Ukraine’s customs reform scheduled for 2023
In 2023, the Cabinet of Ministers of Ukraine is planning to carry out customs reform that will include six steps.
Economy
PM Shmyhal: Government expects to implement tax reform after war
Ukraine is holding talks with the International Monetary Fund (IMF) regarding the work on tax reform, which is expected to improve the investment climate.
EU outlines details of 10th package of sanctions against Russia
The tenth package of sanctions against Russia, which has recently been adopted by the European Union, provides for the strengthening of control over import-export operations, namely export bans on critical technology and industrial goods.
Ukraine has more than UAH 150B to restore housing, critical infrastructure - Shmyhal
Ukraine currently has more than UAH 150 billion for the reconstruction of housing and critical infrastructure.
PM Shmyhal outlines details of macro-financial assistance from partners
The EU announced an $18 billion macro-financial aid package to Ukraine, and the USA will provide our country with up to $10 billion by September. In addition, there are many aid agreements with other countries.
World Bank announces $2.5B in additional financing for Ukraine
The World Bank announced $2.5 billion in additional grant financing for Ukraine.
Shmyhal: Government to look for ways and opportunities to expand support for agricultural sector
The Government will look for new ways and opportunities to expand support for the Ukrainian agro-industrial complex and improve agricultural logistics.
Government endorses industrial park development strategy until 2030
The Cabinet of Ministers of Ukraine has endorsed the Strategy for the Development of Industrial Parks for 2023-2030, which will contribute to the creation of an attractive investment environment and the sustainable development of national economy.
United States disbursing $9.9B in additional budgetary support to Ukraine
This week, as a result of the bipartisan support of Congress, the United States began disbursing $9.9 billion in additional budgetary support to the Government of Ukraine.
EU approves 10th package of sanctions against Russia
The European Union has approved the tenth package of sanctions against Russia due to its brutal and illegal invasion of Ukraine.
24 February 2023
State Service for Geology announces first auctions for 2023
The Ukrainian State Service for Geology and Mineral Resources has offered 12 mineral deposit sites for auction at the total starting price of UAH 13.785 million in 2023.
U.S. announces another package of Russia sanctions
Targeting Russia’s key sectors, evasion efforts, and military supplies, the U.S. Treasury has expanded and intensified sanctions against Russia.
Reconstruction main task for post-war period - PM Shmyhal
Without waiting for the war to end, Ukraine continues to work on the reconstruction of energy, housing, critical, and social infrastructure.
Rada adopts bill on transparency in defense procurement
The Verkhovna Rada on Friday passed a law aimed at ensuring a transparent and open defense procurement process. This will help the public monitor budget spending in the defense sector.
FATF suspends Russia's membership
The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, has decided to suspend Russia's membership of the organization.
EU probing rising exports of sanctioned goods toward Russia's neighbors
The European Union is set to investigate growing exports to countries that are Russia's neighbors, believing that this way, suppliers may be circumventing Western sanctions.
Ukraine awaiting FATF's decision on blacklisting Russia - NBU governor
On the anniversary of Russia’s full-scale invasion, the Financial Action Task Force, FATF, is holding a plenary meeting. Therefore, today Ukraine is waiting for the historic decision of the member states on expelling Russia from the organization and putting it on the "black list."
Ukraine’s defense industry can reduce Russian geopolitical influence - expert
Russia’s arms sales remain a critical component of its economy. With the West’s help, Ukraine could work to displace Moscow in key markets, thus weakening its global influence.
Donetsk region’s manufacturing industry shut down, most mines standing idle
In the Donetsk region, the manufacturing industry has shut down so far. Most coal mining enterprises are standing idle.
Ukraine plans to avoid gas imports in 2023 – Naftogaz CEO Chernyshov
In 2023, the management of Naftogaz of Ukraine NJSC is planning to implement an ambitious plan and avoid natural gas imports by ramping up domestic production in order to meet the country’s needs, even amid the Russian invasion.
23 February 2023
Yermak announces sanctions forum in Kyiv
Head of the President’s Office Andriy Yermak has announced a sanctions forum in Kyiv.
Zelensky discusses opening food hubs in Africa with President of Egypt
President Volodymyr Zelensky discussed the issue of food security with President of Egypt Abdel Fattah El-Sisi.
Spain to contribute EUR 4.4M to Grain from Ukraine initiative
Spain will allocate EUR 4.4 million to the Grain from Ukraine initiative together with the World Food Program.
G7 to allocate $39B in economic support to Ukraine this year
The Group of Seven (G7) nations have increased their commitment of financial support to Ukraine in 2023 to $39 billion.
Finance Ministry to discuss full-fledged IMF program in coming weeks
Ukraine expects to start discussing in the coming weeks a full-fledged financial program with the support of the International Monetary Fund.
Russia already spent 35% of annual defense budget - expert
Over the first two months of 2023, Russia has spent almost half of its annual defense budget so, in order to continue the war against Ukraine, will be forced to cut funding for social programs, which is seen as an undesirable step on the eve of the 2024 elections.
War risk insurance mechanisms needed to attract investment - First Deputy PM
Ukraine seeks to attract private investment in the economy even before the war ends, and to this end it is necessary to introduce comprehensive war risk insurance for both foreign and domestic entrepreneurs.
UK extends tariff relief for Ukraine until early 2024
The Government of the United Kingdom extends temporary liberalisation of all tariffs for imports from Ukraine until early 2024.
NACP puts Auсhan on list of international sponsors of war
The National Agency on Corruption Prevention of Ukraine (NACP) put Auchan French retail group on the list of international sponsors of war.