Almost 200 companies pull from Russian market
As of February 12, a total of 191 foreign companies completely withdrew from the Russian market, which is a mere 6.2% of all foreign businesses present there.
Economy - Latest news
14 February 2023
EU blacklists Russia for uncooperative tax regime
The Council of the European Union has added four countries, including Russia, to the list of non-cooperative jurisdictions for tax purposes.
Ukraine needs up to $48 billion in funding this year - IMF head
Ukraine needs between $40 billion to $48 billion of funding this year in order for its economy to function.
Nearly UAH 40B in damage as Russian shelling causes sunflower oil spill in Mykolaiv
The damage from the contamination of the Buh Estuary with sunflower oil as a result of the Russian drone attack on the Mykolaiv storage terminal amounts to almost UAH 40 billion.
13 February 2023
National Bank fulfils conditions of IMF’s program monitoring, ready to discuss new one — governor
The National Bank of Ukraine has fulfilled the conditions of IMF’s Program Monitoring and is ready to discuss the parameters of the new program which provides for financing.
EU accounts for over half of Ukraine's agricultural exports last year
In 2022, Ukraine exported $13.1 billion worth of agri-food products to the European Union, which is 56% of total agricultural exports ($23.4 billion).
IMF mission starts its work in Ukraine
A mission of the International Monetary Fund (IMF), headed by Gavin Gray, is starting discussions with the representatives of the Ukrainian authorities as part of preparations for the revision of the Monitoring Program.
UN: More than 21M tonnes of foodstuffs already exported from Ukrainian ports
Since the Black Sea Grain Initiative was launched, more than 21 million tonnes of agricultural products have been exported from the ports of Ukraine, with corn accounting for almost half of this volume.
12 February 2023
Kyiv and four regions may avoid power cuts on February 13 - DTEK
Kyiv, Odesa, Dnipropetrovsk, Zakarpattia regions and the city of Kyiv may avoid power cuts on Monday, February 13.
Only 9% of almost 1,500 global companies leave Russian market - Podolyak
A mere 9% of almost 1,500 global companies have left the Russian market since the full-scale invasion.
Enemy hampering Ukraine’s potential efforts to reconnect Zaporizhia NPP to power system - minister
The situation of the Zaporizhia Nuclear Power Plant, which has been captured by Russian terrorists, is deteriorating. The Russians are jeopardizing the possibility of quickly reconnecting the station to the Ukrainian power system once it is liberated by the Ukrainian forces.
Ukraine “completely independent” from Russia on nuclear fuel - minister
Ukraine has diversified the supply of nuclear fuel for power generation, having severed any dependency on Russia.
World Bank, WHO believe damage to Ukraine’s healthcare system stands at $26B
The World Bank and the World Health Organization estimate the damage inflicted by Russian aggression on Ukraine's healthcare system at $26 billion.
No capacity deficit in Ukraine’s power system as two NPP units put into operation
Electricity consumption as of 11:00 remains significant due to the drop in temperature, while no power shortage is reported due to the commissioning of two nuclear power plant units and successful repair works by Ukrenergo’s crews.
11 February 2023
First amber auctions scheduled in ProZorro.Sale system for February 27
Seventeen auctions for the sale of amber, totaling more than UAH 13 million, will take place in the ProZorro.Sale system on February 27, 2023.
In Kharkiv, central heating fully restored for households
In Kharkiv, heat supplies were restored to all residential blocks that had been cut off as a result of Russian missile strikes on February 10.
Gov’t expands list of licensed importers of military goods
The Ukrainian government has expanded the list of defense companies entitled to import military goods for their own production needs and to export their own military goods.
Ukrenergo: Energy situation challenging but controlled after Russian massive attack
Following Russia’s recent missile and drone attack, the situation in Ukraine’s energy system is challenging but controlled. Emergency blackouts are introduced in Kharkiv due to the damage caused to energy objects.
Russia seeks to once again weaponize oil - White House
Washington called Moscow’s statements about a possible oil production curb another attempt to weaponize energy.
10 February 2023
Reactor unit at Khmelnytskyi NPP shuts down due to Russian attacks
On February 10, 2023, due to Russian attacks on Ukraine’s civil infrastructure, one of reactor units at Khmelnytskyi Nuclear Power Plant (NPP) shut down.
Ukraine can replace Russian, Belarusian goods worth $7B in EU market – Economy Ministry
Ukrainian industrial manufacturers can replace Russian and Belarusian goods worth $7 billion in the EU market.
Ukraine has lost three quarters of its TPP capacity - Shmyhal
Almost 20 power units of Ukrainian thermal power plants were damaged due to constant Russian missile attacks, and given the occupation of part of the facilities, Ukraine has lost three-quarters of its TPP capacity.
UAH1B corruption scheme: Searches underway in Nadra Ukrayny case
Law enforcement operatives are conducting warranted searches in the case of the illegal withdrawal of assets worth tens of millions of hryvnias from NJSC Nadra Ukrayny.
Ukraine court seizes almost 2,500 t of iron Russian-produced ore
The court ruled to seize almost 2,500 tonnes of iron ore produced by the Russian Federation.
Emergency power outages in Ukraine following Russia’s latest strikes
The main targets of today's missile attack by Russia were power plants and high-voltage grid facilities, which resulted in a significant capacity deficit in the power system. Emergency blackouts are being applied across the country’s regions.
Energy facilities damaged in six regions after Russia’s recent missile and drone attack
Russia’s recent massive missile and drone attack has caused damage to energy facilities in six regions of Ukraine. Emergency blackouts are now in effect across most regions.
JP Morgan to help Ukraine attract investment for reconstruction - economy ministry
The investment company JP Morgan will help Ukraine attract private investments for the country’s reconstruction.
Ukrainians acquire almost UAH350M worth of military bonds through Diia app - minister
Ukrainians have already purchased more than 350,000 army bonds through the Diia application for government e-services, which ensured almost UAH 350 million in revenue to the national budget.
09 February 2023
Inflation on consumer market reaches 26% in annual terms - State Statistics
Consumer price inflation in Ukraine reached 0.8% in January 2023 compared to December 2022, prices rose by 26.0% compared to January 2022, according to the State Statistics Service.
Minister Fedorov: Ukraine has no issues with Starlink terminals at the moment
Currently, Ukraine has no issues with the operation of Starlink terminals, which ensure a stable internet connection for critical infrastructure, ‘points of invincibility’, and allow Ukrainians to keep in touch with relatives.