Ukraine has capacity to import electricity - Galushchenko
Ukraine has the capacity to import electricity in view of the shelling of its energy infrastructure by Russian troops.
Economy - Latest news
23 October 2022
Minister Galushchenko: 90% of wind energy facilities put out of service due to war
As a result of the Russian full-scale invasion, 90% of wind energy facilities and 45-50% of solar energy facilities have been put out of service in Ukraine.
Six more vessels loaded with agricultural products leave Ukrainian ports
Six more vessels loaded with 124.3 thousand tonnes of agricultural products, intended for Asian and European countries, have left the Odesa region’s ports today.
Ukraine needs most effective air defenses to preserve energy infrastructure - minister
Ukraine needs the most effective air defense system to reduce the number of Russian missiles hitting energy infrastructure facilities.
22 October 2022
Russia’s missile strikes cause serious damage to energy facility in Lutsk – mayor
On Saturday morning, Russian missiles hit an energy facility in Lutsk city of Volyn region, actually destroying it.
Almost 1.5M consumers left without electricity after Russia’s missile strikes – President’s Office
Almost 1.5 million consumers were left without electricity as a result of Russia’s missile strikes on energy facilities across Ukraine on Saturday morning.
Scale of today's damage to energy infrastructure may exceed that of Oct 10-12 strikes - Ukrenergo
The scale of destruction inflicted to energy infrastructure facilities across Ukraine by a Russian missile attack on the morning of Saturday, October 22, may exceed the consequences of the strikes launched October 10-12.
21 October 2022
IMF expects Ukraine's GDP to stabilize next year if war doesn’t drag on
The IMF has published a report on the economic situation in Ukraine during the war, as well as forecasts for the following years, noting positive trends for the economy already next year if the hostilities decline and external financing flows as scheduled.
Shmyhal informs EBRD President about Russian missile attacks on energy facilities
Prime Minister of Ukraine Denys Shmyhal informed EBRD President Odile Renaud-Basso about Russia's missile attacks on energy facilities across Ukraine.
IMF positively assesses Ukraine’s moves to preserve macro-financial stability
The International Monetary Fund’s (IMF) Mission Chief for Ukraine Gavin Gray has positively assessed the efforts undertaken by the government of Ukraine amid the ongoing Russian war to preserve macro-financial stability, and plans to continue discussing further steps to support the country’s economy.
EU to provide stable funding for Ukraine over next year - von der Leyen
By the end of the year, the European Union will have transferred to Ukraine a tranche of macro-financial assistance in the amount of EUR 9 billion, but EU leaders are already considering how to ensure, together with American partners and international financial institutions, stable monthly financing of Ukraine's basic needs in the amount of EUR 3-4 billion.
Ukrenergo introduces electricity supply restrictions in Kyiv city and four regions
Due to a rapid increase in the level of electricity consumption in the central regions and Kyiv, NEC Ukrenergo is introducing restrictions in this part of Ukraine.
Ukraine launches new gas well in Kharkiv region with over 50 mcm annual capacity
The JSC Ukrgazvydobuvannya gas production company has kicked off operations at a new well in Kharkiv region with a daily throughput of more than 140,000 cubic meters.
20 October 2022
Zelensky meets with representatives of investment company Goldman Sachs
Ukrainian President Volodymyr Zelensky has met with representatives of Goldman Sachs, one of the largest investment companies in the U.S. and the world -- Executive Vice President John Rogers and Co-Head of the Office of Applied Innovation and President of Global Affairs Jared Cohen.
Economy Ministry calls on Lithuanian business to invest in Ukraine
Political and military support for Ukraine should go hand in hand with economic support as it will help Ukraine to overcome all wartime challenges and provide citizens with stable living conditions.
NBU: Inflation rate to reach 30% at year’s end
The National Bank of Ukraine projects that the inflation rate will reach 30% at the end of 2022 but will slow down in the following years.
NBU projects Ukraine’s GDP to fall by 32% this year
The National Bank of Ukraine (NBU) projects that Ukraine’s GDP will drop by around 32% in 2022.
NBU keeps key policy rate at 25%
The National Bank of Ukraine (NBU) has decided to leave its key policy rate unchanged at 25%.
Ukraine already exported 8M tonnes of agricultural products via sea ports
As part of the "grain initiative", Ukraine has already exported 8 million tonnes of agricultural products through the sea ports of Odesa region.
United States to help Ukraine restore infrastructure
The Ministry of Infrastructure of Ukraine, the U.S. Departments of Transportation and Commerce signed a Joint Statement on supporting Ukraine’s infrastructure resilience and restoration.
19 October 2022
MEPs want EU to increase financial aid to Ukraine in 2023
The European Parliament has voted to boost financial support to Ukraine within the EU budget.
Energoatom chief warns of "Fukushima scenario" at Russian-captured Zaporizhia NPP
Russian invaders are trying to seize control over the technical operations of the Zaporizhia Nuclear Power Plant, which threatens a global disaster.
Blackouts expected throughout Ukraine on Thursday
Deputy Head of the President’s Office, Kyrylo Tymoshenko, has called on Ukrainians to limit power consumption as much as possible from 7:00 to 23:00 on Thursday, October 20.
Zelensky, Erdogan discuss extension of grain initiative
President of Ukraine Volodymyr Zelensky thanked President of Turkey Recep Tayyip Erdogan for the support for Ukraine and noted a special role of Turkey in the grain initiative and its extension.
18 October 2022
U.S. working hard for extension of grain agreement - State Department
The United States is making efforts to extend an agreement on the provision of "grain corridors" for the export of grain through the Black Sea and hopes that all parties, including Russia, will agree to the extension of the agreement.
U.S. working swiftly to disburse $4.5B in budget support to Ukraine
The U.S. government is working swiftly to disburse $4.5 billion in economic assistance to Ukraine.
Ukraine’s Justice Ministry: Assets of Yanukovych, Kurchenko, Deripaska frozen
The assets of ex-president Viktor Yanukovych, ex-defense minister Pavlo Lebedev, oligarchs Serhiy Kurchenko and Oleg Deripaska have been frozen. The law enforcement officers collect evidence to file a lawsuit at the High Anti-Corruption Court to confiscate them.
President Zelensky thanks EU for macro-financial assistance
Ukrainian President Volodymyr Zelensky has thanked the European Union for providing EUR 2 billion in macro-financial assistance to Ukraine and expressed hope for the full program of EUR 9 billion to be implemented as soon as possible.
Ukraine withdraws from another CIS agreement
The Verkhovna Rada of Ukraine has endorsed the draft bill on Ukraine’s withdrawal from the Convention on Multinational Corporations.
Ukraine receives EUR 2B in macro-financial assistance from EU
Ukraine has received EUR 2 billion in macro-financial assistance from the European Union.