NBU sells $695 million on interbank market over week
The National Bank of Ukraine sold $694.7 million on the interbank foreign exchange market last week.
Economy - Latest news
10 June 2024
Ukraine exports over 400,000 t of sugar since year-start - Agrarian Policy Ministry
Since the beginning of 2024, Ukraine has exported 421.8 thousand tonnes of sugar, including 301 thousand tonnes to the EU countries.
G7 plans to warn Chinese banks helping Russia circumvent sanctions - Reuters
U.S. officials expect the Group of Seven (G7) wealthy democracies to send a tough new warning next week to smaller Chinese banks to stop assisting Russia in evading Western sanctions.
Ukrainian seaports handle 45.8M tonnes of cargo since year-start
Cargo turnover at Ukrainian seaports reached 45.8 million tonnes in the five months of 2024, almost twice as much as in the same period in 2023.
09 June 2024
Traffic moves in both directions at Shehyni-Medyka checkpoint - border guards
At the Shehyni-Medyka checkpoint on the border with Poland, traffic is moving in both directions, despite the threats of Polish farmers.
France to provide EUR 200M for restoring Ukraine’s critical infrastructure
Ukraine and France signed an agreement on the restoration and maintenance of critical infrastructure and priority sectors of the economy for EUR 200 million, of which EUR 60 million will be allocated for energy needs.
Ukraine, France renew agreement on peaceful use of nuclear energy
Ukraine and France have renewed the agreement on cooperation in the field of peaceful use of nuclear energy. The document was extended for 20 years.
Government approves compulsory acquisition of Odesa refinery in favour of state
The Cabinet of Ministers has approved the compulsory seizure of Odesa Oil Refinery PJSC, which belonged to Sergiy Kurchenko, in the interests of the state.
08 June 2024
Ukraine, France sign agreement on financial and technical support for enterprises
Ukraine and France have signed the agreement on the establishment and operation of the French Development Agency, the Society for Promotion and Participation for Economic Cooperation (PROPARCO) and Expertise France in Ukraine, which are part of the AFD Group.
Swiss companies interested in doing business in Ukraine despite wartime challenges
Most Swiss companies that were present in Ukraine prior to the Russian full-scale invasion continue doing business, even though they were forced to reduce the scale of activities due to wartime challenges.
07 June 2024
PM of Ukraine on situation in energy sector: Ukraine lost 50% of generation due to shelling
Ukraine has lost 50% of its electricity generation capacity as a result of shelling, and the government is working to restore it so that it can have as much generation as possible by winter.
Government approves resolution to reduce power consumption - Shmyhal
The government has adopted a resolution to reduce power consumption for all public authorities, in particular, stop using air conditioners and switch off external lighting of buildings.
Power outage schedules on Saturday will be in effect at night and after 16.00 – Ukrenergo
On Saturday, June 8, hourly power outage schedules for industry and households will be in effect from 0.00 to 05.00 and from 16.00 to 24.00.
Zelensky calls on French business to invest in Ukraine
At a meeting in Paris with the heads of leading French companies, President Volodymyr Zelensky called on them to invest in Ukraine now.
Ukraine signs memorandum with World Bank to improve housing market
Prime Minister of Ukraine Denys Shmyhal, Vice President of the World Bank Antonella Bassani, and Vice President of the International Finance Corporation Alfonso Garcia Mora have signed a memorandum of understanding to improve the housing market in Ukraine.
Exclusion zone will receive funds for restoration from EBRD
The Verkhovna Rada has ratified a framework agreement with the European Bank for Reconstruction and Development on the activities of the International Cooperation Account for Chornobyl.
Galushchenko discusses situation at ZNPP with Grossi
Ukraine’s Minister of Energy German Galushchenko and IAEA Director General Rafael Grossi held a meeting to discuss the situation at the temporarily occupied Zaporizhzhia nuclear power plant (NPP).
Naftogaz Group, EBRD discuss possibility of project financing
Naftogaz Group Board Chairman & CEO Oleksiy Chernyshov and President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso have discussed the possibility of attracting financing for the Group’s projects.
Ukrhydroenergo preparing lawsuit with international arbitration over destruction of Kakhovka HPP
Ukrhydroenergo PrJSC is planning to file a lawsuit with the International Court of Arbitration against Russia with a demand for compensation for the damages caused by the destruction of Kakhovka Hydroelectric Power Plant (HPP).
Kakhovka HPP can be rebuilt in 6-7 years after de-occupation - Ukrhydroenergo
After the de-occupation of the territory where the Kakhovka hydroelectric power plant (HPP) is located, the facility can be rebuilt in 6-7 years.
MFA calls on Chinese companies to be more involved in assisting Ukraine
At a meeting in Shanghai with representatives of Chinese business circles, First Deputy Minister for Foreign Affairs of Ukraine Andrii Sybiha called on them to take a more active part in assisting Ukraine and developing trade and investment ties.
06 June 2024
EU trade support measures for Ukraine enter into force
On Thursday, June 6, the so-called Autonomous Trade Measures (ATMs) came into effect in the EU, suspending all import duties and quotas for Ukrainian exports to the European market for another year.
Ukrenergo introduces emergency power outages in Kyiv and 12 regions
On the evening of June 6, emergency power outages were introduced in 12 regions and the city of Kyiv as consumption limits were exceeded.
Since the start of full-scale invasion, EBRD's assistance to Ukraine has reached almost EUR 4 billion
The financial assistance of the European Bank for Reconstruction and Development (EBRD) since the beginning of the full-scale invasion has amounted to almost EUR 4 billion.
USD 2.2 billion tranche: IMF says when it will make decision
The IMF Executive Board will decide on the allocation of a new tranche of USD 2.2 billion under the EFF programme to Ukraine at a meeting to be held in the coming weeks.
Ukraine’s energy chief to EU envoys: Russia seeks full blackout in Ukraine
As heat and hydropower generation suffered the greatest destruction due to renewed massive Russian attacks, Ukraine is preparing for a hard winter.
EU to deliver EUR 16B within Ukraine Facility before year-end - PM Shmyhal
Prime Minister Denys Shmyhal of Ukraine says thanks to the agreement with the European Union within the framework of the Ukraine Facility, ratified by the Verkhovna Rada, the country will receive EUR 16 billion worth of assistance as early as this year.
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.
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.