NBU sells $293M on interbank market in past week
Over the last week, the National Bank of Ukraine sold US$292.69 million on the interbank foreign exchange market, at the same time buying $15.05 million.
Economy - Latest news
13 June 2023
12 June 2023
Ukraine expects to strengthen cooperation with UAE - Ministry of Economy
Ukraine and the UAE share a mutual interest in improving the balance of bilateral trade by creating the right conditions for trade, business development and investment.
Ukraine exports over 46.7M t of grains, pulses
In the current marketing year (MY) (from July 1, 2022 to June 12, 2023), Ukraine exported 46.748 million tonnes of grains and legumes.
European Commission cancels ban on import of 12 groups of goods from Ukraine – Stefanishyna
On June 5, the European Commission extended restrictions on the import of six types of Ukrainian agricultural products, canceling instead the ban on the import of other 11-12 groups of goods.
11 June 2023
No critical shortage of agri-products expected this year despite flood in south - Agrarian Ministry
This year, Ukrainian consumers will experience no critical shortage of agricultural products due to the flooding in the country’s south, caused by the Kakhovka HPP dam blast.
Zelensky’s Office discusses with UAE delegation Russia’s sanction dodging
The Office of the Ukrainian President discussed with the delegation of the United Arab Emirates on Sunday Russia's evasion of international sanctions.
Zelensky enforces sanctions against 178 persons - decree
President Volodymyr Zelensky of Ukraine has put into effect the decision of the National Security and Defense Council to apply personal sanctions against 178 persons.
UAE to help Ukraine create sovereign wealth fund – Zelensky's office
The United Arab Emirates will help Ukraine create a sovereign wealth fund, which will involve the experience and expertise of one of the world's largest sovereign wealth funds, ADQ, and their consultants, Contango.
10 June 2023
No decisions on banning forex exchange - NBU
The National Bank of Ukraine says it has not adopted any regulations prohibiting exchange transactions involving foreign currency, in particular U.S. dollars issued in 1996 and earlier.
Zaporizhzhia NPP threat: water level in cooling pond “stable,” operator says
The water level in the Zaporizhzhia nuclear power plant’s cooling pond remains stable.
More than 1,100 km of irrigation canals left without water in Ukraine
As of June 9, 350 pumping stations and irrigation channels with a total length of more than 1,100 km were left without an irrigation source due to the Kakhovka HPP explosion.
Ukraine loses 6.5 km³ of water due to Kakhovka HPP's explosion
Ukraine has already lost 6.5 cubic kilometers of water due to Russians' blowing up of the Kakhovka hydroelectric dam.
Taiwan's Acer ships computer hardware to Russia - Reuters
Taiwan-based computer manufacturer Acer supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, after saying it would suspend its business there.
09 June 2023
Canada extends duty-free imports of Ukrainian goods
Canada's Deputy Prime Minister Chrystia Freeland today announced the extension of tariff waivers on goods from Ukraine for another year, until June 9, 2024, in order to support the embattled nation’s economy in the face of Russia’s full-scale invasion.
Ukrainian farmers to block Polish trucks on border in “mirror move”
Ukrainian farmers declare their readiness to block the entry of Polish trucks into the territory of Ukraine from June 10.
Shmyhal: Restoration of Kakhovka HPP and related works will cost about €2B
Restoration of the Kakhovka HPP will cost approximately 1 billion euros, and other related works will cost the same.
Agrarians will not be able to fully use 1-1.5M ha of land due to Kakhovka HPP's explosion - Solskyi
According to Mykola Solskyi, Minister of Agrarian Policy and Food of Ukraine, farmers will not be able to fully use 1-1.5 million hectares of agricultural land as a result of the Kakhovka hydroelectric power plant (HPP) explosion.
Agri-sector may lose up to $1.5B due to Kakhovka HPP's explosion - Agrarian Ministry
As a result of the explosion of the Kakhovka hydroelectric power plant (HPP) by Russian troops, the agricultural sector of Ukraine may suffer losses of up to USD 1.5 billion.
Russia deliberately sabotages Ukrainian grain exports - British intelligence
Russia continues to impede the export of Ukrainian grain by deliberately slowing down inspections and actively blocking some ships.
Reconstruction of state should be carried out at expense of 80% of private capital - Ministry of Economy
The reconstruction of the state in the global sense should be carried out at the expense of 80% of private capital, and for this it is necessary to create preconditions that will encourage investors to contribute to Ukraine.
Kostin, Croatia’s Justice Minister discuss tracing and freezing of Russian assets
Prosecutor General of Ukraine Andriy Kostin had an online meeting with Minister of Justice and Public Administration of Croatia Ivan Malenica.
08 June 2023
IMF to approve decision on next tranche for Ukraine in late June
A meeting of the IMF Executive Board on the first review under the Extended Fund Facility (EFF) Program for Ukraine and on the allocation of the next tranche is scheduled for the end of June.
Ukraine sends note to European Commission over Rosatom project in Hungary - Shmyhal
Ukraine has sent a note to the European Commission over possible intensification of nuclear cooperation with Russia.
Flooded lands due to Kakhovka HPP’s destruction require full agro-ecological assessment - Agrarian Ministry
Ukraine may lose millions of tonnes of crops due to the destruction of the Kakhovka hydroelectric power plant (HPP). Special methods will have to be used to restore the soil.
Ukrenergo: There is certain capacity shortage in power system
As of June 8, there is a certain power shortage in the power system, and NPC Ukrenergo calls on Ukrainians to save electricity during the evening peak hours.
Kazakhstan, Armenia, Hong Kong blocking payments from Russia over "parallel imports" of electronics - media
Banks in Armenia, Kazakhstan, and Hong Kong have lately been blocking payments from Russian companies for processors, microcircuits, and other electronics supplied through "parallel import" schemes.
Water reserves for cooling ZNPP rectors may be enough for several months - IAEA
At the Zaporizhzhia Nuclear Power Plant, work is ongoing to ensure a sufficient supply of water for cooling the reactors in case it stops coming from the Kakhovka Reservoir following the explosion at the Kakhovka HPP dam.
Lviv Airport could be reopened as part of “humanitarian corridor” - regional administration
The Danylo Halytskyi Lviv International Airport can resume its operations within a humanitarian corridor initiative.
Shmyhal: Program for Ukraine's accession to OECD launched
Prime Minister Denys Shmyhal together with Secretary-General of the Organisation for Economic Co-operation and Development (OECD) Mathias Cormann and UK Foreign Secretary James Cleverly launched the OECD Program for Ukraine within the framework of the initial dialogue on joining the Organization.
Creation of full-fledged stock market discussed at government meeting – Shmyhal
At a meeting with representatives of the Ministry of Economy and the National Securities and Stock Market Commission, Prime Minister Denys Shmyhal discussed the creation of a full-fledged stock market in Ukraine.