UAE sending 2,500 generators to Ukraine
The United Arab Emirates has announced the delivery of 2,500 generators to Ukraine to help the population survive the winter.
Economy - Latest news
24 December 2022
Significant power shortage in Ukraine’s energy system - Ukrenergo
There remains a significant shortage of electricity in Ukraine’s power system, with the most difficult situation being observed in Kyiv region, eastern and southern regions of Ukraine as of December 24.
IAEA: Consultations on safety zone around ZNPP will continue
Director General of the International Atomic Energy Agency (IAEA) Rafael Mariano Grossi held another round of talks in Moscow on the establishment of a demilitarized zone around the Zaporizhzhia NPP captured by the Russians.
Ukraine received more than 200 power equipment shipments – PM Shmyhal
Ukraine has already received more than 200 power equipment shipments.
Ukraine’s economy, public institutions turned out to be much stronger than expected – Rashkovan
Ukraine and Ukrainians have set an example of military, economic and institutional resilience for the whole world, as well as the ability to quickly adapt to challenging conditions.
23 December 2022
UK to give Ukraine $500M through World Bank project
The United Kingdom will provide Ukraine with $500 million through a World Bank project to pay social assistance to families with children and pay salaries to employees of state-owned higher education institutions.
IMF believes Russia loses European gas market for good
Russia has lost what was left of access to the European gas market because Europe finally understood that Russian gas is a tool of war rather than an economic one.
European Commission transfers EUR 66M to Ukraine for reconstruction of destroyed schools
The European Commission has transferred 66 million euros to Ukraine for the restoration of schools destroyed by enemy shelling.
Zelensky thanks Netherlands for allocating EUR 2.5B in aid to Ukraine
Ukrainian President Volodymyr Zelensky and Dutch Prime Minister Mark Rutte have discussed the issue of strengthening Ukraine's defense capabilities and ensuring its energy stability.
Rosatom must be sanctioned as nuclear arms manufacturer - Finnish MP
Finland severed cooperation with Russia’s Rosatom nuclear giant due to the company's participation in the production of nuclear weapons. The European Union should follow in Finland’s footsteps and impose sanctions against Rosatom on the same grounds.
Ukraine already received $370M in financial aid from UN World Food Programme
Ukraine has received more than 137,000 tonnes in humanitarian food assistance and more than $370 million in financial aid from the United Nations World Food Programme (WFP) since the Russian full-scale invasion started.
State Property Fund announces privatization auction for Ust-Dunaisk Port
The Ukrainian State Property Fund has prepared Ust-Dunaisk Sea Commercial Port State Enterprise for privatization.
22 December 2022
Zelensky says new agreements reached to help Ukrainian energy workers
Ukrainian President Volodymyr Zelensky has said that following his visit to the United States, new agreements were reached regarding assistance to the Ukrainian energy industry.
US imposes new sanctions on Russia
The U.S. Department of the Treasury on Thursday released a list of new sanctions against Russia, which includes ten Russian companies and research institutions related to the marine technology sector.
Transition of businesses to power generators may cause higher inflation - Ministry of Economy
The shelling of energy infrastructure will have no significant impact on consumer price dynamics, but the shift of businesses to power generators could cause inflation to increase by 1-2 percentage points in 2023.
Ukraine hopes oil embargo to halve Russian profit
The Ministry of Economy of Ukraine expects that the EU embargo on Russian oil and petroleum products should reduce Russia's profits in this area by at least 50%.
Five ships with agricultural products left Ukrainian ports in past two days
As part of the grain initiative, five ships carrying 221,000 tonnes of agricultural products for Asia and Europe left the ports of Odesa region over the past two days.
21 December 2022
Business Development Fund to finance investments of SMEs in energy efficiency
In cooperation with Ukrgasbank JSC, the Business Development Fund (BDF) will finance the investments of small and medium-sized enterprises (SMEs) in energy saving and energy efficiency.
Ukraine boosts agricultural exports by 800,000 tonnes in December
On December 1-18, 2022, Ukraine exported 3.6 million tonnes of agricultural products, showing an increase of 800,000 tonnes compared to the first half of November this year.
State Property Fund prepares first small privatization auctions for 2023
The Ukrainian State Property Fund has announced the first 7 small privatization auctions in the ProZorro.Sale system that will take place in January 2023.
World Bank approves additional $610M aid package to Ukraine
The World Bank has approved an additional financing package totaling $610 million to address urgent relief and recovery needs in Ukraine as the war with Russia continues.
20 December 2022
Ukraine’s trade turnover reached $90.1B in Jan-Nov 2022
In January-November 2022, Ukraine imported $49.4 billion worth of goods, while the exports of goods came to $40.7 billion.
Government approves draft Grant Agreement with Switzerland for railway infrastructure rehabilitation
The Cabinet of Ministers of Ukraine has approved a draft Grant Agreement between the Government of Ukraine and the Government of Switzerland regarding the improvement and rehabilitation of railway infrastructure.
U.S. Senate boosts assistance package to Ukraine and allies to almost $45B
The U.S. Senate Appropriations Committee released the fiscal year 2023 Omnibus Appropriations bill which includes, in particular, increased assistance package to Ukraine and the Allies.
Grain corridor: Four ships leave Ukrainian seaports for Africa
On Tuesday, December 20, four ships loaded with 129,000 tonnes of Ukrainian agricultural products left the seaports of Odesa region.
Blast hits Russian gas main in Chuvashia
In Russia, an explosion rocked the trunk gas pipeline Urengoi - Pomary - Uzhhorod.
$2B in U.S. assistance already in Ukraine accounts - Ministry of Finance
The budget has received grant funds from the USA in the amount of US$2 billion, which will be directed to providing pension payments and salaries to civil defense personnel, as well as financing the medical guarantee system.
IMF discusses Program Monitoring with Board involvement for Ukraine
The IMF Executive Board discussed Program Monitoring with Board involvement (PMB) for Ukraine. It is designed to help Ukraine maintain stability and catalyze donor financing.
19 December 2022
Ten-hour blackouts Kyiv’s new realities - operator
Longer power outages in Kyiv are a new reality for Ukraine’s capital, Kyiv.
EU Council agrees on gas price capping mechanism
EU energy ministers have reached an agreement on a regulation that sets a market correction mechanism against excessively high gas prices.