Ukraine reacts to FATF failing to blacklist Russia
The Ukrainian Ministry of Finance disagrees with the decision of the Financial Action Taskforce (FATF) not to take further action against Russia despite its growing violations of FATF standards.
Economy - Latest news
23 June 2023
Danish, Croatian companies to produce demining equipment in Ukraine
Two global manufacturers of demining equipment signed memoranda with Ukrainian companies on the organization of production in Ukraine.
Production of grains, oilseeds to increase to 150M t in 10 years - Agrarian Ministry
According to the agro-industrial development strategy for the next ten years, Ukraine's grain and oilseed production is expected to increase to 150 million tonnes.
EU allocates funds to Ukrzaliznytsia to implement European integration projects
The European Union, through the Connecting Europe Facility (CEF), will allocate funds to Ukrzaliznytsia JSC to develop border crossings with the Republic of Poland, Romania, the Slovak Republic, and Hungary.
President holds meeting following Ukraine Recovery Conference in London
President Volodymyr Zelensky held a meeting with MPs and government officials following the Ukraine Recovery Conference in London.
Ukraine has potential to produce food for 600M people - Vysotsky
Taras Vysotsky, first deputy minister of agrarian policy and food of Ukraine, believes that Ukraine has the potential to increase the number of people consuming Ukrainian food to 600 million in the coming years.
World Bank to provide Ukraine with $500M for salaries of rescuers, teachers and pensions
The World Bank has become one of the leaders in mobilizing resources to help Ukraine after the full-scale war started.
22 June 2023
Shmyhal: Ukraine expects US, Canada to be first to hand over Russia’s confiscated assets
After the international commission for the confiscation of assets of the Russian Federation and the corresponding international fund are created, USA and Canada will be the first to transfer the frozen assets there.
Ukraine launching recovery process without waiting for war to end - PM Shmyhal
Ukraine is starting the recovery process without waiting for the end of the war unleashed by Russia, while international partners are helping the country in this regard.
MFA Ukraine “99.9% confident” Russia to withdraw from Grain Initiative in July
Ambassador of the Ministry of Foreign Affairs of Ukraine on special assignments, coordinator of the Council of Exporters and Investors Olha Trofimtseva has expressed confidence that Russia will quit the Grain Initiative as early as July.
EU allocates another €1.5 billion in macro-financial assistance to Ukraine
The European Union has allocated another tranche of €1.5 billion to Ukraine as part of an €18 billion macro-financial assistance program.
U.S. to give over $8M in support for displaced Ukrainians in Czechia
The United States will allocate $8.2 million to support refugees from Ukraine and organizations that provide assistance to them in the Czech Republic.
Russia actively importing Western components for arms production through China, other countries - media
Moscow is exploiting loopholes in export controls, buying through China and other countries a huge variety of Western technology to wage war against Ukraine.
Japan government to encourage companies to engage in Ukraine recovery
The Japanese government will continue to support Ukraine in its fight against the Russian invasion and post-war reconstruction, intending to hold a special meeting for Japanese companies and corporations to encourage CEOs to participate more actively in Ukraine's economic recovery projects.
Ukraine invests over UAH 500M in women entrepreneurs - Economy Ministry
The state has already invested over UAH 500 million in the development of small and medium-sized women's businesses through grants.
Ukraine attracts $51B in international aid since war started
Since the beginning of the year, Ukraine has attracted $20 billion in international financial aid, while the total amount of aid has reached $51 billion since the beginning of the war.
Developing Ukraine's agri-, energy capacities will protect world from chaos - Zelensky
President Volodymyr Zelensky is convinced that the development of agricultural and energy capacities in Ukraine will bring stability to the world and protect it from chaos.
Shmyhal outlines steps to attract frozen Russian assets for Ukraine’s reconstruction
Prime Minister of Ukraine Denys Shmyhal has outlined four necessary steps to involve frozen Russian assets in the further reconstruction of Ukraine.
World Bank to help assess damages caused by blowing up of Kakhovka HPP
The World Bank will help assess the damage caused to Ukraine as a result of the blowing up of the Kakhovka hydroelectric power station dam by Russian troops.
21 June 2023
EBRD to support Ukraine’s energy sector with EUR 600M - Shmyhal
The European Bank for Reconstruction and Development will support Ukraine’s energy sector with EUR 600 million this year.
World Bank and donors provide Ukraine with additional $1.75B of financial support
The World Bank and donors are providing Ukraine with an additional $1.75 billion in support of relief and recovery efforts.
DTEK joins UN initiative to restore Ukraine's energy sector
DTEK has joined the UN-supported Global Coalition, which aims to restore the country's war-torn energy sector and help it with its "green" transformation.
France to allocate additional €40M to Ukraine for reconstruction
France will allocate an additional EUR 40 million euros in financial aid to Ukraine for 2023.
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.
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.