First vessel with humanitarian wheat shipment from Ukraine arrives in Ethiopia
The first ship carrying 25,000 tonnes of Ukrainian wheat under the Grain from Ukraine humanitarian program arrived in Ethiopia on December 3.
Economy - Latest news
04 December 2022
03 December 2022
Ambassador Markarova: Ukraine, USA cooperate to introduce new sanctions against Russia
Ukraine is directly cooperating with the United States, as well as other countries, to introduce new effective sanctions against Russia after its missile attacks on Ukrainian cities.
World cannot dare to really disarm Russia in energy terms – Zelensky
Russia has already caused huge losses to all countries across the globe by deliberately destabilizing the energy market. But, the world cannot dare to really disarm Russia in energy terms.
EU agrees on price cap for Russian oil at $60 per barrel
The Council of the European Union decided today to set an oil price cap for Russian oil at $60 per barrel.
Bloomberg: Russia reaped $1B of wheat in occupied Ukraine
Russia has stolen at least $1 billion of wheat harvested in the occupied territories of Ukraine.
In face of oil price cap, Russia building up "shadow fleet" to continue exports - media
Russia is believed to have acquired since year-start more than 100 old tankers in an attempt to create a "shadow fleet" for oil exports after a price cap is introduced.
Austria contributing EUR 20M to Ukraine Recovery Trust Fund
Austria is contributing EUR 20 million to the World Bank’s newly established Ukraine Recovery Trust Fund (URTF).
Ukraine to send nearly 60 ships carrying humanitarian cargo by end of spring as part of food security program - President
By the end of spring, Ukraine will have sent about 60 ships carrying humanitarian cargo for global food security purposes.
Canada expands sanctions against Iran over UAV supplies to Russia
Canada is imposing additional sanctions on Iran under the Special Economic Measures Regulations over the violations of human rights and contribution to Russia’s war of aggression against Ukraine.
Estonia PM: Price cap on Russian oil important step to support Ukraine
The Prime Minister of Estonia, Kaia Kallas, has praised the agreement reached on Friday on the price cap for Russian oil set at $60 per barrel.
02 December 2022
Ukrainian farmers harvest 41.9M tonnes of grain
As of December 1, 2022, Ukrainian farmers harvested grain and leguminous crops from 9.4 million hectares, which is 85% of the planted areas.
Ukraine gets $1.5B grant from United States
Ukraine's state budget has received a $1.5 billion grant from the United States, which will be used for pension payments and certain programs for state social assistance.
Energoatom, Holtec International discuss joint projects, deepening of cooperation
Energoatom National Nuclear Energy Generating Company of Ukraine President Petro Kotin and Holtec International Vice President for Ukraine Operations Riaz Awan have met and discussed further cooperation between the two companies.
IAEA chief hopes to create safety zone around Zaporizhzhia NPP by year-end
International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi hopes to reach an agreement with Russia and Ukraine in order to create a protection zone around Zaporizhzhia Nuclear Power Plant (NPP) by the end of 2022.
Ninety-six ships stuck in grain corridor due to Russia's actions
The electronic queue made it possible to make transparent the planning of entry and exit of ships in the ports of Odesa region but it does not solve the problems of inspection in the Bosphorus.
01 December 2022
VR appoints Kubrakov as Deputy Prime Minister, Infrastructure and Regional Development Minister
The Verkhovna Rada of Ukraine has dismissed Oleksandr Kubrakov from his post as Infrastructure Minister and immediately appointed him as Deputy Prime Minister, Infrastructure and Regional Development Minister.
France hands Ukraine bridges to restore transport connections in Chernihiv region
The French state-run humanitarian operator CDCS handed over to the State Highway Agency of Ukraine three river crossings to be installed in Chernihiv region.
Switzerland freezes Russian assets worth EUR7.2B
After the full-scale Russian invasion of Ukraine and the introduction of the corresponding sanctions, Switzerland froze Russian assets worth EUR 7.2 billion.
UN requests $5.7B in relief funds for Ukraine in 2023
Some 13.6 million Ukrainians affected by war have already received UN assistance this year, while a total of $5.7 billion has been requested for Ukraine for the next year.
Ukraine’s central bank to stick to fixed forex rate so far - Governor Pyshnyi
For the time being, the National Bank of Ukraine will stick to the fixed hryvnia exchange rate, as the regulator sees no reason to return to a floating rate.
EU to give EUR1M for demining in Ukraine
The European Union will additionally allocate EUR 1 million for demining efforts in Ukraine.
Norwegian PM announces long-term support for reconstruction of Ukraine
Norway plans to provide comprehensive support to Ukraine for a long time.
30 November 2022
Ukraine, United Kingdom intend to expand energy cooperation
Ukrainian First Deputy Prime Minister, Economy Minister Yuliia Svyrydenko and Rolls-Royce SMR CEO Tom Samson have discussed the supply of high-technology energy equipment to Ukraine and the prospects of using small modular reactors (SMR).
Kuleba names two ways to restore Ukraine's energy infrastructure
Ukrainian Foreign Minister Dmytro Kuleba at a meeting of the foreign ministers of the G7 countries spoke about ways to overcome the shortage of electricity in Ukraine and emphasized the importance of protecting the country's energy infrastructure from Russian missile terror.
Naftogaz CEO, US Treasury representative discuss financing of gas purchases
Oleksiy Chernyshov, CEO of Ukraine's Naftogaz, and Brian McCauley, Deputy Assistant Secretary for Europe and Eurasia at the U.S. Department of the Treasury, have discussed the need for financing gas purchases.
29 November 2022
Germany gives Ukraine EUR 56M for repair of energy infrastructure
Germany has provided EUR 56 million to Ukraine for the repair of its energy infrastructure.
Three more grain ships leave Ukrainian ports for Asia and Europe
Three more vessels carrying 61,000 tonnes of agricultural products for countries in Asia and Europe have departed from Ukraine's Black Sea ports.
Enough for winter: Shmyhal reports 14 bcm of gas in storage facilities
As winter approaches, Ukraine has 14 billion cubic meters of gas in its storage facilities and 1.3 million tonnes of coal reserves.
Ukraine can send up to 10 bulkers with grain to poor countries each month
As part of the Grain from Ukraine initiative, up to 10 ships carrying cereals can be sent from Ukraine to the world’s poorest countries every month.
Italian government allocates EUR 2M for ‘Grain from Ukraine’ initiative
The Government of Italy has earmarked EUR 2 million for Ukraine’s humanitarian initiative, Grain from Ukraine.