Nord Stream hit with blast with TNT equivalent of 700 kg
On September 26, a man-made explosion in the TNT equivalent of about 700 kg damaged the Nord Stream and Nord Stream 2 gas pipelines in the Baltic Sea.
Economy - Latest news
29 September 2022
Shmyhal, Dombrovskis discuss preparations for ‘customs visa waiver’
Ukrainian Prime Minister Denys Shmyhal and Executive Vice President of the European Commission Valdis Dombrovskis have discussed expanding cooperation between Ukraine and the European Union, and increased bilateral trade.
Ukraine’s exports to EU in Q1-3 2022 exceed pre-war figures - economy ministry
Throughout the three quarters of 2022, Ukraine exported to EU member states more products than it did in the same period of 2021.
Ukraine, Finland agree to exchange nuclear safety information
Ukraine’s State Nuclear Regulatory Inspectorate and Finland’s Radiation and Nuclear Safety Authority (STUK) have signed a memorandum of cooperation and exchange of information in the field of nuclear and radiation safety.
Ukraine, Sweden discuss enhanced cooperation in nuclear power sector
Ukrainian Energy Minister German Galushchenko and Swedish Energy and Digital Development Minister Khashayar Farmanbar have discussed enhanced cooperation in the nuclear power sector.
28 September 2022
Damage caused by war already exceeds Ukraine’s GDP by 1.6 times – PM Shmyhal
Damage caused to Ukraine by Russia's invasion already exceeds the country’s GDP by 1.6 times.
EU disburses EUR 500M of budget support to Ukraine
European Commissioner for Enlargement and Neighborhood Policy Olivér Várhelyi has announced the disbursement of EUR 500 million in EU budget support to Ukraine.
Zelensky signs law resuming excise tax on fuel
On September 28, President Volodymyr Zelensky signed draft law No. 7668-d to resume the excise tax on fuel in Ukraine.
Fast Recovery Plan: Reconstruction foundation to be set up
Ukraine’s state budget cannot cover the restoration of all the facilities destroyed by Russia's full-scale aggression. Therefore, the Fast Recovery Plan provides for the reconstruction of completely destroyed objects or objects damaged by at least 50 percent at the expense of foreign donors.
EBRD downgrades forecast of Ukraine’s economy for 2023
The European Bank for Reconstruction and Development (EBRD) has left unchanged its forecast of Ukraine’s economic decline in 2022, which was issued in May 2022, but downgraded the country’s economic prospects for 2023.
Four more grain ships leave Ukrainian ports
Four more ships have left Ukraine’s Chornomorsk Port and Pivdennyi Port, carrying Ukrainian-produced agricultural crops to Asian, African and European countries.
U.S. Senate advances stopgap funding bill envisaging over $12B in aid for Ukraine
The U.S. Senate has voted overwhelmingly to start debate on a stopgap government funding bill that, among other things, envisages $12.4 billion in aid for Ukraine.
27 September 2022
IMF could start new cooperation program with Ukraine next year
Ukraine has an agreement with the International Monetary Fund (IMF) to launch a new special program. The IMF mission will start working in October this year.
Ukraine completely bans export of goods to Russia
The Cabinet of Ministers of Ukraine sealed a resolution banning the export of goods from Ukraine to Russia.
Gas leaks on Nord Stream 1 pipeline are nothing but Russia’s terrorist attack – Podolyak
Advisor to the Head of the Office of the President of Ukraine Mykhailo Podolyak believes an incident with gas leaks on the Nord Stream 1 pipeline is nothing but Russia’s act of aggression against the European Union.
Nine more grain ships leave Ukrainian seaports
Nine ships carrying 345,000 tonnes of agricultural products for Africa, Asia and Europe departed from Ukraine's Black Sea ports on Tuesday, September 27.
Safe export of Ukrainian grain impossible without land corridors to EU - minister
Given the unpredictability of Russia’s behavior in the Black Sea, the "solidarity corridors" created on land routes between Ukraine and the EU remain extremely important not only for business interests, but also for security reasons.
Enough wheat in Ukraine to cover own demand, help others - Agrarian Minister
The decision of the Government and President of Ukraine to send 50,000 tonnes of grain to Somalia and Ethiopia as humanitarian aid is a timely move, while Ukraine itself currently has enough grain to meet its own needs and help others.
26 September 2022
PM Shmyhal expects OECD to support Ukraine's accession application
Ukraine's ambitious goal is to gain full membership in the European Union and the Organization for Economic Cooperation and Development.
War in Ukraine will have greater impact on world economy - OECD
The Organization for Economic Co-operation and Development (OECD) believes that Russia's war in Ukraine, now in its eighth month, will have a greater impact on the world economy than it was earlier anticipated.
Zelensky welcomes creation of Horizon Capital Growth Fund for investments in Ukraine
Ukrainian President Volodymyr Zelensky has taken part in the ceremony of signing the document on participation in the financing of the Horizon Capital Growth Fund IV via video conference. This is a new fund created for investments in Ukrainian companies.
Another caravan of grain ships leaves Ukrainian ports
Four ships with Ukrainian agricultural products for countries in Asia and Europe sailed from the ports of Odesa and Pivdennyi on Monday, September 26.
Japan bans imports of chemical weapons-related goods to Russia
Japan has decided to ban exports of chemical weapons-related goods to Russia in a latest sanction move against Moscow over its invasion of Ukraine.
Germany wants EU citizens to be banned from holding top posts in Russian companies
Germany proposes that all EU member states prohibit their citizens from holding positions of top managers in Russian state-owned companies.
25 September 2022
More than 550 relocated businesses resume operations – Economy Ministry
A total of 745 businesses have been relocated in Ukraine since the relevant government program was launched, and 558 of them have already resumed operations.
G7 concerned about government's interference in management of GTSOU and Ukrenergo
The G7 ambassadors in Ukraine have said they are concerned about the government's interference in the management of the state-owned Gas Transmission System Operator of Ukraine (GTSOU) and Ukrenergo.
Russia exported $158B worth of energy resources over six months of war - Galushchenko
Over the first six months of the full-scale war, from February 24 to August 24, 2022, revenues from Russia's export of energy resources amounted to $158 billion. For comparison, Russia's military budget for 2021 was about $66 billion.
Seven more ships with agricultural products leave Ukrainian ports
Today, seven ships left Ukrainian ports moving along the "grain corridor".
24 September 2022
Galushchenko meets with IEA executive director
Ukraine’s Minister of Energy German Galushchenko and Executive Director of the International Energy Agency (IEA) Fatih Birol have discussed strengthening energy security on the European continent.
Six more ships with grain leave Ukrainian ports
On September 24, six vessels left Ukrainian ports through the "grain corridor". Two more ships are waiting to depart.