Serhiy Marchenko
In the updated government led by Yulia Svyrydenko, most ministers retained their positions, some swapped chairs. Denys Shmyhal headed the Ministry of Defense, Herman Halushchenko — the Ministry of Justice, and Svitlana Hrynchuk — the Ministry of Energy.
The Verkhovna Rada supported the updated composition of the Cabinet of Ministers, proposed by Prime Minister Yulia Svyrydenko. New ministers have been appointed, including Oleksiy Kuleba, Taras Kachka, and others.
A submission for the appointment of a new composition of the Cabinet of Ministers of Ukraine has been made to the Verkhovna Rada. 13 ministers have been proposed, including Mykhailo Fedorov, Oleksiy Kuleba, and Taras Kachka.
The Verkhovna Rada of Ukraine today, July 17, begins the formation of a new Cabinet of Ministers after the dismissal of Denys Shmyhal. President Zelenskyy proposed Yulia Svyrydenko for the position of Prime Minister, and also presented candidates for other ministerial portfolios.
At the meeting of the "Servant of the People" faction, President Zelenskyy proposed Yulia Svyrydenko for the position of Prime Minister. Candidates for key ministerial portfolios, including Fedorov, Kuleba, and Kachka, were presented.
Prime Minister Denys Shmyhal has resigned and is being considered for the post of Minister of Defense. Yulia Svyrydenko is to head the government, and Mykhailo Fedorov will become the first vice-prime minister.
The candidacy of the Prime Minister of Ukraine has already been approved, a series of resignations in ministries is expected. The dismissal of ministers is scheduled for July 16, and the appointment of new ones - for the next day.
President Zelenskyy proposed Yulia Svyrydenko to head the government, which will lead to the resignation of Denys Shmyhal and the entire Cabinet of Ministers. Shmyhal may head the Ministry of Defense, and Umerov may become the ambassador to the USA.
President Zelenskyy has formed Ukraine's delegation to participate in the Ukraine Recovery Conference (URC 2025) in Rome. The delegation will be headed by First Vice Prime Minister Yulia Svyrydenko, and will include ministers from key agencies.
Minister of Finance Serhiy Marchenko expressed hope that the Verkhovna Rada will vote for changes to the state budget at the next session. The Cabinet of Ministers is preparing a comprehensive law on changes that will concern additional defense needs.
The Cabinet is preparing amendments to the state budget for UAH 400 billion for the needs of the military. Funding will be provided by exceeding revenues, domestic government bonds and grants from partners.
The Minister of Finance announced the need for additional defense funding due to wartime. Increased spending will be covered by internal resources, taxes will not increase.
Prime Minister Shmyhal stated that the government may appeal to the Verkhovna Rada to increase expenditures for the Armed Forces of Ukraine in 2025, if there is a need. The Ministry of Finance is preparing for a budget review.
NBU Governor Andriy Pyshny stated that the National Bank sees no reason to open an emission channel. He assured that there is an understanding of how to act effectively and safely for macrostability.
The Ministry of Finance is preparing changes to the state budget for 2025 due to a shortage of funds for the army. An alternative plan for 2026 is also being developed in the event of prolonged hostilities.
People's Deputy Zheleznyak initiated the dismissal of Serhiy Marchenko from the post of Minister of Finance. The reasons given were sabotage of customs reform, disruption of the terms of submission of the Budget Declaration and approval of populist initiatives.
European countries are considering purchasing American weapons for Ukraine if Trump refuses to help. Europe does not have enough weapons and production capacity to meet Ukraine's needs.
Canada plans to help Ukraine with the development of the pension system and support recovery programs. Minister of Finance Champagne held meetings with investors to discuss cooperation.
In the first 4 months of 2025, 81,928 sole proprietorships were opened in Ukraine, which is 9% less than last year. At the same time, the number of closed sole proprietorships increased by 44% and amounted to 119,895.
Tomorrow, the Rada plans to ratify an agreement with the United States on the creation of an investment fund. The funds will be used for investments and the restoration of Ukraine, and the profits will be reinvested for 10 years.
The Ministry of Finance plans to consider the possibility of increasing the minimum wage in 2026, taking into account available resources. The priority remains to provide for the military.
Minister of Finance of Ukraine Serhiy Marchenko stated that tax increases are not planned in 2025. There are enough reserves and measures to avoid appealing to parliament.
Minister of Finance Serhiy Marchenko stated that the agreement on mineral resources is attractive to both countries. It will promote investment and military assistance.
The Ukrainian delegation discussed with the IMF increasing revenues to the 2026 budget, including increasing VAT and switching to a progressive personal income tax scale, as well as de-shadowing the economy.
According to a US presidential advisor, an agreement with Ukraine on rare earth minerals will be concluded in the near future. It was also previously reported about the signing of a memorandum.
Donald Trump said that Ukraine has not signed an agreement with the United States on rare earth elements. He expressed hope that the agreement would be signed in the near future.
Ukraine has not reached an agreement on debt restructuring of $2. 6 billion. The Ministry of Finance is committed to constructive negotiations to ensure long-term debt sustainability.
According to the Minister of Finance of Ukraine, Kyiv and Washington are still resolving issues before signing the agreement. Ukraine is working to ensure that the document is approved as soon as possible, despite the attacks of the Russian Federation.
The US Secretary of the Treasury emphasized the importance of economic partnership with Ukraine and the need for a quick completion of negotiations. He emphasized support for the sovereignty of Ukraine.
World Bank leaders assured Ukraine of support and expanded assistance. They discussed the implementation of projects, attracting investments and reforms for joining the EU.