Biomethane in Ukraine: Expert comments on when production, domestic market can be launched
The biomethane plants built in Ukraine are not operated commercially, as there is no customs procedure for produced gas exports.
Economy
Ukraine needs another $9.5B for priority recovery needs – Finance Ministry
Ukraine needs another $9.5 billion to finance priority recovery needs, according to the Ministry of Finance.
16 February 2024
EBRD may invest up to EUR 15 billion in Ukraine over five years
Since the beginning of Russia's full-scale invasion of Ukraine, the European Bank for Reconstruction and Development (EBRD) has invested 3.8 billion euros in Ukraine's economy. Over the next five years, the EBRD may invest between 7.5 and 15 billion euros in Ukraine.
For future of Ukraine, it is important to return refugees and reintegrate veterans - Pritzker
For the further economic development of Ukraine, it is extremely important to create conditions for refugees to return home, as well as to ensure the reintegration of veterans into social life and business.
Thirty-eight Ukrainian companies present organic food products at BIOFACH trade fair
The world’s largest trade fair for organic food, BIOFACH 2024, has opened in Germany’s Nuremberg with two pavilions representing Ukraine. A total of 38 companies are displaying the potential of Ukraine’s organic food sector.
Galushchenko, Granholm discuss cooperation in nuclear industry between Ukraine, USA
Ukrainian Energy Minister German Galushchenko and United States Secretary of Energy Jennifer Granholm have discussed cooperation in the nuclear industry between the two countries.
PM Shmyhal believes seizure of frozen Russian assets must start this year
The main resource for Ukraine’s recovery should be the confiscation of frozen Russian assets.
15 February 2024
Zelensky meets with Entrepreneurship Support Council representatives
President Volodymyr Zelensky has met with representatives of the Council for Entrepreneurship Support.
Losses from war amount to nearly $500B: Shmyhal names most affected economic sectors
Russia's armed aggression has affected Ukraine's commercial, industrial, agricultural, energy and transportation sectors the most. These sectors require significant funds for recovery.
Ukrainian drivers start protest at border with Poland
Ukrainian drivers have started a protest at the Yahodyn-Dorohusk checkpoint in response to Polish farmers obstructing truck traffic.
Poland has not yet decided on construction of oil pipeline from Ukraine to Gdansk
Poland has not yet made a decision on the possible construction of a pipeline for the transportation of edible oil from Yahodyn, Volyn region of Ukraine, to the port of Gdansk.
IMF’s UCDF approves initial workplan with $27.5M in financing
As part of the Inaugural Meeting, the Steering Committee of the Ukraine Capacity Development Fund (UCDF) has approved an initial workplan with $27.5 million in financing to support the implementation of economic reform programs by Ukrainian authorities under the International Monetary Fund’s coordination.
Trade turnover reached USD 8.5 billion in January, with Ukraine's largest exports going to Poland, Spain and China
Ukraine's trade turnover in January 2024 was USD 8.5 billion. This is 7% more than in the same period in 2023.
Finance Ministry places domestic government bonds for more than UAH 5.4B
On February 13, 2024, Ukraine’s Ministry of Finance raised UAH 5.448 billion to the state budget at an auction for the placement of domestic government bonds.
14 February 2024
Banks were charged record UAH 73.5 billion in income taxes last year
In 2023, banks were charged UAH 73.5 billion in income tax, which is ten times more than in 2022.
Ambassador Zvarych: Polish farmers have no reason to escalate protests at border
Polish farmers have no reason to escalate their protest on the border with Ukraine, as the whole of Europe is already hearing their demands and looking for ways to solve the problem.
Ukraine urges FATF to blacklist Russia
The Ukrainian Finance Ministry and the Ukrainian State Financial Monitoring Service are calling on the Financial Action Task Force (FATF) to blacklist Russia.
Ukrzaliznytsia holds meeting with G7 Ambassadors
Ukrzaliznytsia JSC Management Board Chairman Yevhen Liashchenko has met with the Ambassadors of the Group of Seven (G7), presenting the achievements of Ukraine’s railway industry in 2023 and outlining the plans for 2024.
Economy ministry: Ukraine’s GDP rises by 3.5% in Jan 2024
In January 2024, Ukraine’s gross domestic product (GDP) growth rate came to 3.5% [±1%] compared to the same period last year thanks to the growing investment demand and expanding logistics capabilities.
Ukrainian Danube Shipping Company builds another SLG barge
Ukrainian Danube Shipping Company has built another large-capacity SLG barge, using old lighter vessels (small 40-meter barges). The first SLG barge was set afloat in late 2023.
Brink: 736 ships have already passed through Black Sea Humanitarian Corridor
As many as 736 ships carrying almost 23 million tonnes of cargo have now passed through the Black Sea Humanitarian Corridor.
13 February 2024
Zelensky, Shmyhal thank U.S. Senate for passing bill on Ukraine aid
Ukrainian President Volodymyr Zelensky and Ukrainian Prime Minister Denys Shmyhal have expressed gratitude to the United States Senate for passing a bill on $61 billion aid package for Ukraine.
Polish farmers have blocked movement of trucks near checkpoint "Korczowa - Krakovets"
Polish farmers have initiated a blockade near the checkpoint "Korczowa," opposite the Ukrainian checkpoint "Krakovets."
Polish prosecutor's office starts investigation into spilled Ukrainian grain
The District Prosecutor's Office in the Polish city of Chelm in the Lublin Voivodeship has started an investigation into the spillage of grain that Ukrainian trucks were carrying in Dorohusk.
Ukraine, Nasdaq sign memorandum to strengthen economy, capital markets
The Ukrainian Economy Ministry and Nasdaq, a leading global technology company, have signed a Memorandum of Understanding to strengthen Ukraine’s economy and capital markets.
Austria announces possible termination of gas contract with Russia
The Austrian state should study and implement all options for terminating the "bonded" gas supply contract between the Austrian oil and gas company OMV and Russian Gazprom.
Ukrnafta preparing to drill three exploratory wells in western Ukraine
Ukrnafta PJSC has started preparations to drill three exploratory wells in western Ukraine, having the total projected production rate of about 80 tonnes per day.
12 February 2024
U.S. offers to auction off Russian oligarch's seized yacht - media
The U.S. government said it is spending more than $7 million a year to maintain a superyacht seized from a sanctioned Russian oligarch, and called on a judge to let it auction the vessel before an ownership dispute is resolved.
U.S. in talks with partners on Russia’s frozen assets - State Dept
The United States welcomes the decision of the EU Council regarding the freezing of Russian assets and continues to work with allies and partners to force the Russian Federation to pay for the damages it has caused to Ukraine as a result of the war.