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.
Economy
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.
Waste processing plant starts operating in Zhytomyr
In Zhytomyr, the first phase of the waste processing plant started operating.
Shmyhal calls on regional governors to draw up recovery projects as soon as possible
Ukrainian Prime Minister Denys Shmyhal has called on the heads of regional military administrations to draft regional recovery projects as quickly as possible.
G7 to contribute to IMF’s financial assistance to Ukraine - Bloomberg
The Group of Seven nations plan to resolve by the end of March the issue of supporting Ukraine with the funds of the International Monetary Fund.
War-related damage to Ukraine environment estimated at UAH1.9T
Since the outset of the full-scale war, UAH 1.9 trillion worth of damage was inflicted on the environment across Ukraine.
Ukraine delivers 22M t of food to 43 countries through sea exports - Zelensky
Thanks to sea exports from Ukraine, 43 countries have received more than 22 million tonnes of food products from Ukraine.
22 February 2023
Yermak hopes Black Sea Grain Initiative will be extended
Andriy Yermak, the head of the Office of the President of Ukraine, has said that the Initiative on the Safe Transportation of Grain and Foodstuffs from Ukrainian ports is an important project for the country and the whole world and expressed hope that it would be extended.
Ukrgasvydobuvannya gets equipment from top US gas producer
Ukraine's gas producer Ukrgasvydobuvannya has received equipment from EQT Corporation, a leading U.S. natural gas producer, for the restoration of the damaged oil and gas production infrastructure.
Ukraine needs extra $10B in financing this year – finance minister
Ukraine needs an additional $10 billion in financing to cover its budget needs in 2023 and to start the reconstruction of the economy.