Zelensky: Ukraine and EU working on law to seize oil from shadow fleet ships
Ukraine and Europe are working on legislation that would allow for the confiscation of oil from ships belonging to the shadow fleet.
Economy - Latest news
22 March 2026
21 March 2026
No power outages expected on Sunday – Ukrenergo
On Sunday, March 22, no hourly outage schedules are expected.
MoD diversifies procurement of UAVs, ground robotic systems, and ammo
The Defense Procurement Agency DOT will not select a single supplier when procuring defense products, but will instead distribute orders among several participants if there are two or more acceptable bids.
Case over UAH 146M embezzlement from Ukroboronprom referred to court
On March 20, the Specialized Anti-Corruption Prosecutor’s Office filed an indictment with the court against five members of a criminal group accused of embezzling over UAH 146 million from companies within the Ukroboronprom concern.
Russia earned over EUR 7B in two weeks of Iran war as oil prices surge – experts
Moscow's fossil fuel earnings hit EUR 7.7 billion in the two weeks after joint U.S.-Israeli strikes triggered the war in Iran, as the ongoing conflict has sent global oil prices skyrocketing and led the U.S. to ease Russian sanctions.
Frontline Communities Association helps resolve business lending and insurance issues – Kim
Members of the Association of Frontline Cities and Communities of Ukraine have managed to address several systemic problems, including business lending and insurance.
Business should be stimulated to cooperate with food banks – Shkrabatovskyi
The Ukrainian Food Banks Federation (UFBF) has drafted a bill proposing tax incentives for businesses that cooperate with food banks.
20 March 2026
Tanker carrying Russian oil changes its destination US tweaks rules — Bloomberg
A tanker transporting Russian diesel fuel, likely bound for Cuba, updated its destination to Trinidad and Tobago shortly after the U.S. Treasury clarified that the island is prohibited from receiving Russian fuel.
Kyiv’s resilience plan requires UAH 61.6 billion – PM Svyrydenko
The total budget of Kyiv’s resilience plan is UAH 61.6 billion, of which the city’s own funds account for only UAH 10.6 billion.
Ukraine and Romania implement EUR 200M joint projects under SAFE initiative
The presidents of Ukraine and Romania, Volodymyr Zelensky and Nicușor Dan, have agreed that the two countries will implement joint weapons production projects worth 200 million euros under the European SAFE program.
Zelensky hopes first tranche of EU loan will arrive in April
President Volodymyr Zelensky expressed hope that European Union leaders will find a way to provide the first tranche of financial assistance to Ukraine in April.
Germany eases arms export rules for Ukraine, Gulf states to boost air defense
The German government has introduced a temporary simplification of procedures for exporting certain types of weapons to Ukraine and countries in the Persian Gulf, particularly to strengthen air and maritime defense.
Ukrainian ports operating under fire become model for Gulf countries – Der Spiegel
Ukrainian ports, despite blockades, mines, and constant Russian attacks, continue to operate under wartime conditions and are becoming a model for port operators in the Middle East.
EU allocates €12 million to align Ukraine’s agricultural sector with EU standards
The European Union has announced the allocation of €12 million to support the development of agriculture and rural areas, as well as to implement food safety reforms in Ukraine.
19 March 2026
French authorities serve suspicion notice to ex-MP Zhevago in UAH 500M bank embezzlement case
Authorities in France have served a notice of suspicion to former MP Kostiantyn Zhevago, the beneficial owner of Finance and Credit Bank, in a case involving the misappropriation of more than UAH 500 million.
Naftogaz presents plan to rebuild Druzhba oil pipeline to European partners
A meeting with a technical working group on the consequences of the Russian attack on the infrastructure of the Druzhba pipeline was held at Naftogaz of Ukraine.
Airfares likely to rise if Ukraine resumes flights during war – expert
Air travel in Ukraine, if resumed during wartime, would be more expensive compared with 2022.
National Bank keeps key policy rate at 15%
The National Bank of Ukraine (NBU) has decided to maintain its key policy rate at 15%.
Power outages reported in three regions after Russian strikes – Ukrenergo
Consumers in three Ukrainian regions were left without electricity following new Russian attacks as of the morning of March 19.
Capital investment in Ukraine up 25% in 2025 – State Statistics Service
Capital investment in Ukraine increased by 25.2% in 2025 compared with 2024, reaching UAH 669.3 billion.
18 March 2026
Ukraine, Spain launch joint railway project
Ukrzaliznytsia (Ukrainian Ralways) and Spanish partners have signed agreements to develop a joint railway project focused on automatic gauge-changing technology, along with a grant to fund it.
Norway to provide Ukraine with $200M in budget support
The funds will be delivered through the World Bank's PEACE project to support the state budget.
IMF team begins talks in Kyiv on economic policy, reforms
Experts from the International Monetary Fund (IMF) have begun meetings with Ukrainian authorities in Kyiv to discuss macroeconomic policy and key structural reforms.
“Energy island” launched in Mykolaiv, covering 65% of critical infrastructure – Kim
An “energy island” has been launched in Mykolaiv, enabling the city to supply 65% of its critical infrastructure with electricity during blackouts.
17 March 2026
Ukraine to create strategic reserve within Ukraine Energy Support Fund – Shmyhal
Ukraine will establish a strategic reserve within the Ukraine Energy Support Fund, which can be used as needed for repairs.
Senior SBU officials suspected in $600,000 business extortion scheme in Rivne region
Law enforcement authorities have notified a deputy head of the main directorate of the Security Service of Ukraine (SBU) in Kyiv and the Kyiv region, a deputy head of the SBU office in the Rivne region, and a civilian intermediary of suspicion over receiving unlawful benefits as part of a business extortion scheme.
Expert: IAEA has become “messenger” between parties to conflict
The International Atomic Energy Agency (IAEA) does not exercise effective oversight of compliance with nuclear safety standards at the occupied Zaporizhzhia Nuclear Power Plant, as its structure is significantly influenced by the Russian Federation.
Power outages reported in four regions due to new Russian shelling, says Ukrenergo
As of March 17, power outages have affected users in the Dnipropetrovsk, Odesa, Kharkiv, and Chernihiv regions due to Russian attacks.
Power restriction schedules on Tuesday to apply only to industrial users
On Tuesday, March 17, power restriction schedules will be in effect for industrial users in all regions of Ukraine.
Funds for targeted financial assistance to be redistributed from Social Policy Ministry savings
Targeted financial assistance will be paid from funds saved in the first quarter through a review of internal resources of the Ministry of Social Policy, Family and Unity.