Baerbock pledges support for Ukraine's reconstruction at all stages
Germany is interested in a strong and prosperous Ukraine, so it will help with the state's restoration.
Economy - Latest news
21 June 2023
United States to provide $1.3B in additional aid to Ukraine – Blinken
The United States will provide $1.3 billion of additional aid to Ukraine.
EIB to allocate EUR 840M for Ukraine’s recovery
The Ukrainian Ministry for Communities, Territories and Infrastructure Development and the European Investment Bank have signed a memorandum on the allocation of EUR 840 million to implement priority projects in 2023 to restore the infrastructure of Ukraine.
British PM announces major financial support package for Ukraine
The United Kingdom will provide a major financial support package for Ukraine, including $3 billion of additional guarantees to unlock World Bank lending.
Occupiers cause damage to Ukrainian environment worth over €52B - Ministry of Environment
Russia's full-scale war caused more than EUR 52 billion in damage to the Ukrainian environment. There are still environmental losses that cannot be estimated in monetary terms.
Kubrakov: Ukraine, UN to create Community Recovery Fund
Ahead of the Ukraine Recovery Conference, Oleksandr Kubrakov, Deputy Prime Minister for Restoration of Ukraine and Minister for Communities, Territories and Infrastructure Development, and Denise Brown, UN Resident Coordinator in Ukraine, discussed the implementation of a joint community-based approach to the recovery of Ukraine.
UNDP: Damage to Ukraine's energy system caused by Russian shelling exceeds $10B
A report published Tuesday by the United Nations Development Programme and the World Bank shows that Ukraine's energy system remains extremely vulnerable and continues to operate with a reduced and limited safety margin.
President signs law resuming large-scale privatization
President of Ukraine Volodymyr Zelensky has signed a law that will help improve the management structure of the State Property Fund, as well as resume large-scale privatization.
EU to monitor imports of sanctioned goods to Russia through third countries - EU Sanctions Envoy
The European Union will constantly monitor the trade statistics of countries that may re-export sanctioned goods to Russia.
20 June 2023
Minister Galushchenko meets with management of British energy regulator
As part of the working visit to London, Ukrainian Energy Minister German Galushchenko has met with the management of the Office of Gas and Electricity Markets (Ofgem), which is the government regulator for electricity and downstream natural gas markets in Great Britain.
Government expects to sign important agreements following Ukraine Recovery Conference in London
Ukrainian representatives are starting to work in London on the eve of the Ukraine Recovery Conference.
European Commission president proposes facility of up to EUR 50B for Ukraine
President of the European Commission Ursula von der Leyen has proposed that a financial assistance package worth EUR 50 billion be allocated for Ukraine for the next four years in the form of loans and grants.
Japan to provide Ukraine with $5M in emergency aid after Kakhovka dam blast
The Japanese government has decided to provide $5 million in emergency aid to people in southern Ukraine affected by the breach of a dam at the Kakhovka Hydroelectric Power Plant.
Ukraine wants to involve World Bank in filling Fund for Elimination of Consequences of Armed Aggression
Ukraine is actively working with the World Bank to attract international partners to fill the Fund for the Elimination of the Consequences of Armed Aggression. Currently, there are preliminary agreements on the possible allocation of $400 million for infrastructure restoration.
Norway to provide NOK 250M for nuclear safety and security in Ukraine
The government of Norway will allocate NOK 250 million (over UAH 863 million) for nuclear safety in Ukraine.
More than 30,000 Ukrainians involved in Army of Reconstruction project
A total of 30,121 Ukrainians are taking part in socially useful works, and UAH 196 million has already been transferred as their salary payments.
NBU sells almost $447M on interbank market in past week
The National Bank of Ukraine (NBU) sold $446.76 million on the interbank foreign exchange market over the past week.
19 June 2023
Shmyhal outlines key aspects of Ukraine Recovery Conference in London
Prime Minister of Ukraine Denys Shmyhal outlined three key aspects that will be focused on at the Ukraine Recovery Conference in London.
Zelensky invites World Bank to reopen its representative office in Ukraine
President Volodymyr Zelensky in a phone call with President of the World Bank Ajay Banga invited the World Bank to reopen its representative office in Ukraine.
Ukraine plans to issue licenses for UAV ammunition production
In cooperation with government agencies, the Ukrainian Digital Transformation Ministry is working to enable the issue of licenses for Ukrainian companies to produce unmanned aerial vehicle (UAV) ammunition.
Ukraine studying Japan's experience of rebuilding after earthquakes to overcome consequences of Russian aggression
A Ukrainian government delegation led by Deputy Prime Minister Oleksandr Kubrakov is studying Japan's experience in rebuilding after devastating earthquakes to use it to overcome the consequences of the Russian occupation and the Kakhovka hydroelectric power plant disaster.
Japan's Reconstruction Agency to help Ukraine restore affected areas
The Ministry of Communities, Territories and Infrastructure Development of Ukraine and the Reconstruction Agency of Japan agreed on the exchange of experience in eliminating the consequences of natural and man-made disasters, as well as the provision of advisory and technical support for Ukraine’s recovery.
18 June 2023
Ukraine's govt allocates over UAH 550B for security and defense in Jan-May - PM
The Cabinet of Ministers has allocated more than UAH 550 billion for Ukraine's security and defense forces over the first five months of this year.
G7 will support restoration of Ukraine's transport infrastructure - Kubrakov
The G7 countries will support the restoration of Ukraine's transport infrastructure and promote the development of alternative logistics routes for the export of Ukrainian products.
Ukraine starts developing plan for reconstructing communities affected by Kakhovka HPP blast
Ukraine has started to create registers of communities that suffered from Russia’s blowing up of the Kakhovka HPP, as well as to develop a plan for restoring these territories.
Kubrakov takes part in G7 Transport Ministers’ Meeting
As part of the G7 Transport Ministers’ Meeting in Japan, Deputy Prime Minister for Reconstruction – Minister of Communities, Territories and Infrastructure Development of Ukraine Oleksandr Kubrakov told foreign colleagues about the challenges to Ukrainian and global logistics posed by the Russian full-scale invasion.
Norway sends 240 tonnes of equipment to Ukraine to restore energy sector
Norway has handed over more than 240 tonnes of humanitarian aid to the Ukrainian energy sector.
17 June 2023
Working group on humanitarian demining to develop mine action strategy - Ministry of Economy
The Interdepartmental Working Group on humanitarian demining will work on the development of a Mine Action Strategy.
Over 20 Japanese firms plan to attend Ukraine Recovery Conference in London
Representatives of more than 20 Japanese private sector firms may attend the international Ukraine Recovery Conference in London next week.
Ukraine exports 47.5M t of grains, pulses
In the current marketing year (MY) (from July 1, 2022, to June 16, 2023), Ukraine exported 47.49 million tonnes of grains and legumes.