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EU warns Ukraine may miss €3.7 billion tranche without parcels VAT law
The European Commission has said Ukraine will not receive a €3.7 billion EU macro-financial assistance tranche planned for early autumn unless it adopts a law removing the VAT exemption for imported low-value parcels. On 1 September the Verkhovna Rada failed to pass the relevant draft laws, falling short of the votes needed. The parcels legislation is one of 12 conditions of the EU program and one of four IMF-required tax bills.
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Ukraine asks EU to finance Patriot missiles from €90 billion loan; von der Leyen confirms review
Ukraine has formally requested that the European Commission finance the purchase of US-made PAC-3 interceptor missiles for Patriot air defense systems from the EU's €90 billion support loan. European Commission President Ursula von der Leyen confirmed receipt of the request on 2 September ahead of a meeting with NATO Secretary General Mark Rutte in Brussels, saying EU member states are reviewing it and that the process is "moving in the right direction." Because PAC-3 missiles are produced outside the EU and Ukraine, the purchase requires a special exemption from the loan's "buy European" rule, with the final decision resting with EU member states.