Shmyhal: One-third of Ukraine's economy is gone
Prime Minister of Ukraine Denys Shmyhal estimates the country's economic downturn at more than 30% for the previous year and expects growth of 0.3% this year.
Economy
01 February 2023
Ukraine–Austria memoranda on energy and environmental protection signed
Several memoranda of understanding in the fields of energy and environmental protection were signed in the presence of President of Ukraine Volodymyr Zelensky and President of the Republic of Austria Alexander Van der Bellen in Kyiv.
Ministry of Finance: Ukraine's need for international financing is $3B per month
Ukraine’s need for international financing in 2023 remains significant and amounts to about $3 billion per month.
Zelensky calls on Austrian businesses to leave Russia and enter Ukraine
President of Ukraine Volodymyr Zelensky has emphasized the need to strengthen sanctions against Russia and noted that some Austrian businesses continue to work in the Russian Federation.
Ukraine has enough energy resources to complete heating season - Galushchenko
As of February 1, 2023, Ukraine has enough energy resources to complete the current heating season.
Government appoints acting heads of State Customs Service, Food Safety Service
The Cabinet of Ministers appointed Serhiy Zviagintsev as acting head of the State Customs Service, and Olha Shevchenko as acting head of the State Service on Food Safety and Consumer Protection.
SBI issues notice of suspicion to ex-energy minister Nasalyk
Ukraine's State Bureau of Investigation (SBI) has issued a notice of suspicion to former Ukrainian Energy and Coal Industry Minister Ihor Nasalyk.
Austria to transfer another EUR 5M to Ukraine Energy Support Fund
Austria will allocate another five million euros to the Ukraine Energy Support Fund to help restore the country's energy infrastructure damaged by Russian drone and missile attacks.
Japan allocates $170M to restore Ukraine's infrastructure
The Government of Japan allocates $170 million for the implementation of emergency recovery projects, including the reconstruction of Ukraine's critical infrastructure.
31 January 2023
U.S. corporation to allocate $250M to support Ukrainian business – PM Shmyhal
The U.S. International Development Finance Corporation (DFC) will allocate $250 million to support Ukrainian small and medium-sized businesses in 2023.
Shmyhal outlines five Ukraine’s reconstruction priorities
Speaking at the Luxembourg-Ukraine Business Forum "Rapid Recovery of Ukraine", Prime Minister Denys Shmyhal outlined five rapid reconstruction priorities.
Despite sanctions, Russia increases microchip imports in 2022 - media
Last year, the Russian Federation significantly increased the import of microchips, exceeding the pre-war level.
Electricity consumption keeps growing in Ukraine due to cold weather
As of 11:00 on January 31, electricity consumption continues to increase due to lower air temperatures, while the power system still experiences a significant deficit in generating capacity.
30 January 2023
Exports of foodstuffs from Odesa ports decreased by third over past week
Exports of foodstuffs from Odesa ports through the "grain corridor" decreased by a third over the past week due to sabotage by the Russian side.
Ukraine invites Kuwait to participate in Grain from Ukraine program
On January 30, 2023, Special Representative of Ukraine for the Middle East and Africa Maksym Subkh in a phone call with Deputy Minister of Foreign Affairs of Kuwait Mansour Al-Otaibi called on Kuwait to join the Grain from Ukraine program.
Zelensky: It's time to expand ‘grain initiative’ to ports of Mykolaiv region
President of Ukraine Volodymyr Zelensky has proposed that the Black Sea Grain Initiative be expanded to the ports of Mykolaiv region.
Iran, Russia link banking systems amid Western sanctions
Iran and Russia have connected their interbank communication and transfer systems to boost trade and financial transactions in the wake of Western sanctions imposed against both nations.
EU will consider ways to support Ukraine’s agricultural sector
On January 30, the EU Agriculture and Fisheries Council in Brussels will, among other issues, reaffirm solidarity with Ukraine and consider further ways to support its agricultural sector.
G7, EU ambassadors expect Ukraine to resume e-declaration, anti-corruption program
The ambassadors of the Group of Seven and the European Union expect Ukraine to resume electronic declaration and approve the State Anti-Corruption Program.
29 January 2023
Ukraine proposes creating mechanism for auditing US aid for recovery projects
Ukraine has proposed creating a mechanism for auditing the aid provided by the United States for recovery projects, together with the U.S. Government Accountability Office.
NATO allies should shift to “war economy” - military committee chief
In the wake of Russia’s unprovoked aggression toward Ukraine, NATO member states should move to the “war economy” in peacetime.
Generation deficit in power system remains “significant” amid repair at TPP unit - Ukrenergo
The deficit in the energy system of Ukraine is still significant as one of the power units at an unspecified thermal power plant is currently under repair due to technical reasons.
28 January 2023
Zelensky approves sanctions against companies, individuals involved in transportation of Russian soldiers, equipment
Ukrainian President Volodymyr Zelensky has signed a decree implementing the decision by the National Security and Defense Council of Ukraine on the introduction of sanctions against legal entities and individuals that Russia is using to transport military equipment and soldiers by rail.
Ukrainian Defense Ministry signs 16 contracts with domestic UAV manufacturers
The Ukrainian Defense Ministry has concluded 16 contracts with Ukrainian manufacturers of unmanned aerial vehicles, with about UAH 20 billion to be spent on this segment this year.
27 January 2023
Shmyhal: Five high-voltage substations damaged during Russia’s latest massive attack
During the 13th large-scale attack on energy facilities, enemy missiles hit five high-voltage substations in the central, southern, and southwestern regions.
War-related direct losses of Ukrainian businesses reach $13B - research
Due to the Russian full-scale invasion, at least 109 large and medium-sized Ukrainian enterprises of various forms of ownership suffered direct losses, estimated at a total of $13 billion.
Bulker carrying 16,000 t of Ukrainian grain passes inspection in Istanbul
As the Joint Coordination Center in Istanbul continues its work within the framework of the Black Sea Grain Initiative, a bulk carrier with 16,000 tonnes of Ukrainian wheat on board, bound for Afghanistan, passed the relevant inspection earlier today.
26 January 2023
EU announces launch of Donor Coordination Platform to support Ukraine's recovery
The European Union announced the launch of the Multi-agency Donor Coordination Platform to support Ukraine's repair, recovery and reconstruction after the destruction caused by Russian aggression.
Ukraine has exported 2.4M tonnes of grain in January
This month, Ukraine has exported 2.4 million tonnes of grain through the grain corridor.