Founded in 1918
Friday, 08 November 2024, 12:05
14 April 2023
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.
The restoration of Ukraine will begin already this year, and the United States actively supports Kyiv on this path.
Ukraine will get access to $115 billion of long-term support due to the assistance of the International Monetary Fund (IMF) and the G7 countries.
U.S. Treasury Secretary Janet Yellen expressed support for the Ukrainian government's dedication to reform and efforts to meet the benchmarks specified in the recently approved IMF program for Ukraine in order to put the country on a “sound economic path.”
Finance chiefs from the Group of 20 economies completed their two-day meeting on Thursday, while once again failing to issue a joint statement apparently due to divisions over Russia's war on Ukraine.
13 April 2023
The Russian Federation boosted its gasoline and gasoil exports to African countries in the first quarter of 2023 by almost 50% on year. The cargo is delivered directly to Africa.
The National Agency on Corruption Prevention has added China's Xiaomi Corporation to the list of international sponsors of war.
The real gross domestic product of Ukraine over the year 2022 decreased by 29.1%.
In Donetsk region, as a result of Russia's full-scale invasion, the property of 255 private and state-owned agricultural enterprises sustained damaged, with losses reaching UAH 2.6 billion.
The Japanese government plans to provide Ukraine with USD 3.5 billion in direct budget support in 2023.
The Swiss government intends to provide Ukraine with at least CHF 1.5 billion ($1.7 billion) more by 2028.
Sanctions against the Russian Federation do not work effectively enough, so Ukraine's partners should focus on monitoring compliance with sanctions and impose them on the countries that help Russia circumvent sanctions.
The restoration of Ukraine will be one of the largest investment projects in the history of Europe, but now the focus must be on rapid reconstruction.
In the USA, Mariupol Mayor Vadym Boychenko presented the Mariupol Reborn city recovery plan.
Prime Minister of Ukraine Denys Shmyhal has signed an agreement with the United States Agency for International Development (USAID) and the Development Finance Corporation (DFC) to promote private sector involvement and increase investment.
The Russian Federation is obliged to pay $5 billion in compensation for the losses caused by the seizure of Naftogaz Group's assets in the Autonomous Republic of Crimea in 2014.
British Finance Minister Jeremy Hunt said London was ready to provide Kyiv with additional loan guarantees worth $500 million, bringing the amount to $1 billion this year.
The memorandum on cooperation in the uranium mining industry, signed between SE NAEC Energoatom and Canada’s CAMECO will speed up the process of displacing Russia from the nuclear fuel market.
In Chernihiv region, the first biomethane production plant, which will annually produce 3 million cubic meters of gas, was connected to the main gas network.
U.S. Secretary of the Treasury Janet Yellen announced Washington's plans to provide Ukraine with additional financial support and other forms of assistance through September of this year.
Ukraine expects to receive at least $115 billion in long-term financial assistance from international partners.
Gourds will be sown on Kherson region’s right bank liberated from the Russian army.
Ukrainian Finance Minister Sergii Marchenko met with IMF First Deputy Managing Director Gita Gopinath as part of his visit to the United States to discuss the fulfillment by Ukraine of the terms of a new lending program.
12 April 2023
Ukraine's urgent need for reconstruction this year amounts to $14.1 billion to provide people with a minimum level of social and humanitarian services.
The World Bank is providing Ukraine with an additional $200 million for energy recovery.
The European Union and the Swedish Presidency of the Council of the European Union are working intensively to find a legal way to enable the Russian assets frozen in connection with the aggression to be used in the reconstruction of Ukraine.
Ukraine's energy system had a sufficient reserve of capacity as of April 12, so electricity is being exported to Moldova and, from today, to Poland.
The United States has provided $15.5 billion in financial assistance to Ukraine since Russia's invasion of Ukraine began in February 2022.
Inflation has been decreasing faster than projected by the National Bank of Ukraine (NBU) for the third consecutive month, thanks to an ample food and fuel supply, better conditions in the energy sector, improved inflation expectations, and a favorable situation in the foreign exchange market's cash segment.
As of the morning of April 12, the power system operates with a surplus of generating capacity and supplies small amounts of electricity to Moldova and Poland.