Ukraine preparing energy system for winter, taking war-related threats into account - minister
Ukraine is preparing its energy system for the next heating season, taking into account possible military threats.
Economy - Latest news
16 May 2023
Ukraine may need $250B for recovery - EBRD
Ukraine's five-year recovery period will require additional investments of about USD 50 billion per year.
No vessels inspected within grain initiative last week - UCAB
In the 41st week of the grain corridor's operation, from May 8 to 14, 2023, not a single vessel was inspected or registered for entry into Ukrainian seaports.
EBRD expects Ukraine’s economy to grow modestly
Ukraine’s economy is expected to grow modestly as businesses adapt to war circumstances.
Ukraine can become Europe’s "power bank" - Chernyshov
Ukraine is ready to offer Europe its gas, underground gas storage facilities, and capacities for the production and transportation of biogas and green hydrogen.
ICC must hold Russia accountable for crimes against Ukraine’s energy system - minister
Ukraine insists that Russia should be held accountable by the International Criminal Court for crimes against the country’s civilian energy infrastructure.
Japan plans to offer Ukraine new technologies for post-war reconstruction
The Japanese government plans to invite representatives of the Ukrainian government to share technologies that will help rebuild the country after the devastation caused by Russia’s invasion.
Minister Kubrakov, representatives of UN and partner countries discuss Ukraine’s reconstruction
Deputy Prime Minister for Restoration of Ukraine and Minister for Communities, Territories and Infrastructure Development Oleksandr Kubrakov has met with the representatives of the United Nations, and the United States, Japan, Canada, Sweden, Norway, Germany, Italy, Spain, Denmark, Slovenia, Ireland, Switzerland, Korea, Belgium, and the Netherlands to discuss Ukraine’s reconstruction.
NBU sells $552.2M on interbank market in past week
The National Bank of Ukraine (NBU) sold $552.2 million on the interbank foreign exchange market over the past week.
15 May 2023
Russia pretends to suffer from grain deal, while in fact doubling grain exports - Ukraine at UNSC
The Russian Federation is blackmailing the world by disrupting the Black Sea Grain Initiative and pretending to suffer from its operation, while, in fact, grain exports from the Russian Federation have doubled, the Permanent Representative of Ukraine to the United Nations, Sergiy Kyslytsya, told a meeting of the United Nations Security Council on Monday.
Interruptions in grain corridor affect food, social security of African countries - MFA
Disruptions in the grain corridor affect the food and social security of African countries to which Ukraine supplies humanitarian food through seaports.
Firtash, managers of his companies informed of suspicion of gas misappropriation
The Economic Security Bureau of Ukraine (ESBU), together with the Security Service of Ukraine (SSU), exposed a large-scale scheme of theft of gas from the gas transportation system of Ukraine. ESBU and SSU informed Dmytro Firtash and the top management of his companies about the suspicion.
Firtash to be served with suspicion, heads of his companies searched - source
Today, the Security Service of Ukraine (SSU) and the Economic Security Bureau of Ukraine (ESBU) will serve businessman Dmytro Firtash with a notice of suspicion of committing a crime.
First list of projects for restoration worth almost UAH 18B prepared
The interagency working group prepared a list of projects with preliminary prioritization for the allocation of funds for recovery from the Fund for the Liquidation of the Consequences of Armed Aggression.
Melitopol mayor: 90% of enterprises in occupied part of Zaporizhzhia region not operating
Russian invaders have seized all enterprises in the occupied part of the Zaporizhzhia region, and 90% of them are not operating.
14 May 2023
Japan to send power equipment worth $40M to Ukraine
As part of the Emergency Recovery Program implemented in accordance with the Grant Agreement between the Government of Ukraine and the Japan International Cooperation Agency, equipment for substations worth JPY 5.135 billion will be handed over to the National Energy Company “Ukrenergo”.
13 May 2023
G7 countries boost Ukraine aid to $44B
After three days of negotiations, the finance ministers of the G7 countries increased their commitment of economic and budget support for Ukraine for 2023 and early 2024 to $44 billion.
Ukraine receives $132M from World Bank for agricultural sector
Ukraine has received a loan worth $132 million from the World Bank to develop the agricultural sector.
Since Russia’s full-scale invasion, Ukraine falls short of 30% of workforce - study
Since Russia launched a full-scale invasion of Ukraine, the embattled nation has lost access to 5.5 million able-bodied Ukrainians, roughly 30% of its workforce.
Energoatom preparing to change personnel at Zaporizhzhia NPP immediately after de-occupation
Energoatom National Nuclear Energy Generating Company is conducting training for the personnel who will enter Zaporizhzhia Nuclear Power Plant (NPP) and start working immediately after the plant’s de-occupation.
12 May 2023
Head of State imposes sanctions on companies related to pro-Kremlin oligarch Medvedchuk
Ukrainian President Volodymyr Zelensky has enacted another package of sanctions, introducing restrictive measures against the property of Russian companies in Ukraine and the property of the Ukrainian economic entities affiliated with them.
Belgium releasing EUR 92M in support of Ukraine from tax revenue on frozen Russian assets
Belgium has approved a new financial aid package for Ukraine, totaling EUR 92 million. These funds will come from additional tax revenue generated on frozen Russian assets located in Belgium.
U.S., German treasury ministers discuss how to prevent Russia from circumventing sanctions
U.S. Secretary of the Treasury Janet Yellen met with her German counterpart Christian Lindner on Friday to discuss countering Russia's evasion of Western sanctions imposed on it over its war against Ukraine.
Slovakia cancels unilateral restrictions on imports of agricultural products from Ukraine
The Government of Slovakia today approved a proposal of the Agriculture Ministry to cancel the unilateral ban on imports of agricultural goods from Ukraine, only EU legislation will apply to imports of these products into the country.
Zelensky imposes sanctions against 41 people who helped Russia control Zaporizhstal
President Volodymyr Zelensky signs a decree imposing sanctions on 13 individuals and 28 legal entities that helped Russia maintain control over Zaporizhstal (Ukraine's steel maker).
Gov't, together with EBRD, mulling project to restore Ukraine’s railway system - PM
The Ukrainian government, jointly with the European Bank for Reconstruction and Development, is preparing a EUR 200 million railway recovery project.
Ukraine exports over 43.3M t of grains, pulses
In the current marketing year (MY) (from July 1, 2022, to May 12, 2023), Ukraine exported 43.336 million tonnes of grains and pulses.
G7 nations talk options for handing Russia’s frozen assets to Ukraine
The Group of Seven nations is discussing ways to transfer to Ukraine Russian assets frozen in foreign jurisdictions.
List of Russian oligarchs with assets in Ukraine presented in Kyiv
StateWatch expert organization jointly with the YouControl analytical system presented a register of Russian oligarchs who own assets based in Ukraine.
Ukrainian MFA explains importance of ‘grain corridor’ to diplomats from Arab Gulf states
Ukraine’s Special Representative for the Middle East and Africa Maksym Subkh, at a meeting with diplomats from the Arab states of the Gulf, emphasized the importance of ensuring uninterrupted operation of the Black Sea Grain Corridor.