No capacity deficit in Ukraine’s power system, all types of power plants operating - Ukrenergo
As of 10:30 on February 28, there has been no deficit in Ukraine's power system, and it is currently not forecast.
Economy
Energoatom: Zaporizhzhia NPP standing idle since Sept 2022
Zaporizhzhia Nuclear Power Plant (NPP), which was seized by Russian invaders in March 2022, has been standing idle since September 2022. A total of 4,500 Ukrainian workers are remaining at the plant, where 11,000 people used to work in peacetime.
Belgium freezes Russian assets worth EUR 58B
The Ministry of Finance of the Kingdom of Belgium has frozen Russian assets worth EUR 58 billion, which is the highest sum among other EU countries.
27 February 2023
U.S. Treasury secretary expects "increasing toll on Russia’s economic trajectory over time"
While the Russian economy has not yet buckled under the wide array of sanctions from the United States and other Western nations, U.S. Treasury Secretary Janet Yellen said Monday she expects it to grow weaker over time as the country loses foreign investment and runs through its reserves and rainy-day funds.
U.S. sees long-term cooperation with Ukraine based on international donor platform - Treasury Secretary
The United States seeks to focus on the long-term perspective of economic cooperation with Ukraine and intends to build such cooperation based on an international donor platform.
U.S. transfers first tranche worth over $1.2B in direct budget support to Ukraine
The U.S. government transferred the first tranche worth $1.2 billion of direct budget support to Ukraine.
U.S. to allocate over $10B to Ukraine by September to cover budget deficit - Shmyhal
The United States will allocate more than $10 billion to Ukraine by September 2023 to cover the budget deficit.
Zelensky meets with U.S. Treasury Secretary
President of Ukraine Volodymyr Zelensky has met with U.S. Treasury Secretary Janet Yellen, who is on a visit to Ukraine.
Kamyshin resigns as Ukrzaliznytsia head
Chairman of the Board of JSC Ukrzaliznytsia Oleksandr Kamyshin has stated he is leaving the post.
International aid allows Ukraine’s energy system to stand against Russian attacks – Galushchenko
The aid provided by international partners to Ukraine’s energy sector has allowed the Ukrainian energy system to stand against Russian attacks and stabilize performance.
PepsiCo, Agrofusion resume production in Mykolaiv region
The factories of PepsiCo and Agrofusion are resuming production operations in the Mykolaiv region.
Ukraine’s grain production cut by 37% in 2022 – UCAB
In 2022, the production output of grain crops in Ukraine reduced by 37% to 53.9 million compared to 2021.
NBU sells more than $605M on interbank foreign exchange market
The National Bank of Ukraine (NBU) sold USD 605.24 million on the interbank foreign exchange market last week.
Farmers expected to sow as many areas as last year during spring campaign – Agrarian Policy Ministry
During the 2023 spring sowing campaign, Ukrainian farmers are expected to sow at least as many areas as last year.
Konstantin Vasyuk, Executive Director of IT Ukraine Association
More than 80% of relocated IT companies plan to return from abroad
EU expands, extends sanctions against Belarus for another year
The European Union has expanded the list of Belarus individuals and entities subject to EU restrictive measures in connection with Russia’s aggression against Ukraine and oppression of democratic freedoms and human rights in the Republic.
In MY2022/2023, Ukraine exports almost 31.8M t of cereals, legumes
According to the State Customs Service, in the current marketing year (July 2022 to February 27, 2023), Ukraine exported 31.78 million tonnes of cereals and legumes.
Kazakhstan shuts trade representation in Russia
The Government of Kazakhstan decided to liquidate the country’s trade representative office in Russia.
U.S. Energy Secretary “amazed” at pace of infrastructure restoration in Ukraine following Russian strikes
Washington is amazed at how quickly Ukrainian experts restore power grids damaged by Russian missile and drone strikes.
Billionaire Ackman donates $3.25M for ambulances in Ukraine - Reuters
Billionaire hedge fund manager Bill Ackman has pledged $3.25 million to help buy more than a dozen ambulances for Ukraine as it defends itself against Russia's invasion.
26 February 2023
Ukraine, Saudi Arabia deepen cooperation in investment, energy sectors – Yermak
Ukraine and the Kingdom of Saudi Arabia have agreed to deepen cooperation in the investment and energy sectors. The parties also discussed Saudi Arabia’s involvement in the ‘grain initiative’, support for the Ukrainian Peace Formula and counteracting Russia’s attacks by Iranian drones.
Ukrenergo: Electricity consumption reduced compared to Saturday
The consumption of electricity across Ukraine has reduced compared to Saturday, and there is currently no capacity deficit in the energy system.
Energy ministry: Ukraine may export carbon-free electricity, green hydrogen
Ukraine has good prospects for exporting not only carbon-free electricity but also green or low-carbon hydrogen.
Dutch foreign minister says country no longer depends on Russian gas
Russia’s full-scale invasion of Ukraine has forced the Netherlands to realize the malign nature of being dependent on Russia in terms of gas imports.
Russia suspends oil supplies to Poland via Druzhba pipeline
The supply of oil from the Russian Federation to Poland through the Druzhba trunk pipeline has been stopped.
25 February 2023
Ukraine's energy minister hopes power consumption limits will no longer be needed
The situation with electricity supply in Ukraine has improved significantly, so there could be no power outages any longer.
Most G20 nations condemn Russia's war in Ukraine
Finance ministers of the world's largest economies strongly condemned Moscow for its war on Ukraine on Saturday, with only China and Russia itself declining to sign a joint statement.
Ukrgazvydobuvannya receives more than 62 tonnes of equipment from Sweden
This week, the Ministry of Energy sent JSC "Ukrgazvydobuvannya", Ukraine’s largest gas producer, a batch of powerful generators and electric accumulators with a total weight of more than 62 tonnes. This energy equipment is another assistance package from Swedish partners to the energy sector of Ukraine.
Ministry of Energy: Ukraine may launch green or low-carbon hydrogen exports
Ukraine has good prospects of becoming an exporter not only of carbon-free electricity but also of green or low-carbon hydrogen.