DM Umerov: Ukraine ready for joint weapons production with EU partners
Defense Minister Rustem Umerov has called on EU defense ministers to prioritize procurement in the Ukrainian defense industry.
Economy
Ukraine receives USD 10B under IMF’s Extended Fund Facility
Ukraine has already received approximately USD 10.1 billion out of the USD 15.5 billion allocated under the International Monetary Fund's Extended Fund Facility (EFF) Arrangement.
Over 800,000 t of grain shipped via Chornomorsk Port since early 2025
Almost two-thirds of the freight volumes handled by Chornomorsk Commercial Sea Port since early 2025 were grain exports.
IMF mission begins work in Ukraine
An International Monetary Fund (IMF) mission has begun discussions in Kyiv with Ukrainian officials as part of the eighth review of the Extended Fund Facility (EFF) Arrangement.
Italian envoy, NBU Governor discuss Ukraine’s macrofinancial stability
Ambassador Extraordinary and Plenipotentiary of the Italian Republic to Ukraine Carlo Formosa and National Bank of Ukraine (NBU) Governor Andriy Pyshnyy have discussed the country’s macrofinancial stability ahead of the Ukraine Recovery Conference in Rome.
19 May 2025
'Land Bank': 18 auctions held, over UAH 5M raised over past week
Over the past week, 18 online auctions for the sublease of state-owned land were held through the Prozorro.Sale system under the "Land Bank" program, generating UAH 5.2 million (+ UAH 1 million in VAT).
17 May 2025
Buy Ukrainian Products initiative presented in Sweden
As part of a working visit to Sweden, Ukrainian Agrarian Policy and Food Minister Vitalii Koval presented the Buy Ukrainian Products initiative, which aims to support domestic agricultural producers.
16 May 2025
Ihor Fedirko, executive director, Ukrainian Council of Arms Manufacturers
Simplified product codification procedure will facilitate a boom on the armaments market
Businesses’ old external loan debts hit about $21B – NBU Governor
As of April 1, 2025, the old external loan debts of Ukrainian enterprises reached about USD 21 billion, of which USD 14 billion is the principal amount and over USD 7 billion is interest.
Galushchenko discusses bilateral energy cooperation with European counterparts
Ukrainian Energy Minister German Galushchenko held a series of bilateral meetings with European sectoral ministers in Warsaw.
15 May 2025
Russia leads in sanctions count, but more needed - Presidential Envoy
Currently, the Russian Federation has the most sanctions in the world compared to other countries.
April marks record low in Russian oil export revenues – sanctions commissioner Vlasiuk
In terms of oil export revenues, April of this year was a record low for Russia.
14 May 2025
EU adds 189 more vessels from Russia’s 'shadow fleet' to sanctions list - von der Leyen
President of the European Commission Ursula von der Leyen welcomed the approval of further sanctions against Russia, emphasizing that the EU will continue to put pressure on the Kremlin to end the war.
Ukrainian, Spanish armored vehicle manufacturers sign memorandum of cooperation
JSC Research and Production Association Practika and Spanish company Tecnova S.L. have agreed to collaborate on the production of specialized military equipment.
Parliament backs amendments to Budget Code with regard to minerals deal
The Verkhovna Rada has endorsed in principle draft bill No. 13256 ‘On Amendments to the Budget Code of Ukraine on Implementing the Agreement between the Government of Ukraine and the Government of the United States’.
13 May 2025
Ukraine signs two additional agreements on launch of Reconstruction Investment Fund
Ukraine's Ministry of Economy has signed two additional agreements that will govern the launch of the U.S.-Ukraine Reconstruction Investment Fund.
Ukraine completes domestic procedures to launch US-Ukraine Reconstruction Investment Fund
Ukraine's First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko, has handed an official note to U.S. Charge d'Affaires a.i. Julie Davis, confirming that Ukraine has completed its internal procedures for the launch of the U.S.-Ukraine Reconstruction Investment Fund.
Shmyhal meets with IFC Vice President to discuss support for Ukraine
Prime Minister of Ukraine Denys Shmyhal met with Alfonso Garcia Mora, Regional Vice President of the International Finance Corporation (IFC), to discuss ongoing cooperation in the energy and housing sectors.
EBRD lowers Ukraine's economic growth forecast for 2025 from 3.5% to 3.3%
The European Bank for Reconstruction and Development (EBRD) has revised its forecast for Ukraine's GDP growth in 2025, lowering it from 3.5% to 3.3%.
Minister Smetanin: Ukraine’s defense industry potential expands to $35B in 2024
Last year, Ukraine’s defense production potential increased from USD 12 billion to USD 35 billion. Now, more than 30% of weapons and ammunition used by Ukraine’s Defense Forces against the Russian aggressor are domestically produced.
12 May 2025
Ukraine and EU defense industry integration - Memorandum signed in Brussels
The Ministry of Strategic Industries of Ukraine and Aerospace, Security and Defence Industries Association of Europe (ASD) signed a Memorandum of Understanding on defense industry cooperation.
11 May 2025
Humanitarian ship carrying Ukrainian grain arrives in Türkiye
A humanitarian ship carrying 20,000 tons of Ukrainian grain has arrived in Türkiye as part of the United Nations World Food Programme (WFP) initiative to support crisis-affected regions, particularly Syria.
10 May 2025
Smetanin, Kubilius discuss importance of independent satellite communications
Ukrainian Strategic Industries Minister Herman Smetanin and European Commissioner for Defence and Space Andrius Kubilius have discussed the mutual integration of the defense industries of the European Union and Ukraine.
09 May 2025
EU allocates EUR 1B from windfall profits on Russian assets to support Ukraine's defense industry – Umerov
The European Commission has signed an agreement with the governments of several EU member states to allocate EUR 1 billion from windfall profits generated by frozen Russian assets to bolster Ukraine's defense industry.
New blow to Russia's “shadow fleet”: British PM to announce sanctions against 100 oil tankers
British Prime Minister Keir Starmer is set to announce the largest ever sanctions package targeting Russia's “shadow fleet” - oil tankers that the Kremlin uses to evade restrictions on oil trade.
Minerals deal ratified: Economy ministry expects extra documents to be signed next week
The minerals deal between Ukraine and the United States, which has recently been ratified by the Verkhovna Rada, greenlights the remaining agreements, and the Ukrainian Economy Ministry expects to endorse them next week.
08 May 2025
Russia sees increase in smuggling rates – Ukraine intelligence
In Russia, since 2022, smuggling volumes have been growing annually by an average of 25-30%.
Ukraine receives another EUR 1B from EU under ERA program
Ukraine has received EUR 1 billion from the European Union, secured through profits generated from frozen Russian assets, as part of the Extraordinary Revenue Acceleration (ERA) program.
Ukraine’s international reserves reach $46.7B as of May 1
As of May 1, 2025, Ukraine’s international reserves came to USD 46.68 billion, having increased by 10.2% in April 2025.