At the presentation of the May monitoring report on the implementation of the IMF program and EU assistance by the RRR4U consortium, experts discussed the status of Ukraine’s fulfillment of its commitments to international partners in the context of preparations for the Ukraine Recovery Conference 2026 across five thematic dimensions.
Roman Nitsovych, Research Director at DiXi Group, representing the European dimension, noted that no major surprises should be expected at URC 2026, as all key decisions will be approved prior to the conference.
“The European Commission has already stated that on June 16 it will propose opening the first negotiation cluster, and official approval is expected at the EU summit on June 18–19. The main question is how many clusters will be opened. Because, hypothetically, all of them could be opened,” the expert explained. He added: “Despite the optimism of Ukrainian officials regarding reforms, the reality is different: for example, the so-called ‘Kachka-Kos plan’ is practically not being implemented”.
At the same time, the dedicated Energy Platform within the conference serves as recognition of the sector’s priority and an opportunity to demonstrate that reforms are yielding tangible results. According to Roman Nitsovich, the URC 2026 can focus on the following issues:
- The National Energy and Climate Plan through 2030, an update to which is expected in June, as a political framework of goals and measures, as well as an investment guide;
- the approved Law on the Integration of Electricity Markets, which, if properly implemented, will allow European businesses to trade on the Ukrainian exchange in just two years, and vice versa;
- new auction rules for renewable energy sources (RES) and a tender for 1 GW of capacity in 2026, which allows for a fixed cash flow over 20 years;
- a tender for 1.3 GW of new generation capacity in seven regions, which also provides for support for five years after commissioning.
These examples demonstrate that European integration is truly transforming operating conditions in Ukraine’s energy market into excellent investment opportunities. The key is not to stop this reform process, concluded Roman Nitsovich.
To see what other speakers from the RRR4U consortium discussed regarding the remaining dimensions, follow the link: https://bit.ly/4dRVsXo
For more details on the status of Ukraine’s fulfillment of its obligations to international partners, read the Ukrainian version here: https://bit.ly/4uDaqrr
RRR4U (Resilience, Reconstruction and Relief for Ukraine) is a consortium of four Ukrainian civil society organisations: DiXi Group, the Centre for Economic Strategy / CES, the Institute of Analytics and Advocacy, and the Institute for Economic Research and Policy Consulting.
The event was supported by the International Renaissance Foundation.
