Ukraine working with Switzerland to identify assets belonging to Russian oligarchs - Ambassador
Ukraine will work with Switzerland on methods of identifying investments and assets owned by Russian oligarchs.
Economy - Latest news
15 August 2022
Two vessels enter Odesa port for loading oil and corn
Two vessels have entered Ukraine’s port of Odesa for loading agricultural products.
Six more ships receive permission to export Ukrainian grain
The Joint Coordination Center within the framework of the UN Black Sea Grain Initiative allowed six ships to pass through the maritime humanitarian corridor in the Black Sea.
14 August 2022
Energoatom generated 55.4% of Ukraine’s total electricity output in H1 2022
In January-June 2022, Energoatom National Nuclear Energy Generating Company of Ukraine generated over 34.3 billion kilowatt-hours of electricity, or 55.4% of the country’s total electricity output.
Another vessel loaded with grain at Pivdenny port, to leave for Ethiopia on Aug 15
More than 23,000 tonnes of wheat have been loaded onto the Brave Commander bulk carrier at the Pivdenny port.
Ukraine's government proposes parliament cancel preferential tax rates for fuel
The Cabinet of Ministers has tabled in the Verkhovna Rada a bill on the abolition of preferential tax rates for fuel.
NBU sold about $522M on interbank foreign exchange market last week
Last week the National Bank of Ukraine (NBU) sold USD 521.69 million on the interbank foreign exchange market.
Hungary says additional gas supplies coming in from Russia
The Ministry of Foreign Affairs of Hungary says Russia’s Gazprom energy giant has launched additional gas supplies to the country.
Ten Russian planes stuck in Germany due to sanctions
Due to the sanctions imposed by the European Union over the Kremlin’s invasion of Ukraine, ten aircraft belonging to Russian owners or controlled by the Russian Federation remain grounded at German airfields.
13 August 2022
European Union Ukraine’s largest trade partner in 2021 - Parliament
More than 40% of Ukraine’s total trade in 2021 was with the European Union.
First ship that arrived in Ukraine for grain leaves Chornomorsk port
The first ship that entered Ukrainian ports to be loaded with agricultural products has departed from the seaport of Chornomorsk. It joined the Thoe bulk carrier to form a caravan.
Cabinet obliges Naftogaz to buy domestically produced gas
The Cabinet of Ministers has obliged Ukraine's state-owned gas company Naftogaz to form natural gas reserves before the heating season, including by purchasing domestically produced gas.
Guterres appoints UN coordinator for Black Sea grain initiative
United Nations Secretary-General António Guterres announced the appointment of Amir Mahmoud Abdulla of Sudan as United Nations Coordinator for the Black Sea Grain Initiative.
S&P and Fitch downgrade Ukraine’s foreign currency ratings
Global rating agencies S&P and Fitch on Friday lowered Ukraine’s foreign currency ratings as they consider the country’s debt restructuring as distressed.
12 August 2022
Inflation exceeds 22% in July – NBU names reasons
Ukraine’s consumer inflation in July accelerated to 22.2% in annual terms due to the consequences of Russia's terrorist actions and temporary occupation of certain territories.
Kuleba, UAE foreign minister discuss global food security
Minister for Foreign Affairs of Ukraine Dmytro Kuleba has discussed global food security with Minister of Foreign Affairs and International Cooperation of the United Arab Emirates Sheikh Abdullah bin Zayed Al Nahyan.
Ukrainian farmers already harvested more than 20M tonnes of grain
Ukrainian farmers have already harvested 20.8 million tonnes of early grain crops, according the Ministry of Agrarian Policy and Food.
Markarova: Ukraine calls on US to sanction all Russian private banks
The Ukrainian authorities call on US President Joe Biden’s administration to sanction all Russian private banks.
Two more dry cargo ships leave Ukraine along ‘grain corridor’
This morning, two dry cargo ships left Ukraine along the “grain corridor” with 3,500 tonnes of grain heading for Turkey and 60,000 tonnes of corn heading for Iran.
Zakarpattia Region’s salt production may fully meet domestic demand
The Bushtyno field will be used to produce industrial and edible salt in Zakarpattia Region, and its production volumes may fully meet the country’s demand.
Baykar CEO wants to produce new Bayraktar models in Ukraine
Turkey’s Baykar is planning to build a factory in Ukraine to produce not only Bayraktar TB2 unmanned combat aerial vehicles but also new models, such as Bayraktar Akıncı and Bayraktar Kizilelma.
Minister Galushchenko, G7 Ambassadors discuss events involving Zaporizhzhia NPP
Ukrainian Energy Minister German Galushchenko has met with the Ambassadors of the G7 countries to discuss the events involving Zaporizhzhia Nuclear Power Plant (NPP) and Ukraine’s preparations for the heating season.
11 August 2022
Oil shipment resumes through Ukrainian section of Druzhba pipe
As of August 11, oil transit through the Ukrainian branch of the Druzhba oil pipeline to Hungary and Slovakia has been resumed.
Ukraine calls on Arab countries to join embargo on Russian oil
Ukraine's Special Representative for the Middle East and Africa, Maksym Subkh, at an extraordinary session of the Arab League Council in Cairo at the level of permanent representatives called on the Arab countries to join the sanctions against Russia.
Zelensky meets with founder of World Central Kitchen
Ukrainian President Volodymyr Zelensky has met with Spanish-American chef Jose Andres, the founder of World Central Kitchen, an organization that has been providing food for people on the border of Ukraine and Poland since the first days of Russia's full-scale aggression.
McDonald's to reopen restaurants in Kyiv, western Ukraine
McDonald's has decided to gradually reopen its restaurants in Ukraine, starting from Kyiv and the country's western regions.
About 375,000 tonnes of agricultural products exported through ‘grain corridor’ - General Staff
About 375,000 tonnes of grain and other foodstuffs were exported from Ukrainian ports through the humanitarian maritime corridor.
Departure of ship with Ukrainian grain from Chornomorsk Port delayed due to bad weather
The vessel expected to leave Chornomorsk Port today was unable to start its voyage via the ‘grain corridor’ due to adverse weather conditions.
Russia seeing defense export issues over war in Ukraine - British intelligence
Russia’s full-scale military aggression toward Ukraine has greatly affected the Russian defense industry.
10 August 2022
PM Shmyhal about Ukraine's external debt: Creditors agreed to suspend payments until 2024
Prime Minister Denys Shmyhal announced that Ukraine's international creditors agreed to suspend external debt payments until 2024, which would provide an opportunity to save nearly $6 billion.