U.S. discussing mechanisms to transfer frozen Russian assets for rebuilding of Ukraine
Russia should compensate Ukraine for the damages it has caused due to its full-scale invasion.
Economy - Latest news
16 April 2023
Solskyi, Nagy discuss exports of Ukrainian agricultural products
Ukrainian Agrarian Policy and Food Minister Mykola Solskyi and Hungarian Agriculture Minister Istvan Nagy have discussed the situation with the export of Ukrainian agricultural products to Hungary.
Bulgaria considers imposing ban on grain imports from Ukraine
Following the example of Poland and Hungary, Bulgaria considers imposing a ban on the import of Ukrainian-produced grain.
European Commission criticizes decision of Poland and Hungary to ban Ukraine grain imports
The European Commission considers the unilateral trade decisions, which were made by Poland and Hungary to ban the import of Ukrainian grain and other agricultural products, unacceptable.
Hungary bans agricultural imports from Ukraine
Following Poland, Hungary has imposed a temporary ban on grain and oilseed imports from Ukraine.
Environmental damage caused by Russia’s war in Ukraine exceeds UAH 1.9T – Strilets
The environmental damage caused by Russia’s war in Ukraine has already exceeded UAH 1.9 trillion. However, these estimates are not final, as the Ukrainian side has no access to the mined and occupied areas at the moment.
Poland has provided nearly EUR 11B in aid to Ukraine since invasion - finance minister
Warsaw has provided PLN 50 billion (about EUR 11 billion) in aid to Kyiv, or about 2% of Poland's GDP, since the beginning of Russia's invasion of Ukraine.
Structured program of Ukraine’s reconstruction to be presented at international summit – President’s Office
A structured program of Ukraine’s post-war reconstruction will be presented at the international summit of communities and regions.
15 April 2023
Minister Solskyi on Poland’s import ban: Ukraine hopes to resolve this issue next week
On Saturday, Poland’s competent agencies endorsed a decision to suspend any agricultural imports from Ukraine. The Ukrainian side hopes to resolve this issue next week.
Ukraine’s exports through Polish border ranges from 500 to 700 kt a month
In different months, from 500,000 to 700,000 tonnes of various products are exported from Ukraine through the Polish border.
Poland bans import of grain, foodstuffs from Ukraine
The Polish government on Saturday adopted a resolution banning the import of grain and a large number of foodstuffs from Ukraine.
Zelensky enacts NSDC decision on sanctions against 692 individuals, legal entities
Ukrainian President Volodymyr Zelensky has signed decrees enacting the decision of the National Security and Defense Council of Ukraine of April 15, 2023 on the introduction of personal special economic and other restrictive measures against 438 individuals and 254 legal entities.
Ukraine may start electricity exports to Slovakia from Monday
From Monday, April 17, 2023, Ukraine may start electricity exports to Slovakia, totaling 200 megawatts per hour.
United States to provide nearly $5B more in budget support to Ukraine
The United States has provided $18 billion in budget support to Ukraine through World Bank mechanisms, with nearly $5 billion more to become available in September.
Shmyhal: It’s possible to attract up to $500B of Russia’s frozen assets for reconstruction of Ukraine
The Government of Ukraine holds negotiations with partners regarding the legal justification and practical use of frozen Russian assets, which range from $300 to $500 billion, for projects to restore the destroyed Ukrainian infrastructure.
Ukraine to restore more than 100 schools in 14 regions in partnership with UNDP, UNOPS
The Ministry of Communities, Territories and Infrastructure Development of Ukraine, the United Nations Development Program (UNDP), and the United Nations Office for Project Services (UNOPS) agreed to repair and modernize more than 100 schools in 14 regions of Ukraine.
NABU: Investigation into Kobolyev case completed
The National Anti-Corruption Bureau of Ukraine and the Specialized Anti-Corruption Prosecutor's Office completed the investigation into the case against Andriy Kobolyev, ex-CEO of Naftogaz of Ukraine.
DFC, USAID to help Ukraine attract investments for recovery
The U.S. International Development Finance Corporation (DFC) and the U.S. Agency for International Development (USAID) will help the Ukrainian government to attract public and private investments for the reconstruction of the country.
3,000 civilian infrastructure objects restored in Chernihiv region
A year after the end of active military operations in Chernihiv region, it was possible to restore 3,000 civilian infrastructure objects out of 12,000 that were destroyed or damaged.
Search for criminal assets: recovery agency gets tips from 69 banks
Sixty-nine banking institutions provide the National Agency for Identification, Search and Management of Assets Obtained through Corruption and Other Crimes (ARMA) with secret banking information about legal entities and individuals.
14 April 2023
Shmyhal discusses restoration of critical infrastructure with U.S. Secretary of Transportation
Prime Minister of Ukraine Denys Shmyhal, who is on a working visit to Washington, D.C., discussed the restoration of the critical infrastructure of our country with U.S. Secretary of Transportation Pete Buttigieg.
Ukraine, Japan sign grant agreement on $400M for reconstruction
The Ministry for Communities, Territories and Infrastructure Development of Ukraine and the Japan International Cooperation Agency (JICA) signed a grant agreement on the disbursement of $400 million. The funds will be channeled into the restoration of critical infrastructure of Ukraine damaged as a result of the war.
Ukraine preparing to start exporting electricity to Slovakia
Ukraine plans to start exporting electricity to Slovakia in the coming days.
Europe's dependence on Russian gas down to 10% since war-start - IMF
Since the onset of Russia’s full-scale aggression against Ukraine and the introduction of Russia sanctions, European countries significantly reduced their dependence on Russian gas - from 40% before the war to 10% at the current stage.
China to open new markets for Ukrainian agricultural products
The State Service of Ukraine on Food Safety and Consumer Protection cooperates with the competent authorities of the People's Republic of China to expand markets for Ukrainian agricultural products.
Ukrainian business to receive EUR 7.5M in support from European Commission
As part of the European Union’s Single Market Programme, the Ukrainian business will receive support for a total sum of EUR 7.5 million from the European Commission.
Ukraine’s recovery to require cooperation between government and private sector - Marchenko
Ukraine's rapid recovery depends largely on how quickly the private sector will develop, which requires significant foreign investments.
France ready to provide Ukraine with EUR 2B – PM Shmyhal
France is ready to provide Ukraine with EUR 2 billion within a long-term program, part of these funds will be used for the restoration of Ukraine.
White House to cooperate with Ukraine’s government within Donor Coordination Platform
Prime Minister of Ukraine Denys Shmyhal and Minister of Finance of Ukraine Sergii Marchenko met with Mike Pyle, U.S. Deputy National Security Advisor for International Economics, co-chairman of the Multi-agency Donor Coordination Platform for Ukraine, during the Spring Meetings of the World Bank Group and the IMF.
Shmyhal calls on U.S. to take lead in confiscating Russian assets
Ukraine is paying a huge price to curb Russia's imperial ambitions and can therefore count on a new "Marshall Plan" that will rebuild and transform the Ukrainian economy, including through confiscated Russian assets.