Economy

23 February 2023

Russia already spent 35% of annual defense budget - expert

Russia already spent 35% of annual defense budget - expert

Over the first two months of 2023, Russia has spent almost half of its annual defense budget so, in order to continue the war against Ukraine, will be forced to cut funding for social programs, which is seen as an undesirable step on the eve of the 2024 elections.

22 February 2023

Yermak hopes Black Sea Grain Initiative will be extended

Yermak hopes Black Sea Grain Initiative will be extended

Andriy Yermak, the head of the Office of the President of Ukraine, has said that the Initiative on the Safe Transportation of Grain and Foodstuffs from Ukrainian ports is an important project for the country and the whole world and expressed hope that it would be extended.

21 February 2023

IMF confirms unwavering support for Ukraine

IMF confirms unwavering support for Ukraine

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva praised the stability of the Ukrainian economy amid Russia’s full-scale invasion and assured Ukraine of the Fund's firm support in the future.

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