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EBA met with Rostyslav Shurma, Deputy Head of the Office of the President of Ukraine

10/ 05/ 2022
  Today, the EBA business community had a working meeting with Rostyslav Shurma, Deputy Head of the Office of the President of Ukraine. We talked about macroeconomics, currency restrictions, critical imports, reservation of employees, modernization, and reconstruction of the country. Mr. Shurma stressed that the economic situation in the country is difficult. However, the moment of shock has already passed. Currency restrictions and a list of critical imports are in place and will continue to operate in Ukraine, probably with some adjustments. Depending on the situation, they can be gradually weakened. Over the last month, the Government has been actively working on the concept of rebuilding the country. Currently, the National Council for the Recovery of Ukraine from the Consequences of the War has been established, within which 23 working groups are already operating in various areas. The WGs include about 1.5 thousand specialists. The development of the concept should be completed in a few months. Among the sources of Ukraines reconstruction are the seizure of Russias assets abroad (USA, Great Britain, etc.). Also, the reconstruction of Ukraine will take place with the support of international donors and partners, for example, through trust funds. Regarding the reservation of workers, Rostyslav Shurma said that the state does not plan to expand the categories of persons defined by law who can leave the country temporarily during martial law. Currently, about half a million employees have already been reserved, and if there are relevant proposals, Mr. Shurma offered to submit them to the Ministry of Economy of Ukraine and the Ministry of Defense of Ukraine for processing. Rostyslav Shurma also told the business that the issue of VAT refund should be resolved promptly: it is planned that from June the refund procedure would get back to normal, but the issue of refund in previous months would take some time, as it needs verification. In conclusion, on behalf of all businesses, the EBA thanked Rostyslav Shurma and the government team for their resilience, endurance, and active work. Mr. Shurma, for his part, stressed his readiness to continue the dialogue, listen to business and discuss issues so that the state moves in the right direction. The EBA is ready to provide certain proposals on behalf of the business, so we hope for further dialogue!

Today, the EBA business community had a working meeting with Rostyslav Shurma, Deputy Head of the Office of the President of Ukraine. We talked about macroeconomics, currency restrictions, critical imports, reservation of employees, modernization, and reconstruction of the country.

Mr. Shurma stressed that the economic situation in the country is difficult. However, the moment of shock has already passed. Currency restrictions and a list of critical imports are in place and will continue to operate in Ukraine, probably with some adjustments. Depending on the situation, they can be gradually weakened.

Over the last month, the Government has been actively working on the concept of rebuilding the country. Currently, the National Council for the Recovery of Ukraine from the Consequences of the War has been established, within which 23 working groups are already operating in various areas. The WGs include about 1.5 thousand specialists. The development of the concept should be completed in a few months. Among the sources of Ukraine’s reconstruction are the seizure of Russia’s assets abroad (USA, Great Britain, etc.). Also, the reconstruction of Ukraine will take place with the support of international donors and partners, for example, through trust funds.

Regarding the reservation of workers, Rostyslav Shurma said that the state does not plan to expand the categories of persons defined by law who can leave the country temporarily during martial law. Currently, about half a million employees have already been reserved, and if there are relevant proposals, Mr. Shurma offered to submit them to the Ministry of Economy of Ukraine and the Ministry of Defense of Ukraine for processing.

Rostyslav Shurma also told the business that the issue of VAT refund should be resolved promptly: it is planned that from June the refund procedure would get back to normal, but the issue of refund in previous months would take some time, as it needs verification.

In conclusion, on behalf of all businesses, the EBA thanked Rostyslav Shurma and the government team for their resilience, endurance, and active work. Mr. Shurma, for his part, stressed his readiness to continue the dialogue, listen to business and discuss issues so that the state moves in the right direction. The EBA is ready to provide certain proposals on behalf of the business, so we hope for further dialogue!

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