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.
Economy - Latest news
29 March 2022
PM Shmyhal projects 35% Ukraine's GDP decline
This year, Ukraine's GDP may fall by 35% or even lower.
Ensuring the stability of public financial and budgetary policy in martial law
On March 30, at 13:00, an online briefing of the Minister of Finance of Ukraine Serhiy Marchenko will be held on the topic: "Ensuring the stability of public financial and budgetary policy in martial law" (Zoom).
PM Shmyhal: Ukraine meets debt obligations, no writing off considered
Ukraine continues to accurately meet its debt obligations and has established the Public Debt Service and Repayment Fund.
28 March 2022
Azerbaijan ready to provide Ukraine with fuel for sowing campaign
President Volodymyr Zelensky informs about Azerbaijan's readiness to provide Ukrainians with fuel for the sowing campaign.
Ukraine plans to perform first power export after synchronization with ENTSO-E
The first post-synchronization auction for the distribution of interstate connections for electricity exports to Poland is scheduled for March 28, after the merger of Ukraine's power system with ENTSO-E.
G7 not to pay for Russian gas in roubles - Germany’s Habeck
Energy ministers from the Group of Seven have rejected demands put forward by Russian President Vladimir Putin that "unfriendly" nations pay for Russian gas with roubles.
Ukraine’s war losses amount to $565B
The total amount of one-time losses suffered by Ukraine since the start of Russian invasion already stands at $564.9 billion.
27 March 2022
Ukraine offers Europe to halve Nord Stream gas transit
Gas Transmission System Operator of Ukraine (Gas TSO of Ukraine) has proposed that Europe gradually impose an embargo on the use of the Nord Stream 1 natural gas pipeline.
25 March 2022
Sowing campaign launched in 11 regions of Ukraine
The projected area of spring crop plantations for 2022 is 5,990 thousand hectares in 11 regions of Ukraine.
IAEA Director General concerned about Russian shelling of Slavutych
Director General of the International Atomic Energy Agency (IAEA) Rafael Mariano Grossi has expressed concern over reports of Russian troops shelling Slavutych, where Chornobyl NPP personnel live.
Ukraine offers EU to completely block transport links with Russia, Belarus
The Ministry of Infrastructure has sent a letter to the European Commission proposing that the EU completely block transport connections with Russia and Belarus.
Ukraine manages to attract about $4B from international partners
Ukraine managed to attract about $4 billion from international partners over the past month.
German Chancellor rejects Putin's demand to pay for gas in rubles
German Chancellor Olaf Scholz has rejected Russia's demand to pay for Russian gas in rubles, saying most agreements provide for payments in euros or dollars.
24 March 2022
Ukraine’s state budget already gets over USD 2B and EUR 1B in international aid
Since the beginning of the war, international partners have provided more than USD 2 billion and EUR 1 billion in assistance to Ukraine.
23 March 2022
Akhmetov says his plants in Mariupol will work under Russian occupation ‘under no circumstances’
Ukraine’s steel magnate Rinat Akhmetov says that his plants in Mariupol will work under Russian occupation under no circumstances.
France’s Crédit Agricole stops commercial activity in Russia
France’s Crédit Agricole has expressed solidarity with Ukraine and stopped all commercial activity in Russia.
Ukrainian banks generated UAH 10B in net profit in Jan-Feb 2022
Ukrainian banks have generated UAH 9.9 billion in net profit over the past two months.
Minister Galushchenko: Ukrainian thermal plants have enough reserves to operate
Ukraine’s heat supply system is generally operating according to the schedule, and there are enough coal reserves to ensure its performance.
22 March 2022
NBU to take additional measures to minimize war impact on banking system
The National Bank has approved a list of additional measures to maintain the stability of the banking system by minimizing the negative impact of Russian aggression.
21 March 2022
Ukraine received about 6.5M tonnes of humanitarian aid over past day
Ukraine has received about 6.5 million tonnes of humanitarian aid over the past day.
Three Belarusian banks disconnected from SWIFT
On March 20, three large Belarusian banks were disconnected from the SWIFT international payment system SWIFT.
20 March 2022
Australia to provide Ukraine with 70,000 tonnes of coal – Energy Ministry
Australia will provide Ukraine with at least 70,000 tonnes of thermal coal to strengthen energy security.
In Mariupol, Azovstal fully halts operations, first time since 1941
Azovstal, a metallurgical giant based in Mariupol, the Ukrainian city now being viciously attacked by Russian invaders, was completely shut down only once – in 1941, the year that Nazi Germany attacked Ukraine.
19 March 2022
Servant of the People leader: 50 businesses already relocated to western Ukraine
A total of 50 Ukrainian enterprises have already been relocated to western Ukraine as part of the business relocation program, as they lost an opportunity to operate in certain regions due to the war.
18 March 2022
Yermak calls on international investors to buy Ukrainian war bonds
Head of the President's Office Andriy Yermak has called on international investors to buy Ukrainian war bonds and transfer their business from the territory of the aggressor country to Ukraine.
MFA: More than 220 foreign companies have already left Russian market
More than 220 foreign companies have already left the Russian market and their number is growing every day.
All critical imports to Ukraine, including food and fuel, to be streamlined
President Volodymyr Zelensky has requested the Cabinet of Ministers, National Security and Defence Council secretary, and Verkhovna Rada speaker develop a format of solutions that will accelerate supplies of all necessary goods from abroad.
17 March 2022
Kherson Region’s farmers forced to cooperate with Russian invaders
Farmers are forced to cooperate with Russian invaders within the temporarily occupied territory of Kherson Region.
Ukraine PM talks to Nestle CEO over Russia operations
Ukrainian Prime Minister Denys Shmyhal has spoken with Nestle CEO Mark Schneider about the ethical side of continuing operations in the Russian Federation despite an ongoing Russian invasion of Ukraine.