Ukraine to receive $3.9B from United States in coming weeks – PM Shmyhal
In the coming weeks, Ukraine expects to receive the first $3.9 billion in direct budget support from the United States, totaling $7.85 billion.
Economy - Latest news
29 July 2024
Power outage schedules on Monday to be in effect from 16:00 to 23:00
Hourly power outage schedules on Monday, July 29, will be in effect from 16:00 to 23:00.
27 July 2024
Galushchenko, Brink discuss bolstering air defenses to protect Ukraine's energy industry
Ukrainian Energy Minister German Galushchenko and U.S. Ambassador to Ukraine Bridget Brink have discussed measures to bolster air defenses to protect Ukraine's energy system.
Ukraine cancels duties and VAT on imports of energy equipment
On 27 July, laws simplifying the import of certain categories of goods, including energy equipment and electronic warfare equipment, came into force in Ukraine.
Most difficult situation with electricity is in Donetsk and Zaporizhzhia regions due to hostilities
As of Saturday, 27 July, the most difficult situation with power supply is in Donetsk and Zaporizhzhia regions due to Russian shelling, with more than eight thousand consumers supplied with electricity.
Russians attacked power facilities in Chernihiv and Dnipro regions over past day
Russian troops fired three times at electricity transmission system facilities in Chernihiv region yesterday, 26 July, and also attacked a substation in Dnipro region with a drone.
60 million tonnes of cargo have already been exported via Ukrainian sea corridor
The cargo turnover of the ports of Greater Odesa has reached 60 million tonnes over the 11 months of the Ukrainian Corridor's operation.
Japan supplies Ukraine with new batch of excavators
Japan International Cooperation Agency (JICA) has provided four modern Komatsu PC 210 hydraulic excavators to Ukraine's State Agency for the Development of Land Reclamation, Fisheries and Food Programs as part of an international technical assistance project.
Most difficult summer period in energy sector is over - Ukrenergo
The most difficult summer period in the Ukrainian energy sector is over.
Ukraine, Poland agree to develop railway services
Ukrzaliznytsia JSC and Poland’s railway operator PKP (Polskie Koleje Państwowe) have agreed to develop railway services between the two countries.
Ukraine already harvests over 22M tonnes of grain, oilseed crops
As of July 26, 2024, more than 22 million tonnes of the new-harvest crops were gathered across Ukraine.
26 July 2024
U.S. has already provided $82B in aid to Ukraine - Under Secretary of Commerce Lago
The United States has provided Ukraine with $82 billion in aid since the beginning of Russia's full-scale aggression, and it is an investment in transatlantic security and democratic values.
IAEA says Russia once again restricts monitors’ access to ZNPP facilities
The Russian occupation administration at the Zaporizhzhia nuclear power plant once again denied IAEA experts present at the facility access to the western part of the turbine hall at power unit 6.
Russian nuclear arms manufacturers receive equipment from South Korean firm - media
Despite Russia's full-scale invasion of Ukraine, South Korean company YG-1 continued to supply equipment to at least two Russian plants producing nuclear weapons.
NBU upgrades Ukraine’s economic growth forecast for 2024 to 3.7%
Despite an electricity deficit in Ukraine’s energy system and smaller harvests compared to the previous year, the National Bank of Ukraine (NBU) has slightly upgraded the country’s economic growth forecast for 2024 to 3.7%.
EU purchases IT equipment worth about EUR 2M for Ukraine
The European Union has financed the purchase and delivery of modern IT equipment and software for the Ukrainian Agrarian Policy and Food Ministry and the State Service on Food Safety and Consumer Protection, totaling about EUR 2 million.
25 July 2024
Russian authorities' attempt to slow down YouTube has led to disruptions in bank payment system and social networks - media
Attempts by the Russian authorities to protest the slowdown of YouTube may have led to a series of Internet failures that affected major banks, social media and the Central Bank of Russia's payment system.
VR Committee chair expects no rapid fluctuations on Ukraine’s FX market
Ukraine is maintaining broad international financial support and, thus, no rapid fluctuations are expected on its foreign exchange market.
China plans to increase grain imports from Ukraine
Chinese Foreign Minister Wang Yi said at a meeting with Foreign Minister Dmytro Kuleba in Guangzhou that China intends to increase grain imports from Ukraine and jointly support international food security.
24 July 2024
U.S. working with Ukraine on future plans for power generation
The United States is working with Ukraine on a road map for its post-war energy system, which will include safe nuclear energy technology as well as renewables.
Czech government allocates over USD 21 million to support Ukraine's economy and development
For the second year in a row, the Czech Republic has allocated more than USD 21 million for humanitarian support, development and economic assistance to Ukraine.
Naftogaz Trading urges regions with low payment rate for gas services to ensure timely payments
Among thermal energy producers, the rate of payments for the natural gas consumed between May 1, 2021 and July 16, 2024 was not uniform but satisfactory.
EU accession negotiations: Ukraine starts consultations on economic integration
Deputy Ministers of Economy of Ukraine Taras Kachka, Tetiana Berezhna and Nadiia Bihun met with representatives of the Nordic-Baltic Eight (NB8) Advisory Group of Advisers.
EU envoys back EUR 4.2B tranche for Kyiv under Ukraine Facility
The Committee of Permanent Representatives of EU Member States (COREPER) today adopted an executive decision on transferring to Ukraine the first tranche of economic aid in the amount of EIR 4.2 billion, within the framework of the Ukraine Facility in the multi-year EU budget 2024-2027.
Rheinmetall receives order to build ammo factory in Ukraine
The German defense concern Rheinmetall received an order from the Ukrainian government for the construction of an ammunition production plant in Ukraine, within the initiative announced in February 2024.
Ukraine expects Japan to continue budgetary support - Finance Minister
Ukraine is counting on the continued budgetary support from the Government of Japan, as well as the expansion of partnership in recovery projects.
Ukraine invests more than UAH 888B in security, defense sector in H1 2024
In January-June 2024, a total of UAH 888.4 billion was directed from Ukraine’s state budget general fund to finance the security and defense sector.
Industrial parks can apply for government funding from July 23
Starting from July 23, 2024, industrial parks can submit applications to obtain funding from the state for development purposes.
23 July 2024
Hungary to block EU funds for member states until Ukraine allows Lukoil transit - Reuters
Hungary will block European Union refunds for member states that gave munitions to Ukraine until Kyiv allows the transit of oil from Russia's Lukoil, opens new tab through a pipeline over its territory.
Ukraine purchases 20,000 UAVs via Prozorro Market
Ukraine’s government has already acquired 20,000 unmanned aerial vehicles through Prozorro Market, having thus saved some UAH 100 million on transparent procurement.