Good level of preparation (4)

Ukraine has a good level of preparation in the area of energy policy, having passed several important pieces of legislation. Further action is needed to ensure the financial and political independence of the energy regulators. Concerning security of supply, Ukraine is still missing some crucial elements to put a legal framework in place to set up compulsory emergency oil stocks. Ukraine will need to update its strategic framework to take into account developments since the outbreak of the war. Overall, the country needs to further align with and effectively implement the EU acquis in several areas of energy policy, and administrative capacity needs to be sstrengthened to ensure implementation. Further work needs to be done on approximation with the EU regulation designed to increase the transparency and stability of the European energy markets.