Financial assistance to Ukraine from the International Monetary Fund and the European Union and continued visa-free travel to the EU are conditional on the fight against corruption.
“Ukraine’s economic stability is bolstered by a $5 billion loan from the IMF. It stands to get another €1.2 billion in aid from the EU (as well as continuing to enjoy visa-free travel in it). Both organisations make their assistance conditional on fighting corruption,” Head of the EU Delegation to Ukraine Matti Maasikas posted on Twitter.
In addition, he shared the article “Ukraine’s Constitutional Court attacks anti-corruption laws” published by The Economist.
To recap, on 3 November, the European Union stated that Ukraine must immediately restore its anti-corruption infrastructure, warning that is a condition for providing financial assistance and visa-free travel to the EU.
On 28 October, the Constitutional Court of Ukraine released a decision declaring unconstitutional a number of provisions of the Law of Ukraine “On Prevention of Corruption” and criminal liability for inaccurate declaration of assets. The decision triggered the constitutional crisis in the country.
Experts believe that the relevant decision of the CCU stopped the process of fighting corruption in Ukraine. No solution has been found so far.