It'll take 3-5 years to restore irrigation systems - SFU
Under favorable conditions, it will take no less than 3-5 years to restore the reclamation systems left without water as a result of the Kakhovka hydroelectric power plant (HPP) explosion.
Economy - Latest news
15 June 2023
Belgium allocates EUR 3.5M to tackle consequences of Kakhovka HPP blast
Belgium has allocated EUR 3.5 million to Ukraine to help eliminate the aftermath of Russia’s blowing up of the Kakhovka HPP dam.
NBU leaves key policy rate at 25%
The National Bank of Ukraine (NBU) decided to keep the key policy rate at 25%.
IAEA's Grossi begins visit to Zaporizhzhia NPP
Director General of the International Atomic Energy Agency Rafael Grossi has started his visit to the Zaporizhzhia Nuclear Power Plant, temporarily captured by Russian troops.
Ukraine's PM expects IMF Executive Board to approve EFF arrangement soon
Ukrainian Prime Minister Denys Shmyhal has said he expects the IMF Executive Board to approve the Extended Fund Facility (EFF) arrangement for Ukraine as soon as possible.
14 June 2023
Vice PM Kubrakov talks Ukraine’s reconstruction with Polish businesses
Oleksandr Kubrakov, Vice-Prime Minister for Reconstruction, Minister of Community Development, Territories and Infrastructure, discusses in Warsaw on Wednesday the participation of Polish companies in the reconstruction of Ukraine.
Ireland's Kingspan Group implementing $280M investment project in Ukraine - Shmyhal
Ireland's Kingspan Group is implementing a large investment project in Ukraine worth more than $280 million, Ukrainian Prime Minister Denys Shmyhal has said.
Situation of Zaporizhzhia NPP’s cooling pond “under control” - Ukrainian operator
As of June 14, the water level in the Zaporizhzhia nuclear power plant’s cooling pond remains unchanged at 16.67m.
No damage to Ukraine's power system following latest strikes by Russia
The Ministry of Energy doesn't record any damage to the power grid as a result of the overnight strikes launched by Russia
Invaders prevent ZNPP unit 5 from going into cold shutdown
Russian invaders do not allow Ukrainian personnel of Zaporizhzhia nuclear power plant (ZNPP) to transfer power unit No. 5 to the cold shutdown state, as provided for by the SNRIU (State Nuclear Regulatory Inspectorate of Ukraine) order of June 8, 2023.
Processes at Crimean Titan disrupted to critical level - Presidential Mission in ARC
Production processes at the Crimean Titan plant in Armiansk in the temporarily occupied Crimea have been disrupted to a critical level.
Ukraine starts building water mains to supply South - PM
The Cabinet of Ministers has already allocated almost UAH 2.5 billion to provide water to the South of Ukraine, and construction of main water pipelines is underway.
Water from Dnipro not to reach Crimea for nearly 12 months - Ukrhydroenergo
After Russian invaders blew up the dam of the Kakhovka reservoir, water will not be supplied to the Crimean Peninsula via the North Crimean Canal for at least a year.
Mondelez faces boycott in Scandinavia over presence in Russia
The U.S.-based chocolate and cookie manufacturer Mondelez International is seeing a boycott in the Scandinavian countries because of retaining its commercial presence in Russia.
13 June 2023
EU to introduce war insurance to attract business to rebuild Ukraine - Dombrovskis
The European Union (EU) is working with international partners to create conditions for attracting private investment and business to restore and rebuild Ukraine. The EU also considers it necessary to develop a system of war insurance. It will allow the launch of relevant projects in Ukraine even before the end of Russia's war.
Area of Kakhovka Reservoir has decreased by 50% – Ukrhydroenergo
As of June 12, the area of the Kakhovka Reservoir has decreased by 50%.
Three large ships check in port of occupied Berdiansk
Three Russian vessels entered the temporarily occupied port of Berdiansk in southern Ukraine’s Kherson region.
Environmental damage due to Russian shelling of military facilities in Ukraine stands at UAH 298B
Damage to the environment as a result of Russia's bombing and shelling of Ukrainian military facilities in 2022 alone is estimated at UAH 298 billion.
EU to reflect needs for Ukraine's recovery in its multiannual budget - Dombrovskis
The European Union (EU) will continue to play a crucial role in Ukraine's reconstruction and recovery and plans to provide for the necessary expenditures in the revised EU's Multiannual Financial Framework (MFF) for 2024-2027.
Exports through ‘grain corridor’ grew by 65% in past week – UCAB
Over the 45th week of the operation of the "grain corridor", from June 5 to 11, 2023, 651,000 tonnes of agricultural products were exported through the seaports of Odesa region, up 65% compared to the previous week.
In lower reservoir of Dnipro HPP, hydraulic units operate with restrictions
Due to a sharp drop in the water level in the lower reservoir of the Dnipro HPP, the plant's hydraulic units are operating with restrictions.
EU eyes Ukrainian facilities for storing own gas
European Union member states are exploring opportunities for using the Bilche-Volitsko-Uherske underground gas storage facility in Ukraine for their needs this winter, weighing all the risks associated with the Russian war.
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.
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.