Finance ministry sees renewal of medium-term budget planning as key objective for 2024
The renewal of medium-term budget planning is a key objective of the Ukrainian Finance Ministry for 2024.
Economy
Ukrainians acquire about 4.4 thousand new light vehicles in Jan 2024
In January 2024, about 4.4 thousand new light motor vehicles were registered in Ukraine, which is 47% higher compared to the same period last year.
01 February 2024
Ukraine could get up to EUR 15B annually off frozen Russian assets - Tusk
If the EU adopts a corresponding decision, Ukraine will be able to receive up to EUR 15 billion of interest accrued from the frozen Russian assets annually.
Vice PM outlines priority tasks for Ukrainian drone manufacturers
Deputy Prime Minister for Innovation, Development of Education, Science and Technology - Minister for Digital Transformation Mykhailo Fedorov named the priority tasks the Defense Forces set before manufacturers of unmanned aerial systems.
FTA between Ukraine, Türkiye may become functional in coming months
During a meeting of Ukraine and Türkiye delegations led by the Deputy Prime Minister for the Reconstruction of Ukraine Oleksandr Kubrakov and Minister of Trade of Türkiye Omer Bolat in Istanbul on January 31, a roadmap was laid down for the Free Trade Agreement to enter into force, which may take place in the coming months.
Ukraine’s agricultural exports mainly go to Romania, China, Türkiye in 2023
In 2023, Romania, China and Türkiye were the major importers of Ukrainian agricultural products.
Ukrnafta increases non-fuel sales at its filling stations
In 2023, the number of receipts for the purchase of non-fuel products at Ukrnafta's filling stations amounted to 4.6 million, up 53% compared to 2022.
31 January 2024
Ukraine’s budget receives UAH 32M in seized assets of sanctioned individuals
For the first time, Ukraine’s state budget has received more than UAH 32 million in seized assets of individuals affected by sanctions.
Industrial visa-free regime with EU: benefits and challenges for Ukraine
Ukraine expects to conclude an agreement on mutual recognition of product conformity certificates with Europe this year
‘Economic visa-free regime’ for another year: Ukraine hopes for approval by Council of the EU
The European Commission has proposed to renew the suspension of import duties and quotas on Ukrainian exports to the EU until June 2025, and Kyiv hopes that this decision will be approved by the Council of the European Union.
European Commission proposes to prolong trade liberalization for Ukraine, Moldova
The European Commission proposed on Wednesday that the Autonomous Trade Measures in relation to the goods produced in Ukraine and Moldova be extended for another year, which implies continued liberalization of trade between the European Union and both countries.
Finance Ministry briefs international partners on use of U.S. aid funds
Ukraine’s Ministry of Finance is actively cooperating with the World Bank and USAID to ensure that financial assistance provided by the U.S. government is used for its intended purpose.
Farmers to have their verification revoked in case of export rule violations in certain EU countries
Ukrainian agricultural producers will have their verification revoked for a period of six months in case of breaking the rules of exporting products to certain EU countries.
30 January 2024
PACE committee approves draft resolution on confiscation of frozen Russian assets
The Committee on Political Affairs of the Parliamentary Assembly of the Council of Europe (PACE) has adopted a draft resolution on the confiscation of frozen Russian assets and their use in support of Ukraine's recovery.
Almost no trucks waiting to cross border with Ukraine today – Demchenko
For the first time since the border blockade started, almost no trucks have been spotted waiting in line at the border between Ukraine and neighboring countries.
Ukrainian envoy, Polish minister discuss ban on Russian food exports to EU market
Russia continues to export food products to the EU market, and everything must be done to prevent the aggressor state from making money, namely on the agricultural products stolen from the temporarily occupied territories.
French investment company to acquire assets of Turkcell Ukraine for USD 500M
On Monday, French billionaire Xavier Niel announced that his investment company, NJJ Capital, agreed to pay $500 million for Turkcell Iletisim Hizmetleri AS’s Ukraine units.
More than 660 MW of green energy facilities built in Ukraine in past two years
In 2022-2023, more than 660 megawatts of power plants running on renewable energy resources were built in Ukraine.
29 January 2024
EU Council extends economic sanctions against Russia for another six months
The Council of the European Union today extended economic sanctions against Russia for another six months in view of Russia’s war of aggression against Ukraine.
Zelensky publishes asset declarations for past two years
The income of Ukrainian President Volodymyr Zelensky and his family decreased from almost UAH 11 million in 2021 to UAH 3.7 million in 2022.
28 January 2024
India shifting away from Russian weapons - media
India has sought to distance itself from Russia as its biggest arms supplier after the war in Ukraine undermined Russia's ability to supply ammunition and spare parts.
GRU operative’s family in Brussels helping Russia dodge sanctions - media
Brussels-based Russian national Viktor Labin, affiliated with the Russian defense ministry and intelligence, provides the Russian defense industry with coordinate-measuring machines that are critical in certain arms production, successfully avoiding European sanctions.
Avon keeps doing business in Russia despite war in Ukraine
Beauty giant Avon, which specializes in cosmetics sales and operates in over 140 countries, has come under fire for maintaining links with Russia despite the Kremlin’s ongoing war in Ukraine.
Russian defense industry getting machinery from Taiwan, evading sanctions - media
The Russian Federation has been reportedly receiving modern tools for its military industrial complex from Taiwan, despite the sanctions imposed by Taipei.
Angola closes Russia's way to diamond business - media
The Angolan authorities want to remove the Russian company 'Alrosa' from the joint diamond mining business. Due to the sanctions imposed on Russia, suppliers and banks refuse to work with the Russian company.
NBU sells $421M on interbank market on Jan 22-26
The National Bank of Ukraine (NBU) sold $421.3 million on the interbank foreign exchange market last week.
27 January 2024
Baltic customs authorities agree on coordinated application of sanctions against Russia and Belarus
The heads of the customs services of Lithuania, Latvia, and Estonia have agreed on unified control during the implementation of the European Union's sanctions against Russia and Belarus.
Russian assets must be seized – Zelensky
All Russian assets and assets of individuals affiliated with Russia must work to protect against Russian aggression, and a new EU sanctions package against Russia is needed.
NBU sells $421 million on interbank market over week
The National Bank of Ukraine sold USD 421.3 million on the interbank foreign exchange market last week.