Ukraine given green light to join Council of Europe Development Bank
The Council of Europe Development Bank (CEB) gave Ukraine the green light to join and allocated funds to support Ukrainian refugees in Europe.
Economy
Canada announces new economic sanctions against Russia
Minister of Foreign Affairs Melanie Joly has announced that Canada intends to impose further sanctions in relation to Russia’s illegal and unjustifiable invasion of Ukraine.
09 July 2022
Ukraine to get $1.7B grant from partners for medical services – Shmyhal
Ukraine will receive $1.7 billion in grant funds from American partners to pay for medical services under the program of medical guarantees.
Ukraine’s parliament increases budget expenditures by almost UAH 81B
The Verkhovna Rada of Ukraine passed a law to increase the expenditure part of the 2022 state budget by UAH 80.9 billion.
08 July 2022
Fitch downgrades Belarus's long-term foreign-currency IDR to “C”
London-based Fitch Ratings has downgraded Belarus's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to 'C' from 'CCC', which points to the imminent default expectations.
Russia’s war could starve 323 mln people
Russia’s unjustified and unprovoked aggression toward Ukraine has caused a global food crisis, which made over 323 million people worldwide face the threat of actual food shortage, while 1.2 billion have become exposed to hardships due to a combination of high prices of food and energy amid declining incomes.
Ukraine calls on Canada not to return Russian gas turbine after repair
Ukraine has asked Canada not to return a turbine to Russia's Gazprom that is set to be used in gas transmission to Germany, as this would be in violation of sanctions earlier imposed on Russia.
Romanian PM says country could ensure gas supplies to Ukraine
Romanian Prime Minister Nicolae Ciucă said that after the launch of the interconnector from Greece to Bulgaria, his country will be able to ensure gas supplies to Ukraine and Moldova.
EU bureaucracy seen blocking 1.5 billion-euro loan to Ukraine - Bloomberg
The executive arm of the European Union is blocking a 1.5 billion-euro loan for Ukraine as caution prevails over the country’s urgent needs.
07 July 2022
Ukraine to receive another $20 bln in aid from partners this year – PM Shmyhal
Ukraine will receive another $20 billion in aid and support from international partners this year.
Zelensky calls on largest independent oil trader to stop supplies from Russia
Ukrainian President Volodymyr Zelensky has called on the world's largest independent oil trader, the Dutch company Vitol, to stop shipping Russian oil.
Consumer inflation in Ukraine exceeds 20% - central bank
Consumer inflation in Ukraine in June 2022 reached 20.1% in annual terms, up from 18% in May.
European Parliament endorses EUR 1B in macro-financial assistance to Ukraine
The European Parliament has voted for the European Commission’s proposal to provide EUR 1 billion in the EU macro-financial assistance to Ukraine in order to meet the urgent budgetary needs.
Ukraine’s foreign exchange reserves cut to $22.8B as of July 1
As of July 1, 2022, Ukraine’s foreign exchange reserves came to $22.8 billion, having reduced by 9% over the past month.
06 July 2022
Ukraine’s Fast Recovery Plan presented to Congress of Local and Regional Authorities
Deputy Head of the Office of the President of Ukraine Kyrylo Tymoshenko has presented Ukraine’s Fast Recovery Plan to the Congress of Local and Regional Authorities of the Council of Europe.
Ukrainian FM doubts grain exports will be unblocked soon
Negotiations on the opening of grain corridors are ongoing, and there are several most important steps that are not easy to reach an agreement on, including those on security guarantees for Ukraine.
Shmyhal: Agreement reached in Lugano on almost $1.9B in support for Ukraine
Ukrainian Prime Minister Denys Shmyhal has said that at the Ukraine Recovery Conference in Lugano, an agreement was reached on almost $1.9 billion in support for Ukraine.
Ukraine, Mozambique leaders talk global food security
President Volodymyr Zelensky of Ukraine has discussed with the President of the Republic of Mozambique, Filipe Nyusi, the issue of global food security
Russia’s largest secondary lead producer suspends operations
The largest producer of secondary lead in Russia, Fregat, has been forced to suspend its work, while several other plants in the industry are preparing to halt operations or undergo repairs.
Guterres: “Long road” toward rebuilding Ukraine must start now
UN Secretary General Antonio Guterres believes the process of rebuilding Ukraine must start today, although it will take considerable time.
Blinken wants G20 to press Russia to reopen sea routes for grain delivery
U.S. Secretary of State Antony Blinken is set to appeal to G20 to put pressure on Russia to make its government support the UN initiative on unblocking the sea lanes for Ukraine and once again warn China against backing Russia’s military campaign in Ukraine.
05 July 2022
PM Shmyhal discusses a range of projects with EBRD president
Prime Minister of Ukraine Denys Shmyhal met with President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso on the sidelines of the Ukraine Recovery Conference in Lugano.
Ukraine set to achieve 65% emissions reduction until 2032 – recovery plan
According to the presented recovery plan, Ukraine is set to reduce carbon dioxide emissions by 65% by 2032 (compared to 1990).
Shmyhal submits Ukraine's application for accession to OECD
In Lugano, Prime Minister Denys Shmyhal handed over Ukraine's application for accession to the Organization for Economic Co-operation and Development to OECD Secretary-General Mathias Cormann.
Government suggests creating Ukraine recovery offices in Kyiv, Washington, Brussels, London
The Government of Ukraine suggests creating several Ukraine recovery offices: in Washington, Brussels, London and other cities, with the head office in Kyiv.
PM Shmyhal: Coalition for Ukraine’s recovery will include partner countries and private business
The coalition for Ukraine’s recovery will necessarily include partner countries, Ukrainian and international private businesses.
UAH 33B worth of assets of Russian and Belarusian individuals seized in Ukraine
The assets of Russian and Belarusian individuals worth UAH 33 billion have been seized in Ukraine as part of criminal proceedings.
Australia removes tariffs on imports from Ukraine for a year
The Australian Government has endorsed a decision to remove tariffs on imports to Australia from Ukraine for a period of 12 months.
04 July 2022
OECD sets up coordination office for Ukraine recovery
In order to strengthen and expand the policy of the Organization for Economic Co-operation and Development (OECD) to support Ukraine, a coordination office was set up in Paris and will be moved to Kyiv in the future.