Ukrainian, Chadian foreign ministers agree to jointly counter food crisis
Foreign Ministers Dmytro Kuleba of Ukraine and Cherif Mahamat Zene of Chad have agreed to work to counter the food crisis caused by Russia's blockade of Ukrainian seaports.
Economy
NBU lifting cap off cash forex rate for banks
As of May 21, the National Bank will lift restrictions on setting the exchange rate at which banks can sell cash foreign currency to clients.
War to shrink Ukraine’s economy at least by a third - National Bank
The National Bank of Ukraine estimates the war-related economic contraction by at least a third compared to pre-war levels.
Ukraine received $5.6B from international partners since Russian invasion started – NBU
Ukraine has received $5.6 billion from international partners since the Russian invasion started.
G7 countries mobilized $19.8B in economic support to Ukraine
The G7 Finance Ministers and Central Bank Governors, as well as the representatives of the International Monetary Fund (IMF), World Bank Group, Organisation for Economic Cooperation and Development (OECD), and Financial Stability Board (FSB) have announced the mobilization of $19.8 billion in economic support to Ukraine.
Shmyhal thanks EU for EUR 600M tranche
Ukrainian Prime Minister Denys Shmyhal has thanked the European Union for a EUR 600 million tranche.
EU transfers EUR 600M to Ukraine – von der Leyen
The European Union has disbursed a new tranche of EUR 600 million to Ukraine and is working on a procedure to provide an additional EUR 9 billion loan by the end of this year.
Zurich Insurance leaving Russian market
A Swiss-based Zurich Insurance Group Ltd. (Zurich), one of the world’s leaders in insurance, is set to leave the Russian market, selling its business to 11 members of its local team.
Japan to donate $2.1M to strengthen safety of Ukrainian NPPs
Japan announced Thursday that it will donate EUR 2 million ($2.1 million) to the International Atomic Energy Agency for its efforts to ensure the safety of Ukrainian nuclear facilities that have come under Russian attack.
EU seeking ways to use Russian frozen assets to rebuild Ukraine
The European Union is looking into ways of using the frozen assets of Russian oligarchs to fund the reconstruction of Ukraine after the war.
19 May 2022
Shmyhal calls on G7 to provide Ukraine with urgent funding
Ukrainian Prime Minister Denys Shmyhal has said that Ukraine needs at least $15 billion over the next three months to cover its operational budget needs, and has called on the Group of Seven countries to provide urgent funding to the country.
Japan to extend another $300M loan to Ukraine
The Japanese government has decided to grant Ukraine an additional $300 million loan to support the country, which continues to resist Russia's invasion.
Balance of payments situation worsens in April - NBU
In Ukraine, the balance of payments situation deteriorated somewhat in April.
Poland to provide 25,000t of petrol to Ukraine
Poland will supply 25,000 tonnes of petrol to Ukraine to help the nation overcome shortages.
Ukraine comments on Russia’s offer to buy power from occupied Zaporizhia NPP
Ukraine’s energy operator Ukrenergo has issued a statement in response to a Russian claim that the Zaporizhia Nuclear Power Plant, occupied by the invasion forces, will now work for Russia, while Ukraine could consider buying electricity from the facility.
World Bank to provide over $30B for global food crisis response
The World Bank has announced plans to allocate more than $30 billion on projects to respond to challenges that arose in the field of global food security as Russia unleashed a full-scale invasion of Ukraine.
18 May 2022
G7 preparing new economic aid package worth $15B for Ukraine – WP
The financial leaders of the G7 nations are preparing a major new economic aid package to help the Ukrainian government offset losses from Russia’s invasion.
Zelensky discusses possible fuel supplies to Ukraine with UAE’s new president
President Volodymyr Zelensky discussed the possibility of supplying fuel to Ukraine with President of the United Arab Emirates Mohamed bin Zayed Al Nahyan.
PM Shmyhal calls on G7 ministers to take lead in rebuilding Ukraine
Ukraine calls on all international partners to take the lead in rebuilding regions, communities, or cities.
Russia classifies data on oil exports by sea
Russia's oil monopoly Transneft has restricted access to monthly crude export loading schedules from Russian ports.
Gazprom limits gas supplies to EU, not even using paid capacity through Sudzha
Russia’s gas transmission system operator PJSC Gazprom does not use the already paid capacity at the Sudzha interconnection point, artificially restricting gas supplies to Europe.
17 May 2022
Cabinet of Ministers suspends state regulation of fuel prices
The Cabinet of Ministers has agreed with market operators to suspend the state regulation of prices for fuel in order to resolve as soon as possible the situation with its shortage, caused by Russia's war against Ukraine.
Ukraine to get EUR 150M as soft loan from Germany - PM
Ukraine's Cabinet of Ministers at a meeting on May 17 approved a resolution to attract a soft loan of up to EUR 150 million from the Credit Institute for Reconstruction (KfW), a German state-owned investment and development bank.
PM Shmyhal: EU opens ‘solidarity lanes’ for fuel supplies to Ukraine
Every effort must be made to ensure that people have fuel and that there is no abuse in the market.
Court seizes 434 railcars of Russian companies
A Ukrainian court has seized 434 railcars of Russian companies worth over UAH 300 million.
Kuleba calls on foreign consumers to buy Ukrainian grain through European logistics system
Ukraine and its partners are working to overcome the global food crisis caused by Russia's aggression and blockade, Ukrainian Foreign Minister Dmytro Kuleba has said.
Zelensky: Embargo on Russian oil would benefit Europe
President Volodymyr Zelensky of Ukraine says introducing an embargo on Russian oil is in the interests of both Ukraine and the whole of Europe.
Canada ready to help Ukrainian grain exports by offering its ships
Canada is preparing to send its cargo vessels to Eastern Europe to help Ukraine export its grain.
Ukraine official points to connection between defense aid and global food prices
The sooner Ukraine receives weapons to liberate its territories, the lower the food prices will be across the world.