Ukraine prepared in advance for halt in Russian gas transit – energy minister
Ukraine has taken all necessary steps in advance to ensure stable gas supplies to consumers despite the complete halt in Russian natural gas transit.
Economy - Latest news
28 December 2024
Ukraine receives first shipment of LNG from U.S. through Greece
Ukraine has received liquefied natural gas (LNG) from the United States for the first time through a terminal in Greece, marking a strategic step, said Andrii Yermak, Head of the Office of the President of Ukraine.
Energy workers restore power for over 8,400 consumers in 24 hrs
Over the past day, energy workers restored electricity supply to more than 8,400 consumers who had been in blackout due to combat actions.
Zelensky meets with business representatives
Ukrainian President Volodymyr Zelensky underscored the importance of economic stability as a foundation for both social well-being and the country's defense capability during a meeting with representatives of the Ukrainian business community.
NBU endorses terms of reference for banks’ resilience assessment in 2025
The National Bank of Ukraine (NBU) has endorsed the terms of reference to conduct the resilience assessment of banks and Ukraine’s banking system in 2025.
Finance ministry: UAH 1.8T allocated from state budget for defense purposes over 11 months
Over 11 months of 2024, a total of UAH 1.8 trillion has been directed from Ukraine’s state budget general fund to finance the security and defense sector.
27 December 2024
U.S., World Bank provide Ukraine with USD 485M in budget support
Ukraine has received USD 485 million in financial assistance from the United States and the World Bank under the PEACE in Ukraine project.
PM Shmyhal: Over UAH 10B directed to strengthen protection of Ukraine’s energy system
More than UAH 10 billion has been directed to enhance the protection of Ukraine’s energy system.
MP announces creation of registers of business losses, for destroyed movable property of Ukrainians
MPs are preparing a number of legislative initiatives to create a register of damages caused to legal entities, a register of damages caused to owners of movable property, and a new version of the Law of Ukraine “On Ensuring the Rights and Freedoms of Internally Displaced Persons”.
Ukraine sends 500 tonnes of wheat flour to Syria – Zelensky
Ukraine has sent 500 tonnes of wheat flour to Syria as part of the "Grain from Ukraine" humanitarian program in partnership with the UN-led World Food Program (WFP).
Economy ministry expects Ukraine’s GDP to rise by 4% at year end
At the end of 2024, Ukraine’s gross domestic product (GDP) is expected to increase by 4%, of which 0.64% has been provided by the Made in Ukraine economic policy.
26 December 2024
Blackout schedules to be in effect on Friday from 08:00 to 17:00 - Ukrenergo
Hourly power outages for household consumers on Friday, December 27, are scheduled from 08:00 to 17:00.
Ukraine received about USD 1.2B from Japan - PM
Ukraine has received about USB 1.2 billion from Japan through World Bank projects.
Czech company Škoda JS hands over eight new drives to Rivne NPP
The Czech company, Škoda JS, which is part of ČEZ Group, has delivered eight new drives for reactors at Rivne Nuclear Power Plant (NPP).
25 December 2024
Japan to provide Ukraine with $3B from frozen Russian assets
Ukrainian President Volodymyr Zelensky had a phone call with Japanese Prime Minister Shigeru Ishiba during which he thanked him for Japan's decision to transfer another $3 billion to Ukraine, secured by frozen Russian assets.
Cleaning up Black Sea after fuel spill could take decade, Russian officials say
Cleaning the Black Sea and its coastline from fuel oil spilled as a result of the recent accident involving Russian tankers in the area of the Kerch Strait could take up to 10 years.
Russian missile attack: emergency responders put out fire at critical infrastructure facility in Prykarpattia
In Ivano-Frankivsk region, first responders extinguished a blaze that broke out as a result of a Russian strike targeting a critical infrastructure facility.
Russians attack thermal power plants, equipment seriously damaged
Russian missiles attacked DTEK thermal power plants across Ukraine in the early morning of December 25, seriously damaging equipment at a number of thermal power plant.
Russians massively attacking Ukraine’s energy infrastructure - minister
Russian missiles once again target critical energy infrastructure across Ukraine.
Ukraine introduces emergency blackouts amid Russian missile attack
Due to the ongoing massive missile attack on the territory of Ukraine, measures to limit electricity consumption have been put in place.
Government endorses strategy to develop border infrastructure with EU, Moldova until 2030
The Cabinet of Ministers of Ukraine has approved the Strategy for the Development and Construction of Border Infrastructure with EU countries and the Republic of Moldova until 2030.
Ukraine, China to enhance agricultural cooperation
Ukrainian Agrarian Policy and Food Minister Vitalii Koval and newly-appointed Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to Ukraine Ma Shengkun have discussed the opening of new export markets and the construction of agricultural processing enterprises using Chinese technologies.
24 December 2024
Profits from frozen Russian assets: Ukraine receives from U.S. first $1B of pledged $20B
Ukraine has received from the U.S. $1 billion, secured by profits from frozen Russian assets.
IAEA records damage to substations critical to NPP operation over Russian attacks
The IAEA mission assessed the damage sustained as a result of Russian attacks in November and December on energy infrastructure facilities that are critical for delivering nuclear power plants' capacity to consumers and ensuring the powere supply to cover NPP power units' own needs.
Biden may impose new major sanctions on Russia's energy sector - media
U.S. President Joe Biden is considering introducing new serious sanctions against Russia's energy sector in the last weeks of his term in office.
Honorary Consul of Ukraine in the Netherlands: Russia earns EUR 7B from fish sales, sanctions needed
Russia earns EUR 7 billion annually from the sale of fish, of which EUR 1.5 billion comes through the Netherlands, so the West needs to strengthen sanctions against Russia's fishing industry to strike a blow to the Russian economy.
Some 130 young families to obtain housing under preferential lending programme by year end
By the end of 2024, some 130 young families will obtain housing under the preferential youth lending programme. For this purpose, about UAH 240 million has been allocated this year.
Mortgage lending under eOselia programme cut by third – NBU
Mortgage lending under the eOselia [eHousing] programme has slowed down, while the number of mortgage loans outside the programme remains minimal.
23 December 2024
Ukraine cancels emergency blackouts
Ukraine’s energy grid operator has canceled emergency electricity shutdown restrictions, introduced in three regions earlier today.
Ukraine receives $1.1B from IMF to direct money for critical budget expenditures - Shmyhal
Ukraine has received a $1.1 billion tranche from the International Monetary Fund.