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Ukraine Signals Full Alignment with EU Economic-and-Monetary Rules

by Roman Cheplyk
Wednesday, June 4, 2025
2 MIN
Ukraine Signals Full Alignment with EU Economic-and-Monetary Rules

At a Chapter 17 screening in Brussels Kyiv told the Commission it needs no transition periods and is already preparing to operate the EU’s Macroeconomic-Imbalance Procedure

1 | Meeting Snapshot

Date & Venue 4 Jun 2025, Brussels – bilateral screening session
EU Accession Dossier Cluster 3 “Competitiveness & Inclusive Development”, Chapter 17 “Economic and Monetary Policy”
UA Delegation Lead Deputy Prime-Minister for European & Euro-Atlantic Integration Olha Stefanishyna
EC Counterpart Directorate-General for Economic & Financial Affairs

2 | Key Messages from Kyiv

  • No derogations requested

    “We seek no transitional periods and no accelerated-integration carve-outs,” Stefanishyna stated.

  • Legal convergence well advanced
    – Core monetary-policy and central-bank legislation already mirrors EU standards.

  • Macroeconomic-Imbalance Procedure (MIP)
    – Ukraine will adopt the full MIP toolkit for early detection and correction of economic risks.

  • Governance & integrity focus
    – Anti-corruption controls for recovery funds (Ukraine Facility) highlighted as part of macro-stability architecture.


3 | Strategic Context

Objective Rationale
Monetary-policy alignment Anchors price stability, supports post-war reconstruction and investor confidence.
MIP implementation Moves the country onto the same surveillance platform as euro-area members, easing eventual ERM II dialogue.
Transparent fund management Essential for €50 bn Ukraine Facility disbursements and wider donor mobilisation.

4 | Regulatory & Institutional Roadmap (Indicative)

| Q3 2025 | Publish secondary legislation to operationalise MIP indicators and scoreboard. |
| Q4 2025 | NBU – adopt macro-prudential toolkit aligned with ESRB guidelines. |
| 2026 | Integrate MIP reporting into State Statistics Service and Ministry of Economy workflows; begin first full-cycle Alert Mechanism Report. |


5 | What’s Next

  • Commission assessment of Chapter 17 readiness feeds into the draft EU common position.

  • Cluster-level progress: education/culture (Chapter 26) screening already completed; financial-services and taxation reviews scheduled for H2 2025.

  • Goal: secure opening of first negotiation cluster before year-end, as forecast by European Commissioner for Enlargement Marta Kos.

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