**Ukraine’s Economic Reforms: A Step Backwards?**
In a worrying trend, Ukraine has missed another deadline for implementing crucial economic reforms. The country’s failure to reboot the State Customs Service by May 11, 2025, jeopardizes up to $1.3 billion in international aid and puts its commitments to the International Monetary Fund (IMF) at risk.
According to MP Yaroslav Zhelezniak, the delay is being orchestrated by Finance Minister Serhii Marchenko and the Government Committee led by Economy Minister Yuliia Svyrydenko, reportedly under direct instructions from the President’s Office. This inaction not only violates Ukrainian law but also undermines the country’s credibility with its international partners.
**A Missed Benchmark**
The reboot of the State Customs Service is a key structural benchmark for Ukraine, and its failure to meet this deadline raises serious concerns about the country’s ability to implement reforms. The IMF has already disbursed funding tied to this reform, and the continued inaction puts future funding at risk. It remains to be seen whether Ukraine can still meet the IMF’s June 2025 deadline for appointing a new customs chief.
**Obligations to the EU**
Meanwhile, Ukraine has also missed another deadline for passing reforms related to the Asset Recovery and Management Agency (ARMA). Despite international backing from the G7 ambassadors, the draft law aimed at overhauling ARMA was not included in this week’s parliamentary agenda. This means that 300 million euros in EU funding remains at risk.
Furthermore, ARMA has publicly questioned the bill, claiming that international partners had raised concerns – an assertion at odds with the G7’s public endorsement. This lack of coordination and transparency is concerning and raises questions about Ukraine’s commitment to implementing reforms.
**A Step Forward: Critical Minerals Agreement**
On a more positive note, Ukrainian President Volodymyr Zelensky has signed the ratification of the critical minerals agreement between Ukraine and the United States. The unanimous support from all parliamentary factions is a welcome sign of cooperation and demonstrates Ukraine’s commitment to diversifying its economy.
In conclusion, while there are some positive developments in Ukraine’s economic reforms, the country’s failure to meet deadlines and implement crucial reforms raises concerns about its ability to attract international aid and investment. As the situation unfolds, it will be essential for Ukraine to demonstrate a renewed commitment to reforming its economy and implementing structural changes that benefit its citizens.
**Sources:**
* Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukraine Reforms Tracker” covering events from May 5–May 11, 2025
* Kyiv Independent
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