Germany to help Ukraine export grain
The German government wants to ensure that Ukraine can continue to grow grain and deliver it to countries around the world despite the war.
Economy - Latest news
26 April 2022
Shmyhal: Ukraine needs $5B a month. IMF already created special account
Ukraine needs $5 billion a month in support from international partners to fulfill all its social and humanitarian obligations to the people of our country who suffer from the war.
International partners express willingness to continue to assist Ukraine - NBU
The international partners noted the success of the measures taken by the National Bank of Ukraine (NBU) to support the economy and maintain financial stability in Ukraine under martial law, and expressed their willingness to continue to assist Ukraine.
Every day of war increasing losses for global economy - NBU governor
Every day of the war increases the scale of its consequences, losses for the Ukrainian and global economies.
Ukraine will lose around 20% of its grain harvest due to war - British intelligence
The Russian invasion of Ukraine has significantly disrupted Ukrainian agricultural production and this year's grain harvest in Ukraine is likely to be about 20% lower than in 2021 due to reduced sowing areas.
Ukraine asks U.S. for $2B per month in emergency economic aid
Ukraine is asking the Biden administration to provide at least $2 billion per month in emergency economic aid, arguing that failure to deliver the money could exacerbate the humanitarian crisis caused by Russia's invasion.
25 April 2022
Shmyhal told representatives of US Congress about Ukraine’s needs to restore economy
Prime Minister of Ukraine Denys Shmyhal told representatives of the U.S. Congress about Ukraine’s urgent needs to restore its economy during the war.
NBU: UAH 45M remains on fundraising account to help Armed Forces of Ukraine
As of April 25, 2022, the balance on the special fundraising account the National Bank of Ukraine (NBU) opened to support the Armed Forces of Ukraine totals over UAH 45 million.
Anonymous hacks correspondence of Russian coal, oil, gas exporters
The Anonymous group of international hackers has gained access to over a million emails of ALET, a Russian customs broker that deals with the exporters of petroleum products, coal, and liquefied gas.
Russian aggression destroyed about $650B of Ukraine’s assets – Advisor to President
Russia’s full-scale aggression has destroyed about $650 billion worth of Ukrainian assets.
Ukraine, Latvia discuss possibility of agricultural exports via Latvian ports
Ukrainian Agrarian Policy and Food Minister Mykola Solskyi has paid a working visit to the Republic of Latvia to discuss the possibility of agricultural exports via Latvian ports.
Ukraine to be able to sell electricity on European market – Marchenko
Ukraine will now be able sell its electricity on the European market.
24 April 2022
Ukrainians may help Europe overcome labor shortages – IMF
Ukrainian refugees who want to stay abroad for a long time could be a positive factor for Europe which will experience labor shortages in the medium term.
IMF supports Ukraine's strategy for speedy economic recovery
The international community supports Ukraine's strategy for speedy economic recovery, particularly in the areas where there are no hostilities, and is ready to seek ways to provide financial assistance.
Ukraine, Poland to strengthen cooperation in railway sector - Shmyhal
The memorandum on strengthening cooperation in the railway sector with Poland will help dramatically increase the rail transportation of Ukrainian exports to the EU and world markets through Europe.
23 April 2022
Shmyhal discusses further assistance to Ukraine with Georgieva
Prime Minister of Ukraine Denys Shmyhal discussed further assistance to Ukraine with IMF Managing Director Kristalina Georgieva.
War, NPPs, sanctions against Russia: Shmyhal discusses energy challenges in United States
Prime Minister of Ukraine Denys Shmyhal and U.S. Deputy Energy Secretary David Turk discussed the energy challenges caused by the war.
PM Shmyhal: Broad coalition of countries guarantees Ukraine financial support
A broad coalition of partners, not just individual countries, is ready to guarantee Ukraine financial support amid the war to meet the current needs of the Ukrainian economy.
World Bank to provide largest ever financial support to low income countries due to Russia’s invasion of Ukraine
The World Bank will provide $170 billion over the next 15 months in support to the low income countries faced with economic hardship as a result of Russia’s invasion of Ukraine.
No need for debt write-off, restructuring – Ukraine’s Finance Minister
Ukraine does not need debt write-off or restructuring as the country has no problems with servicing it.
22 April 2022
Shmyhal invites International Finance Corporation to help rebuild Ukrainian cities
Ukrainian Prime Minister Denys Shmyhal has invited the International Finance Corporation to join the reconstruction of Ukrainian cities.
U.S. to provide $500M in additional direct financial assistance to Ukraine – Finance Ministry
The United States will provide Ukraine with additional direct financial aid in the amount of $500 million.
World Bank says Ukraine sustained physical damage worth $60B so far
Physical damage to Ukraine's buildings and infrastructure from Russia's invasion has reached roughly $60 billion and will rise further as the war continues.
Ukrainian PM, US Secretary of Commerce discuss strengthening of sanctions against Russia
As part of his working visit to Washington, Ukrainian Prime Minister Denys Shmyhal met with US Secretary of Commerce Gina Raimondo to discuss the development of bilateral trade, reduction of trade barriers and sanctions against Russia.
400 enterprises evacuated from combat zone, 190 start working - Hetmantsev
As of April 22, 400 enterprise have been relocated from the combat zone under the evacuation program, 190 of them have already started work.
Minister Marchenko: UK to provide $500M in loan guarantees to Ukraine
The United Kingdom will provide $500 million in loan guarantees to Ukraine.
Ukraine’s rebuilding will cost at least $600B – PM Shmyhal
In the longer term, Ukraine’s rebuilding and restoration will cost at least $600 billion.
President Zelensky: Ukraine’s liberation from Russian invaders is the only way to stop the food crisis
Ukrainian President Volodymyr Zelensky believes the only secure way to stop the development of the food crisis is to put an end to the war and liberate Ukraine’s territory from Russian invaders.
21 April 2022
PM Shmyhal, U.S. Treasury Secretary discuss weapons, finances, sanctions
Prime Minister of Ukraine Denys Shmyhal discussed increasing financial support for Ukraine and stepping up sanctions pressure on Russia with U.S. Treasury Secretary Janet Yellen.
Biden announces $500M in direct economic aid to Ukraine
U.S. President Joe Biden has stated that the U.S. government intends to allocate an additional $500 million to support Ukraine's economy during the war, as well as to provide social benefits.