Fitch upgrades Ukraine's rating to CCC
Fitch Ratings lifted Ukraine's score from selective default after the nation announced creditors agreed to an exchange of its growth-linked debt into conventional bonds.
Economy
23 December 2025
PM Svyrydenko reports to Zelensky on energy sector restoration
President of Ukraine Volodymyr Zelensky received a briefing from Prime Minister Yuliia Svyrydenko on the situation in the country’s energy sector.
Restoration work underway on energy facilities in Rivne, Ternopil, and Odesa regions
Restoration work continues in the Rivne, Ternopil, and Odesa regions following another massive Russian attack on Ukraine’s energy infrastructure overnight on December 23.
Russia strikes Ukrnafta facilities overnight, causing damage
During a nighttime attack on December 23, Russian forces struck production facilities of JSC Ukrnafta.
MoD launches Motor Sich relocation project to restore weapons production capacity
On December 23, following a proposal from the Ministry of Defense (MoD), the government adopted a package of decisions to strengthen Ukraine's defense industry, including new conditions for the relocation and rapid restoration of the production capacities of Ukrainian arms manufacturers.
Five wind farms to be built in Vinnytsia region over next two years – regional administration
Five wind farms with a total capacity of 544 megawatts are to be built in the Vinnytsia region over the next two years.
Russian attack damages DTEK's thermal power plants
Russia has carried out its seventh attack on Ukraine's thermal power plants since early October, damaging the stations' equipment.
Ship carrying Ukrainian soy damaged in Odesa port after overnight Russian attack
A Lebanon-flagged vessel carrying Ukrainian soy was damaged as a result of the December 23 attack on Odesa's port infrastructure.
Ukraine's nuclear power plants cut output due to massive attack – Energy Ministry
Due to a massive Russian attack on December 23, Ukraine's nuclear power plants were forced to reduce electricity generation.
Association of Distributed and Maneuverable Generation Entities established in Ukraine
The establishment of a new public association – the Association of Distributed and Maneuverable Generation Entities (ADMGE) – was announced on Energy Workers' Day. Its goal is to restore power supply to communities, enhance energy security, and strengthen Ukraine's energy resilience.
Sweden releases sanctioned Russian ship after customs inspection
Swedish customs released the Russian ship Adler, which was under sanctions and inspected by customs officials over the weekend.
22 December 2025
Zelensky announces new sanctions against Russia
Ukrainian President Volodymyr Zelensky has said that by the end of the year Ukraine will adopt several more sanctions decisions against Russian entities as well as individuals who facilitate Russia's aggression. The sanctions lists will include not only Russian citizens but also nationals of other countries, including China.
EU provides Ukraine with EUR 28.7B in support so far this year – Svyrydenko
Since the beginning of 2025, the European Union has provided Ukraine with EUR 28.7 billion in financial support, bringing total EU assistance since the start of Russia's full-scale invasion to EUR 70.7 billion.
Ukraine receives EUR 2.3B under Ukraine Facility – Ministry of Finance
Ukraine has received the sixth tranche of EUR 2.3 billion from the European Union under the Ukraine Facility financial instrument.
EU extends economic sanctions against Russia for another six months
On Monday, December 22, the Council of the EU extended the economic restrictive measures against Russia over its war against Ukraine for a further six months, until July 31, 2026.
China sets record for gold imports from Russia in November – media
In November 2025, China purchased gold from Russia worth a record $961 million, marking the largest deal in the history of bilateral trade in the precious metal.
21 December 2025
Hourly power outage schedules to be implemented in most regions of Ukraine on Monday
In most regions of Ukraine on Monday, December 22, hourly electricity outage schedules will be in effect for residential consumers, while industrial users will face power consumption restrictions.
Ukrainian Council of Arms Manufacturers names Germany and Denmark as “main pillars” of cooperation
Foreign defense companies, for which the experience of potential partners is very important, are very cautious about starting cooperation with Ukrainian arms manufacturers, but steps towards each other are yielding good results.
Ukraine’s trade with Germany could reach record EUR 12B in 2025, expert says
During the war years, trade between Ukraine and Germany has grown rapidly, but after the war ends, the balance will need to be adjusted by increasing Ukrainian exports.
MoE: Power system remains under control despite intense enemy attacks
Ukraine's energy system continues to operate under intense enemy attacks, but remains intact and under control.
Invaders transport looted Ukrainian grain to Rostov-on-Don
The invaders are transporting grain stolen in the Zaporizhzhia region to Rostov-on-Don via Mariupol.
20 December 2025
Portugal to join financing of Energy Fund for Ukraine - Svyrydenko
Portuguese Prime Minister Luís Montenegro announced the first contribution to the Energy Support Fund for Ukraine. The amount is EUR 600,000.
Sugar industry in Vinnytsia region faces raw material shortages – RMA
The situation in the sugar industry of Vinnytsia region remains difficult, with only two sugar plants currently operating due to a shortage of raw materials.
19 December 2025
Ukraine receives $125M from World Bank to support education and healthcare
The State Budget of Ukraine has received more than USD 125 million in concessional financing for World Bank projects to support the education and health sectors.
Russian attacks leave consumers without power in five regions, Ukrenergo repots
As of the morning of December 19, consumers in five regions of Ukraine were left without electricity as a result of Russian attacks.
Zelensky on European Council decision: Ukraine has received financial security guarantee for coming years
It is important that Russian assets remain immobilized and that Ukraine has received a financial security guarantee for the coming years.
Moldova joins US sanctions against Rosneft, Lukoil
Moldova has joined U.S. sanctions targeting Rosneft and Lukoil.
Small vegetable storage facilities will not solve Ukraine’s harvest preservation problem – MP
Member of Parliament and member of the Parliamentary Committee on Agrarian and Land Policy Dmytro Solomchuk told Ukrinform that the issue of crop storage cannot be resolved by building small vegetable storage facilities.
18 December 2025
Public debt restructuring: Ukraine exchanges GDP-linked bonds
Ukraine has carried out an exchange of GDP warrants issued in 2015, with a total value of USD 2.6 billion, for conventional debt securities due 2030, 2032, and 2034.