Moldova to import electricity from Ukraine on Jan 2
Moldova’s state-owned company Energocom has announced the purchase of electricity to cover the shortfall on January 2, including imports from Ukraine.
Economy - Latest news
01 January 2025
Termination of Russian gas transit one of Moscow's biggest defeats - Zelensky
President Volodymyr Zelensky of Ukraine says energy weaponization and cynical blackmail have deprived Russia of the most attractive European market.
Sikorski: Ukraine doesn’t allow Putin to blackmail Europe with gas
Ukraine has cut off Russia’s ability to directly supply gas to Europe, preventing Putin from blackmailing Eastern Europeans.
EU prepared for cessation of Russian gas transit via Ukraine from January 1 - European Commission
The European Union has been preparing its energy infrastructure for the possible cessation of Russian gas transit through Ukraine, so the halt once the contract between Ukraine and Russia's Gazprom expires on January 1 will not affect the EU's energy security.
Heat, hot water supplies shut off in Transnistria amid Russian gas delivery cut
In unrecognized Transnistria, the Tiraspoltransgaz-Tiraspol operator warned consumers of the shutdown by 12:00 on January 1 of gas supplies to boiler rooms and households with autonomous heating systems due to the cessation of Russian gas deliveries.
PM Shmyhal reports record balance of treasury, foreign currency accounts
Balance in Ukraine’s single treasury account stands at over UAH 100 billion, while more than UAH 163 billion remains in the foreign currency accounts, both record figures for the country.
Ukraine halts Russian gas transit at 7:00, Jan 1, for national security reasons
On January 1 at 7:00, Ukraine ceased the transportation of Russian natural gas through its territory in the interests of national security.
NBU governor forecasts $41B in gold and foreign exchange reserves for 2025
Andriy Pyshnyy, Governor of the National Bank of Ukraine (NBU), has forecast that Ukraine's gold and foreign exchange reserves will reach $41 billion by the end of 2025.
Russian economy on brink of collapse in 2025 – Ukrainian sanctions envoy
The Russian economy may collapse in 2025 due to the mounting pressure of international sanctions.
United States supports Ukraine in court v. Russia’s Tatneft – justice ministry
The United States Department of Justice has submitted the Statement of Interest before the U.S. District Court for the Southern District of New York in the case PAO Tatneft v. Ukraine, supporting Ukraine’s position on maintaining the moratorium on information disclosure.
Some 967MW of distributed gas generation connected in Ukraine as of Dec 31
As of December 31, 2024, the total capacity of distributed gas generation facilities in Ukraine reached 967 megawatts, with 835 megawatts put into operation during 2024.
31 December 2024
Galushchenko doubts Slovakia will halt electricity exports to Ukraine
Slovakia would face significant financial losses, amounting to hundreds of millions of U.S. dollars annually, if it ceases exporting electricity to Ukraine.
Gazprom reduces gas supplies to EU via Ukraine
Russia's Gazprom announced on Tuesday that it is reducing natural gas supplies to Europe through Ukraine as the current transit contract approaches its expiration.
More than half of state budget spent on defense in 2024 – Shmyhal
More than half of Ukraine's state budget expenditures in 2024 were allocated to defense.
Italy allocates EUR 13M to Ukraine Energy Support Fund
On the instructions of Italian Foreign Minister, Antonio Tajani, Italy has allocated EUR 13 million to the Ukraine Energy Support Fund.
Ukraine’s exports up by 13.4% in 2024 – economy ministry
Ukraine’s exports reached USD 41 billion in 2024, which is 13.4% higher compared to last year.
More than UAH 13B raised via United24 platform this year – Zelensky
More than UAH 13 billion has been raised via the United24 fundraising platform this year.
30 December 2024
Ukraine, Syria discuss trade, logistics for product supply
Ukrainian Agriculture Minister Vitalii Koval met with Syrian Minister of Agriculture and Agrarian Reform Mohammad al-Ahmad during his visit to Syria to explore areas of cooperation in the agricultural sector.
Zelensky extends customs benefits for drone manufacturers
Ukrainian President Volodymyr Zelensky has signed Law No. 12267, amending the Customs Code of Ukraine to extend customs privileges for importing components used in producing drones, ammunition, shells, and other defense equipment.
United States announces $3.4B in direct budget support for Ukraine
The U.S. government has announced the disbursement of $3.4 billion in direct budget support for Ukraine.
Russia spreading fakes about Ukrainian GTS that may indicate preparation of provocations - CCD
The Kremlin's propaganda is actively throwing absurd messages into the information space that Ukraine is preparing to ‘destroy its gas transmission system’ to prevent Russian gas supplies to the EU.
Poland explains how it can technically increase electricity supplies to Ukraine
If Slovakia stops supplying electricity to Ukraine, Poland could increase its imports by redistributing the capacity among other EU countries neighbouring Ukraine.
U.S. to provide Ukraine with USD 15B secured by frozen Russian assets – PM
The United States will provide Ukraine with USD 15 billion secured by future proceeds from frozen Russian assets.
Ukraine’s arable land decreases by 20% since Russia’s full-scale invasion
Since the onset of the full-scale invasion, the area of arable land available for harvest in Ukraine has decreased by 20%.
Government not planning further tax increases in 2025 – finance minister
The Ukrainian Finance Ministry is not planning to introduce further tax increases in 2025.
FM calls for ban on Russian liquefied natural gas imports to EU
Foreign Minister Andrii Sybiha has called on the European Union to ban imports of liquefied natural gas from Russia in order not to finance the criminal Kremlin regime.
29 December 2024
Poland ready to step up electricity exports to Ukraine if Slovakia cuts off power – Bloomberg
Poland is ready to increase its domestic power production and export more electricity to Ukraine if Slovakia cuts off power supplies.
Ukraine exploring alternative options for obtaining electricity following Fico's threats
The Ministry of Energy of Ukraine is exploring alternative options for obtaining electricity from other sources following threats by Slovak Prime Minister Robert Fico to halt electricity supplies.
Power outage schedules to be in effect Monday from 8:00 to 19:00 – Ukrenergo
On Monday, December 30, hourly power outage schedules for households and power limitations for industries will be implemented between 8:00 and 19:00.
Energy workers restore power to nearly 7.5K consumers over past day
On the previous day, energy workers in Ukraine managed to restore electricity for 7,423 consumers who had been cut off due to the ongoing hostilities.