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Sunday, 24 November 2024, 14:54
22 May 2022
Moody's has downgraded the Government of Ukraine's foreign and domestic currency long-term issuer ratings and foreign currency senior unsecured debt ratings to Caa3 from Caa2.
Ukraine will remain in the grain market under all circumstances, including through efforts to simplify logistics between Ukraine and the EU.
21 May 2022
Russia’s Transport Minister Vitaly Savelyev says western sanctions have led to serious problems with logistics across Russia.
Normalization of the cash exchange rate after the National Bank removed rate caps is expected within 10 days. In the near future, the hryvnia rate will be at UAH 34-36 to the U.S. dollar.
Together with partners, Ukraine has established two alternative land routes for shipping agricultural products, but Russia has to cease its blockade of the Black Sea to allow “full and free export.”
The total value of assets of Russia and Belarus frozen by the Bureau of Economic Security of Ukraine (BESU) exceeds UAH 30 billion.
In the coming months, Ukraine is to receive another €9 billion in aid from the European Union.
20 May 2022
Canada will provide CAD 250 million (about $210 million) in additional support to Ukraine through the International Monetary Fund.
Foreign Ministers Dmytro Kuleba of Ukraine and Cherif Mahamat Zene of Chad have agreed to work to counter the food crisis caused by Russia's blockade of Ukrainian seaports.
As of May 21, the National Bank will lift restrictions on setting the exchange rate at which banks can sell cash foreign currency to clients.
The National Bank of Ukraine estimates the war-related economic contraction by at least a third compared to pre-war levels.
Ukraine has received $5.6 billion from international partners since the Russian invasion started.
The G7 Finance Ministers and Central Bank Governors, as well as the representatives of the International Monetary Fund (IMF), World Bank Group, Organisation for Economic Cooperation and Development (OECD), and Financial Stability Board (FSB) have announced the mobilization of $19.8 billion in economic support to Ukraine.
Ukrainian Prime Minister Denys Shmyhal has thanked the European Union for a EUR 600 million tranche.
The European Union has disbursed a new tranche of EUR 600 million to Ukraine and is working on a procedure to provide an additional EUR 9 billion loan by the end of this year.
A Swiss-based Zurich Insurance Group Ltd. (Zurich), one of the world’s leaders in insurance, is set to leave the Russian market, selling its business to 11 members of its local team.
Japan announced Thursday that it will donate EUR 2 million ($2.1 million) to the International Atomic Energy Agency for its efforts to ensure the safety of Ukrainian nuclear facilities that have come under Russian attack.
The European Union is looking into ways of using the frozen assets of Russian oligarchs to fund the reconstruction of Ukraine after the war.
19 May 2022
Ukrainian Prime Minister Denys Shmyhal has said that Ukraine needs at least $15 billion over the next three months to cover its operational budget needs, and has called on the Group of Seven countries to provide urgent funding to the country.
The Japanese government has decided to grant Ukraine an additional $300 million loan to support the country, which continues to resist Russia's invasion.
In Ukraine, the balance of payments situation deteriorated somewhat in April.
Poland will supply 25,000 tonnes of petrol to Ukraine to help the nation overcome shortages.
Ukraine’s energy operator Ukrenergo has issued a statement in response to a Russian claim that the Zaporizhia Nuclear Power Plant, occupied by the invasion forces, will now work for Russia, while Ukraine could consider buying electricity from the facility.
The World Bank has announced plans to allocate more than $30 billion on projects to respond to challenges that arose in the field of global food security as Russia unleashed a full-scale invasion of Ukraine.
18 May 2022
The financial leaders of the G7 nations are preparing a major new economic aid package to help the Ukrainian government offset losses from Russia’s invasion.
President Volodymyr Zelensky discussed the possibility of supplying fuel to Ukraine with President of the United Arab Emirates Mohamed bin Zayed Al Nahyan.
Ukraine calls on all international partners to take the lead in rebuilding regions, communities, or cities.
Russia's oil monopoly Transneft has restricted access to monthly crude export loading schedules from Russian ports.
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
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.