Everything ready for Mykolaiv ports to join grain corridor - Kim
The head of the Mykolaiv regional military administration, Vitaliy Kim, said that there are currently no official data on the ports of Mykolaiv joining the grain corridor.
Economy - Latest news
22 May 2023
Ukrainian agriculture suffers $40.2B in losses due to Russia's war - KSE
According to estimates by the Center for food and land use research at the Kyiv School of Economics (KSE Agrocenter), the Ukrainian agricultural sector suffered USD 40.2 billion in direct and indirect losses as a result of Russia's full-scale war.
Agrofusion plant resumes operations in de-occupied Snihurivka district - Kim
Agrofusion's plant in the de-occupied Snihurivka district (Mykolaiv region) resumes operations.
Finnish Gasum terminates gas contract with Russian Gazprom
Finnish state-owned company Gasum said on Monday that it had terminated a contract to buy natural gas from Russia's Gazprom Export through Russia's gas pipelines.
South Korea offering "smart city" platforms for Ukraine recovery
The Minister of Lands, Infrastructure and Transport of South Korea Won Hee-ryong is off to Poland, where he will meet with Ukraine’s officials to discuss the projects of the nation’s post-war reconstruction.
21 May 2023
Unblocking Mykolaiv ports would allow Ukraine to double agri-exports - minister
If the ports of Mykolaiv are ultimately unblocked, Ukraine will double the export of agricultural products.
Ukraine’s annual agricultural production to cut by 10% compared to 2022 – Vysotskyi
In 2023, Ukraine’s agricultural production volumes will reduce by 10% compared to 2022. However, the productive capacity and exports will be maintained.
20 May 2023
Zelensky’s Office welcomes EU restrictions on companies helping Russia bypass sanctions
The Ukrainian President's Office welcomes the EU's decision to impose sanctions against more than 90 entities that have been helping the Russian Federation circumvent the restrictions introduced over aggression toward Ukraine.
Estonia calls on EU to ban goods transit through Russia
Estonian Prime Minister Kaja Kallas has called for a complete ban on the transit of European Union goods through Russia.
19 May 2023
Ukraine's Stefanchuk, Denmark's Bodskov discuss reconstruction of Ukraine
Verkhovna Rada Chairman Ruslan Stefanchuk has met with Denmark's Minister for Business Morten Bodskov to discuss the reconstruction of Ukraine and investments in the country.
U.S. government sanctions hundreds of Russian individuals, entities
The United States, in coordination with the G7 and other international partners, is strengthening the unprecedented global sanctions and other restrictive economic measures to further degrade the Russian Federation'a capacity to wage war against Ukraine.
Bridge over Tal River reconstructed in Kyiv region
The reconstruction of a bridge over the Tal River in the Kyiv region, located on the Kyiv-Ivankiv-Ovruch highway, has been completed.
G7 leaders support Ukrainian grain exports, Black Sea Grain Initiative
The leaders of the Group of Seven countries meeting in Hiroshima, Japan, recognized the importance of continuing to export Ukrainian grain to the world market, in particular by solidarity lanes and the Black Sea Grain Initiative. They also called on Russia to stop blackmailing the most vulnerable countries with threats of a food crisis.
Shmyhal: Russia will pay for destroyed property of Ukrainians, economic losses, lost lives
Russia will definitely pay for all the stolen and destroyed property of Ukrainians, economic losses, and the lost lives of people.
Ukraine has about 10 million tonnes of grain for export left
Ukraine can still export about 10 million tonnes of transitional grain residues from previous seasons.
UK sanctions 86 Russian individuals and entities
The United Kingdom has imposed sanctions on 86 Russian individuals and entities.
EBRD to consider €3-5B capital increase to support Ukraine
At its annual meeting in Samarkand, the EBRD Board of Governors recognized the need for additional shareholder support for the bank's work in Ukraine, which has intensified since the full-scale Russian invasion, and estimated it at 3-5 billion euros.
Ukraine, United States discuss plan for restoration, protection of energy sector ahead upcoming winter
Ukraine and the United States have discussed the transparency of the use of direct budgetary assistance provided by the U.S. and the needs for Ukraine's recovery, particularly in the energy sector.
Netherlands allocates EUR 40M to support EBRD’s work in Ukraine
As part of cooperation with the European Bank for Reconstruction and Development (EBRD), the Netherlands has allocated EUR 40 million to support the EBRD’s operations in Ukraine.
Digital Transformation Ministry, SAPO agree to enhance Army of Drones project
Ukraine’s Ministry of Digital Transformation and the Specialized Anti-Corruption Prosecutor's Office (SAPO) have signed a memorandum of cooperation to strengthen the Army of Drones project within the framework of the UNITED24 platform.
18 May 2023
Grain corridor hasn't resumed operations yet, 62 vessels waiting for inspection
According to the Ministry for Communities, Territories and Infrastructure Development of Ukraine, 62 vessels are currently awaiting inspection to enter Ukrainian seaports. None of them have been approved by the Russian side.
EU's, Ukraine's economies show resilience amid Russia's war - EC's assessment
The EU's spring economic forecast recorded higher economic development indicators than those envisaged in the previous winter forecast. It showed higher-than-expected economic resilience of the EU, as well as Ukraine, in the face of Russia's ongoing military aggression against Ukraine.
EU to discuss sanctions against Russia's diamond industry at G7 summit
At the G7 summit, the European Union plans to coordinate with its partners to impose restrictive measures against Russian diamond industry and against countries and institutions that help Russia circumvent international sanctions.
Austrian Raiffeisen stops cooperation with Belarusian banks in August - media
The Austrian bank Raiffeisen has sent out notices to Belarusian banks that it will terminate correspondent relations with them starting in August.
Norway allocates about EUR 130M in grants to EBRD to help Ukraine's energy sector
Norway has provided NOK 1.5 billion (about EUR 130 million) to support the operations of the European Bank for Reconstruction and Development (EBRD) to reinforce energy security in Ukraine.
Ukraine's finance minister calls on partners to exclude Russia from EBRD
Ukrainian Finance Minister Sergii Marchenko has called on partners to exclude Russia from the EBRD and other international organizations.
Moldova announces complete rejection of Russian gas
Moldova no longer uses Russian natural gas or electricity after ending its dependence following the outbreak of Russia's full-scale war in Ukraine.
Energy infrastructure facilities hit in night attack - Ministry of Energy
As a result of Russia's nighttime massive shelling, energy infrastructure facilities were hit. More than 20 settlements were left without power.
Ukrgasvydobuvannya transfers UAH 8.21B in rent payments to budget in Jan-Apr 2023
JSC Ukrgasvydobuvannya, which is part of Naftogaz Group, transferred UAH 8.21 billion in rent payments to the consolidated budget of Ukraine in January-April 2023.
17 May 2023
Grain Deal extended for two months
The grain deal has been extended for two months.