Russia to service national debt in roubles
The Russian Treasury says it will pay off its public debt in roubles, in response the U.S. Treasury Department's refusal to renew a license that allowed Russia to pay on its dollar liabilities.
Economy
25 May 2022
Britain says idea of easing Russia sanctions to unblock grain exports from Ukraine off table
Britain's Defense Secretary Ben Wallace on Wednesday rejected the idea of lifting a number of Russia sanctions in return for opening humanitarian corridors for grain exports from Ukrainian seaports.
Denmark’s defense ministry comments on Russian blockade of Ukrainian seaports
The Danish Ministry of Defense has expressed condemnation of Russia's aggression against Ukraine’s maritime shipment industry and support for imposing the most severe sanctions against the Russian Federation.
Russians take grain out of captured Berdiansk via Crimea to Russia
Russian invaders steal the grain from the warehouses in the temporarily captured town of Berdiansk, Zaporizhzhia region, and transport it by trucks to Russia through the Autonomous Republic of Crimea.
Nike leaving Russian market - media
Nike has not extended its franchise agreement with Inventive Retail Group (IRG), which owns the company’s Russia-based largest single-brand chain.
Unblocking Ukrainian ports to be main issue on WTO’s agenda - Ukraine’s Vice PM
Unblocking Ukrainian ports for the sake of global food security will be a major Ukraine-related issue on the agenda of the World Trade Organization.
24 May 2022
EU’s seventh sanctions package against Russia may block all Russian banks – Office of the President
The EU’s seventh sanctions package against Russia may include the blocking of all Russian banks.
Ukraine planning to join EU's roaming space, single euro payments area
Ukraine is planning to join the EU's roaming space and the Single Euro Payments Area (SEPA) in the near future.
Aggressor has already caused Ukraine total losses of $1T - Ustenko
The total value of direct and indirect losses inflicted by the aggressor on Ukraine has already reached about $1 trillion, which is equal to the country's five annual state budgets.
EU suspends all duties on imports from Ukraine for one year
The Council of the European Union adopted a regulation allowing for temporary trade liberalisation and other trade concessions with regard to certain Ukrainian products. This means that for one year import duties on all Ukrainian exports to the European Union will not be due.
European Union to set up special financial platform for reconstruction of Ukraine
The European Union together with Ukraine will create a financial platform of reconstruction that will help Ukraine rebuild critical infrastructure after devastating Russia's aggression and pave the way for a European future through key economic, legal, and social reforms.
Record amount of Russian oil stuck at sea due to sanctions - media
About 62 million barrels of Russia's flagship Urals crude oil, a record amount, are sitting in vessels at sea.
Russians forcing Kherson farmers to sell vegetables to occupied Crimea at dumped prices
In the temporarily occupied parts of Kherson region, farmers are being forced to sell their vegetables to Crimea at prices significantly lower than the market.
FM Kuleba urges countries not to buy Ukrainian grain stolen by Russia
Ukraine’s Foreign Minister Dmytro Kuleba has called on all nations to reject Russia's proposals to buy cereals stolen in Ukraine.
Satellite images show Russian ships loaded with Ukrainian grain in Crimea
The satellite images provided by Maxar Technologies have spotted the Russian ships being loaded with Ukrainian grain at the temporarily occupied Crimean port of Sevastopol.
23 May 2022
“Banking tourism”: Ukraine explains how Russians circumvent sanctions through Belarus
To dodge international sanctions, Russian nationals travel to Belarus, where they are issued Visa and MasterCard bank cards.
EU assistance to Ukraine since war-start reaches EUR 4.5B
Since the start of a full-scale Russian invasion of Ukraine, the European Union has provided a total of EUR 4.5 billion in financial support to Ukraine.
Five Ukroboronprom’s enterprises seized by Russian invaders
Five enterprises, which are part of Ukroboronprom State Concern, have been seized by Russian invaders. Personnel documents were either destroyed or made inaccessible.
President: Corridor for Ukrainian grain and oil exports should be set up
President of Ukraine Volodymyr Zelensky considers unblocking Ukrainian ports a strategic issue as Russia's blockade could lead to grain and oil shortage around the globe.
WEF President roots for Marshall Plan for Ukraine
President of the World Economic Forum Borge Brende has urged the international community to adopt a Marshall Plan for Ukraine.
Zelensky to speak at Davos forum
Ukrainian President Volodymyr Zelensky will address participants in the World Economic Forum’s Annual Meeting 2022.
22 May 2022
Duda: Unblocking Odesa port very important for global food security
President of Poland Andrzej Duda considers that it is very important for global food security to unblock the port in Odesa so that Ukraine will be able to export food to countries that need it.
Moody's downgrades Ukraine's ratings, expects gradual economic recovery from 2023
Moody's has downgraded the Government of Ukraine's foreign and domestic currency long-term issuer ratings and foreign currency senior unsecured debt ratings to Caa3 from Caa2.
Ukraine will remain in grain market under all circumstances - Kachka
Ukraine will remain in the grain market under all circumstances, including through efforts to simplify logistics between Ukraine and the EU.
21 May 2022
Sanctions severe logistical chains in Russia, transport minister acknowledges
Russia’s Transport Minister Vitaly Savelyev says western sanctions have led to serious problems with logistics across Russia.
Hryvnia rate to stabilize in next 10 days - expert
Normalization of the cash exchange rate after the National Bank removed rate caps is expected within 10 days. In the near future, the hryvnia rate will be at UAH 34-36 to the U.S. dollar.
Two alternative routes set up for Ukraine’s agri exports - Kuleba
Together with partners, Ukraine has established two alternative land routes for shipping agricultural products, but Russia has to cease its blockade of the Black Sea to allow “full and free export.”
Ukraine freezes more than UAH 30B in Russia’s and Belarus’ assets
The total value of assets of Russia and Belarus frozen by the Bureau of Economic Security of Ukraine (BESU) exceeds UAH 30 billion.
PM Shmyhal: Ukraine hopes to get another €9B from EU in coming months
In the coming months, Ukraine is to receive another €9 billion in aid from the European Union.