Aggressor has already caused Ukraine total losses of $1T - Ustenko
The total value of direct and indirect losses inflicted by the aggressor on Ukraine has already reached about $1 trillion, which is equal to the country's five annual state budgets.
Economy
EU suspends all duties on imports from Ukraine for one year
The Council of the European Union adopted a regulation allowing for temporary trade liberalisation and other trade concessions with regard to certain Ukrainian products. This means that for one year import duties on all Ukrainian exports to the European Union will not be due.
European Union to set up special financial platform for reconstruction of Ukraine
The European Union together with Ukraine will create a financial platform of reconstruction that will help Ukraine rebuild critical infrastructure after devastating Russia's aggression and pave the way for a European future through key economic, legal, and social reforms.
Record amount of Russian oil stuck at sea due to sanctions - media
About 62 million barrels of Russia's flagship Urals crude oil, a record amount, are sitting in vessels at sea.
Russians forcing Kherson farmers to sell vegetables to occupied Crimea at dumped prices
In the temporarily occupied parts of Kherson region, farmers are being forced to sell their vegetables to Crimea at prices significantly lower than the market.
FM Kuleba urges countries not to buy Ukrainian grain stolen by Russia
Ukraine’s Foreign Minister Dmytro Kuleba has called on all nations to reject Russia's proposals to buy cereals stolen in Ukraine.
Satellite images show Russian ships loaded with Ukrainian grain in Crimea
The satellite images provided by Maxar Technologies have spotted the Russian ships being loaded with Ukrainian grain at the temporarily occupied Crimean port of Sevastopol.
23 May 2022
“Banking tourism”: Ukraine explains how Russians circumvent sanctions through Belarus
To dodge international sanctions, Russian nationals travel to Belarus, where they are issued Visa and MasterCard bank cards.
EU assistance to Ukraine since war-start reaches EUR 4.5B
Since the start of a full-scale Russian invasion of Ukraine, the European Union has provided a total of EUR 4.5 billion in financial support to Ukraine.
Five Ukroboronprom’s enterprises seized by Russian invaders
Five enterprises, which are part of Ukroboronprom State Concern, have been seized by Russian invaders. Personnel documents were either destroyed or made inaccessible.
President: Corridor for Ukrainian grain and oil exports should be set up
President of Ukraine Volodymyr Zelensky considers unblocking Ukrainian ports a strategic issue as Russia's blockade could lead to grain and oil shortage around the globe.
WEF President roots for Marshall Plan for Ukraine
President of the World Economic Forum Borge Brende has urged the international community to adopt a Marshall Plan for Ukraine.
Zelensky to speak at Davos forum
Ukrainian President Volodymyr Zelensky will address participants in the World Economic Forum’s Annual Meeting 2022.
22 May 2022
Duda: Unblocking Odesa port very important for global food security
President of Poland Andrzej Duda considers that it is very important for global food security to unblock the port in Odesa so that Ukraine will be able to export food to countries that need it.
Moody's downgrades Ukraine's ratings, expects gradual economic recovery from 2023
Moody's has downgraded the Government of Ukraine's foreign and domestic currency long-term issuer ratings and foreign currency senior unsecured debt ratings to Caa3 from Caa2.
Ukraine will remain in grain market under all circumstances - Kachka
Ukraine will remain in the grain market under all circumstances, including through efforts to simplify logistics between Ukraine and the EU.
21 May 2022
Sanctions severe logistical chains in Russia, transport minister acknowledges
Russia’s Transport Minister Vitaly Savelyev says western sanctions have led to serious problems with logistics across Russia.
Hryvnia rate to stabilize in next 10 days - expert
Normalization of the cash exchange rate after the National Bank removed rate caps is expected within 10 days. In the near future, the hryvnia rate will be at UAH 34-36 to the U.S. dollar.
Two alternative routes set up for Ukraine’s agri exports - Kuleba
Together with partners, Ukraine has established two alternative land routes for shipping agricultural products, but Russia has to cease its blockade of the Black Sea to allow “full and free export.”
Ukraine freezes more than UAH 30B in Russia’s and Belarus’ assets
The total value of assets of Russia and Belarus frozen by the Bureau of Economic Security of Ukraine (BESU) exceeds UAH 30 billion.
PM Shmyhal: Ukraine hopes to get another €9B from EU in coming months
In the coming months, Ukraine is to receive another €9 billion in aid from the European Union.
20 May 2022
Canada to provide CAD 250M in additional support to Ukraine
Canada will provide CAD 250 million (about $210 million) in additional support to Ukraine through the International Monetary Fund.
Ukrainian, Chadian foreign ministers agree to jointly counter food crisis
Foreign Ministers Dmytro Kuleba of Ukraine and Cherif Mahamat Zene of Chad have agreed to work to counter the food crisis caused by Russia's blockade of Ukrainian seaports.
NBU lifting cap off cash forex rate for banks
As of May 21, the National Bank will lift restrictions on setting the exchange rate at which banks can sell cash foreign currency to clients.
War to shrink Ukraine’s economy at least by a third - National Bank
The National Bank of Ukraine estimates the war-related economic contraction by at least a third compared to pre-war levels.
Ukraine received $5.6B from international partners since Russian invasion started – NBU
Ukraine has received $5.6 billion from international partners since the Russian invasion started.
G7 countries mobilized $19.8B in economic support to Ukraine
The G7 Finance Ministers and Central Bank Governors, as well as the representatives of the International Monetary Fund (IMF), World Bank Group, Organisation for Economic Cooperation and Development (OECD), and Financial Stability Board (FSB) have announced the mobilization of $19.8 billion in economic support to Ukraine.
Shmyhal thanks EU for EUR 600M tranche
Ukrainian Prime Minister Denys Shmyhal has thanked the European Union for a EUR 600 million tranche.
EU transfers EUR 600M to Ukraine – von der Leyen
The European Union has disbursed a new tranche of EUR 600 million to Ukraine and is working on a procedure to provide an additional EUR 9 billion loan by the end of this year.