IAEA director general to visit Ukraine and Russia next week
Director General Rafael Mariano Grossi of the International Atomic Energy Agency (IAEA) will pay visits to Ukraine and Russia next week.
Economy
Ukrainian startups raise EUR 3.5M under grant programme to develop innovations
More than EUR 3.5 million in innovation development grants have been attracted by 117 Ukrainian startups, from bionic prosthetics manufacturers to AI platforms.
29 May 2025
Shmyhal names Ukraine’s most promising sectors for U.S. investment
During a meeting with representatives of the American Chamber of Commerce, Prime Minister Denys Shmyhal emphasized that Ukraine’s defense industry and military-tech sector are the most promising areas for U.S. investment.
Ukraine, IMF reach staff-level agreement on $500M tranche – Shmyhal
Ukraine and the International Monetary Fund (IMF) have reached a staff-level agreement on the eighth review of the Extended Fund Facility (EFF) Arrangement, which will provide Ukraine with a tranche of approximately $500 million.
Rail freight volumes in Russia falling – CCD
Russia is experiencing a decline in rail freight transportation volumes.
28 May 2025
Zelensky and Merz discuss joint weapons production with German business leaders
President Volodymyr Zelensky and German Chancellor Friedrich Merz met with representatives of German business to discuss cooperation with Ukraine.
Ukraine sends note to IAEA over Russia’s intention to connect Zaporizhzhia NPP to its power grid
The Permanent Mission of Ukraine to the International Organizations in Vienna has sent a verbal note to the Secretariat of the International Atomic Energy Agency (IAEA), condemning Russia’s obvious intentions to connect the temporarily occupied Zaporizhzhia Nuclear Power Plant (NPP) to the Russian power grid and arbitrarily resume its operation.
Ukraine, Sweden to expand cooperation in agriculture, food sector
Ukrainian Agrarian Policy and Food Minister Vitalii Koval and Swedish Rural Affairs Minister Peter Kullgren have signed a Memorandum of Cooperation in agriculture, fisheries, food industry and irrigation.
Ukraine unlocks new gas route to import up to 1 bcm per annum from Greece
The National Energy and Utilities Regulatory Commission (NEURC) has approved the implementation of a joint product for gas import capacity reservation via the Trans-Balkan corridor, allowing the country to import about 1 billion cubic meters of gas per annum from Greece.
27 May 2025
Russians constructing power line in occupied territories of Ukraine to restart ZNPP – Greenpeace
A power transmission line is being constructed in the temporarily Russian-occupied territory of Zaporizhzhia and Donetsk regions, potentially enabling the restart of the seized Zaporizhzhia Nuclear Power Plant (NPP).
Ukraine’s public debt nears $180 billion - April borrowing figures
Ukraine’s public and government-guaranteed debt increased by UAH 357.12 billion in April 2025, reaching a total of UAH 7,480.33 billion ($179.97 billion).
26 May 2025
Ukraine, World Bank move closer to launching grant component of RISE program
Representatives of Ukraine's Economy Ministry and a World Bank mission have reviewed key areas of economic development, including the implementation of the balanced entrepreneurship initiative.
Ukraine seeking partnership with EU, not trade privileges – Agrarian Minister
Ukraine poses no threat to European farmers and is not asking for trade privileges, but is seeking an equal partnership with the European Union.
Russian envoy Dmitriev seeking to shield $280B in frozen assets – Ukrainian intelligence
Kirill Dmitriev, Russia's special representative for economic cooperation with foreign countries, is working to protect frozen Russian assets from being targeted.
Ukrainian foreign minister, Azerbaijani economy minister discuss investment, energy cooperation
Ukrainian Foreign Minister Andrii Sybiha and Azerbaijani Economy Minister Mikayil Jabbarov met in Baku to discuss trade, investment, and energy cooperation, with a focus on strengthening Europe's energy independence.
Ukrainians paid UAH 4.3B in real estate tax this year
Between January and April 2025, real estate owners in Ukraine paid UAH 4.32 billion in taxes on real estate other than land plot.
24 May 2025
Minerals deal: U.S.-Ukraine Reconstruction Investment Fund officially launched
Ukrainian First Deputy Prime Minister, Economy Minister Yuliia Svyrydenko has received a diplomatic note from Chargé d’Affaires a.i. at the U.S. Embassy in Ukraine Julie S. Davis, confirming the completion of internal procedures for the establishment of the U.S.-Ukraine Reconstruction Investment Fund.
Ukraine, EU committed to finding balanced trade solution by late July
Even though the European Commission has approved the transitional measures coming into effect from June 6, 2025, Ukraine and the European Union have the political will to reach an agreement on balanced trade conditions by the end of July 2025.
EU plans to boost private investment in Ukraine’s economy
Ukraine and the European Union are working to expand and develop new financial mechanisms aimed at attracting more private capital for the country’s recovery.
23 May 2025
Marchenko, IMF Managing Director discuss support for Ukraine
Minister of Finance of Ukraine Sergii Marchenko discussed with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva priority reforms to strengthen Ukraine's financial stability.
Ukraine may decide on additional taxation of banks even this year – economist
Given the high level of profitability of the domestic banking system, the state may decide on imposing an additional profit tax on banks at an increased rate even this year.
Russian sovereign assets to stay frozen until Ukraine compensated – G7
Russia's sovereign assets will remain frozen until it halts its aggression against Ukraine and compensates for the damages caused.
Three more plants preparing to start biomethane production in Ukraine – expert
Another three plants are preparing to start biomethane production in Ukraine.
22 May 2025
IAEA reports drone attack on training center at Zaporizhzhia Nuclear Power Plant
Experts from the International Atomic Energy Agency (IAEA) stationed at the Zaporizhzhia Nuclear Power Plant (ZNPP) have reported that an unidentified drone hit the roof of the plant's training center. The Russian-installed administration is not allowing the IAEA access to inspect the building.
USPA outlines work of Ukrainian sea ports amid extremely high risks
Despite increased shelling, challenging logistics and reduced production volumes, Ukrainian sea ports handled 6 million tonnes of goods in April 2025.
Ukraine aims to establish partnership with Dutch arms manufacturers
Ukrainian Defense Industry JSC (UDI) is interested in establishing partnership with Dutch weapons producers.
21 May 2025
Ukraine urges EU to engage in dialogue to find solution to joint trade
Ukraine has expressed understanding of the EU countries' position on protecting their farmers but emphasized the need for open dialogue and a long-term solution that also considers the interests of Ukrainian agricultural producers.
Ukroboronprom agrees on ammunition deliveries from NATO supplier
One of enterprises, which are part of Ukrainian Defense Industry JSC (UDI), has signed a Memorandum of Cooperation with KNDS Belgium SA, known as a supplier of NATO.
20 May 2025
EU imposes sanctions over Russia's destabilizing actions abroad, Medvedchuk among those listed
On Tuesday, May 20, the EU Council imposed sanctions on 21 individuals and six entities in response to Russia's destabilizing activities abroad.