Ukraine and the IMF are discussing new financing terms without an excise tax on sugary drinks
Ukraine has temporarily avoided the introduction of an excise tax on sugary drinks during negotiations with the International Monetary Fund. However, to obtain a new loan program, the government will have to make other tough decisions.
The head of the Verkhovna Rada Committee on Finance, Tax, and Customs Policy, Danylo Hetmantsev, reported that the discussion of difficult decisions took place in joint consultations with the Ministry of Finance and the Cabinet of Ministers. “Some proposals, like the excise on sugary drinks, were removed from discussions,” Hetmantsev noted.
At the same time, Hetmantsev emphasized that the planned decisions remain difficult and require active support from international partners, including the IMF. He noted that the cooperation program is a key factor for further financial support for Ukraine.
The extended financing program, discussed during previous negotiations with the IMF mission led by Gavin Gray, concerns the period from 2026 to 2029. Ukraine was expecting a larger financing program than was proposed. The terms of the new financial cooperation will have a significant impact on the country’s macroeconomic stability.
Hetmantsev stressed the importance of adapting to the terms proposed by the IMF, as Ukraine’s current financial dependence on international support is substantial.
| IMF | Discussion of new financing programs |
| Excise tax on sugary drinks | Temporarily removed from the agenda |
| Program period | 2026-2029 |
| Ukraine’s expectations | Larger program than proposed |
