Bridgestone sells its assets in Russia
Japanese tire manufacturer Bridgestone has announced the sale of its Russian assets to S8 Capital, a Russian diversified holding company.
Economy - Latest news
22 December 2023
21 December 2023
Ukraine extends restructuring of debt to G7 countries, Paris Club until 2027
Ukraine has signed amendments to the Memorandum of Understanding on official debt payments suspension with international partners from the G7 and the Paris Club.
Ukraine increases agri-imports to EU, remains among three largest suppliers
Ukraine increased its agricultural imports to the EU by 11% between January and September this year compared to the same period in 2022 and remains in third place among the largest suppliers of agricultural products to the EU.
Ukraine, Moldova simplify crossing border
Prime Minister of Ukraine Denys Shmyhal and Prime Minister of Moldova Dorin Recean have signed a number of protocols to simplify the crossing of the Ukrainian-Moldovan border for citizens and cargo.
Ukrainian, U.S. nuclear regulators deepening cooperation
The State Nuclear Regulatory Inspectorate of Ukraine and the United States Nuclear Regulatory Commission (US NRC) signed a memorandum that provides for deepening of cooperation.
The Netherlands allocating EUR 102M aid package to Ukraine
The Dutch government is allocating EUR 102 million for the first four months of 2024 to help Ukraine survive the winter and prepare for spring.
U.S. successful in attracting investment, private sector to Ukraine - Blinken
U.S. Secretary of State Antony Blinken said that the United States has made real progress in attracting foreign investment to Ukraine, as well as private sector investment, which has a positive impact on the economy.
EU disburses this year's last tranche of EUR 1.5B in financial aid to Ukraine
European Commission President Ursula von der Leyen has announced the disbursement to Ukraine of the last EUR 1.5 billion tranche of this year's EUR 18 billion macro-financial assistance package.
About 4,000 trucks in queues on border with Poland - Demchenko
About 4,000 trucks are queuing at the border with Poland to enter Ukraine.
Switzerland steps up winter aid for Ukrainians
The Swiss government has allocated an additional CHF 11.8 million (over $13.6 million) in aid to Ukraine during the winter period.
Ukraine receives $950M from Japan under WB projects
The State Budget of Ukraine received about $950 million from Japan as part of World Bank projects for recovery and social protection.
Germany hands over winter energy aid package to Ukraine
Germany, through the European Energy Community, has provided Ukraine with a winter aid package worth more than EUR 88 million.
Kubrakov, Klimczak discuss lifting Poland’s border blockade
Ukrainian Deputy Prime Minister for Restoration - Minister for Communities, Territories and Infrastructure Development Oleksandr Kubrakov has met with Polish Infrastructure Minister Dariusz Klimczak.
Air traffic over Ukraine to move from standstill next year, security official says
There are four key issues that need to be addressed in resuming air traffic in Ukraine.
Galushchenko at EU Energy Council: We must not allow Russia to circumvent sanctions
Energy Minister German Galushchenko emphasized the importance of the 12th package of sanctions against Russia and stressed that the aggressor should not be allowed to circumvent the sanctions.
Latest package of EU sanctions against Russia estimated at €2B a year - OP
The 12th package of sanctions against the aggressor state of Russia, adopted by the European Union, is estimated at a total of €2 billion a year.
Large businesses hesitant about returning to Mykolaiv region – regional military chief
The large businesses which have relocated are hesitant about returning to the Mykolaiv region, but certain local successes have been achieved.
20 December 2023
Chinese company planning to build tunnel to Crimea added to list of war sponsors
The National Agency for Corruption Prevention (NACP) has added China's second largest state-owned construction company, China Railway Construction Corporation (CRCC), to the list of international sponsors of the war. It continues to work in Russia, building subways, bridges, and highways.
U.S. tightens restrictions on transactions with Russian oil
The U.S. Treasury Department has announced additional steps to limit Russia's oil revenues and to prevent illegal schemes to circumvent price caps imposed on Russia in this area.
Germany wants to seize EUR 720M worth of Russian assets
The German Federal Public Prosecutor's Office has filed a lawsuit to confiscate more than EUR 720 million worth of Russian funds based on the suspected violation of the Foreign Trade and Payments Act.
305 ships pass through Black Sea humanitarian corridor - U.S. Ambassador
So far, 305 ships have passed through the Black Sea humanitarian corridor, transporting more than 10 million tons of grain and other goods.
EU countries preparing to stop Russian gas transit through Ukraine - European Commissioner
In exactly one year, the contract for the transit of Russian gas through Ukraine will expire, so EU member states that still consume Russian gas should prepare for changes in the market and reduce their consumption of Russian liquefied and pipeline gas.
Rada simplifies import of radar systems for army
The Verkhovna Rada adopted two draft laws that would exempt the import of radar systems for security and defense purposes into Ukraine from VAT and customs duties.
Despite border blockade, GDP grows by 4% - economy ministry
According to preliminary estimates of the Ministry of Economy, GDP growth in November 2023, compared to November last year, is about 4%.
Ukraine needs $37.3B in external funding in 2024 – finance ministry
Ukraine's need for international financing in 2024 has been reduced from $41 billion to $37.3 billion.
19 December 2023
Zelensky plans to cut government spending
President Volodymyr Zelensky has said he wants to reduce the Cabinet of Ministers and, accordingly, state budget expenditures, as UAH 500 billion is needed for mobilization requested by the military.
Zelensky thanks Romania for helping Ukrainian farmers to survive
The major issues have arisen due to Poland’s border blockade, and Romania has helped Ukraine despite the difficulties caused by strikes.
President: Opening of Boryspil airport will mean that Ukraine is winning
President of Ukraine Volodymyr Zelensky has said that the government is working to resume flights from Ukraine, but regular civilian flights from Boryspil International Airport are a distant prospect, it become possible when the victory is closer.
Law on single body for inspections needed: Zelensky comments on business pressure
President of Ukraine Volodymyr Zelensky believes that the issue of pressure on business by law enforcement agencies will be resolved when the relevant draft law is approved, namely, the bill on the launch of the Bureau of Economic Security (BES).
President believes new Polish government to lift border blockade
Ukrainian President Volodymyr Zelensky has expressed hope that Poland’s new government will unblock the border.