Ukraine's international reserves decreased to $39B
As of June 1, 2024, Ukraine's international reserves stood at $39.03 billion, according to preliminary data.
Economy - Latest news
06 June 2024
Government borrowings to state budget amount to UAH 612B since year-start
Government borrowings to the state budget’s general fund amounted to UAH 612 billion in January-May 2024.
05 June 2024
Emergency power shutdowns in place across 12 regions of Ukraine
On the evening of June 5, as consumption cap were exceeded, emergency power cuts were applied in 12 regions. Critical infrastructure facilities may be de-energized as well.
EU considers using its own budget as guarantee for loan to Ukraine - media
The European Commission is discussing the idea of using the future interest earned on Russian assets frozen in Europe to provide Ukraine with a multi-billion dollar loan, with the EU's seven-year EUR 1.2 trillion budget as a guarantee.
Lyceum in Borodianka damaged by Russian strikes repaired at cost of over UAH 4 million
A former official of the Kyiv Regional Military Administration has been served with a notice of suspicion of causing more than UAH 4 million in damages during the repair of a lyceum in Borodyanka damaged by the Russian army.
EBRD to provide EUR 300M in support of Ukraine’s energy sector – PM Shmyhal
The European Bank for Reconstruction and Development (EBRD) will allocate EUR 300 million for Ukraine to ensure stable and uninterrupted electricity supplies across the country.
Ukraine seeks to strengthen defense industrial cooperation with Türkiye – MoD
Deputy Defense Minister Dmytro Klimenkov said at a meeting with representatives of Turkish defense companies Ukraine hopes to increase defense industrial cooperation with their Türkiye.
Polish farmers continue to block truck traffic at Hrebenne-Rawa-Ruska checkpoint
Polish farmers continue to block truck traffic at the Hrebenne-Rawa-Ruska checkpoint.
Parliament endorses law on mandatory share of biofuels in transport sector
The Verkhovna Rada, Ukraine’s parliament, has approved law No. 3356-d in its entirety on the mandatory share of liquid biofuels (biocomponents) in the transport sector.
Iceland to contribute EUR 667,000 to Ukraine Energy Support Fund
Iceland will make a second contribution of EUR 667,000 to the Ukraine Energy Support Fund, according to the Ukrainian Ministry of Energy.
Mykolaiv farmers export 70% of niche crops produced by them
Mykolaiv farmers export 70% of niche crops produced by them, such as flax, coriander, mustard and millet, towards EU and neighboring countries.
04 June 2024
Deficit in power system expected tomorrow - Ukrenergo
On Wednesday, June 5, there may be a deficit in the power system throughout the day. Electricity consumption limits will be in effect for each region from 00:00 to 24:00.
South Korea could provide $2.1B loan to Ukraine - PM Shmyhal
The Cabinet of Ministers forwarded to the Verkhovna Rada a draft law on the ratification of the intergovernmental agreement between Ukraine and the Republic of Korea, which will allow for receiving a loan of up to $2.1 billion.
Polish farmers renew cargo traffic blockade at Rava-Ruska - Hrebenne checkpoint on Ukraine border
On the morning of June 4, Polish farmers started blocking the cross-border movement of trucks at the Rava-Ruska - Hrebenne checkpoint.
ARMA suggests that foreign investors be allowed to manage seized assets
The Ukrainian Asset Recovery and Management Agency (ARMA) has initiated legislative changes to regulate the issue of providing access for foreign companies to competitions for the selection of a seized property manager.
Ukraine’s exports via maritime corridor already reach 50M tonnes
Over the past nine months, a total of 50 million tonnes of goods have been exported via the Ukrainian maritime corridor.
03 June 2024
Switzerland's upper house rejects $5.5B in aid for Ukraine
Switzerland's upper house of parliament rejected a 5 billion Swiss franc ($5.58 billion) aid contribution for Ukraine.
Ukrenergo warns of higher electricity deficit across Ukraine on Tuesday
On June 4, a higher deficit in the Ukrainian energy system is foreseen; accordingly, consumption limits for each region will be in effect throughout the day.
Polish farmers to block freight traffic at Grebenne - Rava-Ruska checkpoint on Tuesday
On Tuesday, June 4, Polish farmers plan to block cargo transportation at the Hrebenne - Rava-Ruska checkpoint on the border with Ukraine.
Ukraine’s defense giant creating clusters as part of ongoing corporatization
JSC Ukrainian Defense Industry (UOP, Ukroboronprom) is setting up two research and production associations in the field of aviation and ammunition.
Ukrnafta receives first applications from investors to restore 30 wells
PJSC Ukrnafta has received the first applications from interested investors to restore production at 30 abandoned wells by drilling sidetracks.
02 June 2024
On Monday, rolling blackout schedules to be applied in three Ukrainian regions
Power outage schedules will be in effect on Monday, June 3, throughout the day in the city of Kyiv, as well as in Kyiv, Odesa, and Donetsk regions.
Ukrenergo to introduce restrictions on electricity consumption on Monday
On Monday, June 3, restrictions on electricity consumption for industrial and household consumers will be in effect across Ukraine from 00.00 and throughout the day.
Emergency blackouts canceled in Ukraine for Sunday
Emergency power shutdowns have been called off in the city of Kyiv, as well as Odesa, Dnipropetrovsk, Donetsk, and Kyiv regions.
Zelensky invites Singaporean investors to Ukraine Recovery Conference
President of Ukraine, Volodymyr Zelensky, invited Singaporean investors to take part in a joint conference with the European Union on issues of recovery, reform, and modernization of Ukraine’s economy set to be held in Berlin.
Emergency power outages being introduced in Kyiv and several regions
Emergency power outages are being introduced in Kyiv and the Kyiv, Odesa, Dnipropetrovsk and Donetsk regions.
Rolling blackouts possible throughout Ukraine on Sunday - Ukrenergo
In all regions of Ukraine on Sunday, June 2, from 01:00 to 05:00 and from 19:00 to 24:00, electricity consumption caps will be in place for household and industrial consumers.
01 June 2024
Power outage schedules across Ukraine will be in effect from 18:00 to 24:00 today
Power supply limits for industrial and household consumers across Ukraine on Saturday, June 1, will be in effect from 18:00 to 24:00.
Two Ukrainian HPPs suffer critical damage in latest Russian strikes - operator
In the early hours of Saturday, June 1, Russia hit two hydroelectric power plants, critically damaging the equipment there.
DTEK shows consequences of enemy attack on TPP
Thirty-three units of special equipment have been involved in extinguishing the fire that broke out at one of DTEK's thermal power plants following Russian air strikes on June 1.