National Bank of Ukraine approves internal Euro-integration plan

MOSCOW. March 27 (Interfax) - The National Bank of Ukraine has approved an internal plan of Euro-integration objectives to implement EU law in the financial sector, Ukrainian media reported, citing the regulator's website.

The plan covers the alignment of national legislation and EU legislation in banking, insurance and digital finance, as well as digital assets and digital operations sustainability.

The NBU said Ukraine planned to align its legislation with EU requirements by the end of 2027, and was currently finalizing a National Legislation Adaptation Program.

The plan takes into consideration roadmaps for Cluster 1, "Fundamentals of the EU Accession Process," recommendations from the European Commission's screening reports, commitments regarding Ukraine's negotiating positions, and key indicators within six clusters across 13 negotiating chapters.

The bulk of the tasks fall within Cluster 2, "Internal Market," and concern legislative and regulatory changes, primarily in Chapters 9, "Financial Services," and within Cluster 4, "Free Movement of Capital," which the NBU leads at interagency level.

Cluster 3, "Competitiveness and Inclusive Development," under Chapter 17, "Economic and Monetary Policy," includes tasks to strengthen the National Bank's independence and prepare for its future participation in the European System of Central Banks (ESCB).

Executing the plan will also involve coordination with other state bodies, the government and parliament.

Ukraine completed legislation screening for compliance with EU law in 2025, European Commissioner for Enlargement Marta Kos said in September. In mid-December, Deputy Prime Minister Taras Kachka said the EU Council had approved the completion of this stage and was willing to open negotiations in six clusters.