In the midst of Ukraine’s battle against Russian aggression, MP Valentyn Nalyvaichenko emphasizes the importance of also combating domestic corruption. The issue of corruption in Ukraine is recognized in Washington DC, where some are reluctant to provide further funding due to these concerns.
Transparency International’s Corruption Perceptions Index highlights Ukraine’s corruption ranking, placing it at 104 out of 180 nations assessed. With the immediate need for military support and potential long-term reconstruction costs ranging from $486 billion to $1 trillion, Ukraine’s reliance on Western donors is crucial.
Despite Ukraine’s request for access to frozen Russian assets for military and reconstruction purposes, the EU has only provided €1.5 billion in interest from these funds. The European Bank for Reconstruction and Development (EBRD) has also been involved in Ukraine, offering substantial financial assistance amidst ongoing legal disputes.
The seizure of assets by the EBRD raises concerns about Ukraine’s commitment to justice and adherence to democratic principles, potentially deterring foreign investment. The uncertain legal environment poses challenges for those looking to invest in rebuilding post-war Ukraine.
Overall, the battle against corruption in Ukraine is a multifaceted struggle that is critical to the country’s trajectory amidst ongoing conflict.
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