At least 5M Ukrainians lost jobs due to war unleashed by Russia
At least 5,000,000 people in Ukraine have lost jobs due to the war unleashed by Russia.
Economy - Latest news
20 November 2022
Eight grain ships leave Ukrainian ports over past two days
Eight ships carrying 342,000 tonnes of agricultural products have left Ukraine's Black Sea ports for countries in Africa, Asia and Europe over the past two days.
Ukraine hopes international partners will help rebuild country – economy ministry
Ukraine is counting on the support of international partners in rebuilding the country and implementing social programs aimed at returning Ukrainians home.
Ukraine carries out another test supply of electricity from Slovakia
JSC Energy Company of Ukraine has carried out another test supply of electricity from Slovakia Europe.
19 November 2022
Ukraine counts on macro-financial assistance from the UK in 2023
Ukrainian Finance Minister Sergii Marchenko has met with the newly appointed Chancellor of the Exchequer of the United Kingdom Jeremy Hunt in London and stressed the need for additional financing of Ukraine’s state budget in 2023.
Nine grain ships left Odesa region’s ports over two days
Nine ships loaded with 162,000 tonnes of Ukrainian-produced agricultural products for African, Asian and European countries have left the Odesa region’s ports over the past two days.
Ukraine’s power system might do without additional emergency blackouts on Sat - operator
National Energy Company Ukrenergo suggests this Saturday no additional emergency power shutdowns will be required across Ukraine.
Work on balancing power system continues 24/7 in Odesa
In Odesa, work on balancing the energy infrastructure system continues around the clock.
18 November 2022
Poland raises concessional loan to EUR 160M for investment projects in Ukraine
The Cabinet of Ministers of Ukraine has endorsed an order to make amendments to the Agreement between the Government of Ukraine and the Government of the Republic of Poland, regarding the increase in the amount of concessional loans provided for the implementation of investment projects in Ukraine.
Ukraine to attract $4.5B grant from IBRD, IDA
The Cabinet of Ministers of Ukraine has endorsed a decision to attract a grant of $4.5 billion from the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
Zelensky, Erdoğan discuss extension of grain deal
In a phone call, President of Ukraine Volodymyr Zelensky and President of Türkiye Recep Tayyip Erdoğan praised the extension of the grain deal.
About half of Ukraine’s energy system out of service due to Russian missile attacks – PM Shmyhal
About half of Ukraine’s energy system has been taken out of service due to Russian missile strikes on critical infrastructure.
U.S. announces additional funding to deliver Ukrainian grain to world’s most vulnerable
The United States, through the U.S. Agency for International Development (USAID), is providing up to $20 million for the “Grain from Ukraine" initiative, announced by President Volodymyr Zelensky at the G20 Summit earlier this week, to help feed people around the world facing staggering levels of food insecurity.
Ukraine’s agri exports down by 800,000 t in Nov
In the first 15 days of November, Ukraine exported 2.8 million tonnes of agricultural products, which is 800,000 tonnes below the level reported over the same period last month.
Erdogan, Putin discuss Black Sea Grain Initiative, resumption of talks with Ukraine
Turkish President Recep Tayyip Erdogan in a phone call with Russian President Vladimir Putin discussed regional issues, especially Turkish-Russian relations, and the functioning of the Black Sea Grain Initiative.
Ukraine buys grain for first two vessels under Grain from Ukraine program
Ukraine has purchased 50,000 tonnes of grain using state funds for the first two ships as part of the Grain from Ukraine program.
Russia's economy set back by 30 years: Ukrainian diplomat refutes Szijjarto's claims about ineffectiveness of sanctions
The Ukrainian Foreign Ministry has refuted a statement by Hungarian Foreign Minister Peter Szijjarto that the Russian economy was not affected by the sanctions.
EU freezes EUR 68B in Russian assets - Politico
The European Union has frozen EUR 68 billion worth of Russian assets.
Scheduled rolling blackouts to be introduced across Ukraine Friday, emergency shutdowns possible - Ukrenergo
Previously approved schedules of hourly power outages will be applied throughout Ukraine on November 18. Also, additional emergency shutdowns could be introduced if required.
IAEA board again urges Russia to stop targeting Ukrainian NPPs
The 35-nation Board of Governors of the International Atomic Energy Agency on Thursday adopted their third resolution since the war broke out in Ukraine, calling on Russia to put to a halt all actions at Ukrainian nuclear facilities.
17 November 2022
Zelensky: More than 10M Ukrainians remain without electricity
More than 10 million residents of Ukraine remain without electricity as a result of the Russian missile attack.
U.S. to continue to support Ukraine in exporting grain to global markets – Brink
The United States will continue to support helping grain from Ukraine to reach global markets within the framework of the Black Sea Grain Initiative.
India to support Ukraine’s energy sector - Ministry of Energy
Ukraine’s Minister of Energy German Galushchenko has met with Ambassador Extraordinary and Plenipotentiary of India to Ukraine Harsh Kumar Jain.
EU welcomes extension of Black Sea Grain Initiative
The EU has welcomed the renewal of the UN Black Sea Grain Initiative and noted Turkey's efforts in adopting such a decision, which will contribute to lowering global food prices and reducing tensions in the world's most vulnerable countries.
Ukrainians should brace for long blackouts that could last for days - DTEK
Up to 40% of consumers currently have no access to power supply due to large-scale damage the Russian missile strikes inflicted on energy infrastructure.
Erdogan: Delivery of 11M tonnes of foodstuffs shows significance of grain deal
Over the past four months, 500 ships delivered 11 million tonnes of foodstuffs to those in need, which proves the importance of the "grain deal" for the world's food supply and security.
Enemy missiles damage gas production infrastructure in eastern Ukraine
Naftogaz CEO Oleksiy Chernyshov confirmed that the Russian aggressor launched a massive shelling and caused damage to the gas production infrastructure of JSC Ukrgasvydobuvannya in the east of Ukraine today, November 17.
UN chief welcomes agreement to extend Black Sea grain deal
UN Secretary General Antonio Guterres has welcomed an agreement by all parties to extend the Black Sea grain deal to facilitate Ukraine's agricultural exports from its southern Black Sea ports.
Ukraine, UN, Turkey agree to extend Black Sea Grain Initiative for 120 days
Ukraine, the United Nations and Turkey agreed at a meeting in Istanbul on November 17 to extend the Black Sea Grain Initiative for a further 120 days.
Emergency power outages to continue in Kyiv region on Thursday
Emergency rolling blackouts will continue as the situation with power supply in Kyiv region remains complicated.