Ukraine loses 6.5 km³ of water due to Kakhovka HPP's explosion
Ukraine has already lost 6.5 cubic kilometers of water due to Russians' blowing up of the Kakhovka hydroelectric dam.
Economy - Latest news
10 June 2023
Taiwan's Acer ships computer hardware to Russia - Reuters
Taiwan-based computer manufacturer Acer supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, after saying it would suspend its business there.
09 June 2023
Canada extends duty-free imports of Ukrainian goods
Canada's Deputy Prime Minister Chrystia Freeland today announced the extension of tariff waivers on goods from Ukraine for another year, until June 9, 2024, in order to support the embattled nation’s economy in the face of Russia’s full-scale invasion.
Ukrainian farmers to block Polish trucks on border in “mirror move”
Ukrainian farmers declare their readiness to block the entry of Polish trucks into the territory of Ukraine from June 10.
Shmyhal: Restoration of Kakhovka HPP and related works will cost about €2B
Restoration of the Kakhovka HPP will cost approximately 1 billion euros, and other related works will cost the same.
Agrarians will not be able to fully use 1-1.5M ha of land due to Kakhovka HPP's explosion - Solskyi
According to Mykola Solskyi, Minister of Agrarian Policy and Food of Ukraine, farmers will not be able to fully use 1-1.5 million hectares of agricultural land as a result of the Kakhovka hydroelectric power plant (HPP) explosion.
Agri-sector may lose up to $1.5B due to Kakhovka HPP's explosion - Agrarian Ministry
As a result of the explosion of the Kakhovka hydroelectric power plant (HPP) by Russian troops, the agricultural sector of Ukraine may suffer losses of up to USD 1.5 billion.
Russia deliberately sabotages Ukrainian grain exports - British intelligence
Russia continues to impede the export of Ukrainian grain by deliberately slowing down inspections and actively blocking some ships.
Reconstruction of state should be carried out at expense of 80% of private capital - Ministry of Economy
The reconstruction of the state in the global sense should be carried out at the expense of 80% of private capital, and for this it is necessary to create preconditions that will encourage investors to contribute to Ukraine.
Kostin, Croatia’s Justice Minister discuss tracing and freezing of Russian assets
Prosecutor General of Ukraine Andriy Kostin had an online meeting with Minister of Justice and Public Administration of Croatia Ivan Malenica.
08 June 2023
IMF to approve decision on next tranche for Ukraine in late June
A meeting of the IMF Executive Board on the first review under the Extended Fund Facility (EFF) Program for Ukraine and on the allocation of the next tranche is scheduled for the end of June.
Ukraine sends note to European Commission over Rosatom project in Hungary - Shmyhal
Ukraine has sent a note to the European Commission over possible intensification of nuclear cooperation with Russia.
Flooded lands due to Kakhovka HPP’s destruction require full agro-ecological assessment - Agrarian Ministry
Ukraine may lose millions of tonnes of crops due to the destruction of the Kakhovka hydroelectric power plant (HPP). Special methods will have to be used to restore the soil.
Ukrenergo: There is certain capacity shortage in power system
As of June 8, there is a certain power shortage in the power system, and NPC Ukrenergo calls on Ukrainians to save electricity during the evening peak hours.
Kazakhstan, Armenia, Hong Kong blocking payments from Russia over "parallel imports" of electronics - media
Banks in Armenia, Kazakhstan, and Hong Kong have lately been blocking payments from Russian companies for processors, microcircuits, and other electronics supplied through "parallel import" schemes.
Water reserves for cooling ZNPP rectors may be enough for several months - IAEA
At the Zaporizhzhia Nuclear Power Plant, work is ongoing to ensure a sufficient supply of water for cooling the reactors in case it stops coming from the Kakhovka Reservoir following the explosion at the Kakhovka HPP dam.
Lviv Airport could be reopened as part of “humanitarian corridor” - regional administration
The Danylo Halytskyi Lviv International Airport can resume its operations within a humanitarian corridor initiative.
Shmyhal: Program for Ukraine's accession to OECD launched
Prime Minister Denys Shmyhal together with Secretary-General of the Organisation for Economic Co-operation and Development (OECD) Mathias Cormann and UK Foreign Secretary James Cleverly launched the OECD Program for Ukraine within the framework of the initial dialogue on joining the Organization.
Creation of full-fledged stock market discussed at government meeting – Shmyhal
At a meeting with representatives of the Ministry of Economy and the National Securities and Stock Market Commission, Prime Minister Denys Shmyhal discussed the creation of a full-fledged stock market in Ukraine.
07 June 2023
About 129 substations flooded in Kherson - Ministry of Energy
As of June 7, the power system is operating stably, but 20,000 consumers are without power due to the explosion of the Kakhovka hydroelectric power plant and flooding, 129 transformer substations are flooded in Kherson, and two solar power plants are flooded in Mykolaiv region.
Construction of new HPP may cost about $1 billion - Ministry of Economy
The construction of a new hydroelectric power plant could cost about $1 billion, as it is not only about installing new hydraulic units, but also about restoring the integrity of a huge dam.
IAEA chief to lead mission to Zaporizhzhia NPP
The Director General of the International Atomic Energy Agency (IAEA), Rafael Grossi, said he would personally head the mission that will deploy to the Zaporizhzhia Nuclear Power Plant next week after the Russians blew up the Kakhovka Hydroelectric Power Plant in Ukraine.
Shmyhal: Russian terrorist act of Kakhovka HPP explosion will not affect energy system
The Russian terrorist act of the Kakhovka HPP dam explosion will not affect the operation of Ukraine's energy system.
Ukraine, France sign agreement on official debt service suspension
Ukraine and France have signed an Agreement on public debt repayment suspension, which will reduce the debt burden on Ukraine’s state budget and direct funds to finance priority needs.
Ecologist: Crimea may be left without water for 10-15 years after Russians blow up Kakhovka HPP
As a result of Russian invaders' explosion of the Kakhovka hydroelectric power plant (HPP), the temporarily occupied Crimea may be left without water for 10-15 years. This will have huge negative consequences for agriculture throughout the region and a massive fish kill that could cause outbreaks of infectious diseases.
Ukraine's international reserves reach $37.3B — NBU
Ukraine's international reserves, according to preliminary data, reached $37.3 billion as of June 1, 2023.
Restoration Agency, Chamber of Commerce to develop infrastructure projects
The State Agency for Restoration and Development of Infrastructure and the Ukrainian Chamber of Commerce and Industry signed a memorandum of cooperation on the development and implementation of infrastructure projects.
06 June 2023
Nova Kakhovka dam blast: Govt allocates over UAH 2.3B to provide regions with water
The Cabinet of Ministers of Ukraine has allocated UAH 1.5 billion for the construction of two new main water pipelines and UAH 846 million for providing the regions with drinking water following Russia's destruction of the Nova Kakhovka dam.
Crops in three regions endangered due to explosion of Kakhovka HPP - Haidu
Agricultural crops in Kherson, Zaporizhzhia, and Dnipro regions are under threat of destruction because these regions have been using water from the Kakhovka Reservoir for irrigation due to annual droughts.
Experts: Vegetable, horticultural industry in southern Ukraine may disappear due to Kakhovka HPP explosion
Vegetable and horticultural production in the southern regions of Ukraine may disappear as a result of the Russians' blowing up of the Kakhovka hydroelectric power plant. Technologies for growing many crops in the central regions need to be developed.