Analysis of the draft law:
Analysis of the Draft Law of Ukraine “On Ratification of the Grant Agreement between the Government of Ukraine and the Government of the Italian Republic regarding the program “Restoration and Preservation of the Cultural Heritage of the Odesa Region”
Essence of the draft law
The draft law provides for the ratification of the Grant Agreement between the Government of Ukraine and the Government of the Italian Republic, which concerns the program “Restoration and Preservation of the Cultural Heritage of the Odesa Region.” Ratification means granting consent by the Verkhovna Rada of Ukraine to the binding nature of this international agreement for Ukraine. This will officially launch the mechanisms provided for in the agreement for the restoration and preservation of cultural heritage in the Odesa region with the help of grant funds from Italy.
Structure of the draft law and main provisions
The draft law consists of two parts:
- Preamble: Indicates the subject of submission (Cabinet of Ministers of Ukraine) and the date of submission of the draft.
- Main part: Contains a single article that orders the ratification of the Grant Agreement between the Government of Ukraine and the Government of the Italian Republic regarding the program “Restoration and Preservation of the Cultural Heritage of the Odesa Region,” concluded on July 10, 2025, in Rome. The agreement is attached to the draft law. It indicates that the agreement enters into force from the date of receipt of the last of the two written notifications of the parties’ completion of domestic procedures.
There are no changes compared to previous versions, as this is the only version of the draft law provided for analysis.
Main provisions important for various stakeholders
For various stakeholders, the main provisions of the draft law will have different importance:
- For legislators: The need to ratify an international agreement that will provide funding for the restoration of cultural heritage is important. This affects Ukraine’s international relations and obligations.
- For experts in the field of culture and heritage: The fact of attracting foreign funds for the preservation of the cultural heritage of the Odesa region is important. Experts are interested in the conditions and mechanisms for the implementation of the restoration program provided for in the agreement.
- For business (especially construction and restoration companies): Ratification of the agreement opens up opportunities to participate in cultural heritage restoration projects. The terms of tenders and requirements for contractors will be important.
- For citizens (especially residents of the Odesa region): Ratification means the preservation and restoration of cultural monuments of the region, which will contribute to the development of tourism and increase cultural attractiveness.
Analysis of the explanatory note:
Analysis of the draft Law of Ukraine on Ratification of the Grant Agreement with Italy regarding the Cultural Heritage of Odesa
Good day! My name is [Your Name], and I am a professional lawyer with many years of experience in Ukrainian legislation. Today, I will conduct for you an analysis of the draft law on the ratification of the Grant Agreement with Italy regarding the restoration of the cultural heritage of the Odesa region.
Essence of the draft law
The draft law proposes to ratify the Grant Agreement between Ukraine and Italy in order to officially enshrine Ukraine’s intention to receive and use grant funds from Italy for the restoration and preservation of cultural sites in the Odesa region. In fact, this is a “green light” for the implementation of a specific program aimed at preserving our cultural heritage.
Reasons for and necessity of adopting the law (according to the authors)
The authors of the explanatory note emphasize that ratification is necessary to implement the internal procedures provided for by the Law of Ukraine “On International Treaties of Ukraine.” In other words, ratification is a necessary legal step for the agreement to enter into force in Ukraine. It is emphasized that the agreement was signed within the framework of the International Conference on the Reconstruction of Ukraine, which emphasizes its importance for international support of Ukraine. The authors believe that the project will attract additional funding for the preservation of cultural heritage, especially UNESCO sites, which will contribute to the socio-economic stability of the region and the promotion of Ukrainian culture.
Main consequences and important points
Here’s what’s important to know about this draft law:
- For legislators: Ratification of the agreement demonstrates Ukraine’s fulfillment of international obligations and contributes to strengthening relations with Italy. It is important to control the targeted use of grant funds.
- For experts: The law opens the way for the implementation of a specific program for the restoration of cultural heritage. This is an opportunity for Ukrainian specialists to get involved in projects, exchange experience and introduce the latest technologies in the field of restoration.
- For business: The law can stimulate the development of the tourism industry in the Odesa region, increase investment in related areas (hotels, restaurants, transport). It is important to ensure transparent conditions for the participation of Ukrainian business in the implementation of projects.
- For citizens: Restoration of cultural heritage is the preservation of history, identity and tourist attractiveness of the region. The project will contribute to the preservation of UNESCO sites, which is extremely important for Ukraine’s international image.
- Financial aspect: The total amount of the grant is 32.5 million euros, which is a significant amount to support cultural projects. It is important that the funds are used effectively and transparently.
In summary, the draft law is an important step in attracting international assistance in the restoration of Ukraine’s cultural heritage. Ratification of the agreement will create the legal basis for the implementation of specific projects that will contribute to the preservation of cultural identity and the development of the region.
Analysis of other documents:
Analysis of financial and economic calculations for the draft Law “On Ratification of the Grant Agreement between the Government of Ukraine and the Government of the Italian Republic regarding the program “Restoration and Preservation of the Cultural Heritage of the Odesa Region”
1. Position of the author of the document:
Judging by the provided financial and economic calculations, the author (Department of Investment Policy) fully supports the draft law. This follows from a detailed study of the financial aspects, substantiation of the need to ratify the Grant Agreement, and the absence of any criticism or reservations regarding the draft.
2. Main provisions of the document, important for stakeholders:
- Financing: The main source of funding for the program is a grant from the Government of Italy in the amount of EUR 32.5 million. These funds will be transferred to the State Budget of Ukraine under code 42020000 “Grants (gifts) received by budgets of all levels.”
- Budget program: The grant funds will be used to implement the budget program “Subvention from the state budget to local budgets for the implementation of projects within the program “Restoration and Preservation of the Cultural Heritage of the Odesa Region.” This means that the money will go to the Odesa region.
- Implementation period: The program is designed for three years, from 2026 to 2028. In 2026, it is planned to use UAH 605,696 thousand, in 2027 – UAH 765,570 thousand, and in 2028 – UAH 154,804 thousand.
- Strategic goal: Restoration, preservation and protection of the cultural heritage of the city of Odesa and the Odesa region. In particular, it is planned to ensure the restoration, preservation and protection of 6 cultural heritage sites of the Odesa region.
- Impact on the budget: The draft act provides for an increase in revenues and expenditures of the state budget. The increase in revenues will occur due to the receipt of a grant, and the increase in expenditures – due to the allocation of these funds for the implementation of the program.
- Tax aspects: The contribution of the Government of the Italian Republic cannot cover taxes, VAT, duties, customs and warehouse fees. The supply of goods, works and services financed under this Grant Agreement shall be exempt from all taxes, duties and other mandatory payments.
- Risks: The main financial risk is the change in the exchange rate, since a certain exchange rate of the hryvnia to the US dollar and EUR/USD was used for calculations.
Conclusion:
This document confirms the importance of ratifying the Grant Agreement for the restoration and preservation of the cultural heritage of the Odesa region. It describes in detail the financial mechanisms for the implementation of the program, indicates the sources of funding, targets and possible risks.
