National Bank keeps key policy rate at 15.5%
The National Bank of Ukraine (NBU) has maintained its key policy rate at 15.5%.
Economy - Latest news
05 June 2025
EU extends safeguard measures suspension on Ukrainian iron, steel for three years
The Council of the European Union has extended its trade liberalization measures for Ukrainian iron and steel products for another three years, in a move aimed at supporting Ukraine's economy amid ongoing Russian aggression.
04 June 2025
S&P agency announces Ukraine's default on GDP-linked bond issue
International rating agency S&P Global has downgraded Ukraine's GDP-linked bond issue from "CC" to "D" (default) due to a missed payment of $665 million to holders of GDP warrants, which was due on June 2.
Tenfold increase in Ukraine’s weapons production could change course of war – former Lithuanian FM
Lithuanian statesman and politician, former Minister of Foreign Affairs of Lithuania, Gabrielius Landsbergis, believes that if Ukraine had the opportunity to increase its weapons production tenfold, it could significantly change the course of the war, enabling the country to deter or push back Russian forces.
Parliament approves amendments to Budget Code for minerals agreement
The Verkhovna Rada has adopted amendments to the Budget Code of Ukraine necessary for the implementation of the U.S.-Ukraine minerals agreement, with the draft law passing almost unchanged in the second reading.
IAEA chief after visit to Kyiv: Threats to nuclear safety remain ever-present
International Atomic Energy Agency (IAEA) Director General Rafael Grossi, after a visit to Kyiv yesterday, said "the threat to nuclear safety remains very real and ever-present" in Ukraine.
UK boosts drone investment for Ukraine tenfold
The UK is investing a record GBP 350m this year to increase the supply of drones to Ukraine from a target of 10,000 in 2024 to 100,000 in 2025.
World Bank mission begins work in Ukraine, preparing new $1B loan
The Ministry of Finance of Ukraine and the World Bank are working on a loan agreement to support the Development Policy Operation (DPO), with a planned allocation of at least $1 billion.
No power outages expected this summer – Ukrenergo
There is currently no significant risk of scheduled power outages in Ukraine, even during peak consumption on hot days.
03 June 2025
Ukraine expects to join OECD in 2026 – PM Shmyhal
Ukraine expects to join the Organization for Economic Cooperation and Development in 2026.
IAEA Director General arrives in Ukraine
Director General of the International Atomic Energy Agency (IAEA) Rafael Mariano Grossi arrived on a visit to Ukraine.
Shmyhal discusses investment prospects with French business representatives in Paris
During a meeting in Paris, Prime Minister Denys Shmyhal met with French business representatives and Laurent Saint-Martin, Minister Delegate for Foreign Trade and French Nationals Abroad, to outline key investment opportunities in Ukraine.
UK government ready to go to court to unblock funds for Ukraine from Abramovich’s Chelsea sale
The British government threatens legal action against Russian oligarch Roman Abramovich to break the deadlock in negotiations over GBP 2.5 billion frozen after the sale of Chelsea Football Club.
U.S. business in Ukraine most interested in defense sector - Sigma Software CEO
The most interesting projects for American businesses in Ukraine are currently in the defense field, including dual-use technology.
Naftogaz to raise over EUR 36M loan from EBRD to modernize drilling equipment
Naftogaz Group will receive a EUR 36.4 million loan from the European Bank for Reconstruction and Development (EBRD) to modernize the drilling equipment of Ukrgasvydobuvannya JSC.
02 June 2025
Norway to help cover EUR 1B worth gas deficit - Zelensky
President Volodymyr Zelensky said Norway would help the country cover gas deficit worth a billion euros.
01 June 2025
Western sanctions on semiconductors hurting Russian army - media
The Russian army, which is highly dependent on Western semiconductor technologies, is suffering greatly from U.S. and EU sanctions, since Russia is incapable of developing its own technology of this kind.
Ukraine, Canada expanding energy cooperation - Ambassador Cmoc
Developing energy cooperation is an important part of the efforts being undertaken within the framework of the Canada-Ukraine Free Trade Agreement.
An-124 case in Canada may become precedent for seizing Russian assets – ambassador
Discussions on the most effective mechanism for utilizing frozen Russian assets in the interests of Ukraine are ongoing, but the court case regarding the Russian An-124 cargo plane grounded in Canada may serve as an interesting precedent.
Canadian arms manufacturers interested in cooperation with Ukraine – ambassador
Canadian arms manufacturers are showing strong interest in cooperating with Ukraine.
Canada, Ukraine, Europe must invest jointly in defense – ambassador
Discussions about aid to Ukraine are shifting from a donation-based model to one focused on strategic investment, including the so-called "Danish model."
31 May 2025
Ukrainian Council of Defense Industry signs strategic cooperation deal with UK's ADS Group
The Ukrainian Council of Defense Industry has signed a memorandum of strategic cooperation with the UK's ADS Group — the leading British trade association representing over 1,500 companies in the aerospace, defense, security, and space sectors.
Kremlin trying to keep economy running through lies, remaining reserves – Foreign Intelligence Service
The Russian government is struggling to keep their economy going by relying on lies and the remainder of national reserves.
Russia eyes salaries in "digital rubles" to toughen control over citizens - Ukraine intel
In Russia, starting early 2026, the government intends to oblige budget-funded employers to pay salaries in "digital rubles", which is aimed at strengthening total control over the population.
Over 200 Finnish enterprises planning to enter Ukrainian market within two years
Finnish businesses consider the Ukrainian market as promising for expansion and new investments, particularly in the areas of IT and digitalization, green transition and energy, advanced technologies in the construction, food and processing industries.
Naftogaz, Poland’s ORLEN agree on strategic cooperation
Naftogaz of Ukraine NJSC and Poland’s ORLEN have signed a Memorandum of Understanding aimed at expanding strategic cooperation in certain areas.
30 May 2025
First auction ends with Trans-Balkan route capacities unbooked – GTSOU
Considering the limited time before the auction, gas transmission system operators expected that gas import capacities from Greece might not be booked. Hence, the next auction has been scheduled for June 23, 2025.
Sybiha: Ukraine can now cover about 40% of defense needs
Ukraine has significantly scaled up its weapons production and can now meet around 40% of the Defense Forces' needs.
Ukraine to receive almost $3B from Russian frozen assets transferred by Japan – Shmyhal
The Cabinet of Ministers has approved a decision to secure nearly $3 billion in funding from Japan, backed by proceeds from Russian frozen assets.
Restart of Zaporizhzhia Nuclear Power Plant impossible due to unsafe conditions – IAEA
The International Atomic Energy Agency (IAEA) maintains its position that restarting the Zaporizhzhia Nuclear Power Plant (ZNPP) is impossible under current circumstances due to the lack of safe operating conditions.