Thanks to strengthening of air defenses, Ukrainian grain exports reach pre-war levels - Baerbock
Due to the modernization and strengthening of air defense systems that protect Ukrainian ports, grain exports reached pre-war levels.
Economy - Latest news
25 February 2024
24 February 2024
Ukrenergo restores ZNPP power supply reliability
NPC Ukrenergo has restored the reliability of power supply to Zaporizhzhia Nuclear Power Plant.
Shmyhal and von der Leyen discussed cooperation in defense industry and situation on border with Poland
Prime Minister of Ukraine Denys Shmyhal and President of the European Commission Ursula von der Leyen discussed cooperation in the defense industry and coordinated the next steps within the Ukraine Facility initiative.
Polish protesters unblock Zosin-Ustyluh checkpoint for day
On February 24, Polish protesters temporarily stopped blocking the Zosin-Ustyluh checkpoint in connection with the second anniversary of the beginning of Russia's war against Ukraine.
Food and hot meals delivered to Ukrainian drivers blocked at Polish border
Ukrainian drivers blocked at the Korczowa-Krakivets and Medyka-Shehyni checkpoints were delivered 500 hot meals and food packages.
Ukraine working with U.S. on new sanctions against Russia - Ambassador Markarova
The latest package of Russia sanctions announced by the United States on Friday is seen as effective, however, the Ukrainian side will continue to actively work with the White House on the next package, which may come soon.
Protracted border blockade to hit economies of Ukraine, Poland, and many EU countries – Vysotskyi
The blockade of the Ukrainian-Polish border is more about the interests of certain groups than economic issues.
Ukraine Facility: PM Shmyhal says Government working to receive first tranche
The Cabinet of Ministers of Ukraine is working to receive the first tranche from the European Union under the new programme, Ukraine Facility.
23 February 2024
Government holds meeting in Lviv region, focusing on border blockade
The Cabinet of Ministers of Ukraine has held an offsite meeting in the Lviv region. Among the key issues, government officials considered the situation with the blockade on the Ukrainian-Polish border.
Ukrainian farmers bring destroyed agricultural machinery to Polish border
Ukrainian farmers have brought agricultural machinery damaged or destroyed by the Russian invaders to the border with Poland.
Ukrainian-produced rapeseed spilled on Polish border
Around 09:00 a.m., February 23, 2024, at the Dorohusk railway border crossing, unidentified persons poured Ukrainian-produced rapeseed from two grain hoppers going to Germany.
IMF and Ukraine reach staff-level agreement on third review of financing program
As a result of negotiations between representatives of the IMF and the Government of Ukraine on the third revision of the EFF program, the parties reached a staff-level agreement, which, if approved by the Executive Board, will pave the way for the disbursement of USD 880 million to Kyiv as the next tranche.
Parliament endorses corporate governance reform for state-owned enterprises
The Verkhovna Rada of Ukraine has endorsed the bill “On Amendments to Certain Legislative Acts of Ukraine on Improving Corporate Governance of Legal Entities in Which the State is a Shareholder (Founder, Participant)”.
Ukraine designs third mine clearance vehicle model
In cooperation with Sumy agricultural machinery manufacturers, Ukraine’s Efarm.pro has created another mine clearance vehicle, which is on a par with the Western-made analogs.
British firms exporting goods for Russian military industry through Caucasus, Central Asia - Sky News
British companies are exporting hundreds of millions of pounds of equipment and machinery which almost certainly ends up in Russia, undermining the official sanctions regime and bolstering Vladimir Putin's war machine.
22 February 2024
European Commission looking for balance between Ukraine aid and EU market protection
The European Commission is looking for compromise solutions to problems related to the import of Ukrainian grain and its transit through neighboring countries, as well as a balance between measures to support the Ukrainian economy and the interests of the stability of the EU internal market.
European Parliament's relevant committees approve EUR 50B for Ukraine
The European Parliament's relevant committees have approved the Ukraine Facility, a multi-year financial assistance programme for Ukraine worth 50 billion euros.
Ukrenergo’s efforts to restore Zaporizhzhia NPP’s backup power line complicated by Russian shelling
The repair crews of Ukrenergo National Power Company are trying to restore a backup line supplying electricity to Zaporizhzhia Nuclear Power Plant (NPP), but their efforts are complicated by continuous Russian attacks.
Minnesota, Chernihiv region to deepen cooperation in agricultural sector
The leaders of Minnesota and Ukraine's Chernihiv region signed a Memorandum of Understanding on agricultural cooperation to increase opportunities for reconstruction and economic recovery in the Ukrainian region.
Ukrnafta receives first shipment of well pumps from Germany’s Oil Dynamics
Ukrnafta PJSC has received 50 well pumps from Germany’s Oil Dynamics and expects another 150 units to be delivered in several shipments.
More than 400 subsurface management special licenses provided in Ukraine in 2023
Last year the Ukrainian State Service for Geology and Mineral Resources provided 465 special licenses for subsurface management operations, which is 58% higher compared to 2022.
21 February 2024
EU agrees on mandate to renew suspension of import duties, quotas on Ukrainian, Moldovan exports
The ambassadors of the EU member states agreed on February 21 on the Council's negotiating mandate on two legislative proposals which aim to renew the suspension of import duties and quotas on Ukrainian and Moldovan exports to the EU for another year.
IAEA responds to power outage at ZNPP due to shelling
The International Atomic Energy Agency (IAEA) has said that frequent power outages remain a source of serious concern for nuclear safety at the Zaporizhzhia Nuclear Power Plant (ZNPP), Europe's largest nuclear power plant.
Zaporizhzhia NPP’s power supply line damaged in Russian shelling – Ukrenergo
Following Russian shelling, a power supply line connecting Zaporizhzhia Nuclear Power Plant (NPP) with Ukraine’s energy system has been damaged.
Finance Ministry places domestic government bonds for more than UAH 16.6B
On February 20, 2024, Ukraine’s Ministry of Finance raised UAH 16.6 billion to the state budget at an auction for the placement of domestic government bonds.
Minister Maliuska: Many Russians already lose assets on Ukraine’s territory
With the lawsuits filed by Ukrainian Justice Ministry against Russian groups, oligarchs and members of parliament, many of them have already lost their assets on the territory of Ukraine.
PM Shmyhal discusses Kyiv-Tokyo agreements with Japanese business representatives
Prime Minister Denys Shmyhal discussed the implementation of agreements between Ukraine and Japan with representatives of Japanese businesses.
CHPP modernization, green energy projects: Naftogaz signs memoranda with Japanese companies
Naftogaz Group has signed memoranda with two Japanese companies regarding the modernization of combined heat and power plants (CHPPs) and the development of a joint wind energy project.
20 February 2024
US sanctions Russians involved in LockBit cybercrime
The US Treasury Department has announced sanctions against two Russians involved in the hacking activities of the LockBit group, which is engaged in blocking critical networks abroad and demanding money for the resumption of work.
EU provides EUR 83M in humanitarian aid to Ukraine, Moldova
The European Commission has decided to provide EUR 83 million in humanitarian aid to Ukraine and Moldova to overcome the consequences of Russian aggression and support people affected by the war.