Ukraine advances EU accession talks, presents financial control plans to EU Commission

Ukraine has outlined its plans for implementing state financial control policies to the European Commission as part of the official screening process, marking a significant step in its ongoing efforts to align with EU standards amid the ongoing war.

Oct 9, 2024 - 19:00

Ukraine advances EU accession talks, presents financial control plans to EU Commission

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Ukraine has presented a plan for implementing state policy in financial control to the European Commission as part of the official screening of its legislative alignment needed for obtaining membership in the bloc, according to Ukraine’s Finance Ministry.

Two years have passed since Ukraine applied for EU accession on 28 February 2022, just five days after Russia’s full-scale invasion of Ukraine.

On 25 June 2024, all 27 members of the Council of the European Union unanimously approved the framework necessary to begin negotiations with Ukraine and Moldova on joining the EU.

On 8 October, the Ukrainian delegation continued negotiations in Brussels on aligning its reforms and legislation with EU standards.

The Ukrainian delegation, led by Deputy Prime Minister Olha Stefanishyna, presented plans for developing Ukraine’s policy in internal financial control, external audit, and protection of the EU’s economic interests.

“As no two public administration systems are identical, our financial control system has unique characteristics too, historically shaped and adapted to our needs.

Our main task now is further alignment with EU standards, ensuring synergy between different types of control and full public sector coverage,” said Denys Uliutin, the First Deputy Minister of Finance.

On 8 October, representatives of Ukraine and the European Commission met in Brussels for the official screening of the chapter “Economic Criteria,” which is part of the first Cluster, “Fundamentals of the EU Accession Process.”

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