First tranche of UK loan to be disbursed to Ukraine next week
The first tranche of the £2.26 billion loan (approximately $3 billion) under the UK-Ukraine bilateral agreement signed on Saturday, March 1, will be disbursed to Ukraine next week.
Economy
01 March 2025
Ukraine, UK sign GBP 2.26B loan agreement
Ukraine and the United Kingdom have signed an emergency loan agreement worth GBP 2.26 billion (approximately $3 billion) to fund the procurement of defense materials.
Energy workers restore power supply to nearly 27K consumers across Ukraine
On February 28, energy workers restored electricity supply to 26,590 consumers who had been cut off due to the ongoing hostilities.
Businesses in Ukraine to face blackouts on Saturday - operator
On Saturday, March 1, power supply restrictions will be introduced for industry and businesses across Ukraine.
HACC recovers assets of Russia’s Tatneft in favor of Ukraine
The High Anti-Corruption Court of Ukraine (HACC) has sustained a claim filed by the Ukrainian Justice Ministry and recovered in favor of the state the assets of TATNEFT named after V.D. Shashin PJSC.
28 February 2025
Ukraine, IMF agree on seventh review of EFF program – PM Shmyhal
Ukraine and the International Monetary Fund (IMF) have reached a staff-level agreement on the seventh review of the Extended Fund Facility (EFF) program. The next tranche of the program, amounting to $15.5 billion, will be received after approval of the review by the IMF's Executive Board.
Energoatom, Westinghouse agree to jointly work on completion of Khmelnytskyi NPP units
Energoatom National Nuclear Energy Generating Company of Ukraine and the U.S. company Westinghouse have agreed to jointly work on enhancing the safety of power unit 3 and power unit 4 at Khmelnytskyi Nuclear Power Plant (NPP) and adjusting fuel for them.
Supreme Court confirms PrivatBank’s legal nationalization
The Supreme Court of Ukraine has ultimately confirmed the impossibility of returning the state-owned bank, PrivatBank, to its former owners by dismissing the cassation appeal of Ihor Kolomoiskyi.
27 February 2025
The cost of Ukraine’s recovery and reconstruction is preliminary estimated to exceed half a trillion US dollars
Ukraine will need $570 billion to recover in the aftermath of Russia’s war aggression
Ukraine’s grain, oilseed exports up to $11B since July 2024
Between July 2024 and January 2025, Ukraine’s grain and oilseed exports reached USD 11 billion, which is USD 1.3 billion higher compared to the same period last season.
26 February 2025
Government approves signing of U.S.-Ukraine deal on minerals – PM Shmyhal
The Cabinet of Ministers has approved the signing of an agreement between Ukraine and the United States to establish a Reconstruction Investment Fund.
Future Baykar plant employees from Ukraine already training in Turkey
In Turkey, Baykar is already training future employees of a drone manufacturing plant being built in Ukraine. Machinery and equipment have already been ordered for the Ukrainian company.
Norway to fund Naftogaz Group for gas purchases
The Naftogaz Group will receive funding from Norway for gas purchases, with the funds being provided through the European Bank for Reconstruction and Development (EBRD).
Ukraine allocates UAH 131B for security and defense in Jan 2025
In January 2025, Ukraine allocated UAH 131 billion from the state budget for the security and defense sector.
25 February 2025
Financial, military, humanitarian aid: Shmyhal reveals how much Ukraine expects from partners this year
Ukrainian Prime Minister Denys Shmyhal has said that this year, Ukraine will receive various types of assistance totaling EUR 8 billion from the European Union, Norway, and Spain, and an additional $10.6 billion from the United Kingdom and Canada. Furthermore, Finland, Sweden, Denmark, Iceland, and the Baltic States will also contribute to Ukraine's resilience.
World Bank says Ukraine's agricultural sector suffered $11.2B in direct war-related losses
According to World Bank experts, Ukraine's agricultural sector has suffered direct losses amounting to $11.2 billion due to the full-scale invasion.
Power supply restrictions in Odesa region due to Russian attacks
Power supply restrictions have been put in place following Russian attacks on energy infrastructure in the Odesa region.
NBU updates list of critical payment infrastructure entities in Ukraine
While performing an oversight based on the monitoring activity results in 2024, the National Bank of Ukraine (NBU) has determined a list of critical payment infrastructure entities in Ukraine.
Three-quarters of Ukrainian businesses continue full operation despite war – EBA survey
Among the member companies of the European Business Association (EBA), 75% are operating at full capacity, and the great majority of entities are not planning to wind down operations even amid ongoing hostilities.
24 February 2025
Ukraine to receive EUR 3.5B from EU in March - von der Leyen
Ukraine will receive EUR 3.5 billion from the EU in March 2025, according to European Commission President Ursula von der Leyen.
Finland provides EUR 4.5M to support Ukraine
Finland supports the second phase (2025–2027) of the Partnership Fund for a Resilient Ukraine (PFRU) with a total of EUR 4.5 million.
23 February 2025
Critical materials worth $350B located in occupied Ukrainian territories – Svyrydenko
Critical materials worth approximately $350 billion are located in the temporarily occupied territories of Ukraine, a significant portion of which could be used by Russia in aviation, defense, and medical industries.
PM Shmyhal outlines five key areas of focus for Ukrainian government
To endure the upcoming fourth year of Russia's full-scale invasion of Ukraine, it is essential to maintain unity within Ukrainian society and consolidate international partners around the country, according to Prime Minister Denys Shmyhal.
Ukraine received $115B in direct budget support from partners over past three years – Svyrydenko
Over the three years of the full-scale war, Ukraine has received $115 billion in direct budget support from international partners, including $30 billion from the United States.
22 February 2025
Lublin Triangle Business Forum to be held in Warsaw in March
On March 14, Warsaw will host an economic forum in the format of the Lublin Triangle (Ukraine, Poland, and Lithuania). It will be preceded by a meeting of the Intergovernmental Commission on Economic Cooperation between Ukraine and Poland on March 13.
NBU timely fulfils structural benchmarks under IMF program – Pyshnyy
The National Bank of Ukraine (NBU) has timely fulfilled structural benchmarks under the Extended Fund Facility (EFF) Arrangement with the International Monetary Fund (IMF).
First Ukrainian edtech company joins global IT fund Endeavor
Ukrainian education startup Headway has joined the Endeavor IT community, which includes global brands such as Glovo, Amazon, LinkedIn, and others.
21 February 2025
Sybiha discusses nuclear security with IAEA Director General
During a conversation with IAEA Director General Rafael Grossi, Foreign Minister Andrii Sybiha has stressed that a strong international reaction is crucial to stop Russia's nuclear blackmail.
Government earmarks almost UAH 8B more for drone purchases
The Cabinet of Ministers of Ukraine has approved a decision to allocate another UAH 7.9 billion for drones to be purchased by the State Service for Special Communications and Information Protection.