Russia classifies data on oil exports by sea
Russia's oil monopoly Transneft has restricted access to monthly crude export loading schedules from Russian ports.
Economy - Latest news
18 May 2022
Gazprom limits gas supplies to EU, not even using paid capacity through Sudzha
Russia’s gas transmission system operator PJSC Gazprom does not use the already paid capacity at the Sudzha interconnection point, artificially restricting gas supplies to Europe.
17 May 2022
Cabinet of Ministers suspends state regulation of fuel prices
The Cabinet of Ministers has agreed with market operators to suspend the state regulation of prices for fuel in order to resolve as soon as possible the situation with its shortage, caused by Russia's war against Ukraine.
Ukraine to get EUR 150M as soft loan from Germany - PM
Ukraine's Cabinet of Ministers at a meeting on May 17 approved a resolution to attract a soft loan of up to EUR 150 million from the Credit Institute for Reconstruction (KfW), a German state-owned investment and development bank.
PM Shmyhal: EU opens ‘solidarity lanes’ for fuel supplies to Ukraine
Every effort must be made to ensure that people have fuel and that there is no abuse in the market.
Court seizes 434 railcars of Russian companies
A Ukrainian court has seized 434 railcars of Russian companies worth over UAH 300 million.
Kuleba calls on foreign consumers to buy Ukrainian grain through European logistics system
Ukraine and its partners are working to overcome the global food crisis caused by Russia's aggression and blockade, Ukrainian Foreign Minister Dmytro Kuleba has said.
Zelensky: Embargo on Russian oil would benefit Europe
President Volodymyr Zelensky of Ukraine says introducing an embargo on Russian oil is in the interests of both Ukraine and the whole of Europe.
Canada ready to help Ukrainian grain exports by offering its ships
Canada is preparing to send its cargo vessels to Eastern Europe to help Ukraine export its grain.
Ukraine official points to connection between defense aid and global food prices
The sooner Ukraine receives weapons to liberate its territories, the lower the food prices will be across the world.
16 May 2022
Ukraine’s exports cut by 57.9% in Mar 2022
In March 2022, Ukraine’s exports reduced by 57.9% compared to February 2022, imports – by 75.8%.
Ukraine’s court freezes Russian oligarch Fridman’s assets in Alfa-Bank worth 12.4 B
A court in Ukraine froze the assets of Russian oligarch Mikhail Fridman in Alfa-Bank worth UAH 12.4 billion.
Zelensky discusses Ukraine's financial needs with IMF Managing Director
President Volodymyr Zelensky discussed the financial support for the Ukrainian economy with IMF Managing Director Kristalina Georgieva.
McDonald's decides to fully withdraw from Russia, sell business there - Yermak
The head of the President's Office Andriy Yermak stated that McDonald's has decided to leave Russia completely and is selling its business in the country.
Ukrainian agricultural products to get to EU faster as Poland eases inspections
Kyiv and Warsaw have agreed to speed up inspections at the Ukrainian-Polish border and simplify exports of Ukrainian agricultural products to the EU and third countries.
Ukraine, Japan sign loan deal worth $100M
The Ministry of Finance of Ukraine signed a Loan Agreement with Japan International Cooperation Agency for US$100 million.
Ukraine, U.S. talk partnership to increase Ukrainian grain exports
Mykola Solsky, Minister of Agrarian Policy and Food of Ukraine, and Thomas James Vilsack, U.S. Secretary of Agriculture, discussed partnership in increasing Ukrainian grain exports.
Germany plans to stop Russian oil imports regardless of EU sanctions – Yermak
Germany is planning to stop Russian oil imports regardless of EU sanctions.
President Zelensky to address Davos forum on May 23
Ukrainian President Volodymyr Zelensky will address the participants of the World Economic Forum in Davos on May 23.
15 May 2022
Kuleba, Blinken to find ways to circumvent blockade of Ukrainian seaports
Ukrainian Foreign Minister Dmytro Kuleba and U.S. Secretary of State Antony Blinken have agreed to work closely to ensure that Ukrainian food exports reach consumers in Africa and Asia.
Ukraine’s war losses can be compensated by seized Russian assets - Parliament Speaker
No consent of the Russian Federation is required to make them pay reparations to Ukraine. It is possible to reimburse Ukrainian losses after the war at the expense of seized Russian assets.
Support for Ukraine means working to prevent global famine – Zelensky
The sooner Ukrainian lands are liberated from Russian invaders, the sooner the food security can be restored.
14 May 2022
Ukraine doing all to resume food exports to Africa - Kuleba
Ukrainian Foreign Minister Dmytro Kuleba assured his Liberian counterpart Dee-Maxwell Saah Kemayah that Ukraine is doing everything possible to resume food exports to African markets.
Russian troops damage 23,000 km of roads, over 40 railway bridges in Ukraine
Russian troops have already destroyed 6,300 km of main rails in Ukraine, as well as damaged 23,573 km of roads, 289 road and 41 railway bridges.
Ukraine invites G7 to create organization of grain exporters
At the G7 Agriculture Ministers' Meeting, Ukraine suggested creating an influential organization of the world's major grain suppliers that would respond to current challenges and threats to food security, including those posed by the Russian Federation.
Solsky at G7 Meeting: Russia's blockade of Ukrainian ports will lead to global food crisis
Russia's blockade of Ukrainian seaports has already led to a record rise in world market prices and will inevitably result in a global food crisis and rising inflation.
U.S. Treasury tells foreign banks helping Russia evade sanctions unacceptable
The U.S. administration has warned foreign banks against assisting Russia in circumventing western sanctions.
13 May 2022
Kuleba thanks Borrell for his proposal to provide additional support to Ukraine
Ukrainian Foreign Minister Dmytro Kuleba has met with EU High Representative Josep Borrell.
Ukraine, Moldova to renew FTA agreement
Ukraine and the Republic of Moldova will renew a Free Trade Area (FTA) agreement despite the war.
Minister Marchenko: It will be hard for Ukraine’s economy to sustain a long war
It will be hard for Ukraine’s economy to sustain a long war, and the Ukrainian government greatly relies on financial assistance from abroad.