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July 30, 2024The US suggests that Ukraine implement reforms rather than simply increasing taxes.
This was stated by the US Special Representative for Ukraine’s Economic Recovery, Penny Pritzker, who arrived in the Ukrainian capital yesterday.
Additionally, during a briefing in Kyiv, Pritzker stated that Ukraine has huge markets that simply do not operate legally and that work needs to be done to bring them out of the shadows.
“The country is missing out on huge amounts of money due to smuggling; just because of the smuggling of Apple products, Ukraine loses $0.6 billion every year. There are also gray markets for tobacco, alcohol and electronics,” she noted.
In her opinion, the Ukrainian authorities should invest in the agricultural sector. Ukraine feeds 400 million people worldwide, and it has the potential to feed 600 million.
Pritzker also noted that Ukraine has the foundation for developing strategic infrastructure: the energy sector, construction, transport and logistics.