Ukraine told to hike taxes to unlock Western aid – media

Both the EU and the IMF are reportedly making further funding conditional on specific fiscal reforms by Kiev

Ukraine’s two main financial backers, the EU and IMF, are tying further aid to tax hikes and fiscal reforms, according to media reports.

Kiev, facing mounting battlefield pressure, is increasingly pushing for faster aid disbursements as it relies heavily on foreign funding to plug a widening budget gap and sustain its war effort against Russia. However, most multi-year support comes with strict conditions. The EU is now considering linking part of its €90 billion ($105 billion) loan package to business tax reforms, Bloomberg reported on…

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