Kazakhstan shuts trade representation in Russia
The Government of Kazakhstan decided to liquidate the country’s trade representative office in Russia.
Economy - Latest news
27 February 2023
U.S. Energy Secretary “amazed” at pace of infrastructure restoration in Ukraine following Russian strikes
Washington is amazed at how quickly Ukrainian experts restore power grids damaged by Russian missile and drone strikes.
Billionaire Ackman donates $3.25M for ambulances in Ukraine - Reuters
Billionaire hedge fund manager Bill Ackman has pledged $3.25 million to help buy more than a dozen ambulances for Ukraine as it defends itself against Russia's invasion.
26 February 2023
Ukraine, Saudi Arabia deepen cooperation in investment, energy sectors – Yermak
Ukraine and the Kingdom of Saudi Arabia have agreed to deepen cooperation in the investment and energy sectors. The parties also discussed Saudi Arabia’s involvement in the ‘grain initiative’, support for the Ukrainian Peace Formula and counteracting Russia’s attacks by Iranian drones.
Ukrenergo: Electricity consumption reduced compared to Saturday
The consumption of electricity across Ukraine has reduced compared to Saturday, and there is currently no capacity deficit in the energy system.
Energy ministry: Ukraine may export carbon-free electricity, green hydrogen
Ukraine has good prospects for exporting not only carbon-free electricity but also green or low-carbon hydrogen.
Dutch foreign minister says country no longer depends on Russian gas
Russia’s full-scale invasion of Ukraine has forced the Netherlands to realize the malign nature of being dependent on Russia in terms of gas imports.
Russia suspends oil supplies to Poland via Druzhba pipeline
The supply of oil from the Russian Federation to Poland through the Druzhba trunk pipeline has been stopped.
25 February 2023
Ukraine's energy minister hopes power consumption limits will no longer be needed
The situation with electricity supply in Ukraine has improved significantly, so there could be no power outages any longer.
Most G20 nations condemn Russia's war in Ukraine
Finance ministers of the world's largest economies strongly condemned Moscow for its war on Ukraine on Saturday, with only China and Russia itself declining to sign a joint statement.
Ukrgazvydobuvannya receives more than 62 tonnes of equipment from Sweden
This week, the Ministry of Energy sent JSC "Ukrgazvydobuvannya", Ukraine’s largest gas producer, a batch of powerful generators and electric accumulators with a total weight of more than 62 tonnes. This energy equipment is another assistance package from Swedish partners to the energy sector of Ukraine.
Ministry of Energy: Ukraine may launch green or low-carbon hydrogen exports
Ukraine has good prospects of becoming an exporter not only of carbon-free electricity but also of green or low-carbon hydrogen.
Ukraine’s customs reform scheduled for 2023
In 2023, the Cabinet of Ministers of Ukraine is planning to carry out customs reform that will include six steps.
PM Shmyhal: Government expects to implement tax reform after war
Ukraine is holding talks with the International Monetary Fund (IMF) regarding the work on tax reform, which is expected to improve the investment climate.
EU outlines details of 10th package of sanctions against Russia
The tenth package of sanctions against Russia, which has recently been adopted by the European Union, provides for the strengthening of control over import-export operations, namely export bans on critical technology and industrial goods.
Ukraine has more than UAH 150B to restore housing, critical infrastructure - Shmyhal
Ukraine currently has more than UAH 150 billion for the reconstruction of housing and critical infrastructure.
PM Shmyhal outlines details of macro-financial assistance from partners
The EU announced an $18 billion macro-financial aid package to Ukraine, and the USA will provide our country with up to $10 billion by September. In addition, there are many aid agreements with other countries.
World Bank announces $2.5B in additional financing for Ukraine
The World Bank announced $2.5 billion in additional grant financing for Ukraine.
Shmyhal: Government to look for ways and opportunities to expand support for agricultural sector
The Government will look for new ways and opportunities to expand support for the Ukrainian agro-industrial complex and improve agricultural logistics.
Government endorses industrial park development strategy until 2030
The Cabinet of Ministers of Ukraine has endorsed the Strategy for the Development of Industrial Parks for 2023-2030, which will contribute to the creation of an attractive investment environment and the sustainable development of national economy.
United States disbursing $9.9B in additional budgetary support to Ukraine
This week, as a result of the bipartisan support of Congress, the United States began disbursing $9.9 billion in additional budgetary support to the Government of Ukraine.
EU approves 10th package of sanctions against Russia
The European Union has approved the tenth package of sanctions against Russia due to its brutal and illegal invasion of Ukraine.
24 February 2023
State Service for Geology announces first auctions for 2023
The Ukrainian State Service for Geology and Mineral Resources has offered 12 mineral deposit sites for auction at the total starting price of UAH 13.785 million in 2023.
U.S. announces another package of Russia sanctions
Targeting Russia’s key sectors, evasion efforts, and military supplies, the U.S. Treasury has expanded and intensified sanctions against Russia.
Reconstruction main task for post-war period - PM Shmyhal
Without waiting for the war to end, Ukraine continues to work on the reconstruction of energy, housing, critical, and social infrastructure.
Rada adopts bill on transparency in defense procurement
The Verkhovna Rada on Friday passed a law aimed at ensuring a transparent and open defense procurement process. This will help the public monitor budget spending in the defense sector.
FATF suspends Russia's membership
The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, has decided to suspend Russia's membership of the organization.
EU probing rising exports of sanctioned goods toward Russia's neighbors
The European Union is set to investigate growing exports to countries that are Russia's neighbors, believing that this way, suppliers may be circumventing Western sanctions.
Ukraine awaiting FATF's decision on blacklisting Russia - NBU governor
On the anniversary of Russia’s full-scale invasion, the Financial Action Task Force, FATF, is holding a plenary meeting. Therefore, today Ukraine is waiting for the historic decision of the member states on expelling Russia from the organization and putting it on the "black list."
Ukraine’s defense industry can reduce Russian geopolitical influence - expert
Russia’s arms sales remain a critical component of its economy. With the West’s help, Ukraine could work to displace Moscow in key markets, thus weakening its global influence.