Economy
War in Ukraine
EU to Impose Sanctions on Key Russian Oil Carrier
The European Union proposes sanctions against the Russian oil transportation company Sovcomflot, Bloomberg reports.
June 12, 2024
Europe
The World Bank Forecasts 3.2% GDP Growth for Ukraine in 2024
Ukraine’s GDP will rise if hostilities “continue throughout 2024 and subsequently moderate,” while Russia’s growth is projected to fall.
June 12, 2024
Zelensky
Ukraine Racing to Build Energy Capacity Before Winter
Gas-fired peaking generation capacity are the key to restoring energy infrastructure, said Zelensky, who is seeking funds and equipment from shuttered European power plants.
June 11, 2024
Economy
Japan and Ukraine Increase Recovery Cooperation
A round table dedicated to Ukraine-Japan cooperation at the Ukraine Recovery Conference resulted in signing of 23 memorandums of cooperation – part of a €188 million UN financial aid package.
June 11, 2024
Business
Ukrnafta, Ukrenergo and Ukrhydroenergo to Receive €300 Million From EBRD Energy Package
Ukraine’s largest state-owned energy companies received substantial financial aid from EBRD to build decentralized energy system after Russian missiles destroyed power-generating capacities.
June 6, 2024
IMF
Reforms and External Financing Key to Ukraine’s New Growth Strategy
The White paper sets out three priorities for Ukraine to progress simultaneously, along with key challenges facing the nation amidst a protracted war with Russia.
June 6, 2024
Economy
Japan Considers Opening to Ukrainian Poultry and Other Farm Products
Tokyo is looking for ways to expand its help to Kyiv. Trade agreements are obviously a mutually beneficial path, and Ukraine’s agricultural offerings are the most enticing.
June 5, 2024
Business
MHP Net Profits Fell by Two Thirds and a Warehouse was Destroyed
The agro-industrial group reported $16 million profit in the first quarter of 2024 was a third of that in 2023 made worse by the $8 million loss resulting from Russia’s strikes in the Odesa region.
June 5, 2024
Business
Ukraine’s PrivatBank Launches Corporate Business Loans – Alarms Banking Sector
Ukraine’s largest bank is to offer corporate business loans building on its experience with SMEs and individuals, stretching the nerves of the banking sector which faces tougher competition.
June 4, 2024
ICU Weekly Insight: Staff Level Agreement Reached With IMF
The Ministry of Finance maintains steady pace of bond placement.
June 3, 2024
Ukraine
Sustaining Energy Efficiency in Wartime: Zhytomyr Lighting the Way (Video)
Despite the destruction and huge costs wrought by Russia’s war against Ukraine, as the example of Zhytomyr shows, the country’s cities and communities are managing to adapt, rebuild and modernize.
June 2, 2024
Ukraine
Ukraine Gets Draft Approval for $2.2 Billion IMF Payout
Part of a much-needed $122 billion international support package designed to help Ukraine’s war-torn economy has passed another hurdle in the approval process.
June 1, 2024
Economy
ICU Weekly Insight: Ministry Uncompromising Despite Increase in Demand
Ministry uncompromising despite increase in demand.
May 30, 2024
G7
Loans from Frozen Russian Assets Will Not Burden Ukraine - US Representative
The G-7 will soon discuss how Ukraine can benefit from Russia’s central bank’s frozen funds, as Moscow’s economy moves to a war footing and increases military spending by 70 percent.
May 30, 2024
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