Ukraine seizes Russian businessman’s assets worth over UAH1B
Russian businessman’s assets, located in Chernihiv region and estimated at over UAH 1 billion were transferred to the state.
Economy - Latest news
18 March 2023
Sanctions against Russia are working, but there are opportunities to toughen them - study
The Yermak-McFaul International Expert Group, led by the chief of the Ukrainian President’s Office Andriy Yermak and head of the Freeman Spogli Institute for International Studies (FSI) Ambassador Michael McFaul, jointly with Kyiv School of Economics (KSE) experts, released a report on the impact of sanctions on Russia’s economy.
Grain deal extended for another 120 days - Kubrakov
The Black Sea Grain Initiative has been extended for another 120 days.
U.S. air carriers asking authorities to bar competitors from flying over Russia
U.S. air carriers are calling on the White House and Congress to ban foreign airlines from flying to the U.S. through Russian airspace citing unfair competition.
IMF amends rules paving way for new loan program for Ukraine
The International Monetary Fund said its Executive Board on Friday (March 17) approved rule changes that would allow the Fund to greenlight new lending programs for countries facing "exceptionally high uncertainty," a move expected to pave the way for to the new program for Ukraine.
United States plans to provide $7.4 billion in aid to Ukraine through September
The United States plans to continue providing large-scale humanitarian and budgetary support to Ukraine and is going to transfer $7.4 billion in aid to the Ukrainian side through September.
PM Shmyhal: Cargo transportation up by more than 50% during ‘transport visa-free regime’
The ‘transport visa-free regime’ is an integral part of Ukraine’s integration with the EU, allowing Ukrainian entrepreneurs to enter European markets and contribute to developing the export-oriented economy.
Izmail Winery put up for sale
Ukraine's State Property Fund has scheduled a privatization auction for the sale of PJSC Izmail Winery for April 11.
Naftogaz plans to withdraw from gas imports next heating season
Naftogaz of Ukraine NJSC is making every effort to withdraw from natural gas imports as soon as next heating season, for the first time in Ukraine’s independent history.
17 March 2023
Head of Zelensky’s office calls on West to hit Russia with more sanctions
The head of the President's Office, Andriy Yermak, believes that the world's sanctions pressure on the Russian Federation is already unprecedented, but still insufficient for forcing the aggressor to stop the war.
State Property Fund holds 10 privatization auctions worth more than UAH 250M
The Ukrainian State Property Fund has held 10 privatization auctions over the past week, totaling UAH 251.2 million.
Ukraine insists that grain agreement be open-ended, extended automatically – PM Shmyhal
The Ukrainian side insists that the grain agreement be open-ended and automatically extended for a period of 120 days.
EU to provide second tranche of EUR18B aid to Ukraine next week
Next week, the European Union will transfer to Ukraine EUR 1.5 billion in a second tranche that is part of the EUR 18 billion macro-financial assistance program.
Minister Galushchenko: Energy system operating without power limits for household consumers
Ukraine’s energy system continues to operate with a surplus capacity and without power limits for household consumers. Repair works within power grid objects are underway.
Ukraine will produce nuclear fuel to replace Russian fuel on EU market - Galushchenko
Ukrainian Energy Minister German Galushchenko has visited the enterprise where nuclear fuel will be produced for domestic nuclear power units and later for export to other countries.
Gazprom's profits plunge in past year
The net profit of Russia’s energy monopoly Gazprom amounted to RUB 747.246 billion over 2022, against RUB 2.684 trillion in 2021, which was three times higher.
Energy ministry: Synchronization with ENTSO-E generated additional UAH 8.7B for Ukraine
As a result of joining the European Network of Transmission System Operators for Electricity (ENTSO-E), Ukraine has received an additional UAH 8.7 billion.
Over UAH 40B spent on social payments for March – Ukraine's Pension Fund
Ukraine's Pension Fund has spent UAH 40.5 billion on social payments this month, including UAH 33.6 billion on pensions.
Legal amber mining in Rivne region up 15 times in three years
Over the past three years, legal amber extraction in Rivne region has increased 15 times.
16 March 2023
Ukraine, EU extend ‘transport visa-free regime’ for another year
Ukraine and the European Union have extended the agreement, abolishing the need for Ukrainian carriers to obtain appropriate permits for bilateral and transit road transportation to the EU.
Russia’s statements on "grain deal" aimed to have sanctions against financial institutions eased - MFA
The Ukrainian position remains unchanged - there should be no concessions in response to Russia’s blackmail regarding the "grain deal".
Increasing hydrocarbon extraction by NATO allies to deprive Russia of resources for war - expert
The only way to deprive Russia of the means to wage war against Ukraine in the short term and to tackle the economic crisis caused by energy shortage and high oil prices is for the U.S., Canada, and Norway to increase their own oil and gas production.
NBU leaves key policy rate unchanged at 25%
The National Bank of Ukraine (NBU) has endorsed a decision to leave its key policy rate unchanged at 25%.
PM Shmyhal outlines Ukraine’s achievements after joining ENTSO-E
On March 16, 2022, Ukraine became part of the European Network of Transmission System Operators for Electricity (ENTSO-E).
Turkey was main supplier of fruits to Ukraine in 2022 – Institute of Agrarian Economics
Ukraine imported 220,000 tonnes of fruits from Turkey in 2022, the largest figure among other countries supplying these products.
IMF finalizing new lending program worth $15.6B for Ukraine - FT
The International Monetary Fund (IMF) is finalizing a new four-year lending program worth $15.6 billion for Ukraine.
Ukraine interested in close energy cooperation with Poland - ambassador
The Ukrainian authorities are interested in close energy cooperation with Poland.
Ukraine exports over 34.7M tonnes of grain in 2022/2023 MY
Ukraine has already exported 34.734 million tonnes of grain and leguminous crops in the 2022/2023 marketing year (July 2022 through March 15, 2023), according to the State Customs Service of Ukraine.
Vegetables rise in prices in February - State Statistics Service
In February 2023, most food products in Ukraine continued to rise in price, with onions and carrots rising in price the most.
15 March 2023
IMF expects to agree on new program for Ukraine in coming days
After the productive discussions between the IMF representatives and the Government of Ukraine in Warsaw, the IMF management expects to agree on a new program for Ukraine in the coming days.