EU provided EUR 7.2B in macro-financial assistance to Ukraine since war started – PM Shmyhal
The European Union has provided EUR 7.2 billion in macro-financial assistance to Ukraine since the Russian full-scale invasion started.
Economy - Latest news
14 December 2022
Germany announces EUR 30M contribution to Ukraine Energy Support Fund
Germany will contribute EUR 30 million for the purchase of equipment to restore the Ukrainian energy infrastructure damaged by Russian shelling.
PM Shmyhal calls on French businesses still operating in Russia to leave its market
Prime Minister of Ukraine Denys Shmyhal calls on French businesses that continue to work in Russia to leave the Russian market and not finance the Russian terrorist budget.
13 December 2022
PM Shmyhal: Russians failed to destroy Ukraine’s energy system with thousands of missiles, drones
Over one and a half months, Russia has attacked Ukraine’s energy system with thousands of missiles and drones eight times but failed to destroy it.
Zelensky: Scope of fast recovery plan includes 50,000 objects worth EUR 12B
Since the beginning of Russia’s full-scale invasion, hostilities have directly affected 11 regions of Ukraine, more than 50,000 objects need fast restoration.
Damages caused by war may reach $700B by year-end – PM Shmyhal
Damages caused by the Russian invasion of Ukraine may reach $700 billion by the end of the year.
Paris Conference: Ukraine given $1B in aid to survive winter
Following the conference in Paris, Ukraine’s partners announced the provision of $1 billion in assistance to the country to survive the winter period.
PM: Ukraine lacks own capacity to restore objects destroyed by Russia
Ukraine lacks its own capacity to restore all destroyed and damaged objects of critical and energy infrastructure.
Zelensky: At least EUR 1.5B needed for superficial restoration of energy facilities destroyed by Russia
President Volodymyr Zelensky of Ukraine stated that at least 1.5 billion euros is needed for only the superficial restoration of Ukrainian energy facilities destroyed by Russian missile and drone strikes.
Ukraine received a EUR100M loan from France
Ukraine has received a loan of 100 million euros from France, which will be used to finance priority expenses, including social and humanitarian expenditures.
Eight ships loaded with agricultural products leave Ukrainian ports
On December 13, 2022, eight ships loaded with 238.6 thousand tonnes of Ukrainian-produced agricultural products left the Odesa region’s sea ports.
Shmyhal, Grossi discuss steps to demilitarize Zaporizhzhia NPP
Ukrainian Prime Minister Denys Shmyhal and International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi have discussed the further steps needed to demilitarize Zaporizhzhia Nuclear Power Plant (NPP).
One more nuclear power unit connected to Ukraine’s energy system
One more nuclear power plant unit, which was taken out of service after Russia’s missile attack, has been connected to Ukraine’s energy system.
United States sends first shipment of power equipment to aid Ukraine
The United States has sent the first shipment of power equipment to Ukraine in order to support the country’s energy infrastructure against Russian intensifying attacks.
EU ambassadors approve EUR 18B support package to Ukraine
The European Union ambassadors approved a financial support package to provide Ukraine with EUR 18 billion in 2023.
12 December 2022
Ukraine, IFC sign memorandum to involve private investors in country’s recovery
The International Finance Corporation (IFC) will assist Ukraine with restoration and the attraction of infrastructure investments.
Galushchenko calls for international assistance after Russia’s drone attack on Odesa region
Russia’s recent drone attack on energy infrastructure in the Odesa region has not only left millions of Ukrainians without electricity but also destroyed important power equipment.
Shmyhal, Pannier-Runacher discuss France’s support for energy sector of Ukraine
Ukrainian Prime Minister Denys Shmyhal has met with French Energy Transition Minister Agnès Pannier-Runacher. The parties discussed support for Ukraine’s energy sector after Russian attacks and the need to impose sanctions on Russia, regarding the supply of nuclear fuel and nuclear energy technologies.
PM Shmyhal: OECD to open regional office in Ukraine
The Organisation for Economic Co-operation and Development (OECD) launches the process of opening a regional office in Ukraine.
Destruction caused by Russian missiles hinders use of TPPs at full capacity - operator
As of December 12, the energy system still has a capacity deficit: due to the destruction caused by the Russians, it is currently impossible to use thermal generation at full force.
NBU sold $583.4M on interbank foreign exchange market in past week
The National Bank of Ukraine (NBU) sold $583.44 million and bought $2.6 million on the interbank foreign exchange market over the past week.
Most of generating capacities in Ukraine’s power system restored - Ukrenergo
As of the evening of December 11, Ukrainian emergency teams have restored most of the generating capacities in the country's power system.
11 December 2022
Zelensky, Erdoğan discuss possible expansion of grain corridor
President of Ukraine Volodymyr Zelensky discussed the possible expansion of the grain corridor with President of Türkiye Recep Tayyip Erdoğan.
PM Shmyhal: All Ukrainian thermal and hydroelectric power plants damaged by Russian attacks
All Ukrainian thermal and hydroelectric power plants have been damaged as a result of eight waves of Russian missile attacks on Ukraine. In addition, 40% of the high-voltage network facilities are damaged to varying degrees.
Electricity supply restored to almost 90% of households in Kherson
Electricity supply has been restored to almost 90% of households in Kherson city.
Council of the EU endorses aid package for Ukraine despite Hungary’s veto – President’s Office
The Council of the European Union has endorsed a decision to provide an aid package worth EUR 18 billion to Ukraine despite Hungary’s veto.
10 December 2022
Ukrenergo to spend over EUR 400M to restore infrastructure
Ukraine's electricity transmission system operator Ukrenergo will spend more than 400 million euros on the purchase of the necessary equipment for the restoration and reconstruction of the country's energy infrastructure.
Belarus offer on Ukrainian grain exports is a trap – Lithuanian president
Lithuanian President Gitanas Nauseda has said he considers an offer by Belarus to transport Ukrainian grain through its territory to be a trap and an attempt to avoid sanctions.
EU Council adopts EUR 18B assistance to Ukraine
The Council of the European Union reached agreement on a legislative package which will enable the EU to help Ukraine financially throughout 2023 with EUR 18 billion.
Belarus to accept transit of Ukraine’s grain exports via its territory
Belarus has agreed to accept the transit of Ukrainian grain crops, intended to be exported via Lithuanian ports, through its territory.