European Council approves EUR 9B in aid for Ukraine
The European Council at its summit approved macro-financial assistance to Ukraine in the amount of EUR 9 billion.
Economy - Latest news
24 June 2022
Scholz calls on world to keep up pressure on Russia
The international community cannot afford to ease pressure on Russia, which is trying to create a global food crisis.
Invaders take out all old harvest grain from Melitopol silos - mayor
Every day, the Russian military drives dozens of grain trucks out of captured Melitopol. The invaders are only willing to buy grains from local farmers at a dumped price of $80 per tonne, which is below cost price.
US officials release images showing damage to Ukrainian grain silos caused by Russian attacks
The United States intelligence has released the data related to Russia’s military attacks against Ukrainian grain silos, including Ukraine’s second biggest grain terminal Nika-Tera in Mykolaiv earlier this month.
SBU blocks UAH 1B worth of assets of Russian oligarch's mining companies
Ukraine's SBU State Security Service has blocked the assets of a Russian oligarch's mining companies for more than UAH 1 billion.
Ukraine joins EU's LIFE environmental program
Ukraine has joined the EU's LIFE program, under which it will be able to get resources and funding to address the long-term effects of Russian aggression, as well as to restore the environment as a whole.
Russia solely responsible for global food security crisis – EU summit resolution
The Heads of States and Governments of EU countries, who started a high-level meeting in Brussels on June 23, 2022, recognized Russia as a country attempting to weaponize food in its war against Ukraine and solely responsible for the global food security crisis.
Ukraine, Moldova to resume railway services this autumn
Ukraine and Moldova are planning to resume railway services, namely freight railway operations, as soon as this autumn.
23 June 2022
Cavusoglu discloses details of plan to create corridors for grain exports from Ukrainian ports
Turkey supports the UN-proposed plan to export grain from Ukraine, which foresees the creation of a safety zone directly near Ukraine's territorial waters where the vessels going to the Ukrainian ports will undergo checks in order to prevent weapons transportation.
Turkish UAV powered by Ukrainian engine sets new altitude record
Turkey’s Akıncı UAV, created by Baykar Makina, and powered by a Ukrainian-made engine, has set a new altitude record.
French, German lawmakers urge Europe to revise energy strategy, get rid of Russia dependence
Europe should review its energy strategy and draw a plan for the development of renewable energy and the rational use of energy in general. This is necessary to achieve full independence from Russian gas supplies.
Turkey says “difficult” to determine origin of grain sold by Russia
Turkey says Russia has provided documents claiming that the grain it is exporting has not been taken from Ukraine so it remains hard to determine its origin.
Boryspil International in Eastern Europe’s TOP10 best airports
The British consulting company Skytrax presented the winners of The World’s Best Airports 2022 according to a passenger survey. The top ten include airports of Batumi, Budapest, Tallinn, Bucharest, Riga, Tbilisi, Boryspil, Belgrade, Bratislava, and Zagreb.
Poland may help Ukraine rebuild merchant fleet
Polish shipbuilding industry officials are willing to set up cooperation with counterparts in Ukraine to restore the latter’s merchant fleet.
22 June 2022
Ukraine’s oil processing industry suspends operation due to Russian missile attacks – Vitrenko
Ukraine’s oil processing industry has suspended operation due to Russian missile attacks.
Zelensky, Kariņš discuss Ukraine’s grain exports
Ukrainian President Volodymyr Zelensky and Latvian Prime Minister Krišjānis Kariņš have discussed the situation with Ukraine’s grain exports and support for granting Ukraine EU candidate status.
21 June 2022
Energoatom, Westinghouse discuss construction of new nuclear power units in Ukraine
Ukraine's National Nuclear Energy Generating Company Energoatom and U.S.-based Westinghouse have discussed bilateral cooperation, including the preparation of regulatory documentation for the construction of new nuclear power units using AP1000 technology in Ukraine.
Amount of financial aid to Ukraine since invasion stands at $30B - National Bank
Since the full-scale Russian invasion of Ukraine as of June 15, the total amount of assistance declared and provided to the country by international partners is $30 billion.
Zelensky, Orbán agree to develop cooperation in energy sector
Ukrainian President Volodymyr Zelensky and Hungarian Prime Minister Viktor Orbán have agreed to develop cooperation in the energy sector.
National Bank projects GDP to decline by at least a third due to war
According to the National Bank estimates, GDP will decline by at least a third at the end of the year.
Ukraine's Ministry of Economy, Italy's Confindustria agree on cooperation
The Ministry of Economy of Ukraine and the General Confederation of Italian Industry (Confindustria) have signed a memorandum providing for the establishment of a permanent consultative mechanism for cooperation.
Germany ready to continue using coal-fired TPPs in response to Russia's gas blackmail
The German government has stated its readiness to continue the use of coal-fired power plants to withstand Russia's energy pressure.
Russia must stop playing with global hunger - French Foreign Minister
French Foreign Minister Catherine Colonna has said that Russia must stop blocking Ukrainian seaports as this could lead to world hunger.
European lawmakers call for abandoning Russian energy
Stopping Russian gas purchases through the Nord Stream 1 pipeline would be reasonable if it was agreed at the European level.
Russia seeking to gain Western military technology bypassing sanctions – Canadian intelligence
Russia will make active efforts to obtain access to Western military technology through circumventing sanctions.
20 June 2022
U.S. takes steps to tackle fuel price hikes amid Putin’s invasion of Ukraine White House
The U.S. president’s administration is taking comprehensive measures to blunt the impact of inflation, including fuel price hikes, while Vladimir Putin’s war against Ukraine is destabilizing global energy markets and global economy as a whole.
Ukrainian PM, Austrian chancellor discuss green corridors for Ukrainian food exports
Ukrainian Prime Minister Denys Shmyhal and Austrian Chancellor Karl Nehammer have discussed support for Ukraine's European integration and the organization of green corridors for the export of Ukrainian products.
German railway may help with Ukraine’s grain exports from July
The German railway is planning to assist with Ukraine’s grain exports, and relevant trial operations are expected to be completed in July 2022.
Ukraine exporting by land about 1.5 million tonnes of grain a month
Ukraine has recently exported by land an average of 1.5 million tonnes of grain a month.
Russia’s blockade of Ukrainian grain exports “war crime” - Borrell
Russia's efforts to block Ukraine from exporting millions of tonnes of its grain constitute a war crime, EU top diplomat Josep Borrell said June 20.