Minister Galushchenko urges French businesses to invest in Ukraine’s energy restoration
It is important for Ukraine to cooperate with French companies in terms of the restoration of its energy sector.
Economy
08 February 2023
Capacity deficit in Ukraine’s power system remains - operator
The available volume of generated electricity is still insufficient to cover full consumption, leading to a capacity deficit, primarily in the evening hours.
Ukraine’s foreign exchange reserves rise to $29.9B as of Feb 1
As of February 1, 2023, Ukraine’s foreign exchange reserves came to $29.921 billion.
07 February 2023
Odesa region may return to scheduled shutdowns on weekend - Ukrenergo
In Odesa and the region, a difficult situation with electricity supply remains in place following an accident at one of the Ukrenergo facilities. However, by the weekend, if there are no new attacks, a return to scheduled blackouts is expected.
06 February 2023
Russia creates obstacles to Black Sea grain initiative – Kyslytsya
At a meeting of the UN Security Council on Monday, Permanent Representative of Ukraine to the United Nations Sergiy Kyslytsya spoke of the humanitarian effects of the war unleashed by Russia against Ukraine, an Ukrinform correspondent reports.
NSDC sanctions list includes 200 Russian nuclear industry enterprises
Ukrainian President Volodymyr Zelensky has endorsed an initiative of the Security Service of Ukraine and enacted a decision of the National Security and Defense Council of Ukraine (NSDC) to impose economic sanctions on Russia’s Rosatom and 199 companies, which are part of this corporation.
Emergency blackouts applied due to colder weather in Kyiv, two other regions
As of the morning of February 6, electricity consumption has increased due to the cold weather, which has caused electricity shortage in the power system, therefore network restrictions remain in place in two regions and the capital city of Kyiv.
05 February 2023
Romanian barge with 860 tonnes of Ukrainian wheat sinks in port of Reni - media
A Romanian barge with tonnes tons of Ukrainian wheat, which was to be exported to the EU, has sunk in the port of Reni on the Danube River in the Odesa region.
Oil embargo, price cap: Russia's losses may reach $125B a year — Klimkin
According to various estimates, Russia's losses due to the introduction of embargoes and oil price caps will reach $75 billion to $125 billion per year.
Shmyhal: Up to 40% of consumers in Odesa still without electricity, situation is difficult
Up to 40% of consumers in Odesa city are still without electricity, emergency shutdowns were imposed, the situation is difficult.
Nearly 50 privatization auctions scheduled for February
Almost 50 auctions are planned to be held in February within the framework of small privatization.
Grain initiative: Ukraine’s agricultural exports drop by 25% compared to previous month
Due to the actions of the Russian side, which blocks ship inspections in the Bosphorus, in January the world received 25% less Ukrainian agricultural products than in December.
04 February 2023
EU agrees on price caps for Russian petroleum products
The EU Council decided on Saturday to set two price caps for petroleum products which originate in or are exported from Russia.
Two large-scale accidents at Odesa substation leave city in blackout
Two major accidents occurred at an Odesa electrical substation within 24 hours, which caused an emergency power shutdown in the regional center and part of the district.
03 February 2023
UAH40B embezzlement case: Ukrtatnafta’s chief accountant charged
The Security Service of Ukraine and the Bureau of Economic Security have pressed charges against another alleged accomplice in the USH40 billion embezzlement scheme masterminded by the former management of PJSC Ukrnafta and PJSC Ukrtatnafta.
02 February 2023
Ukraine, EU conclude memorandum on renewable gas strategic partnership
Ukraine and the European Union concluded a memorandum on renewable gas strategic partnership.
110,000 tonnes of grain already sent under Grain from Ukraine program
As part of the Grain from Ukraine humanitarian initiative, 110,000 tonnes of grain have already been sent.
President von der Leyen announces Ukraine’s accession to several EU economic programs
President of the European Commission Ursula von der Leyen announced Ukraine's accession to several EU programs and a proposal to extend the suspension of import duties on all Ukrainian exports for another year.
Russia causes $600-750B in damages to Ukraine – PM Shmyhal
The total amount of damage and destruction suffered by Ukraine due to Russia’s military aggression is estimated at $600-750 billion as of the beginning of 2023.
Ukraine signs agreement on participation in EU Single Market Programme
Ukraine has signed an agreement with the European Union on participation in the Single Market Programme.
Ukraine needs to expand electricity imports from EU - PM Shmyhal
Prime Minister Denys Shmyhal of Ukraine emphasized the need to discuss with international partners the need to increase electricity imports from EU countries to 2 GW.
Zelensky advocates continued trade liberalization with EU
The practice of liberalizing Ukraine's trade with the European Union has shown its effectiveness and should be continued.
European Commission provides Ukraine with 2,400 additional generators
The European Commission invited Ukraine to the EU Energy Platform and provided 2,400 additional generators.
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.
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.