Negotiating chapter “Free movement of capital”: what needs to be done to bring Ukraine’s accession to the EU closer?

Find the preliminary studies on the sections “Freedom of establishment and freedom to provide services” and “Economic and monetary policy” via the links.

Freedom of capital movement is a key element of integration into the EU, which promotes economic development and requires the candidate countries to comprehensively harmonize legislation and regulatory mechanisms.

• The free movement of capital is one of the four fundamental freedoms of the European Union, which allows individuals and legal entities to freely move financial resources between member states without restrictions.
• As part of negotiations on joining the EU (Chapter 4 “Freedom of Capital Movement”), the candidate countries must demonstrate their readiness to remove all restrictions on the movement of capital and harmonize national legislation with EU law.
• Despite the general principle of free movement of capital, the EU allows temporary or permanent exceptions, in particular, to combat money laundering, prevent financial risks or protect national security.

According to the European Commission, Ukraine is between a certain and a moderate level of preparation for accession under the “Freedom of Capital Movement” negotiation section.

The material has been prepared with the support of the European Union and the International Renaissance Foundation within the framework of the joint initiative “European Renaissance of Ukraine”. The material represents the position of the authors and does not necessarily reflect the position of the European Union or the International Renaissance Foundation.