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.
Economy - Latest news
01 June 2025
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.
IAEA director general to visit Ukraine and Russia next week
Director General Rafael Mariano Grossi of the International Atomic Energy Agency (IAEA) will pay visits to Ukraine and Russia next week.
Ukrainian startups raise EUR 3.5M under grant programme to develop innovations
More than EUR 3.5 million in innovation development grants have been attracted by 117 Ukrainian startups, from bionic prosthetics manufacturers to AI platforms.
29 May 2025
Shmyhal names Ukraine’s most promising sectors for U.S. investment
During a meeting with representatives of the American Chamber of Commerce, Prime Minister Denys Shmyhal emphasized that Ukraine’s defense industry and military-tech sector are the most promising areas for U.S. investment.
Ukraine, IMF reach staff-level agreement on $500M tranche – Shmyhal
Ukraine and the International Monetary Fund (IMF) have reached a staff-level agreement on the eighth review of the Extended Fund Facility (EFF) Arrangement, which will provide Ukraine with a tranche of approximately $500 million.
Rail freight volumes in Russia falling – CCD
Russia is experiencing a decline in rail freight transportation volumes.
28 May 2025
Zelensky and Merz discuss joint weapons production with German business leaders
President Volodymyr Zelensky and German Chancellor Friedrich Merz met with representatives of German business to discuss cooperation with Ukraine.
Ukraine sends note to IAEA over Russia’s intention to connect Zaporizhzhia NPP to its power grid
The Permanent Mission of Ukraine to the International Organizations in Vienna has sent a verbal note to the Secretariat of the International Atomic Energy Agency (IAEA), condemning Russia’s obvious intentions to connect the temporarily occupied Zaporizhzhia Nuclear Power Plant (NPP) to the Russian power grid and arbitrarily resume its operation.
Ukraine, Sweden to expand cooperation in agriculture, food sector
Ukrainian Agrarian Policy and Food Minister Vitalii Koval and Swedish Rural Affairs Minister Peter Kullgren have signed a Memorandum of Cooperation in agriculture, fisheries, food industry and irrigation.
Ukraine unlocks new gas route to import up to 1 bcm per annum from Greece
The National Energy and Utilities Regulatory Commission (NEURC) has approved the implementation of a joint product for gas import capacity reservation via the Trans-Balkan corridor, allowing the country to import about 1 billion cubic meters of gas per annum from Greece.
27 May 2025
Russians constructing power line in occupied territories of Ukraine to restart ZNPP – Greenpeace
A power transmission line is being constructed in the temporarily Russian-occupied territory of Zaporizhzhia and Donetsk regions, potentially enabling the restart of the seized Zaporizhzhia Nuclear Power Plant (NPP).
Ukraine’s public debt nears $180 billion - April borrowing figures
Ukraine’s public and government-guaranteed debt increased by UAH 357.12 billion in April 2025, reaching a total of UAH 7,480.33 billion ($179.97 billion).
26 May 2025
Ukraine, World Bank move closer to launching grant component of RISE program
Representatives of Ukraine's Economy Ministry and a World Bank mission have reviewed key areas of economic development, including the implementation of the balanced entrepreneurship initiative.
Ukraine seeking partnership with EU, not trade privileges – Agrarian Minister
Ukraine poses no threat to European farmers and is not asking for trade privileges, but is seeking an equal partnership with the European Union.
Russian envoy Dmitriev seeking to shield $280B in frozen assets – Ukrainian intelligence
Kirill Dmitriev, Russia's special representative for economic cooperation with foreign countries, is working to protect frozen Russian assets from being targeted.
Ukrainian foreign minister, Azerbaijani economy minister discuss investment, energy cooperation
Ukrainian Foreign Minister Andrii Sybiha and Azerbaijani Economy Minister Mikayil Jabbarov met in Baku to discuss trade, investment, and energy cooperation, with a focus on strengthening Europe's energy independence.
Ukrainians paid UAH 4.3B in real estate tax this year
Between January and April 2025, real estate owners in Ukraine paid UAH 4.32 billion in taxes on real estate other than land plot.
24 May 2025
Minerals deal: U.S.-Ukraine Reconstruction Investment Fund officially launched
Ukrainian First Deputy Prime Minister, Economy Minister Yuliia Svyrydenko has received a diplomatic note from Chargé d’Affaires a.i. at the U.S. Embassy in Ukraine Julie S. Davis, confirming the completion of internal procedures for the establishment of the U.S.-Ukraine Reconstruction Investment Fund.