Oil embargo, price cap: Russia's losses may reach $125B a year — Klimkin
According to various estimates, Russia's losses due to the introduction of embargoes and oil price caps will reach $75 billion to $125 billion per year.
Economy
Shmyhal: Up to 40% of consumers in Odesa still without electricity, situation is difficult
Up to 40% of consumers in Odesa city are still without electricity, emergency shutdowns were imposed, the situation is difficult.
Nearly 50 privatization auctions scheduled for February
Almost 50 auctions are planned to be held in February within the framework of small privatization.
Grain initiative: Ukraine’s agricultural exports drop by 25% compared to previous month
Due to the actions of the Russian side, which blocks ship inspections in the Bosphorus, in January the world received 25% less Ukrainian agricultural products than in December.
04 February 2023
EU agrees on price caps for Russian petroleum products
The EU Council decided on Saturday to set two price caps for petroleum products which originate in or are exported from Russia.
Two large-scale accidents at Odesa substation leave city in blackout
Two major accidents occurred at an Odesa electrical substation within 24 hours, which caused an emergency power shutdown in the regional center and part of the district.
03 February 2023
UAH40B embezzlement case: Ukrtatnafta’s chief accountant charged
The Security Service of Ukraine and the Bureau of Economic Security have pressed charges against another alleged accomplice in the USH40 billion embezzlement scheme masterminded by the former management of PJSC Ukrnafta and PJSC Ukrtatnafta.
02 February 2023
Ukraine, EU conclude memorandum on renewable gas strategic partnership
Ukraine and the European Union concluded a memorandum on renewable gas strategic partnership.
110,000 tonnes of grain already sent under Grain from Ukraine program
As part of the Grain from Ukraine humanitarian initiative, 110,000 tonnes of grain have already been sent.
President von der Leyen announces Ukraine’s accession to several EU economic programs
President of the European Commission Ursula von der Leyen announced Ukraine's accession to several EU programs and a proposal to extend the suspension of import duties on all Ukrainian exports for another year.
Russia causes $600-750B in damages to Ukraine – PM Shmyhal
The total amount of damage and destruction suffered by Ukraine due to Russia’s military aggression is estimated at $600-750 billion as of the beginning of 2023.
Ukraine signs agreement on participation in EU Single Market Programme
Ukraine has signed an agreement with the European Union on participation in the Single Market Programme.
Ukraine needs to expand electricity imports from EU - PM Shmyhal
Prime Minister Denys Shmyhal of Ukraine emphasized the need to discuss with international partners the need to increase electricity imports from EU countries to 2 GW.
Zelensky advocates continued trade liberalization with EU
The practice of liberalizing Ukraine's trade with the European Union has shown its effectiveness and should be continued.
European Commission provides Ukraine with 2,400 additional generators
The European Commission invited Ukraine to the EU Energy Platform and provided 2,400 additional generators.
Shmyhal: One-third of Ukraine's economy is gone
Prime Minister of Ukraine Denys Shmyhal estimates the country's economic downturn at more than 30% for the previous year and expects growth of 0.3% this year.
01 February 2023
Ukraine–Austria memoranda on energy and environmental protection signed
Several memoranda of understanding in the fields of energy and environmental protection were signed in the presence of President of Ukraine Volodymyr Zelensky and President of the Republic of Austria Alexander Van der Bellen in Kyiv.
Ministry of Finance: Ukraine's need for international financing is $3B per month
Ukraine’s need for international financing in 2023 remains significant and amounts to about $3 billion per month.
Zelensky calls on Austrian businesses to leave Russia and enter Ukraine
President of Ukraine Volodymyr Zelensky has emphasized the need to strengthen sanctions against Russia and noted that some Austrian businesses continue to work in the Russian Federation.
Ukraine has enough energy resources to complete heating season - Galushchenko
As of February 1, 2023, Ukraine has enough energy resources to complete the current heating season.
Government appoints acting heads of State Customs Service, Food Safety Service
The Cabinet of Ministers appointed Serhiy Zviagintsev as acting head of the State Customs Service, and Olha Shevchenko as acting head of the State Service on Food Safety and Consumer Protection.
SBI issues notice of suspicion to ex-energy minister Nasalyk
Ukraine's State Bureau of Investigation (SBI) has issued a notice of suspicion to former Ukrainian Energy and Coal Industry Minister Ihor Nasalyk.
Austria to transfer another EUR 5M to Ukraine Energy Support Fund
Austria will allocate another five million euros to the Ukraine Energy Support Fund to help restore the country's energy infrastructure damaged by Russian drone and missile attacks.
Japan allocates $170M to restore Ukraine's infrastructure
The Government of Japan allocates $170 million for the implementation of emergency recovery projects, including the reconstruction of Ukraine's critical infrastructure.
31 January 2023
U.S. corporation to allocate $250M to support Ukrainian business – PM Shmyhal
The U.S. International Development Finance Corporation (DFC) will allocate $250 million to support Ukrainian small and medium-sized businesses in 2023.
Shmyhal outlines five Ukraine’s reconstruction priorities
Speaking at the Luxembourg-Ukraine Business Forum "Rapid Recovery of Ukraine", Prime Minister Denys Shmyhal outlined five rapid reconstruction priorities.
Despite sanctions, Russia increases microchip imports in 2022 - media
Last year, the Russian Federation significantly increased the import of microchips, exceeding the pre-war level.
Electricity consumption keeps growing in Ukraine due to cold weather
As of 11:00 on January 31, electricity consumption continues to increase due to lower air temperatures, while the power system still experiences a significant deficit in generating capacity.
30 January 2023
Exports of foodstuffs from Odesa ports decreased by third over past week
Exports of foodstuffs from Odesa ports through the "grain corridor" decreased by a third over the past week due to sabotage by the Russian side.