister Warns of Risk of World War III and Calls for Talks Between Putin and Zelenskyy

Czech Prime Minister Andrej Babiš stated that current developments in the international situation could lead the world into World War III, and called on Europe to pay more attention to a diplomatic resolution of Russia’s war against Ukraine.
Babiš made these remarks on September 17 while delivering the opening address at the IISS Prague Defense Summit 2026 in Prague. The Czech government and the conference organizer—the International Institute for Strategic Studies (IISS)—have confirmed that the speech took place.
“I’m not afraid to say this out loud. The path the world is currently on does not lead to security. It leads straight to the gates of hell. It is leading us toward World War III,” Babiš said, according to the Czech news agency ČTK.
According to the Czech prime minister, the European security debate focuses too much on the military aspect and not enough on finding a diplomatic solution. He noted that Europe, together with the United States, must push for direct negotiations between Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin with the aim of ending the war.
At the same time, Babiš emphasized that he considers Russia an aggressor. As reported by the Czech press, the prime minister stated that Putin’s actions are “completely unacceptable,” but diplomacy, in his view, must remain one of the main tools for ending the war.
Babiš also drew attention to the duration of the war. According to him, as of September 17, Russia’s full-scale aggression against Ukraine had been ongoing for 1,666 days—99 days longer than World War I. The prime minister stated that the wars in Ukraine and the Middle East have not only military but also serious economic consequences, including rising costs for energy and food, as well as pressure on European industry.
At the same time, Babiš did not advocate abandoning efforts to strengthen Europe’s defense; rather, he proposed creating a joint European missile defense system called Euro Patriot. Under his plan, European countries could pool their industrial and technological capabilities—similar to the creation of Airbus—and develop their own system to defend against ballistic missiles and drones.
“We must learn from the war in Ukraine and seek solutions, first and foremost in the area of defense against ballistic missiles,” the Czech prime minister said. In his view, such a project would simultaneously strengthen Europe’s contribution to NATO and create additional opportunities for the European defense industry, including the Czech defense sector.
The IISS Prague Defense Summit is taking place in Prague from September 16–18, 2026. It is attended by political and military leaders, representatives of international organizations and the defense industry, as well as experts. The main topics of the conference are the development of European defense capabilities, military mobility, arms procurement, missile defense, and the future of transatlantic cooperation.

 

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Erdogan stated that Turkey is working to bring war between Russia and Ukraine to an end

Turkish President Recep Tayyip Erdogan stated that Turkey is working to bring the war between Russia and Ukraine to an end with a lasting peace, and is also working to resume negotiations and revitalize the diplomatic process.

According to a post by the Turkish president’s public relations office on social media platform X on Monday, Erdogan made these remarks during a phone call with German Federal Chancellor Friedrich Merz.

Erdogan also expressed hope during the conversation that the NATO leaders’ summit, to be held in Ankara, would demonstrate a firm commitment to strengthening Europe’s own defense within the framework of NATO and preserving transatlantic ties, the statement said.

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Getmantsev promises not to change single tax system until end of war

The existence of two value-added tax (VAT) exemption thresholds within a single VAT system is an anomaly that must be eliminated, but this decision will have to be made immediately after martial law ends, according to Danylo Getmantsev, head of the parliamentary committee on finance, tax, and customs policy.

“I promised the people that I would not change the single tax system until the end of the war. And I am keeping that promise. As you can see, the law has not been adopted. You have not heard me support it in the version proposed by the Ministry of Finance,” he said in an interview with the “Interfax-Ukraine” news agency.

According to the committee chair, the next session of the Verkhovna Rada will decide on a single tax limit, and for them, there will be no alternative.

Getmantsev emphasized that, overall, Ukraine needs to implement a reform of personal income taxation, part of which is the reform of the single tax, and noted that this is provided for in the National Revenue Strategy for 2024–2030.

“We must implement the Polish flat-rate tax model: cash registers from the start, turnover limits of up to EUR2 million, and a single VAT threshold for both sole proprietors and others. The specific amount can be discussed, but it must be uniform. And within the framework of the flat-rate tax, there should be different rates for different types of activities,” the committee chair noted.

In Poland, the VAT exemption threshold was raised this year from 200,000 to 240,000 zlotys, which is approximately EUR56,600, or nearly 3 million hryvnias.

According to Getmantsev, the rate is 3% for retail trade and 10% or higher for services.

“We simply need to follow Poland’s example and make such a serious, correct decision once and for all. But that will have to wait until after the war,” he added.

The committee chair also believes that all these changes must be implemented at once, rather than gradually “chipping away at the problem piece by piece,” because that is an entirely unproductive approach.

“I cannot support any half-measures, because in reality they generate just as much negativity and backlash as major decisions and reforms, but with far less impact. Therefore, after the war, there must be a major reform of personal income taxation, including the flat tax. Incidentally, a progressive tax scale is also provided for there. This is the right decision, and I strongly support it,” Getmantsev noted.

At the same time, he supported the adoption this year of a law to simplify VAT administration, the text of which is currently expected from the Ministry of Finance.

“I believe that until the threshold for sole proprietors is reached—for example, EUR2 million based on the Polish model—tax invoices should not be blocked at all, even if VAT is paid. In other words, the rules for blocking tax invoices should not apply to sole proprietors until they reach the single tax threshold. And there are many other measures that simplify administration,” said the head of the relevant parliamentary committee, among other things.

As previously reported, the adoption by the end of March of this year of a law abolishing the VAT exemption under the simplified tax system was a condition of the new program with the International Monetary Fund (IMF), launched at the end of February of this year. It was later reported that the deadline for fulfilling this requirement had been postponed by approximately one year.

In addition, at the end of May, the Verkhovna Rada ratified the terms for providing Ukraine with macro-financial assistance as part of a loan from the European Union to support Ukraine. Under these terms, a bill containing measures to reform the preferential tax regime must be submitted to parliament by the end of the year, which will generate additional revenue of at least 70 billion hryvnia per year.

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Ukrainian Red Cross Disbursed 94.8 Mln UAH in Aid Over Two Months

The Ukrainian Red Cross (URC) disbursed over 94.7 million UAH in cash assistance to vulnerable groups over two months

“Between April and May 2026, the Ukrainian Red Cross provided cash assistance to 7,896 people in frontline and war-affected communities, totaling 94,798,790.5 UAH.”

Support is provided to the most vulnerable people living within 50 km of the front line or affected by the war, particularly in the Kharkiv, Zaporizhzhia, Donetsk, Mykolaiv, Dnipropetrovsk, Chernihiv, Kherson, Sumy, and Odesa regions.

Financial assistance was provided to individuals with Group I and II disabilities, parents of children with disabilities, single mothers and fathers, single pensioners, households consisting exclusively of elderly people, as well as large families. Support was also provided to evacuees who were forced to leave their homes due to active hostilities and shelling. Assistance was also provided to people affected by shelling—due to damage or destruction of their homes, injuries, or the death of family members.

As reported, effective April 1, 2026, the Ukrainian Red Cross adopted a new approach to providing cash assistance to the population affected by the war. General-purpose cash assistance was replaced by targeted cash assistance, allowing for more tailored support to individuals based on their needs and life circumstances.

The Ukrainian Red Cross is implementing this program with support from the U.S. government, the Danish and Norwegian Red Cross, and the International Federation of Red Cross and Red Crescent Societies.

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97–98% of war crimes cases in Ukraine are heard in absence of accused – Director of Human Rights Institute of Ukrainian Bar Association

Around 97–98% of war crimes cases in Ukraine are heard in absentia, that is, without the defendant being present, Inna Linyova, director of the Human Rights Institute of the Ukrainian Bar Association, said in an interview with the Interfax-Ukraine news agency.

According to her, this mainly concerns cases where the accused Russian serviceman is in the Russian Federation or in temporarily occupied territory, and Ukrainian investigative and judicial authorities are conducting proceedings without his physical presence.

Lynova emphasised that trials in absentia are permitted under international standards, but in such proceedings it is particularly important to ensure all guarantees of the right to a defence. Otherwise, Ukraine may face serious legal and reputational risks.

“Such a trial in the absence of the accused is permissible under international standards, but in such cases it is particularly important to ensure that the rights of the accused are protected,” she noted.

According to Linyova, problems with the quality of defence were observed in a number of proceedings: lawyers could be passive, fail to file motions, fail to examine evidence, and effectively limit themselves to a formal presence in the proceedings. In some cases, defence lawyers even used derogatory terms in relation to their clients, which contradicts the very essence of the right to defence.

The Director of the Human Rights Institute of the Ukrainian Bar Association emphasised that effective defence of those accused in war crimes cases is needed not to exonerate criminals, but to protect the interests of Ukraine itself. If the trials comply with international standards, this will strengthen Ukraine’s position as a state governed by the rule of law and reduce the risk of subsequent challenges to the verdicts in international courts.

Since July 2023, the Ukrainian Bar Association has been implementing an initiative to monitor court hearings and analyse court decisions in cases of war crimes. According to Linyova, these trials are the focus of the international community’s attention, as they relate not only to the punishment of the guilty but also to the future compensation system, the restoration of justice and Ukraine’s international reputation.

According to the Office of the Prosecutor General, the number of registered criminal offences classified as war crimes is rising rapidly. By the end of May 2024, there were 129,065 cases; by September 2025, 179,803; and by 16 April 2026, 221,929.

The Ukrainian judicial system is thus facing a massive challenge: it must simultaneously document crimes, ensure the punishment of the guilty and uphold the standards of a fair trial, even in cases that attract significant public attention.

Source: https://interfax.com.ua/news/interview/1173975.html

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