Ukraine developing mechanism to assess war-related environmental damage
A mechanism is being developed in Ukraine for calculating losses the Russian war inflicted on the country’s environment.
Economy - Latest news
13 March 2023
President: Ukrainians have already received 12 million LED lamps
Ukrainian citizens have already received a total of 12 million LED lamps in exchange for old incandescent lamps, which makes it possible to save up to 600 megawatts of energy.
Grain deal must be open-ended – Advisor to Office of the President
The grain deal must be open-ended, because Ukraine is a guarantor of food security for 400 million people across the globe.
12 March 2023
Shmyhal: Ukraine started second sowing campaign during the war
Ukraine this week withstood the 15th massive Russian missile attack and began the second sowing campaign during the war.
PM Shmyhal thanks Canada for banning Russian aluminium, steel imports
Ukrainian Prime Minister Denys Shmyhal has expressed gratitude to the Government of Canada for banning the import of Russian aluminium and steel products.
Ukrenergo: Electricity production volumes are enough to meet all consumer needs
Electricity production volumes in Ukraine’s energy system are enough to meet all consumer needs across the country.
Ukrhydroenerho receives another power equipment shipment from international partners
The Ukrainian Energy Ministry has handed over another power equipment shipment, totaling about 10 tonnes in weight, to Ukrhydroenerho PJSC.
UAE provides $100M in humanitarian aid to Ukraine
The United Arab Emirates has provided humanitarian aid worth $100 million to Ukraine.
11 March 2023
Zelensky: Sanctions against gambling business close schemes worth tens of billions
Sanctions against companies related to the gambling business, imposed on March 10, 2023, close schemes worth tens of billions of hryvnias.
Canada bans Russian aluminum and steel imports
Canada has introduced a trade embargo on Russian steel and aluminum, banning the import of these products.
NBU governor leaves for Warsaw to meet with IMF mission
Governor of the National Bank of Ukraine Andriy Pyshnyy went on a working visit to Warsaw to meet with the International Monetary Fund mission.
War has caused more than UAH 2 trillion in damage to Ukraine's environment
Russia’s full-scale invasion has caused more than UAH 2 trillion in damage to Ukraine's environment.
Zelensky approves NSDC sanctions against 120 individuals, 287 entities
Ukrainian President Volodymyr Zelensky has enacted a decision of the National Security and Defense Council of Ukraine (NSDC) to impose sanctions on a number of individuals and legal entities, namely those related to betting and lottery business.
Tylihul wind farm’s first stage near completion in Mykolaiv region
The construction of the first stage of the Tylihul wind farm is near completion in the Mykolaiv region.
Naftogaz offers investors revised debt restructuring scenario
Naftogaz of Ukraine NJSC has offered investors a revised scenario of restructuring the company’s debt obligations under Eurobonds, maturing in 2022 and 2026.
Ukraine, Hong Kong to expand sales markets for Ukrainian agricultural products
Ukraine and Hong Kong will work to expand sales markets for Ukrainian agricultural products, in particular frozen pork and pork by-products, poultry fat and protein processed from it.
Fifty-three actors leave non-bank financial services market in Feb - NBU
One new player emerged in the non-bank financial services market in February, while 53 participants left.
Finland to provide Ukraine with additional EUR 29M in aid
Finland will provide Ukraine with EUR 29 million in humanitarian assistance and development cooperation support.
10 March 2023
Government allocates funds for pilot project to restore energy infrastructure
The Government has allocated UAH 5 million from the State Budget Reserve Fund to implement a pilot project for the reconstruction of energy infrastructure.
Ukraine’s sunflower seed exports reach record high
From September 2022 to February 2023, Ukraine exported 1.54 million tonnes of sunflower seeds, which is a record high for the country.
Kuleba: Energy coalition will help Ukraine prepare for next winter season
Following the G7+ ministerial meeting, Minister of Foreign Affairs of Ukraine Dmytro Kuleba declared the readiness of the energy coalition to help prepare for the next winter and invest in long-term energy modernization of Ukraine.
Zelensky calls for global sanctions to block Russia's missile potential
President Volodymyr Zelensky of Ukraine insists on putting pressure on individuals and entities in Russia and other countries who help the aggressor state restore its missile potential and obtain technology.
Developers of drones can receive grants from Ukrainian Startup Fund – PM Shmyhal
Systematic support of military-tech initiatives will be one of the key tasks of the Ukrainian Innovations Development Fund (Ukrainian Startup Fund), which will help strengthen the security and defense of Ukraine.
Government dismisses Bezus as State Energy Efficiency Agency head
The government has dismissed Valeriy Bezus as head of the Ukrainian State Agency on Energy Efficiency and Energy Saving.
Galushchenko calls on international partners to deprive Russia of IAEA membership
Energy Minister of Ukraine German Galushchenko once again called on international partners to impose sanctions on the aggressor's nuclear industry and deprive Russia of the benefits of membership of the International Atomic Energy Agency (IAEA).
U.S. slaps sanctions on Chinese companies for helping Iran produce drones
The U.S. Treasury announced sanctions against a network of Chinese companies that supplied Iran with spare parts for military drones, including the Shahed-136.
Ukraine stands for extending Grain Initiative for “unlimited period”
The Head of the Ukrainian President’s Office, Andriy Yermak, had a meeting with Ukrainian and foreign journalists.
South Africa opens market for Ukrainian processed egg products
The Ministry of Foreign Affairs and the State Service of Ukraine on Food Safety and Consumer Protection opened the market of the Republic of South Africa for Ukrainian exporters of processed egg products.
Ministry of Finance: United States has provided $14B in budget support to Ukraine
Since the beginning of Russia’s full-scale invasion, the United States has provided Ukraine with over $14 billion in financial aid.
Reconstruction Agency, Business Ombudsman Council sign memorandum of cooperation
Ukraine’s State Agency for Reconstruction and Development of Infrastructure (Reconstruction Agency) and Business Ombudsman Council signed a Memorandum of Partnership and Cooperation.