Shmyhal invites International Finance Corporation to help rebuild Ukrainian cities
Ukrainian Prime Minister Denys Shmyhal has invited the International Finance Corporation to join the reconstruction of Ukrainian cities.
Economy
22 April 2022
U.S. to provide $500M in additional direct financial assistance to Ukraine – Finance Ministry
The United States will provide Ukraine with additional direct financial aid in the amount of $500 million.
Alfred Kammer, Director for the European Department at the IMF
Russia’s war in Ukraine will have a severe economic impact on Europe
World Bank says Ukraine sustained physical damage worth $60B so far
Physical damage to Ukraine's buildings and infrastructure from Russia's invasion has reached roughly $60 billion and will rise further as the war continues.
Ukrainian PM, US Secretary of Commerce discuss strengthening of sanctions against Russia
As part of his working visit to Washington, Ukrainian Prime Minister Denys Shmyhal met with US Secretary of Commerce Gina Raimondo to discuss the development of bilateral trade, reduction of trade barriers and sanctions against Russia.
400 enterprises evacuated from combat zone, 190 start working - Hetmantsev
As of April 22, 400 enterprise have been relocated from the combat zone under the evacuation program, 190 of them have already started work.
Minister Marchenko: UK to provide $500M in loan guarantees to Ukraine
The United Kingdom will provide $500 million in loan guarantees to Ukraine.
Ukraine’s rebuilding will cost at least $600B – PM Shmyhal
In the longer term, Ukraine’s rebuilding and restoration will cost at least $600 billion.
President Zelensky: Ukraine’s liberation from Russian invaders is the only way to stop the food crisis
Ukrainian President Volodymyr Zelensky believes the only secure way to stop the development of the food crisis is to put an end to the war and liberate Ukraine’s territory from Russian invaders.
21 April 2022
PM Shmyhal, U.S. Treasury Secretary discuss weapons, finances, sanctions
Prime Minister of Ukraine Denys Shmyhal discussed increasing financial support for Ukraine and stepping up sanctions pressure on Russia with U.S. Treasury Secretary Janet Yellen.
Biden announces $500M in direct economic aid to Ukraine
U.S. President Joe Biden has stated that the U.S. government intends to allocate an additional $500 million to support Ukraine's economy during the war, as well as to provide social benefits.
UK introduces 26 new sanctions against Russia
The Government of the United Kingdom has added 26 new designations to its list of sanctions against Russia over its invasion of Ukraine.
Russia turns Zaporizhzhia NPP’s site into military base – Energoatom
Russia has turned the site of Zaporizhzhia Nuclear Power Plant (NPP) into a military base, making the personnel work under the pressure of the Russian military.
Finance minister Marchenko: Frozen Russian assets can be used as reparations for Ukraine
Ukraine hopes that reparations to restore its infrastructure after the war will be paid, including at the expense of the assets of the Russian Federation frozen abroad.
G7 finance ministers pledge more than $24B in aid to Ukraine
G7 finance ministers pledged additional support to Ukraine exceeding $24 billion for 2022 and beyond, adding that they were prepared to do more as needed.
Ukraine lobbies for gas shipment shift from Nord Stream 1 to Ukraine's pipeline
Ukraine tries to convince Western allies to shift part of Russia's shipments of natural gas from the Nord Stream 1 pipeline to Ukraine's pipeline.
20 April 2022
Germany to give up Russian oil by year end - Baerbock
Germany wants to end imports of Russian energy resources in the shortest possible time and already has a clear plan to cut off coal and oil imports from Russia.
World Bank and IMF chiefs to discuss Ukraine’s rebuilding phase with Shmyhal, Marchenko
On April 21, 2022, World Bank President David Malpass and International Monetary Fund (IMF) Managing Director Kristalina Georgieva will meet with Ukrainian Prime Minister Denys Shmyhal and Ukrainian Finance Minister Serhii Marchenko to discuss further financial aid.
UK pledges £400M in aid to Ukraine, guarantees $1B in World Bank lending
UK has pledged almost £400 million in aid to Ukraine and will provide £220 million of humanitarian assistance to support countries receiving Ukrainian refugees.
19 April 2022
Government records positive dynamics of economic recovery compared to March
The Cabinet of Ministers is recording positive dynamics of Ukraine’s economic recovery compared to March.
IMF cuts global growth outlook over Russian invasion: Ukraine to lose up to 35% of GDP in 2022
The International Monetary Fund has downgraded its forecast for global economic growth to 3.6% for 2022-2023, predicting a “steep contraction” in Ukraine's GDP, largely due to the effects of Russia's war.
Kubrakov: Russians damaged 30% of Ukraine's infrastructure worth $100B
Russia's invasion has damaged or destroyed up to 30% of Ukraine's infrastructure at a cost of $100 billion. The reconstruction could be achieved in two years using frozen Russian assets to help finance it.
NBU changes account details for transferring funds to support Armed Forces of Ukraine
The National Bank of Ukraine changed account details for transferring funds in U.S. dollars (USD) to support the Armed Forces of Ukraine and for humanitarian assistance.
France doesn’t need Russian gas, supports energy embargo - Macron
French President Emmanuel Macron says t France doesn’t need Russian gas and will continue to push for sanctions on Russian gas supplies.
Third of Ukrainian fields unfit for sowing due to war - UN
A third of Ukrainian agricultural fields will not be used to sow wheat and other crops as a result of hostilities.
18 April 2022
Free roaming and payment space with EU: Shmyhal briefs on integration progress
Ukraine continues to work towards integrating into the European Union, particularly in the free roaming network and free payment space.
Ukraine to receive $500M in financial assistance from international partners – PM Shmyhal
Ukraine will receive $500 million in financial assistance from international partners.
Sixth package of EU sanctions targeting Russia must include oil embargo
The next package of sanctions that the European Union is set to impose on Russia must lay down an embargo on Russian oil.
Continued economic support from partners important to Ukraine - IMF
Continued economic support by Ukraine's partners is very important for rebuilding Ukraine.