Bill No. 14327
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Ukraine’s Parliament Backs Joining the SEPA Payments Area in First Reading
Ukraine’s Verkhovna Rada, Ukraine’s parliament, approved a bill in first reading on joining the Single Euro Payments Area (SEPA). Final adoption is required by the end of 2026, with Ukraine also needing to bring its anti-money-laundering legislation into line with EU directives. The proposal is expected to lower cross-border payment costs and reduce European scrutiny of transfers involving Ukrainian individuals and businesses.