Government approves privatization terms of Konotop-based enterprise seized from Russian senator
The Cabinet of Ministers of Ukraine has endorsed the terms of sale of the state-owned share in Motordetal-Konotop LLC.
Economy
13 December 2024
Ukraine’s government extends ban on import from Russia into 2025
The Cabinet of Ministers of Ukraine has extended the ban on the import of goods from Russia until December 31, 2025.
Ukraine’s PM details expectation of international financial assistance next year
In addition to $20 billion from the U.S., Ukraine expects to receive up to $20 billion from the EU, $3.7 billion from Canada, and $3 billion each from the UK and Japan, which will ensure financial stability in the country throughout 2025.
Government spent 455 B on equipment and other needs of military this year - PM
In 10 months of 2024, the government spent UAH 229 billion on the purchase of equipment, weapons and UAH 226 billion on the purchase of goods to meet the needs of the Armed Forces of Ukraine.
Five out of Ukraine’s nine nuclear reactors reduce power output due to Russian attack – IAEA
Due to a massive Russian missile attack on December 13, five out of nine operating nuclear reactors in Ukraine had to reduce their power output.
Compensation for assets seized in Crimea: Russia loses cassation appeal versus Naftogaz in Dutch court
The Supreme Court of the Netherlands has dismissed the cassation appeal of the Russian Federation to overturn the Partial Award of the Permanent Court of Arbitration in The Hague regarding compensation for damages caused by the illegal expropriation of Naftogaz Group’s assets in the temporarily occupied Crimea.
Power cuts in Ukraine expected from 6:00 to 21:00 - grid operator
On Friday, December 13, the hourly power outage schedules for households and power restrictions for industrial consumers will be in effect starting 06:00.
IAEA to remain at Zaporizhzhia NPP despite clear intention to intimidate observers - Grossi
The IAEA mission at the Russian-occupied Zaporizhzhia NPP will continue its work despite a drone attack on the agency's mission vehicle, which was aimed at intimidating the mission's observers.
European Commission assures of continued support for Ukraine’s energy sector
The European Commission will continue to provide all necessary support to Ukraine’s energy sector throughout winter and beyond.
Ukraine Energy Support Fund accumulates over EUR 900M
The Ukraine Energy Support Fund has already raised over EUR 900 million in contributions from donors.
NBU expects inflation to slow down in 2025
Next year Ukraine’s price dynamics is likely to slow down following the supply of the new harvest and the improved situation in the energy sector.
Ukraine’s GDP up by 4% over 11 months – economy ministry
In January-November 2024, Ukraine’s gross domestic product (GDP) increased by 4% compared to the same period last year. Last month Ukraine’s economy grew by 0.9% in annual terms.
12 December 2024
IMF to decide on next tranche for Ukraine on Dec 20
The Executive Board of the International Monetary Fund will meet next Friday, December 20, to consider the results of the Sixth Review of the Extended Fund Facility and allocate the next loan tranche for Ukraine.
IAEA Board of Governors condemns attacks on Ukraine's energy infrastructure, makes no mention of Russia
The 35-nation IAEA Board of Governors adopted a resolution on Thursday condemning attacks on Ukraine's energy infrastructure but stopped short of calling out Russia as the perpetrator of the attacks.
Galushchenko, Grossi talk new IAEA mission to electrical substations
Ukrainian Energy Minister German Galushchenko and IAEA Director General Rafael Mariano Grossi met during an extraordinary meeting of the IAEA Board of Governors.
Pressure on Russia must be increased: Energy Minister briefs IAEA on consequences of Russian strikes
Ukrainian Energy Minister German Galushchenko called on IAEA member states to increase pressure on Russia in order to stop the aggressor's attacks on infrastructure critical to nuclear safety.
FDI volume expected to reach $5B this year - Ukraine’s Vice PM
The volume of foreign direct investment (FDI) in Ukraine last year amounted to $4.2 billion, while this year the Government expects it to rise by 20%.
New European Commissioner seeks to sever all energy ties with Russia
New European Commissioner for Energy Dan Jørgensen sees as his top priority to draw up a plan that would ultimately break all "energy links" between the European Union and Russia.
Ukrainian economy demonstrating remarkable resilience - Austrian expert
The Ukrainian economy continues to demonstrate remarkable resilience, but continued support from international partners remains essential.
Ukraine’s SkyUp launching scheduled flights from Chișinău next spring
From April 2025, Ukraine’s SkyUp Airlines will launch scheduled flights from Chișinău Airport.
Ukrainian manufacturers to get UAH 348M in grants for development
The next phase of the "Made in Ukraine" grant program for processing enterprises has selected its winners, with 75 companies receiving a total of UAH 348.1 million in funding.
11 December 2024
Shmyhal names seven promising areas for cooperation between Ukraine and EU
European countries can gain strategic benefits in key sectors, including energy and defense, from cooperation with Ukraine.
Ukraine, Poland agree on procedure for returning seized funds
Ukraine and Poland have agreed on practical mechanisms for enforcing court decisions in both countries to facilitate the return of unlawfully withdrawn and seized funds to Ukraine.
Scholz calls on German businesses to invest more in Ukraine
Germany firmly supports Ukraine not only through military assistance but also through economic aid. However, private investment is essential to complement state efforts.
7th German-Ukrainian Business Forum kicks off in Berlin
The VII German-Ukrainian Business Forum with the participation of the heads of government of both countries has started in Berlin.
Relocated businesses pay UAH 9.2M in taxes in Kirovohrad region over nine months
In January-September 2024, relocated businesses transferred UAH 9.2 million worth of tax payments to various-level budgets in the Kirovohrad region.
U.S. considering tougher sanctions on Russian energy resources – Bloomberg
The administration of U.S. President Joe Biden is exploring the possibility of significantly stricter sanctions on Russian oil before Donald Trump’s inauguration.
State budget to receive additional UAH 5.2B from agricultural sector next year – minister
The state budget will receive an additional UAH 5.2 billion from the agricultural sector in 2025.
Ukraine, Estonia to develop digital partnership
Ukrainian Deputy Prime Minister for Innovation, Education, Science and Technology Development - Digital Transformation Minister Mykhailo Fedorov and Estonian Prime Minister Kristen Michal have discussed further cooperation in developing a digital state.