4H Materials

Ukrainian gambling industry amidst war

In Spring 2022, following the onset of Russia’s full-scale invasion, the Ukrainian government implemented a series of extraordinary measures to keep the national economy afloat. These initiatives had a direct impact on Ukraine’s nascent legalised gambling sector, which had only been operational since late 2020. Significant policy adjustments included deferred licence fee payments during martial law and a shift to a simplified tax framework that required a single 2% income tax.

These unparalleled policy relaxations enabled the gambling industry to not only weather the storm but also to grow. The market had long been in a state of limbo, awaiting promised reforms.

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