Zelensky chairs meeting on Ukrainian agri-exports
President Volodymyr Zelensky of Ukraine held a meeting on the export of Ukrainian agricultural products.
Economy - Latest news
24 July 2023
Capital outflow from Russia reaches 13% of GDP - Yermak
Since February 24 last year, capital outflows from Russia have reached USD 253 billion, an outflow rate of 13% of GDP.
Sanctions against Russia's nuclear industry can become real tool in ZNPP's de-occupation - Galushchenko
Sanctions against Russian nuclear industry can become a real tool and force Russia to return to the negotiating table to agree on the de-occupation of Zaporizhzhia nuclear power plant (ZNPP).
Lithuania opposes easing sanctions in exchange for grain deal extension - Nausėda
Lithuanian President Gitanas Nausėda said that Lithuania maintains the position that easing sanctions against Russia in exchange for an agreement on the safe export of Ukrainian grain through the Black Sea is wrong.
23 July 2023
Trudeau, Guterres express concern over Russia’s grain deal exit
Canada and the United Nations share concern over Russia’s withdrawal from the Black Sea Grain Initiative.
President’s Office, Misericordia discuss Ukraine’s recovery
Deputy Head of the Office of the President of Ukraine Oleksiy Kuleba has held a meeting with the management of the international charity organization, Misericordia, to discuss assistance with the restoration of life in the areas liberated from Russian invaders and the most war-affected regions of Ukraine.
Head of State on Sense Bank: Controlled by Ukraine and will operate as usual
Sense Bank, which used to be owned by Russian oligarchs, is now controlled by Ukraine and will operate as usual.
22 July 2023
Sense Bank transferred into state ownership
The Ukrainian Finance Ministry and the Deposit Guarantee Fund have signed an agreement on the purchase of 100% of shares in Sense Bank PJSC, meaning the bank has become state property.
Ukraine to provide other countries with food despite Russia’s grain deal exit – AFU Stratcom
With the support of international partners, Ukraine will continue helping other countries with food despite Russia’s withdrawal from the Black Sea Grain Initiative.
Ukrainian farmers harvest almost 5.9M t of new crop
In Ukraine, agricultural producers have already threshed 5.9 million tonnes of grain from the new harvest.
Cabinet of Ministers nationalizes Sense Bank
The Cabinet of Ministers of Ukraine has decided to participate in the withdrawal of Sense Bank from the market to ensure the stability of the financial system of Ukraine and protect the interests of depositors and creditors of the bank.
Norway to provide €7 billion aid to Ukraine over five years
Norway will provide assistance to Ukraine worth about €7 billion over the next five years.
Kaźmierczak: Polish business should already be preparing to invest in Ukraine
Polish business should already be preparing to invest in Ukraine's reconstruction, as competition with other countries will be strong.
21 July 2023
Borrell: Russia blocks food exports, loots Ukrainian grain
By shelling Ukraine's port infrastructure and destroying grain terminals, Russia is deliberately trying to condemn the world's most vulnerable countries to starvation. This must be met with a decisive response from the international community.
Zelensky wants to set up Silicon Valley-type project in Crimea - minister
President Volodymyr Zelensky has an idea to create in Crimea, after the peninsula is liberated, a project similar to the U.S.-based Silicon Valley, the world's leading center of high-tech companies.
IFC increases financing for Ukrainian SMEs
The International Finance Corporation (IFC) is increasing financing for small and medium-sized businesses in Ukraine and for the development of the Ukrainian tech sector.
Damages caused to Ukraine's infrastructure reach USD 150B - Kondratiuk
The total amount of direct documented damage caused to the infrastructure of Ukraine by Russia's full-scale invasion reaches USD 150 billion.
20 July 2023
Solskyi: ‘Grain deal’ actually didn’t work for month
The Black Sea Grain Initiative practically did not work for a month, so Russia's statement about withdrawal from the agreement did not come as a surprise.
Ambassador: US will continue to seek solutions to get Ukrainian grain to world
While Russia threatens the global food supply, the United States will continue to seek solutions to get Ukrainian grain to the world.
Additional U.S. sanctions to starve Russia of G7-produced technology
The U.S. Treasury Department and the Department of State announced on Thursday the introduction of additional sanctions against Russia, which limit, first of all, the country’s military potential, as well as opportunities for income and access to high technology.
Ukraine to receive $1.5B loan from WB under Japanese guarantees
Ukraine will receive a USD 1.5 billion loan from the World Bank under the guarantee of the Japanese government.
UK imposes sanctions against Russians linked to Wagner PMC in Africa
The UK Treasury has imposed sanctions against 13 individuals and legal entities associated with the activities of the Russian PMC Wagner in Mali, Sudan, and the Central African Republic (CAR).
EU extends sanctions against Russia until Jan 31, 2024
The European Union today decided to extend restrictive measures against Russia in response to its military aggression against Ukraine for a further six months, until January 31, 2024.
Russia's blockade of Black Sea routes requires strengthening solidarity lanes - Borrell
Russia's refusal to participate in the Black Sea Grain Initiative and Russia's blocking of transport routes in the Black Sea require greater efforts from member states to ensure the effective functioning of the EU's solidarity lanes on the borders with Ukraine to increase the volume of Ukrainian grain exports.
Stefanishyna calls on partners to work together on unhindered exports to EU
Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Olga Stefanishyna calls on partners to work together to ensure unhindered Ukrainian exports to the European Union.
World Bank Group's vice presidents arrive in Ukraine
Antonella Bassani, Vice President of the Europe and Central Asia Region at the World Bank., and Alfonso Garcia Mora, Regional Vice President for Europe, Latin America and the Caribbean at the International Finance Corporation, have arrived in Kyiv as part of their first official visit to Ukraine.
Water level in ZNPP cooling pond stable - Energoatom
The water level in the Zaporizhzhya nuclear power plant’s cooling pond remains stable.
Over 600 Polish entrepreneurs work in Ukraine during war - Emilewicz
More than six hundred Polish entrepreneurs are currently working in Ukraine. Over 2,000 more have expressed their desire to do so.
19 July 2023
USAID to work with U.S. Congress to invest $230M in Ukrainian businesses
The United States Agency for International Development (USAID) will work with U.S. Congress to allocate $230 million to support Ukrainian enterprises, which includes low-interest loans, business grants, etc.
Shmyhal, Varadkar discuss participation of business in Ukraine’s reconstruction
Prime Minister of Ukraine Denys Shmyhal discussed the participation of Irish business in the reconstruction of Ukraine with Prime Minister of Ireland Leo Varadkar.