Ukraine expects to harvest about 67M tonnes of grain and oilseed crops in 2022
In 2022, Ukraine expects to harvest about 52 million tonnes of grain crops and 13-15 million tonnes of oilseed crops.
Economy - Latest news
19 July 2022
18 July 2022
EU ministers agree on new EUR 500M tranche of military aid for Ukraine - Borrell
The Council of the EU at the level of foreign ministers reached a political agreement on the allocation of the next tranche of military assistance to Ukraine within the framework of the European Peace Facility in the amount of another EUR 500 million.
EU confirms intention to give Ukraine EUR 9B in macrofinancial aid
The European Council has decided to allocate EUR 1 billion to Ukraine and will continue to work toward finding a way to provide Ukraine with another EUR 8 billion from the total package of EUR 9 billion of macro-financial assistance that has already been politically agreed at the EU level, although it is too early to talk about specific terms of providing such assistance.
Ukrainian, Brazilian presidents discuss resumption of grain exports
Ukrainian President Volodymyr Zelensky and his Brazilian counterpart Jair Bolsonaro have discussed the importance of resuming grain exports to prevent a global food crisis provoked by Russia.
Ukraine withdraws from customs agreement of CIS countries
The Verkhovna Rada has adopted a law on Ukraine's withdrawal from the agreement on cooperation and mutual assistance in customs matters, signed in Moscow on April 15, 1994 and ratified by the Verkhovna Rada in 1999.
17 July 2022
German foundation withdraws from Nord Stream 2 project
A German public foundation established to help Russia’s Gazprom complete the Nord Stream 2 gas pipeline seeks to pull out of the project.
Higher oil output by Saudi Arabia to help curb Russian profits - Yermak
Saudi Arabia's decision to increase daily oil production to 13 million barrels will help reduce Russia's profits off oil exports.
16 July 2022
Ukraine calls on U.S., European bankers to sever ties with companies that trade Russian oil
Ukraine calls on heads of U.S. and European banks to sever ties with companies that trade Russian oil and stop providing credits to finance Russian war crimes.
US ambassador, Ukraine’s minister discuss establishing transport corridors to export grain
U.S. Ambassador to Ukraine Bridget Brink and Minister of Infrastructure Oleksandr Kubrakov have discussed the issue of establishing transport corridors through the Black Sea to export Ukrainian grain.
Ukraine, Poland jointly counteract Russian propaganda regarding grain exports
Ukraine and Poland are jointly counteracting the Russian propaganda regarding the export of Ukrainian grain to Asian and African countries.
15 July 2022
Fitch downgrades Naftogaz after its consent solicitation to defer debt servicing
Fitch Ratings has downgraded Naftogaz of Ukraine’s (Naftogaz) Long-Term Issuer Default Rating (IDR) to ‘C’ from ‘CCC’ following its consent solicitation to defer its debt servicing of its Eurobonds.
About 30 enterprises of Luhansk region relocated to safer areas – governor
Since the beginning of the Russian full-scale invasion, about 30 enterprises of the Luhansk region have managed to find new locations to resume their activities in safer areas of Ukraine due to the government program of enterprises temporary relocation.
NBU buys gov’t military bonds worth UAH 225B since early March
Since the beginning of the full-scale war, the National Bank has purchased UAH 225 billion worth of domestic government military bonds.
14 July 2022
NBU: Ukraine has received almost $13B in aid since beginning of war
Since the beginning of the full-scale war of the Russian Federation against Ukraine, international partners have provided almost $13 billion in financial aid to Ukraine.
Shmyhal calls on Korean businesses withdrawing from Russia to move production to Ukraine
Prime Minister of Ukraine Denys Shmyhal, during a speech at the Asian Leadership Conference in Seoul, called on Korean businesses that have pulled out of the Russian market to move their production capacities to Ukraine.
United States, Ukraine discuss price cap on Russian oil
U.S. Deputy Secretary of the Treasury Wally Adeyemo and Ukrainian Finance Minister Sergii Marchenko have discussed progress made toward implementing a price cap on Russian oil to restrict revenue for Russia’s military while dampening the impact of Putin’s war on global oil and energy prices.
IMF: War in Ukraine darkens significantly global economic outlook
The Russian invasion of Ukraine has darkened significantly this year's global economic outlook.
Czech PM Fiala: Gas won't make EU's next Russian sanctions package
It is already clear that the sanctions will not curb imports of Russian gas as too many EU member states can't adjust quickly enough.
13 July 2022
Shipment of Ukrainian grain: Special coordination center to be set up in Istanbul
At today’s meeting of the military delegations of the defense ministries of Turkey, Ukraine and Russia, as well as the UN officials, an agreement was reached on technical issues regarding grain exports from Ukraine through the Black Sea.
Ukraine may receive $4.4B in aid in July - Ministry of Finance
The Ministry of Finance expects Ukraine to receive about $4.4 billion in aid from international partners in July.
Four-way meeting on shipment of Ukrainian grain ends in Istanbul
A meeting between the military delegations of the defense ministries of Turkey, Ukraine and Russia, as well as the UN delegation, to discuss the export of grain from Ukraine via the Black Sea ended in Istanbul.
Sanctions must not be adjusted to accommodate Russia's whims, says Kuleba
Canada's decision to return to Germany a gas turbine for Russia’s Nord Stream 1 gas pipe was a mistake as the sanctions regime should not be adjusted to the whims of the Russian Federation.
Six times more companies pull from Russia now than from South Africa over 20 years of apartheid - Kuleba
Over the 140 days of Russia's barbaric aggression against Ukraine, almost six times more foreign companies left the Russian market than South Africa during the 20 years of apartheid.
Ukraine to receive €200 million interest-free loan from Italy
The Cabinet of Ministers of Ukraine sealed a resolution on raising a €200 million interest-free loan from Italy.
Ukraine invites Lithuania to join 600 promising investment projects after victory
Ukraine invites Lithuanian businesses to participate in measures to restore and rebuild the Ukrainian economy after the victory in the war. A total of 614 promising projects have been prepared for investment.
Turkish Airlines cancels flights to and from Ukraine until end of summer
Turkish Airlines has extended the cancellation of flights to and from Ukraine until August 31 inclusive, as well as to and from certain destinations in Belarus and Russia.
UWC files legal action to stop return of gas turbine for Nord Stream
The Ukrainian World Congress (UWC) together with the Ukrainian Canadian Congress has been pleading with the Government of Canada to revoke the waiver provided to Siemens Canada that allows the return of repaired Nord Stream 1 turbines to Germany.
12 July 2022
Sixteen vessels sail through Bystre Canal to be loaded with Ukrainian grain
As of July 12, 2022, a total of 16 merchant ships sailed through the Bystre Canal to be loaded with Ukrainian-produced grain.
Grain сorridor: Ukraine confirms talks in Istanbul
Security issues will remain a key element of Ukraine’s position at the meeting of Ukraine, the UN, Turkey, and Russia delegations on July 13.
Shmyhal: Ukraine to receive EUR 1B in aid from EU by end of July
By the end of July, Ukraine is to receive one billion euros in additional EU macro-financial assistance.