Shmyhal holds first meeting of headquarters to prepare for next heating season
Ukrainian Prime Minister Denys Shmyhal has chaired the first meeting of the headquarters to prepare for the 2024/2025 autumn and winter heating season.
Economy - Latest news
08 May 2024
UK to donate EUR 23M to Ukraine Energy Support Fund
The United Kingdom announced an additional contribution to the Ukraine Energy Support Fund in the amount of GBP 20 million pounds (EUR 23 million).
Wednesday evening, Ukraine to impose restrictions on energy supply to businesses
Energy restrictions will apply to businesses on Thursday, May 8, from 18:00 to 23:00. In case of further increase in consumption, outages are possible for household consumers.
EU envoys approve motion to send Ukraine revenues from frozen Russian assets
EU ambassadors on Wednesday, May 8, agreed to use profits from frozen Russian assets to support the Ukraine recovery and its defense against Russian aggression.
Power grid operator comments on consequences of Russian strikes
The enemy launched a new massive missile and drone strike targeting energy infrastructure facilities in Vinnytsia, Zaporizhzhia, Ivano-Frankivsk, Kirovohrad, and Poltava regions.
Ukraine’s international reserves cut to $42.4B as of May 1
As of May 1, 2024, Ukraine’s international reserves came to $42.4 billion, having decreased by 3.1% in April 2024.
Naftogaz Group generates UAH 23B in profit in 2023
Last year Naftogaz Group generated UAH 23.1 billion in profit compared to UAH 79.1 billion worth of losses suffered in 2022.
07 May 2024
Germany sees two "pillars" necessary for Ukraine to prevail over Russia
Ukraine will be able to prevail in the war unleashed by Russia only under the condition of strong support from partners both in terms of arms supplies and civilian aid to ensure the normal functioning of the economy.
Government supports draft law on ratification of free trade agreement with Turkey
The Cabinet of Ministers of Ukraine has approved a draft law on the ratification of the free trade agreement between Ukraine and Turkey.
State Property Fund offers for sale packaging plant seized from Russian oligarch
The Ukrainian State Property Fund has announced an auction for the sale of PentoPak PrJSC, which used to be owned by a Russian oligarch.
06 May 2024
Poland to continue paying subscription fees for Starlink terminals in Ukraine
The Polish side will continue covering subscription fees for Starlink terminals operating in Ukraine.
Russians will not have enough water in coolers to launch ZNPP - Energy Minister
Energy Minister Herman Halushchenko considers it absurd that the temporarily occupied Zaporizhzhia nuclear power plant was launched by Russian personnel.
Ukraine already producing artillery rounds but still relying on international supplies - minister
Ukraine has already resumed domestic production of artillery ammunition, but, taking into account the huge demand from the Defense Forces, it still relies on supplies of shells from partner countries.
05 May 2024
Russian strike destroys meat processing plant in Kharkiv
As a result of a Russian missile attack on Kharkiv on May 4, a meat processing plant was obliterated.
Latest Russian strikes on energy infrastructure cause over $1B in losses - minister
The situation of Ukraine’s power grid is rather complicated following a series of Russian missile and drone strike on energy infrastructure facilities over the recent months.
04 May 2024
Ukraine expects $38B in international aid this year – NBU governor
Ukraine has fulfilled all of its requirements under an IMF program and expects international partners to provide $38 billion in financial support this year.
Ukraine remains attractive for doing business despite war - Schulze
Ukraine continues to be attractive for doing business even in conditions of war.
Ukrenergo working on strengthening protection of high-voltage substations
The chiefs of NEC Ukrenergo, the Recovery Agency, and USAID discussed with U.S. Ambassador Bridget Brink the possibility of strengthening the protection of the company's high-voltage substations against Russian attacks.
National Bank eases forex restrictions for businesses
The National Bank of Ukraine is introducing another relaxation of forex restrictions for businesses, which will be the largest since the beginning of the full-scale war.
Defense agencies of Ukraine, Poland begin to actively cooperate with businesses – expert
The defense ministries of Ukraine and Poland, as well as other government agencies related to the security and defense sector, are starting to actively cooperate with businesses.
03 May 2024
Ukraine and UK launch projects in field of green energy innovations
Ukraine is launching the first 13 innovative energy projects under the InnovateUkraine programme with the support of the UK government.
Naftogaz, SOCAR discuss possibility of storing Azerbaijani gas in Ukraine
Naftogaz Group Board Chairman & CEO Oleksiy Chernyshov and State Oil Company of Azerbaijan Republic (SOCAR) President Rovshan Najaf have met and discussed the prospects of cooperation between the two companies, namely in terms of gas storage services.
FM Kuleba says half of Ukraine’s energy system damaged
Russian ballistic missiles have damaged half of Ukraine’s energy system, but the country continues to run the war effort.
02 May 2024
Ukraine attracts record amount of international aid in March - Shmyhal
In March, Ukraine attracted a record amount of international aid - more than $9 billion.
Minister Galushchenko sees U.S. ban on Russian uranium imports as step towards sanctions against Rosatom
Ukrainian Energy Minister German Galushchenko believes that the decision of the United States to ban Russian uranium imports will be a step towards sanctions against Russia’s Rosatom.
New environmental project is being launched in Ukraine at expense of EU
The project "Preservation of Natural Heritage for Life in Ukraine" is being implemented in Ukraine with co-financing from the LIFE Program.
01 May 2024
Shmyhal calls on other countries to reject Russian uranium imports
Prime Minister of Ukraine Denys Shmyhal has called on other countries to reject the import of Russian uranium.
Power companies supply power to all consumers in Dnipropetrovsk region after shelling
Power engineers have restored electricity supply to all consumers in the Dnipropetrovsk region that were cut off due to Russian attacks.
U.S. Senate passes Russian uranium import ban
The Senate voted on Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the White House which has said it supports efforts to block the Kremlin's shipments of the reactor fuel.
Russia facing fuel problem over Ukrainian drone attacks - Politico
Ukraine is taking out oil refineries inside Russia, cratering Moscow’s supplies and sending local prices soaring.