Government changing structure of fuel imports to Ukraine
Ukraine is changing the routes of fuel supplies, increasing the volume transported by road, rail and river.
Economy - Latest news
12 May 2022
EBRD to exit stakes in Russian companies as quickly as possible
The European Bank for Reconstruction and Development (EBRD) is working to exit its stakes in Russian companies as quickly as possible.
11 May 2022
Ukraine warns other countries against buying Ukrainian grain stolen by Russia
The Ukrainian Foreign Ministry categorically condemns Russia's actions in disposing of grain that was illegally seized from Ukrainian farmers in temporarily captured territories.
Russia blocking 300 cargo ships in Black Sea - U.S.
As part of the invasion of Ukraine, Russia has blocked about 300 cargo ships in the Black Sea that cannot export grain and other food for export from Ukraine.
Ukraine’s war losses amount to at least $90B - Forbes
Ukraine's physical and economic losses as a result of the ongoing war unleashed by Russia are believed to start at $90 billion. Ukraine's infrastructure and real estate have been hit hardest by Russia's invasion, with at least $64 billion worth of damage.
GTSOU says Russia steals gas within temporarily occupied territories
Gas Transmission System Operator of Ukraine (GTSOU) LLC has disclosed the new details of Russia’s halt in gas transit operations via the Sokhranivka gas measuring station in Luhansk Region.
World Bank to disburse $200M a month for salaries to Ukrainian budget-sector employees
The World Bank will disburse an average of $200 million a month for salaries to Ukrainian civil servants and teachers. A total of $1.5 billion will be allocated for this purpose.
10 May 2022
Ukraine cannot ensure safety of gas transit operations via Russian-occupied territories – Naftogaz
Ukraine is no longer responsible for gas transit operations via the Russian-occupied territories, and Russia’s Gazprom has been duly notified of this.
PM Shmyhal: All Russian assets in Ukraine’s territory become state property
The Cabinet of Ministers of Ukraine has adopted a document according to which Russian assets in the territory of Ukraine become the state property, being transferred to the State Enterprise "National Investment Fund".
EU can reach agreement on Russian oil embargo within one week
French Secretary of State for European Affairs Clément Beaune says the European Union could reach an agreement on a Russian oil embargo, which is currently being blocked by Hungary, "within a week."
Ukraine may significantly increase fuel imports via Poland
As part of the Polish-Ukrainian Energy Forum, Ukrainian and Polish government officials, business representatives, logistics enterprises and companies managing fuel infrastructure have developed practical solutions to overcome Ukraine’s fuel market crisis.
09 May 2022
U.S. temporarily suspends 232 tariffs on Ukrainian steel
The U.S. Department of Commerce has announced the temporary suspension of 232 tariffs on Ukrainian steel imports for a year in a bid to bolster Ukraine's steel industry, which accounts for a significant share of the national economy.
PM Shmyhal: Ukraine loses $170M every day due to blocked ports
Ukrainian Prime Minister Denys Shmyhal and President of the European Council Charles Michel have checked the current situation at Odesa Sea Port and coordinated joint steps to resolve the issue of Ukraine’s agricultural exports.
Minister Solskyi: Ukraine’s planted crop areas are 20-30% behind last year’s results
Despite an active sowing campaign, Ukraine’s planted crop areas are 20-30% behind last year’s results.
Ukraine’s macroeconomic situation and banking system stable, PM Shmyhal assures
Despite the full-scale war of the Russian Federation against Ukraine and the loss of about 30% of the economy as many enterprises have been closed or destroyed, Ukraine’s macroeconomic situation and the banking system are stable.
Ukraine cannot export about 90M tonnes of agricultural products due to blocking of ports – Shmyhal
Ukraine cannot export about 90 million tonnes of agricultural products due to the blockade of its ports by Russia, and this could lead to a global food crisis.
Greece helps Russia circumvent sanctions - Die Welt
Russian oil tankers continue to call at European ports unhindered amid EU attempts to limit Russia's ability to export energy. Greece is now helping Russia to circumvent this ban.
Japan agrees to Russian oil imports embargo "in principle"
Japan will embargo Russian crude oil imports "in principle," as part of a G7 decision to counter Russia's invasion of Ukraine, Japanese Prime Minister Fumio Kishida said after an online meeting of G7 leaders on Sunday.
08 May 2022
United States updates sanctions list against Russia
The U.S. Department of the Treasury has published a list of Russian companies and individuals, on which new sanctions were imposed on May 8, 2022.
Canada–Ukraine Free Trade Agreement to be expanded in near future
Ukraine and Canada will finalize the expansion of the free trade agreement in the coming weeks.
Russia suspended from International Gas Union
The International Gas Union (IGU), whose members on behalf of Russia were Gazprom and Novatek, has suspended any involvement of Russian entities in its activities.
07 May 2022
Canada to continue supporting Ukrainian economy
Canada will continue to provide Ukraine with all kinds of humanitarian and financial assistance.
NBU: Number of idle enterprises cut to 17% in Apr 2022
At the end of April 2022, the number of idle enterprises reduced to 17% compared to 32% at the beginning of Russia’s full-scale invasion of Ukraine.
Russia intends to circumvent sanctions through third countries - Yermak
Russia plans to circumvent western sanctions, imposed over its aggression against Ukraine, with the help of third countries.
In Ukraine, number of job seekers growing faster than vacancies
In April, the labor market began to recover gradually, with the number of job seekers growing faster than that of vacancies.
Russian invaders steal vegetable oil from seized plant in Zaporizhzhia Region
The Russian military are stealing vegetable oil from Polohy Oil Extraction Plant, which is situated in Zaporizhzhia Region.
UN: Nearly 25 million tonnes of grain stuck in Ukraine
Nearly 25 million tonnes of grains are stuck in Ukraine and unable to leave the country due to Russia's blockade of seaports and infrastructure problems.
06 May 2022
Ukraine's Pension Fund gets over UAH 171B in revenues in four months of 2022
In the four months of 2022, the Pension Fund of Ukraine (PFU) received UAH 171.9 billion, including UAH 113.7 billion of own revenues.
In Zaporizhia region, Russian forces set to take away land from farmers
In Chernihivka (Zaporizhia region), the occupiers are threatening farmers to seize their land plots.
Global food crisis is one of Russia’s intentional goals – Kyslytsya
Creating a food crisis in Ukraine and around the world is likely to be one of Russia’s intentional goals in the war against Ukraine.