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Ukraine targets full EU alignment for banks and insurers by 2028

Photo by Markus Spiske / Unsplash

Ukraine aims to align its banking and insurance sectors with European Union regulations by 2028 as part of its bid to join the bloc, despite the challenges posed by Russia's ongoing invasion, National Bank of Ukraine Governor Andriy Pyshnyi told Reuters in an interview.

Ukraine's banking sector is already around 78% aligned with EU rules, while the insurance sector has reached approximately 55% compliance, Pyshnyi said.

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