Inflation in Ukraine to exceed 30% this year
Inflation in Ukraine will exceed 30% in 2022.
Economy - Latest news
21 July 2022
Ukraine's central bank keeps key rate at 25%
The National Bank of Ukraine has left its key interest rate unchanged at 25%
NBU sets official hryvnia exchange rate at 36.56 per U.S. dollar
On July 21, the National Bank of Ukraine (NBU) changed the official exchange rate of the hryvnia against the U.S. dollar by 25%, to UAH 36.5686 per U.S. dollar, according to the central bank’s press service.
Russia fails to sell stolen Ukrainian grain in Lebanon, batch unloaded in Syria - intelligence
Russian invaders continue to steal Ukrainian grain from the temporarily occupied territories.
20 July 2022
Ukrainian farmers receive 28 Starlink terminals
The United States Agency for International Development (USAID) has provided 28 Starlink satellite internet terminals to Ukrainian farmers.
Creditors allow suspension of Ukraine’s debt service payments
The group of creditors of Ukraine from G7 countries and Paris club members announced their intention to suspend principal and interest payments on bilateral debts until the end of the year 2023, with the possibility to extend the suspension by an additional year.
19 July 2022
Ukraine, EU sign memorandum on EUR 1B tranche
European Commission Vice President Valdis Dombrovskis on Tuesday signed a memorandum of understanding on the allocation of EUR 1 billion in macro-financial assistance to Ukraine.
Ukraine becomes association member of International Energy Agency
Ukraine has joined the International Energy Agency (IEA) as an association country.
Agrarian policy ministry: Temporary grain storage equipment on its way to Ukraine
The special equipment intended for the temporary storage of grain crops will be delivered to Ukraine.
Ukraine expects to harvest about 67M tonnes of grain and oilseed crops in 2022
In 2022, Ukraine expects to harvest about 52 million tonnes of grain crops and 13-15 million tonnes of oilseed crops.
18 July 2022
EU ministers agree on new EUR 500M tranche of military aid for Ukraine - Borrell
The Council of the EU at the level of foreign ministers reached a political agreement on the allocation of the next tranche of military assistance to Ukraine within the framework of the European Peace Facility in the amount of another EUR 500 million.
EU confirms intention to give Ukraine EUR 9B in macrofinancial aid
The European Council has decided to allocate EUR 1 billion to Ukraine and will continue to work toward finding a way to provide Ukraine with another EUR 8 billion from the total package of EUR 9 billion of macro-financial assistance that has already been politically agreed at the EU level, although it is too early to talk about specific terms of providing such assistance.
Ukrainian, Brazilian presidents discuss resumption of grain exports
Ukrainian President Volodymyr Zelensky and his Brazilian counterpart Jair Bolsonaro have discussed the importance of resuming grain exports to prevent a global food crisis provoked by Russia.
Ukraine withdraws from customs agreement of CIS countries
The Verkhovna Rada has adopted a law on Ukraine's withdrawal from the agreement on cooperation and mutual assistance in customs matters, signed in Moscow on April 15, 1994 and ratified by the Verkhovna Rada in 1999.
17 July 2022
German foundation withdraws from Nord Stream 2 project
A German public foundation established to help Russia’s Gazprom complete the Nord Stream 2 gas pipeline seeks to pull out of the project.
Higher oil output by Saudi Arabia to help curb Russian profits - Yermak
Saudi Arabia's decision to increase daily oil production to 13 million barrels will help reduce Russia's profits off oil exports.
16 July 2022
Ukraine calls on U.S., European bankers to sever ties with companies that trade Russian oil
Ukraine calls on heads of U.S. and European banks to sever ties with companies that trade Russian oil and stop providing credits to finance Russian war crimes.
US ambassador, Ukraine’s minister discuss establishing transport corridors to export grain
U.S. Ambassador to Ukraine Bridget Brink and Minister of Infrastructure Oleksandr Kubrakov have discussed the issue of establishing transport corridors through the Black Sea to export Ukrainian grain.
Ukraine, Poland jointly counteract Russian propaganda regarding grain exports
Ukraine and Poland are jointly counteracting the Russian propaganda regarding the export of Ukrainian grain to Asian and African countries.
15 July 2022
Fitch downgrades Naftogaz after its consent solicitation to defer debt servicing
Fitch Ratings has downgraded Naftogaz of Ukraine’s (Naftogaz) Long-Term Issuer Default Rating (IDR) to ‘C’ from ‘CCC’ following its consent solicitation to defer its debt servicing of its Eurobonds.
About 30 enterprises of Luhansk region relocated to safer areas – governor
Since the beginning of the Russian full-scale invasion, about 30 enterprises of the Luhansk region have managed to find new locations to resume their activities in safer areas of Ukraine due to the government program of enterprises temporary relocation.
NBU buys gov’t military bonds worth UAH 225B since early March
Since the beginning of the full-scale war, the National Bank has purchased UAH 225 billion worth of domestic government military bonds.
14 July 2022
NBU: Ukraine has received almost $13B in aid since beginning of war
Since the beginning of the full-scale war of the Russian Federation against Ukraine, international partners have provided almost $13 billion in financial aid to Ukraine.
Shmyhal calls on Korean businesses withdrawing from Russia to move production to Ukraine
Prime Minister of Ukraine Denys Shmyhal, during a speech at the Asian Leadership Conference in Seoul, called on Korean businesses that have pulled out of the Russian market to move their production capacities to Ukraine.
United States, Ukraine discuss price cap on Russian oil
U.S. Deputy Secretary of the Treasury Wally Adeyemo and Ukrainian Finance Minister Sergii Marchenko have discussed progress made toward implementing a price cap on Russian oil to restrict revenue for Russia’s military while dampening the impact of Putin’s war on global oil and energy prices.
IMF: War in Ukraine darkens significantly global economic outlook
The Russian invasion of Ukraine has darkened significantly this year's global economic outlook.
Czech PM Fiala: Gas won't make EU's next Russian sanctions package
It is already clear that the sanctions will not curb imports of Russian gas as too many EU member states can't adjust quickly enough.
13 July 2022
Shipment of Ukrainian grain: Special coordination center to be set up in Istanbul
At today’s meeting of the military delegations of the defense ministries of Turkey, Ukraine and Russia, as well as the UN officials, an agreement was reached on technical issues regarding grain exports from Ukraine through the Black Sea.
Ukraine may receive $4.4B in aid in July - Ministry of Finance
The Ministry of Finance expects Ukraine to receive about $4.4 billion in aid from international partners in July.
Four-way meeting on shipment of Ukrainian grain ends in Istanbul
A meeting between the military delegations of the defense ministries of Turkey, Ukraine and Russia, as well as the UN delegation, to discuss the export of grain from Ukraine via the Black Sea ended in Istanbul.