Russia’s oil exports plunge in July - media
Last month, Russian oil exports from the country's main western ports fell to their lowest in nearly 20 months. China-bound exports saw the largest drop.
Economy - Latest news
03 August 2024
No rolling blackouts expected across Ukraine on Sunday - grid operator
No hourly power outages have been scheduled in Ukraine for tomorrow, August 4.
Ukraine already harvests over 28.5M tonnes of grain, oilseed crops
As of August 2, 2024, more than 28.5 million tonnes of the new-harvest crops were gathered across Ukraine.
02 August 2024
Government opens all border crossing points for military goods
On 2 August, the Cabinet of Ministers simplified the supply of military goods across the customs border of Ukraine; it provides for their unimpeded movement through all open checkpoints.
Ukraine’s int’l reserves may drop to $32B in 2026 - NBU
The National Bank of Ukraine predicts a decrease in the country’s international reserves to $32 billion by the end of 2026.
Over 300K ha of farmland put back into operation following demining
Sappers have completed demining of over 310,000 hectares of Ukrainian farmland, allowing for the return of those areas into agricultural use.
Ukraine to attract EUR 50M of support from EU for port infrastructure development
The Cabinet of Ministers passed a decision allowing Ukraine to attract EUR 50 million in support from the European Union for the repair and development of port infrastructure.
Turkey ratifies free trade agreement with Ukraine
Turkey has ratified a free trade agreement with Ukraine.
Ukraine introducing electronic export licensing
Ukrainian exporters will submit documents and receive licenses under a simplified procedure, i.e. in electronic format.
Sanctions against Russian companies not threaten energy security of Slovakia – PM Shmyhal
Ukrainian Prime Minister Denys Shmyhal invited the newly appointed Ambassador of the Slovak Republic to Ukraine, Pavel Vizdal, to a meeting, where he emphasized that Ukraine’s sanctions against Russian companies pose no threat to the energy security of Slovakia.
About a third of auctions in Prozorro.Sale system end by signing agreements
Since early 2024, 30.2% of the declared auctions have been held in the Prozorro.Sale system. Corresponding agreements have already been signed for 25.6% of them, and the rest are remaining at the stage of signing a deal.
01 August 2024
No power outages expected on Friday - Ukrenergo
No power outage schedules are expected to be applied in Ukraine on Friday, August 2.
Oil transit from Russia through Ukraine: EU rejects Hungary and Slovakia's request for urgent consultations
The European Commission has rejected a request from Hungary and Slovakia for urgent consultations on Ukraine's decision to ban the transit of crude oil from a major Russian supplier.
Shmyhal, Dombrovskis discuss energy sanctions against Russia
Ukrainian Prime Minister Denys Shmyhal and Executive Vice President of the European Commission Valdis Dombrovskis in a phone call on Thursday discussed energy sanctions against Russia and Ukraine's receipt of $50 billion from the use of frozen Russian assets.
U.S. supports Ukraine's decision to build additional nuclear power units – deputy energy minister
The United States supports Ukraine's intention to resume the construction of additional nuclear power units in the medium term.
First tranche from United States in 2024: Finance ministry, World Bank sign $3.9B agreement
Ukrainian Finance Minister Sergii Marchenko and World Bank Country Director for Eastern Europe Bob Saum have signed a new financial agreement on this year’s first tranche from the United States, totaling USD 3.9 billion.
Ukraine already exports 3.4M tonnes of grain, leguminous crops
Since the beginning of the marketing year 2024/2025, Ukraine has exported 3,440 thousand tonnes of grain and leguminous crops, which is 1,280 thousand tonnes higher compared to the same period last season.
No geographical requirements for installation of solar power plants in Ukraine – expert
There are no geographical requirements for the installation of solar power plants, as climate change over the past 30 years has made it possible to generate enough solar power even in Ukraine’s north.
UGA lowers grain and oilseed harvest forecast to 71.8M due to heat
The Ukrainian Grain Association (UGA) has updated its estimate of potential grain and oilseed harvest in 2024, lowering it by 2.8 million tonnes to 71.8 million tonnes.
31 July 2024
State budget’s general fund receives UAH 120.3B in July – Finance Ministry
The general fund of the state budget of Ukraine received UAH 120.3 billion in July 2024.
Expert: Investors' capacity to install solar power plants exceeds demand
Today, investors' capacity to install solar power plants exceeds demand from communities.
Government dismisses head of State Energy Supervision Inspectorate
The Cabinet of Ministers has dismissed Ruslan Slobodian as head of the State Energy Supervision Inspectorate.
Svyrydenko, Pritzker discuss strengthening of investment cooperation
Ukrainian Deputy Prime Minister, Economy Minister Yuliia Svyrydenko and U.S. Special Representative for Ukraine’s Economic Recovery Penny Pritzker have discussed investment raising, training programs for Ukrainians, and the use of the frozen Russian assets.
Naftogaz Group puts into service new high-rate well
Ukrgasvydobuvannya JSC, which is part of Naftogaz Group, has put into service a new high-rate well with a daily production rate of 274,000 cubic meters of natural gas.
30 July 2024
Ukraine open for consultations regarding transit of Lukoil oil – MFA
Ukraine is ready to join consultations with the European Commission regarding the transit of Lukoil oil if the appropriate mechanism is applied.
Situation in energy sector has stabilized – PM Shmyhal
The situation in the energy sector in Ukraine has stabilized due to the early completion of repairs at two nuclear power plants and a decrease in air temperature.
29 July 2024
No power outages expected in Ukraine on Tuesday - operator
On Tuesday, July 30, no scheduled blackouts are expected across Ukraine.
Ukraine to receive $3.9B from United States in coming weeks – PM Shmyhal
In the coming weeks, Ukraine expects to receive the first $3.9 billion in direct budget support from the United States, totaling $7.85 billion.
Power outage schedules on Monday to be in effect from 16:00 to 23:00
Hourly power outage schedules on Monday, July 29, will be in effect from 16:00 to 23:00.
27 July 2024
Galushchenko, Brink discuss bolstering air defenses to protect Ukraine's energy industry
Ukrainian Energy Minister German Galushchenko and U.S. Ambassador to Ukraine Bridget Brink have discussed measures to bolster air defenses to protect Ukraine's energy system.