EU, Germany pledge additional EUR 18M to Ukraine’s Energy Efficiency Fund
The European Union and Germany are allocating additional €13 million and €5 million respectively to the Energy Efficiency Fund of Ukraine.
Economy - Latest news
11 June 2025
10 June 2025
Putin's Reserve Fund may exhaust itself in 2026 - outlook
The liquid assets of the National Welfare Fund of the Russian Federation (NWF), set up under Vladimir Putin, may be completely exhausted in 2026 if oil prices remain low and the ruble remains strong.
09 June 2025
Ukraine’s intelligence says Russia cuts pay to contract soldiers
Since year-start, regional authorities in Russia have been reducing one-time bonuses to those signing a contract for military service.
Russia seeks alternative agri platform within BRICS - Ukraine’s intel
During the St. Petersburg International Economic Forum, to be held on June 18-21, the Russian Federation will launch formal consultations with the BRICS nations on setting up a grain exchange.
Ukraine’s metallurgical market records decline in production
In May 2025, unlike in April, Ukrainian metallurgists reduced the production of key products.
07 June 2025
Ukraine warns Russia’s rate cut won’t heal war-torn economy
Lowering the Russian Central Bank’s key interest rate from 21% to 20% will not resolve the country’s economic problems caused by the war and international sanctions.
Ukraine receives over 7,000 units of energy equipment from international partners
Ukraine has received over 7,000 units of power equipment from international partners, supporting efforts to avoid blackouts amid Russian attacks.
06 June 2025
Ukraine has 12 months to meet conditions for full EU funding - Vice PM
Ukraine has up to 12 months to adopt all required legislation, including at least eight key draft laws in the field of justice and judicial reform, to receive full funding under the Ukraine Facility, which provides for EUR 50 billion in assistance until 2027.
AI and drone swarms: Ukraine presents defense developments for army at exhibition in Japan
Members of the Brave1 cluster and six other defense tech manufacturers from Ukraine presented their developments at a defense technology exhibition in Japan.
Individual investments in domestic government bonds could reach UAH 100B this summer - NBU
The volume of individual investments in domestic government bonds may rise from UAH 92 billion to UAH 100 billion this summer.
EU to support Danish companies working in Ukraine, first EUR 20M agreement signed
The European Investment Fund (EIF) and the the Export and Investment Fund of Denmark (EIFO) have signed the first agreement under the European Union’s export credit guarantee program for Ukraine, allocating EUR 20 million in support.
05 June 2025
Ukraine opposes compensating Western investors from frozen Russian assets – Mudra
The Ukrainian government does not support the decision of the international depository Euroclear, which plans to redistribute about EUR 3 B of frozen Russian funds among Western investors whose money was seized by Russia.
Ukraine, Japan sign agreement to receive $3B from frozen Russian assets
Ukraine and the Japan International Cooperation Agency (JICA) have signed an agreement required to receive $3 billion under the Extraordinary Revenue Acceleration (ERA) loans initiative.
National Bank keeps key policy rate at 15.5%
The National Bank of Ukraine (NBU) has maintained its key policy rate at 15.5%.
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.