Ukraine's corruption laws are softened by legal 'wins'

Significance

However, this and another piece of legislation protect judges from previous levels of scrutiny and water down the penalties for falsely declared assets. They will not satisfy domestic and international voices demanding reform.

Impacts

• The Constitutional Court dispute underlines the need for root-and-branch judicial reform.
• The Zelensky administration's handling of the crisis will harm its image, although polls show the president would still win re-election.
• The IMF looks unlikely to issue a much-needed loan tranche before the end of this year.
• Large domestic bond sales, a Eurobond issuance and an EU loan tranche will help cover the fiscal deficit.