Japan introduces new sanctions against Russia
The government of Japan has introduced new sanctions against Russia over its invasion of Ukraine.
Economy - Latest news
09 August 2023
€103M frozen in Lithuania due to sanctions against Russia, Belarus
The Financial Crime Investigation Service (FNTT) of the Lithuanian Ministry of Internal Affairs reported that the total amount of assets frozen in the country due to international financial sanctions imposed on Russia and Belarus reached €103 million.
PM: Energy facilities’ repair campaign goes according to plan
The energy facilities’ repair campaign goes according to plan.
08 August 2023
EU cuts Russian gas supplies from 50% to 8%
During the year after Russia's full-scale invasion of Ukraine, Russian pipeline gas supplies to the EU countries dropped from 50% to 8% of total gas imports.
No plans to open Uzhhorod airport by war end - RMA
The reopening of Uzhhorod airport by the end of Russia's war is out of the question, as the safety of civilians is above the carrier's business interests, and the arguments that the airfield is close to the border with a NATO country are illusory.
Shmyhal: Farmers have threshed almost 16.6M tonnes of grain
Ukrainian farmers have already threshed almost 16.6 million tonnes of grain.
Deputy PM Kubrakov: Ukraine, US to launch project on energy sustainability of communities
Ukraine, together with partners from the United States of America, will launch a project on energy sustainability of communities.
Ukraine seeing growing number of companies engaged in defense industry - minister
The number of enterprises working in the defense industry is growing, showing that the government is gradually putting the economy on a war footing.
Five nuclear reactors repaired at Ukrainian NPPs this year
Ukraine's National Nuclear Energy Generating Company Energoatom repaired five nuclear reactors at the country's nuclear power plants this year.
European companies lose over €100B from operations in Russia since war start - FT
The largest European companies have suffered at least €100 billion in direct losses from their operations in Russia since Russia's full-scale invasion of Ukraine last year.
JPMorgan stops processing payments for Russian grain exports
The American bank JPMorgan has stopped processing payments from Russia's Rosselkhozbank, which is under sanctions from the United States and the European Union.
07 August 2023
Blast in Turkish port damages 13 elevators
The number of victims of the explosion in the port of Derince in northwestern Turkey has increased to 10, and 13 elevators have been damaged.
Ukraine’s international reserves reach record high of $41.7B
As of 1 August, Ukraine’s international reserves stood at $41.7 billion, reaching a record high since Ukraine gained its independence.
NACP restores status of five Greek shipping companies in war sponsors list
Ukraine's National Agency for Corruption Prevention (NACP) has reinstated the status of five Greek carriers on the list of international war sponsors. These companies failed to meet the conditions agreed upon during negotiations to remove them from the list.
South Korea will allow businesspeople to travel to Ukraine for reconstruction projects – media
The South Korean government has decided to allow Korean businesspeople to visit Ukraine for negotiations on participation in reconstruction projects.
NCER says just 1.6% of energy objects damaged in Russian attacks renovated so far
Just 1.6% of the Ukrainian energy objects affected by Russian attacks have been renovated.
06 August 2023
Russia’s manufacturing industry suffers from record-breaking labor shortage – Yermak
Russia’s manufacturing industry is suffering from a record-breaking labor shortage.
Germany provides $1.55B in financial assistance to Ukraine since Russian invasion started
The German Federal Government has provided $1.55 billion in financial assistance to Ukraine since Russia’s full-scale invasion started, mostly through grants.
05 August 2023
EU to provide Polish farmers with €176M in support
The European Commission (EC) has approved a EUR 176 million program to support Polish companies in the face of Russia's war against Ukraine.
PM: Ukraine spends 100% of taxes on army needs
Ukraine spends 100% of taxes paid by businesses and citizens to meet the needs of the Security and Defense Forces.
Global food prices rise after Russia's withdrawal from Black Sea grain deal
Global food commodity prices rose in July, influenced by the termination of the Black Sea Grain Initiative and new trade restrictions on rice.
04 August 2023
Ukrainian food exports are key factor in stability of food markets – Zelensky
Ukrainian food exports are a key factor in the stability of food markets. Hence, together with partners, Ukraine is working to guarantee food security.
Abundant harvest in Zhytomyr region without export opportunities
Zhytomyr region's farmers have grown a good harvest during Russia's war and hope to sell it, including for export.
Government allocates UAH 271M for people who lost harvest due to terrorist attack at Kakhovka HPP
The government is allocating UAH 271 million to Kherson and Mykolaiv regions to pay compensation to people who lost their crops due to the Russian terrorist attack at the Kakhovka hydroelectric power plant.
Russia's reserve funds for war exceed $150B - intel
The Kremlin is covering the fall in budget revenues from reserve funds, which were actively filled with foreign currency and gold before the full-scale invasion of Ukraine. Their volume is estimated at over $150 billion.
Over 200 houses restored in Kherson region as part of 'Plich-o-plich' initiative
More than 200 private houses have been restored in the Kherson region as part of the 'Plich-o-plich' initiative, and the same amount will be completed in the near future.
Russia will have funding to wage its war - expert
Judging by the examples of North Korea and Iran, Russia, unfortunately, will have the funding to continue its war.
13 apartment buildings being rebuilt in Kyiv region at United24's expense
Reconstruction of 13 apartment buildings damaged by Russian aggression is already underway in the Kyiv region, and work will begin on five more sites in the near future.
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.
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.