Russia to not be able to sell timber cut down in Ukraine – Ecology Ministry
Russia will not be able to sell the timber they are planning to cut down or have already cut down in Ukraine.
Economy - Latest news
07 April 2022
Advisor to Ukrainian President: Frozen FX reserves lost to Russia forever
The frozen foreign exchange reserves have been lost to Russia forever, and these funds are likely to be used to rebuild Ukraine.
Kuleba outlines 10 blows inflicted on Russia's economy over past three days
Over the past three days, 10 new blows have been inflicted on Russia's economy and influence abroad.
06 April 2022
Michel: Ukraine Solidarity Trust Fund to facilitate massive investment
President of the European Council Charles Michel emphasizes that the European Union will continue to support Ukraine.
Kuleba: Only gas, oil embargo and de-SWIFTing of all Russian banks to stop Putin
Minister of Foreign Affairs of Ukraine Dmytro Kuleba has said that the 5th package of tougher sanctions against Russia will not stop Putin. An embargo on Russian gas and oil and cutting all Russian banks off from SWIFT are needed.
EU toughening sanctions against Russia, imposing ban on coal imports
European Council President Charles Michel thinks that sanctions against Russian oil and gas will be needed sooner or later.
Government allocates UAH 32.8B for Defense Ministry
Providing the financial and organizational support for the Ukrainian Army is remaining the key focus area of the executive authorities. Hence, the Cabinet of Ministers of Ukraine has endorsed the allocation of UAH 32.81 billion for the Ukrainian Defense Ministry.
05 April 2022
Zelensky calls on Spanish companies to stop doing business with Russia
President of Ukraine Volodymyr Zelensky has called on Spanish companies to stop doing business with Russia.
Galushchenko, Kwarteng discuss fuel supplies to Ukraine
Energy Minister of Ukraine German Galushchenko has stated that Ukraine is interested in diversifying fuel supplies, including from the United Kingdom.
Bank deposits up by UAH 28B over past month - NBU governor
As of March 31, the banking system recorded an inflow of UAH 28 billion (in all currencies) to deposits of individuals and legal entities.
04 April 2022
Activists block route between Germany, Poland, demanding halt to trade with Russia
Activists from Ukraine, Poland, Lithuania, Latvia, Estonia, and the UK on Monday blocked the A2 highway on the Polish-German border, demanding an end to EU trade with Russia.
PM outlines sources of Ukraine's restoration: reparations, Russia’s property, aid from partners
The post-war restoration of Ukraine will have three sources: reparations, confiscated Russian property, aid from Western partners.
PM Shmyhal: Ukrainian budget loses almost UAH 2B a day due to Russia’s attack
Ukraine's state budget losses account for about UAH 2 billion a day due to the war with Russia.
Shmyhal: Ukraine will be able to recover up to 80% of pre-war exports
Ukraine has already partially resumed its exports, and the volumes will grow. The country is expected to reach up to 80% of pre-war export operations in the near future.
PM: Enterprises, contributing over 50% of GDP, located in combat zone
The enterprises, which contribute more than 50% of the country’s GDP, are located in the combat zone.
03 April 2022
Economy Ministry: Ukraine's direct losses caused by war total $565 B
The Ministry of Economy estimates that the direct non-recurring losses caused by the Russian invasion now reach $565 billion, and Ukraine is short of $54 billion in capital investment.
02 April 2022
Ukraine, Colombia agree on joint economic and defense projects after war
Ukrainian President Volodymyr Zelensky and Colombian President Ivan Duque Marquez have agreed to launch joint economic and defense projects after the war ends.
G7 to contribute to Ukraine’s economic recovery
The ambassadors of the Group of Seven will assist Ukraine in receiving emergency and long-term humanitarian and economic support, as well as monitor reports of potential war crimes and other violations of humanitarian law.
PM Shmyhal: We’ll start restoration in all cities of Ukraine
Ukraine will carefully record all the damage so that the aggressor will pay for it in full and we will be able to fully restore our state.
01 April 2022
Shmyhal: Additional UAH 73.3B to be allocated to meet key needs of army and economy
The Cabinet of Ministers of Ukraine adopted a decision to increase the size of the reserve fund by UAH 73.3 billion to meet the key needs of the Ukrainian army and economy.
The Netherlands freezes EUR 516M worth of Russian assets
Approximately EUR 516 million worth of Russian assets has been blocked in the Netherlands.
31 March 2022
Economy Ministry reveals industries most affected by Russian invasion
The sectors of the economy where it is impossible to set up work from home for the employees have been affected the most by the war in Ukraine.
United States introduces new sanctions against 21 Russian entities and 13 individuals
On March 31, 2022, the United States introduced new sanctions against Russia due to its unprovoked and unjustified invasion of Ukraine.
Ukraine starts spring sowing campaign in 20 regions
Ukrainian farmers have started the sowing of spring crops in 20 regions.
VR develops draft bill on compensation for housing losses
The Verkhovna Rada of Ukraine has developed a draft bill on compensation for the housing lost by Ukrainians due to hostilities.
30 March 2022
Ukraine looking for alternative logistics routes for agricultural exports
The Ministry of Agrarian Policy and Food of Ukraine makes efforts to resume agri-food exports to foreign countries.
US at UN: Russia blocking in Black Sea more than 90 ships carrying food
The Russian Navy is blocking in the Black Sea region more than 90 civilian ships carrying food for the world market.
Minister Kubrakov: Some metallurgical plants to resume operation this week
As soon as this week, some metallurgical plants will start to partially restore the production and export potential.
29 March 2022
Ukraine calls for tougher Russia sanctions amid attempts to introduce rouble in temporarily occupied areas
The Ministry of Foreign Affairs of Ukraine has called on western partners to increase sanction pressure on Russia amid the attempts to introduce the rouble in the temporarily occupied parts of Zaporizhia and Kherson regions.
PM: Ukraine to lose more than a trillion dollars due to war with Russia
The damages from the Russian invasion, calculated indirectly, taking into account the losses in subsequent years, total more than a trillion dollars.