War risk insurance: Unity program extended to non-military cargoes
From now on, the Unity insurance program will cover not only sea transportation of grain and other important food products, but also ships carrying any non-military cargoes.
Economy
01 March 2024
Polish farmers put Shehyni border checkpoint on Ukraine border on full shutdown for cargoes
Polish farmers involved in the ongoing protest rally have put to a halt all cargo traffic at the Shehyni checkpoint on the Ukrainian border.
Russian assets no substitute for U.S. aid to Ukraine – U.S. Treasury
U.S. Treasury Secretary Janet Yellen has said that any plan to confiscate frozen Russian assets to aid Ukraine cannot be seen as a substitute for urgently needed aid to the country.
Japan imposes new sanctions on 12 individuals, 36 entities linked to Russia
Japan has endorsed the introduction of new sanctions against 12 individuals and 36 entities connected with Russia in relation to Russian armed aggression against Ukraine.
Zara preparing to reopen stores in Ukraine - Reuters
Spanish retail giant Zara is preparing to reopen the stores in Ukraine that it shut soon after Russia's full-scale invasion of the country.
G20 finance chiefs fail to reach joint statement amid disagreements over war in Ukraine
A meeting of finance ministers and central bank chiefs from the Group of Twenty (G20) countries in Brazil ended without a joint statement due to disagreements over Russia's war in Ukraine and the Hamas-Israel conflict.
Environmental protection ministry expects to spend EUR 4B on waste treatment projects
The Ukrainian Environmental Protection and Natural Resources Ministry has selected more than 200 promising waste treatment projects across Ukraine. The estimated cost of such projects is about EUR 4 billion.
29 February 2024
Tusk does not rule out an embargo on agricultural products from Russia
Poland will study Latvia's experience in imposing an embargo on imports of agricultural products from Russia and may soon take similar steps.
Border blockade, confiscation of Russian assets: Stefanchuk meets with Marshal of Polish Senate
Chairman of the Verkhovna Rada of Ukraine Ruslan Stefanchuk and Marshal of the Senate of the Republic of Poland Małgorzata Kidawa-Błonska discussed the export of Ukrainian agricultural products and the blocking of checkpoints by Polish farmers.
About 2,200 trucks are queuing at border with Poland
About 2,200 trucks are waiting in line at six checkpoints on the border with Poland.
EU Council approves EUR 50B Ukraine Facility - Finance Ministry
On February 28, the Council of the European Union approved the launch of the EUR 50 billion Ukraine Facility for 2024-2027.
British experts expose over 200 firms Russia uses to evade sanctions
Hundreds of Western and Russian companies are involved in the Kremlin's illegal schemes to dodge sanctions and ensure the covert supply to Russia of electronic components required for the production of weapons.
Japan sending equipment to Ukraine to operate reclamation systems
As part of grant assistance, with the support of the Ukrainian Agrarian Policy and Food Ministry, the Japan International Cooperation Agency (JICA) has started the supply of modern equipment required for the operation of reclamation systems.
28 February 2024
Russia engages intelligence operatives to create sanctions evasion networks - RUSI
Russia is expanding its procurement networks to evade sanctions imposed on the imports of electronics and other products in order to manufacture weapons and fuel the war in Ukraine, to this end actively using intelligence officers stationed abroad, as well as bribing foreign nationals.
Poland ready to shut border for Ukrainian agriproducts as temporary measure - Tusk
The cap on the import of agricultural products from Ukraine to Poland, proposed by Brussels and Kyiv, are "unacceptable" for Warsaw so Poland is eyeing the possibility of temporarily closing the border for Ukrainian products.
Ukraine receives $760M grant from Japan and Norway
Ukraine received a $760 million grant from Japan and Norway through the World Bank's PEACE project. The funds will be used to compensate for state budget expenditures that are not related to the security and defense sector.
Economy ministry: Government to endorse Ukraine Facility Plan this March
In March 2024, the Cabinet of Ministers of Ukraine is planning to endorse the Ukraine Facility Plan, and then it will be submitted for the approval of the European Commission.
Economy ministry, OECD begin to analyze investment incentives
The Ukrainian Economy Ministry and the Organisation for Economic Co-operation and Development (OECD) have started joint efforts to analyze investment incentives and harmonize the investment-related regulatory environment.
ENTSO-E increases Ukraine’s maximum electricity export capacity
The European Network of Transmission System Operators for Electricity (ENTSO-E) has increased the maximum capacity limit on Ukraine’s electricity exports to 550 megawatts.
27 February 2024
Big retailers did not come to tenders for AFU - Zhumadilov gave reason
Large retail chains did not participate in the first tenders of the State Logistics Operator, as they do not understand the model of procurement from the product catalog.
Ukraine's PM: 17,000 sanctions in place, costing Russia $400B to date
More than 17,000 individual and sectoral sanctions have already been enforced against the Russian Federation, thanks to which the enemy is believed to have lost at least $400 billion.
European Parliament approves creation of EUR 50B Ukraine Facility in EU budget
At a plenary meeting in Strasbourg, the European Parliament has approved the creation of the Ukraine Facility worth EUR 50 billion in the EU budget for 2024-2027, as delivered by the Members of the European Parliament, Michael Gahler and Eider Gardiazabal Rubial, and the proposals of the Council of the EU in this regard.
Naftogaz Group’s enterprises receive up to 90% of goods, services from Ukrainian companies
The share of Ukrainian companies among those winning Naftogaz Group’s tenders for the supply of goods and services is ranging from 70 to 90%.
Government approves ‘Made in Ukraine’ trademark – PM Shmyhal
The Government of Ukraine will encourage Ukrainians to purchase domestically produced goods, which is likely to increase the GDP rate by 0.14%.
Ukraine may receive about $9B in financial assistance from partners this March
As soon as this March, Ukraine may receive about USD 9 billion in aid from international partners, allowing the state to finance expenditures in a more stable manner.
26 February 2024
Ukraine and Bulgaria seek to implement vertical gas corridor project as soon as possible
Ukraine and Bulgaria are seeking to implement the vertical gas corridor project as soon as possible, which is a strategic route for the supply of additional volumes of liquefied natural gas.
Central bank looks into scenarios for Ukraine’s development along European integration progress
The very prospect of Ukraine's membership in the EU and the fulfillment of the relevant conditions will stimulate the country's economic growth even before its formal accession, and the integration process will stimulate foreign trade and attract investments, which will strengthen the country's institutional capacity.
Over 95% of drones out of million targeted for 2024 to be manufactured in Ukraine - Vice PM
Thanks to industrial deregulation, a drone market has emerged in Ukraine, where hundreds of private companies have entered. It is private businesses that will produce more than 95% of the planned one million drones this year.
President calls for concluding ‘moral agreement’ between state, businesses
Ukrainian businesses and the state should conclude a modern ‘moral agreement’, where the state will provide support for businesses, and businesses will operate with no shady deals and stay away from the Russian market.