Russia’s manufacturing industry suffers from record-breaking labor shortage – Yermak
Russia’s manufacturing industry is suffering from a record-breaking labor shortage.
Economy
06 August 2023
Germany provides $1.55B in financial assistance to Ukraine since Russian invasion started
The German Federal Government has provided $1.55 billion in financial assistance to Ukraine since Russia’s full-scale invasion started, mostly through grants.
05 August 2023
EU to provide Polish farmers with €176M in support
The European Commission (EC) has approved a EUR 176 million program to support Polish companies in the face of Russia's war against Ukraine.
PM: Ukraine spends 100% of taxes on army needs
Ukraine spends 100% of taxes paid by businesses and citizens to meet the needs of the Security and Defense Forces.
Global food prices rise after Russia's withdrawal from Black Sea grain deal
Global food commodity prices rose in July, influenced by the termination of the Black Sea Grain Initiative and new trade restrictions on rice.
04 August 2023
Ukrainian food exports are key factor in stability of food markets – Zelensky
Ukrainian food exports are a key factor in the stability of food markets. Hence, together with partners, Ukraine is working to guarantee food security.
Abundant harvest in Zhytomyr region without export opportunities
Zhytomyr region's farmers have grown a good harvest during Russia's war and hope to sell it, including for export.
Bountiful harvest in Zhytomyr region with no sales market
Having grown a good harvest during Russia's war, the villagers hope to sell it, including for export.
Government allocates UAH 271M for people who lost harvest due to terrorist attack at Kakhovka HPP
The government is allocating UAH 271 million to Kherson and Mykolaiv regions to pay compensation to people who lost their crops due to the Russian terrorist attack at the Kakhovka hydroelectric power plant.
Russia's reserve funds for war exceed $150B - intel
The Kremlin is covering the fall in budget revenues from reserve funds, which were actively filled with foreign currency and gold before the full-scale invasion of Ukraine. Their volume is estimated at over $150 billion.
Over 200 houses restored in Kherson region as part of 'Plich-o-plich' initiative
More than 200 private houses have been restored in the Kherson region as part of the 'Plich-o-plich' initiative, and the same amount will be completed in the near future.
Russia will have funding to wage its war - expert
Judging by the examples of North Korea and Iran, Russia, unfortunately, will have the funding to continue its war.
How long would Russia have money for war?
China, India, and African countries support the Russian economy, but rising inflation and a falling ruble confirm that international sanctions are working.
13 apartment buildings being rebuilt in Kyiv region at United24's expense
Reconstruction of 13 apartment buildings damaged by Russian aggression is already underway in the Kyiv region, and work will begin on five more sites in the near future.
Ukraine harvests over 16.5M t of new grain crop
As of August 4, 2023, Ukraine harvested 16.574 million tonnes of grains and pulses on 3.782 million hectares with a yield of 44 centners/ha.
PM: Ukraine wants to insure ships that will sail through "grain corridor"
Ukraine has insured all merchant ships exporting and importing goods through the Danube ports and is considering insuring ships that will sail through the grain corridor.
Ukraine proposes to introduce sanctions against Rosatom in stages - Shmyhal
Ukraine proposes to gradually impose sanctions against Rosatom.
03 August 2023
National Bank resuming scheduled inspections of Ukrainian banks
The National Bank of Ukraine is resuming scheduled inspections of banks, which have been suspended since March 2020. The first such inspections will kick off in the 4th quarter of 2023.
EU slaps ban on arms, tech exports to Belarus
Today, the Council of the EU adopted new sanctions against 38 individuals and three legal entities from Belarus, and also extended the ban on the export of firearms, aviation and space industry.
Poland to close border for Ukrainian agri products after Sep 15 - minister
Polish Minister of Agriculture Robert Telus said the country would shut down its border for Ukrainian grain after September 15.
US extends sanctions against Russia
The U.S. Treasury Department has announced additional sanctions against Russia, including against the scientific institutions of the Russian Academy of Sciences (RAS).
Italy's largest bank to close office in Moscow
The largest Italian bank Intesa Sanpaolo will close its branch in the Russian capital Moscow.
UGA increases forecast of oilseeds, grains harvest in Ukraine to 76.8M t
Ukrainian Grain Association (UGA) has increased its estimate of this year's potential harvest of grains and oilseeds in Ukraine by 7.8 million tonnes to 76.8 million tonnes.
One of IAEA missions completes its work in Ukraine
The mission of the International Atomic Energy Agency (IAEA) to support and assist in the safety and security of ionizing radiation sources in Ukraine has been completed.
Shmyhal predicts "battle" in fall for U.S. financial support
Prime Minister Denys Shmyhal believes that Ukraine will have to work hard this fall to ensure that financial support from the United States does not decrease.
Ukraine hopes to receive $14B for recovery - Shmyhal
Ukraine this year expects to attract $45.8 billion from international partners for budget financing and $14 billion for rapid recovery.
Ukraine ready to join Black Sea grain export deal at any moment - Humeniuk
Ukraine is ready to join the Black Sea grain export deal despite Russian attacks on Odesa and Ukrainian Danube ports.
Total war-related damage to Ukraine’s infrastructure exceeds $150B - KSE
The amount of direct damage caused to the infrastructure of Ukraine due to Russia’s full-scale invasion is estimated at $150.5 billion, of which $55.9 billion is related to the housing stock.
Russia seeks to create new dependencies with cheap grain - Borrell
Russia is offering cheap grain to developing economies "to create new dependencies by exacerbating economic vulnerabilities and global food insecurity."