Economy

U.S. Treasury tells foreign banks helping Russia evade sanctions unacceptable

The U.S. administration has warned foreign banks against assisting Russia in circumventing western sanctions.

Kuleba thanks Borrell for his proposal to provide additional support to Ukraine

Ukrainian Foreign Minister Dmytro Kuleba has met with EU High Representative Josep Borrell.

Ukraine, Moldova to renew FTA agreement

Ukraine and the Republic of Moldova will renew a Free Trade Area (FTA) agreement despite the war.

Minister Marchenko: It will be hard for Ukraine’s economy to sustain a long war

It will be hard for Ukraine’s economy to sustain a long war, and the Ukrainian government greatly relies on financial assistance from abroad.

Ukrainian, Canadian foreign ministers discuss ways to unblock Ukrainian exports

Ukrainian Foreign Minister Dmytro Kuleba and his Canadian counterpart Melanie Joly have discussed ways to unblock Ukrainian food exports.

Ukraine’s MFA slams Russia as its ship moves stolen Ukrainian grain to Syria

A Russian merchant ship loaded with grain stolen in the occupied territories of Ukraine has been spotted in the Syrian port of Latakia.

Ukraine already spends $8.3B on war with Russia – finance minister

Ukraine has been forced to spend UAH 245.1 billion ($8.3 billion) on its war with Russia instead of development.

Ukraine has stocked up on food - minister

Ukraine has stockpiled the necessary food products, but due to the ongoing war and the inability to export Ukrainian agricultural products, issues may arise in a number of countries.

EC to establish ‘Solidarity Lanes’ to help Ukraine with agricultural exports

The European Commission is planning to provide a wider access to the EU market of road and railway transport services for Ukraine to establish ‘Solidarity Lanes’ required for agricultural exports, which were mostly blocked due to the Russian invasion.

EBRD allocates over €53 M to boost food security in Ukraine

The European Bank for Reconstruction and Development (EBRD) issues risk-sharing instruments to selected local banks and a leasing company to a total value of €53.25 million to boost food security in wartime Ukraine.

Parliament passes law to seize assets of Russia’s Sberbank, VEB.RF

The Verkhovna Rada of Ukraine passed a law approving the decision of the National Security and Defense Council to seize the assets of Sberbank of Russia and VEB.RF in Ukraine.

EU to disburse second €600 M tranche in macro-financial assistance to Ukraine by May 20

The European Union will disburse the second tranche of emergency macro-financial assistance to Ukraine to the tune of 600 million euros by May 20.

Le Drian calls for support to Ukraine’s agricultural sector, nations most affected by war

French Foreign Minister Jean-Yves Le Drian calls for food solidarity to support Ukraine and the countries most affected by the ongoing war. He also notes that the EU seeks to avoid a global food crisis with the help of the FARM initiative.

Government changing structure of fuel imports to Ukraine

Ukraine is changing the routes of fuel supplies, increasing the volume transported by road, rail and river.

EBRD to exit stakes in Russian companies as quickly as possible

The European Bank for Reconstruction and Development (EBRD) is working to exit its stakes in Russian companies as quickly as possible.

Ukraine warns other countries against buying Ukrainian grain stolen by Russia

The Ukrainian Foreign Ministry categorically condemns Russia's actions in disposing of grain that was illegally seized from Ukrainian farmers in temporarily captured territories.

Russia blocking 300 cargo ships in Black Sea - U.S.

As part of the invasion of Ukraine, Russia has blocked about 300 cargo ships in the Black Sea that cannot export grain and other food for export from Ukraine.

Ukraine’s war losses amount to at least $90B - Forbes

Ukraine's physical and economic losses as a result of the ongoing war unleashed by Russia are believed to start at $90 billion. Ukraine's infrastructure and real estate have been hit hardest by Russia's invasion, with at least $64 billion worth of damage.

GTSOU says Russia steals gas within temporarily occupied territories

Gas Transmission System Operator of Ukraine (GTSOU) LLC has disclosed the new details of Russia’s halt in gas transit operations via the Sokhranivka gas measuring station in Luhansk Region.

World Bank to disburse $200M a month for salaries to Ukrainian budget-sector employees

The World Bank will disburse an average of $200 million a month for salaries to Ukrainian civil servants and teachers. A total of $1.5 billion will be allocated for this purpose.

Ukraine cannot ensure safety of gas transit operations via Russian-occupied territories – Naftogaz

Ukraine is no longer responsible for gas transit operations via the Russian-occupied territories, and Russia’s Gazprom has been duly notified of this.

PM Shmyhal: All Russian assets in Ukraine’s territory become state property

The Cabinet of Ministers of Ukraine has adopted a document according to which Russian assets in the territory of Ukraine become the state property, being transferred to the State Enterprise "National Investment Fund".

EU can reach agreement on Russian oil embargo within one week

French Secretary of State for European Affairs Clément Beaune says the European Union could reach an agreement on a Russian oil embargo, which is currently being blocked by Hungary, "within a week."

Ukraine may significantly increase fuel imports via Poland

As part of the Polish-Ukrainian Energy Forum, Ukrainian and Polish government officials, business representatives, logistics enterprises and companies managing fuel infrastructure have developed practical solutions to overcome Ukraine’s fuel market crisis.

U.S. temporarily suspends 232 tariffs on Ukrainian steel

The U.S. Department of Commerce has announced the temporary suspension of 232 tariffs on Ukrainian steel imports for a year in a bid to bolster Ukraine's steel industry, which accounts for a significant share of the national economy.

PM Shmyhal: Ukraine loses $170M every day due to blocked ports

Ukrainian Prime Minister Denys Shmyhal and President of the European Council Charles Michel have checked the current situation at Odesa Sea Port and coordinated joint steps to resolve the issue of Ukraine’s agricultural exports.

PM Shmyhal: Ukraine loses $170M every day due to blocked ports

Ukrainian Prime Minister Denys Shmyhal and President of the European Council Charles Michel have checked the current situation at Odesa Sea Port and coordinated joint steps to resolve the issue of Ukraine’s agricultural exports.

The relevant statement was made by the Government portal, an Ukrinform correspondent reports.

PM Shmyhal: Ukraine loses $170M every day due to blocked ports

Ukrainian Prime Minister Denys Shmyhal and President of the European Council Charles Michel have checked the current situation at Odesa Sea Port and coordinated joint steps to resolve the issue of Ukraine’s agricultural exports.

Minister Solskyi: Ukraine’s planted crop areas are 20-30% behind last year’s results

Despite an active sowing campaign, Ukraine’s planted crop areas are 20-30% behind last year’s results.