KYIV, Oct 12 – The economic impact of the coronavirus pandemic will put pressure on Ukrainian cities' finances. In particular, the health crisis will lead to lower tax revenue in 2020-2021, Fitch Ratings said.

"Fitch estimates that the operating revenue of rated Ukrainian cities will be affected by lower collection of personal income tax – their major revenue source – and lower local tax proceeds, some of which were waived for a few months without compensation from the state," the rating agency said.