The European Union (EU) authorities are demanding that Ukraine implement tax reforms. Otherwise, the community will set stricter conditions for the 90 billion euros in funding being allocated to Kyiv, sources say, Bloomberg reported.

According to published data, Ukraine needs to increase the value-added tax to 20% for companies operating under a preferential system and having an annual income of more than 77,400 euros. Bloomberg added that this move could cause serious dissatisfaction among Ukrainian society.