Ukraine harvests over 16.5M t of new grain crop
As of August 4, 2023, Ukraine harvested 16.574 million tonnes of grains and pulses on 3.782 million hectares with a yield of 44 centners/ha.
Economy - Latest news
04 August 2023
PM: Ukraine wants to insure ships that will sail through "grain corridor"
Ukraine has insured all merchant ships exporting and importing goods through the Danube ports and is considering insuring ships that will sail through the grain corridor.
Ukraine proposes to introduce sanctions against Rosatom in stages - Shmyhal
Ukraine proposes to gradually impose sanctions against Rosatom.
03 August 2023
National Bank resuming scheduled inspections of Ukrainian banks
The National Bank of Ukraine is resuming scheduled inspections of banks, which have been suspended since March 2020. The first such inspections will kick off in the 4th quarter of 2023.
EU slaps ban on arms, tech exports to Belarus
Today, the Council of the EU adopted new sanctions against 38 individuals and three legal entities from Belarus, and also extended the ban on the export of firearms, aviation and space industry.
Poland to close border for Ukrainian agri products after Sep 15 - minister
Polish Minister of Agriculture Robert Telus said the country would shut down its border for Ukrainian grain after September 15.
US extends sanctions against Russia
The U.S. Treasury Department has announced additional sanctions against Russia, including against the scientific institutions of the Russian Academy of Sciences (RAS).
Italy's largest bank to close office in Moscow
The largest Italian bank Intesa Sanpaolo will close its branch in the Russian capital Moscow.
UGA increases forecast of oilseeds, grains harvest in Ukraine to 76.8M t
Ukrainian Grain Association (UGA) has increased its estimate of this year's potential harvest of grains and oilseeds in Ukraine by 7.8 million tonnes to 76.8 million tonnes.
One of IAEA missions completes its work in Ukraine
The mission of the International Atomic Energy Agency (IAEA) to support and assist in the safety and security of ionizing radiation sources in Ukraine has been completed.
Shmyhal predicts "battle" in fall for U.S. financial support
Prime Minister Denys Shmyhal believes that Ukraine will have to work hard this fall to ensure that financial support from the United States does not decrease.
Ukraine hopes to receive $14B for recovery - Shmyhal
Ukraine this year expects to attract $45.8 billion from international partners for budget financing and $14 billion for rapid recovery.
Ukraine ready to join Black Sea grain export deal at any moment - Humeniuk
Ukraine is ready to join the Black Sea grain export deal despite Russian attacks on Odesa and Ukrainian Danube ports.
Total war-related damage to Ukraine’s infrastructure exceeds $150B - KSE
The amount of direct damage caused to the infrastructure of Ukraine due to Russia’s full-scale invasion is estimated at $150.5 billion, of which $55.9 billion is related to the housing stock.
Russia seeks to create new dependencies with cheap grain - Borrell
Russia is offering cheap grain to developing economies "to create new dependencies by exacerbating economic vulnerabilities and global food insecurity."
Ukraine counts on Japan's support in economic recovery
Ukraine is interested in attracting Japanese experience in economic recovery in the post-war period, in particular in financial support on the part of the private sector.
Ukraine reduces agri-exports by 29% in July - UCAB
In July 2023, Ukraine exported 3.7 million tonnes of agricultural products, which is 29% less than in June this year.
Gas imports amount to 589M cubic meters in July - GTSOU
In July, Ukraine imported 589 million cubic meters of gas from the European Union and Moldova, almost all of which was stored in bonded warehouse and short-haul mode.
02 August 2023
Galushchenko: Sanctions to be imposed on all Russian nuclear industry workers coming to ZNPP
Sanctions will be imposed on all Russian nuclear industry workers coming to the captured Zaporizhzhia NPP.
Britain will provide expert support in rebuilding Ukraine
Ukraine and Great Britain have signed a memorandum of understanding under which the partners will provide expert support in rebuilding Ukraine.
Ukraine to host first forum of defense industries this autumn – Zelensky
The first forum of defense industries will take place in Ukraine this autumn, Ukrainian President Volodymyr Zelensky has said.
Russian strikes devastate 40,000t of grain bound for Africa, China, Israel
The Russians using Iranian-made drones have been attacking the infrastructure of Ukraine’s ports in the Danube cluster, leaving almost 40,000 tonnes of food products intended for African countries, China, and Israel damaged.
Ukraine discusses routes to ports for grain exports with Croatia
The Minister of Agrarian Policy and Food of Ukraine Mykola Solskyi discussed with the Advisor to the Minister of Foreign Affairs of the Republic of Croatia Kolinda Grabar-Kitarović the issue of exporting Ukrainian grain through Croatian ports.
U.S. senators introduce bill on energy security in Ukraine, Europe
U.S. senators introduced a bipartisan bill aimed at supporting Ukraine's energy infrastructure and reducing the EU's dependence on Russia.
It may take six years to restore Kakhovka HPP - operator
Construction work to restore the destroyed Kakhovka hydroelectric power plant after the area is liberated will take about six years.
South Africa trying to convince Russia to resume participation in "grain deal"
The Republic of South Africa is trying to convince Russia to return to negotiations on a grain deal that will allow the export of Ukrainian grain through the Black Sea.
Raiffeisen postpones withdrawal from Russia until year end
The Austrian banking group Raiffeisen Bank International (RBI) considers it possible to separate its subsidiary bank in Russia from the parent group no earlier than the end of December, although earlier it was said to be the end of September.
First airline suspends flights to Moscow due to drone attacks
Turkmenistan Airlines has announced the suspension of flights on the Ashgabat-Moscow-Ashgabat route from August 1.
01 August 2023
PM Shmyhal meets with G7, EU Ambassadors to discuss Ukraine’s reconstruction, reforms
Ukrainian Prime Minister Denys Shmyhal has met with the Ambassadors of the Group of Seven (G7) and discussed with them Ukraine’s reconstruction and reforms intended to strengthen the state.
Ukraine expects to receive at least $37B in international aid in 2024 – NBU Governor
Ukraine expects to receive $42 billion in international assistance in 2023 and at least $37 billion in 2024.