Ukraine’s court freezes Russian oligarch Fridman’s assets in Alfa-Bank worth 12.4 B
A court in Ukraine froze the assets of Russian oligarch Mikhail Fridman in Alfa-Bank worth UAH 12.4 billion.
Economy
Zelensky discusses Ukraine's financial needs with IMF Managing Director
President Volodymyr Zelensky discussed the financial support for the Ukrainian economy with IMF Managing Director Kristalina Georgieva.
McDonald's decides to fully withdraw from Russia, sell business there - Yermak
The head of the President's Office Andriy Yermak stated that McDonald's has decided to leave Russia completely and is selling its business in the country.
Ukrainian agricultural products to get to EU faster as Poland eases inspections
Kyiv and Warsaw have agreed to speed up inspections at the Ukrainian-Polish border and simplify exports of Ukrainian agricultural products to the EU and third countries.
Ukraine, Japan sign loan deal worth $100M
The Ministry of Finance of Ukraine signed a Loan Agreement with Japan International Cooperation Agency for US$100 million.
Ukraine, U.S. talk partnership to increase Ukrainian grain exports
Mykola Solsky, Minister of Agrarian Policy and Food of Ukraine, and Thomas James Vilsack, U.S. Secretary of Agriculture, discussed partnership in increasing Ukrainian grain exports.
Germany plans to stop Russian oil imports regardless of EU sanctions – Yermak
Germany is planning to stop Russian oil imports regardless of EU sanctions.
President Zelensky to address Davos forum on May 23
Ukrainian President Volodymyr Zelensky will address the participants of the World Economic Forum in Davos on May 23.
15 May 2022
Kuleba, Blinken to find ways to circumvent blockade of Ukrainian seaports
Ukrainian Foreign Minister Dmytro Kuleba and U.S. Secretary of State Antony Blinken have agreed to work closely to ensure that Ukrainian food exports reach consumers in Africa and Asia.
Ukraine’s war losses can be compensated by seized Russian assets - Parliament Speaker
No consent of the Russian Federation is required to make them pay reparations to Ukraine. It is possible to reimburse Ukrainian losses after the war at the expense of seized Russian assets.
Support for Ukraine means working to prevent global famine – Zelensky
The sooner Ukrainian lands are liberated from Russian invaders, the sooner the food security can be restored.
14 May 2022
Ukraine doing all to resume food exports to Africa - Kuleba
Ukrainian Foreign Minister Dmytro Kuleba assured his Liberian counterpart Dee-Maxwell Saah Kemayah that Ukraine is doing everything possible to resume food exports to African markets.
Russian troops damage 23,000 km of roads, over 40 railway bridges in Ukraine
Russian troops have already destroyed 6,300 km of main rails in Ukraine, as well as damaged 23,573 km of roads, 289 road and 41 railway bridges.
Ukraine invites G7 to create organization of grain exporters
At the G7 Agriculture Ministers' Meeting, Ukraine suggested creating an influential organization of the world's major grain suppliers that would respond to current challenges and threats to food security, including those posed by the Russian Federation.
Solsky at G7 Meeting: Russia's blockade of Ukrainian ports will lead to global food crisis
Russia's blockade of Ukrainian seaports has already led to a record rise in world market prices and will inevitably result in a global food crisis and rising inflation.
U.S. Treasury tells foreign banks helping Russia evade sanctions unacceptable
The U.S. administration has warned foreign banks against assisting Russia in circumventing western sanctions.
13 May 2022
Kuleba thanks Borrell for his proposal to provide additional support to Ukraine
Ukrainian Foreign Minister Dmytro Kuleba has met with EU High Representative Josep Borrell.
Ukraine, Moldova to renew FTA agreement
Ukraine and the Republic of Moldova will renew a Free Trade Area (FTA) agreement despite the war.
Minister Marchenko: It will be hard for Ukraine’s economy to sustain a long war
It will be hard for Ukraine’s economy to sustain a long war, and the Ukrainian government greatly relies on financial assistance from abroad.
Ukrainian, Canadian foreign ministers discuss ways to unblock Ukrainian exports
Ukrainian Foreign Minister Dmytro Kuleba and his Canadian counterpart Melanie Joly have discussed ways to unblock Ukrainian food exports.
Ukraine’s MFA slams Russia as its ship moves stolen Ukrainian grain to Syria
A Russian merchant ship loaded with grain stolen in the occupied territories of Ukraine has been spotted in the Syrian port of Latakia.
Ukraine already spends $8.3B on war with Russia – finance minister
Ukraine has been forced to spend UAH 245.1 billion ($8.3 billion) on its war with Russia instead of development.
12 May 2022
Ukraine has stocked up on food - minister
Ukraine has stockpiled the necessary food products, but due to the ongoing war and the inability to export Ukrainian agricultural products, issues may arise in a number of countries.
EC to establish ‘Solidarity Lanes’ to help Ukraine with agricultural exports
The European Commission is planning to provide a wider access to the EU market of road and railway transport services for Ukraine to establish ‘Solidarity Lanes’ required for agricultural exports, which were mostly blocked due to the Russian invasion.
EBRD allocates over €53 M to boost food security in Ukraine
The European Bank for Reconstruction and Development (EBRD) issues risk-sharing instruments to selected local banks and a leasing company to a total value of €53.25 million to boost food security in wartime Ukraine.
Parliament passes law to seize assets of Russia’s Sberbank, VEB.RF
The Verkhovna Rada of Ukraine passed a law approving the decision of the National Security and Defense Council to seize the assets of Sberbank of Russia and VEB.RF in Ukraine.
EU to disburse second €600 M tranche in macro-financial assistance to Ukraine by May 20
The European Union will disburse the second tranche of emergency macro-financial assistance to Ukraine to the tune of 600 million euros by May 20.
Le Drian calls for support to Ukraine’s agricultural sector, nations most affected by war
French Foreign Minister Jean-Yves Le Drian calls for food solidarity to support Ukraine and the countries most affected by the ongoing war. He also notes that the EU seeks to avoid a global food crisis with the help of the FARM initiative.
Government changing structure of fuel imports to Ukraine
Ukraine is changing the routes of fuel supplies, increasing the volume transported by road, rail and river.