Russia’s budget deficit rises to RUB 4.1 trillion - Yermak
Russia's budget deficit as of May 18 reached 4.1 trillion roubles, which is 17% over the target for 2023.
Economy
Naftogaz stocking up on gas, preparing for challenging winter
NJSC Naftogaz of Ukraine in preparing for the 2023/2024 heating season is updating the networks and equipment at heating generation enterprises, as well as accumulating gas reserves.
PM Shmyhal expects underground facilities to accumulate over 14 bcm of gas prior to heating season
At the beginning of the next autumn and winter period, Ukraine’s underground gas storage facilities are expected to contain more than 14 billion cubic meters of natural gas.
First review of IMF’s program for Ukraine kicking off in Vienna on Tuesday
Prime Minister Denys Shmyhal of Ukraine discussed with Alfred Kammer, Director of the European Department of the International Monetary Fund, the start of the mission on the first review of the IMF's lending program, the Fund's assistance in Ukraine recovery.
Four high-rise buildings renovated at expense of local budget in Zaporizhzhia
In Zaporizhzhia, 11 buildings were damaged as a result of hostile attacks, 4 of which will be repaired at the expense of the local budget.
First stage of Tylihul wind farm launches in Mykolaiv region - Zamazeeva
The head of the State Agency on Energy Efficiency and Energy Saving of Ukraine (SAEEES), Anna Zamazeeva, wrote about this on her Facebook page, Ukrinform reports.
NBU sells $391.96M on interbank market in past week
The National Bank of Ukraine (NBU) sold $391.96 million on the interbank foreign exchange market over the past week.
22 May 2023
Ukraine calls on Latvian business to join recovery efforts - Ministry of Economy
Ukraine is counting on the support from Latvian businesses in the reconstruction of the country and suggests that the national Export Credit Agency consider the possibility of financing not only trade contracts but also investment deals.
Everything ready for Mykolaiv ports to join grain corridor - Kim
The head of the Mykolaiv regional military administration, Vitaliy Kim, said that there are currently no official data on the ports of Mykolaiv joining the grain corridor.
Ukrainian agriculture suffers $40.2B in losses due to Russia's war - KSE
According to estimates by the Center for food and land use research at the Kyiv School of Economics (KSE Agrocenter), the Ukrainian agricultural sector suffered USD 40.2 billion in direct and indirect losses as a result of Russia's full-scale war.
Agrofusion plant resumes operations in de-occupied Snihurivka district - Kim
Agrofusion's plant in the de-occupied Snihurivka district (Mykolaiv region) resumes operations.
Finnish Gasum terminates gas contract with Russian Gazprom
Finnish state-owned company Gasum said on Monday that it had terminated a contract to buy natural gas from Russia's Gazprom Export through Russia's gas pipelines.
South Korea offering "smart city" platforms for Ukraine recovery
The Minister of Lands, Infrastructure and Transport of South Korea Won Hee-ryong is off to Poland, where he will meet with Ukraine’s officials to discuss the projects of the nation’s post-war reconstruction.
21 May 2023
Unblocking Mykolaiv ports would allow Ukraine to double agri-exports - minister
If the ports of Mykolaiv are ultimately unblocked, Ukraine will double the export of agricultural products.
Ukraine’s annual agricultural production to cut by 10% compared to 2022 – Vysotskyi
In 2023, Ukraine’s agricultural production volumes will reduce by 10% compared to 2022. However, the productive capacity and exports will be maintained.
20 May 2023
Zelensky’s Office welcomes EU restrictions on companies helping Russia bypass sanctions
The Ukrainian President's Office welcomes the EU's decision to impose sanctions against more than 90 entities that have been helping the Russian Federation circumvent the restrictions introduced over aggression toward Ukraine.
Estonia calls on EU to ban goods transit through Russia
Estonian Prime Minister Kaja Kallas has called for a complete ban on the transit of European Union goods through Russia.
19 May 2023
Ukraine's Stefanchuk, Denmark's Bodskov discuss reconstruction of Ukraine
Verkhovna Rada Chairman Ruslan Stefanchuk has met with Denmark's Minister for Business Morten Bodskov to discuss the reconstruction of Ukraine and investments in the country.
U.S. government sanctions hundreds of Russian individuals, entities
The United States, in coordination with the G7 and other international partners, is strengthening the unprecedented global sanctions and other restrictive economic measures to further degrade the Russian Federation'a capacity to wage war against Ukraine.
Bridge over Tal River reconstructed in Kyiv region
The reconstruction of a bridge over the Tal River in the Kyiv region, located on the Kyiv-Ivankiv-Ovruch highway, has been completed.
G7 leaders support Ukrainian grain exports, Black Sea Grain Initiative
The leaders of the Group of Seven countries meeting in Hiroshima, Japan, recognized the importance of continuing to export Ukrainian grain to the world market, in particular by solidarity lanes and the Black Sea Grain Initiative. They also called on Russia to stop blackmailing the most vulnerable countries with threats of a food crisis.
Shmyhal: Russia will pay for destroyed property of Ukrainians, economic losses, lost lives
Russia will definitely pay for all the stolen and destroyed property of Ukrainians, economic losses, and the lost lives of people.
Ukraine has about 10 million tonnes of grain for export left
Ukraine can still export about 10 million tonnes of transitional grain residues from previous seasons.
UK sanctions 86 Russian individuals and entities
The United Kingdom has imposed sanctions on 86 Russian individuals and entities.
EBRD to consider €3-5B capital increase to support Ukraine
At its annual meeting in Samarkand, the EBRD Board of Governors recognized the need for additional shareholder support for the bank's work in Ukraine, which has intensified since the full-scale Russian invasion, and estimated it at 3-5 billion euros.
Ukraine, United States discuss plan for restoration, protection of energy sector ahead upcoming winter
Ukraine and the United States have discussed the transparency of the use of direct budgetary assistance provided by the U.S. and the needs for Ukraine's recovery, particularly in the energy sector.
Netherlands allocates EUR 40M to support EBRD’s work in Ukraine
As part of cooperation with the European Bank for Reconstruction and Development (EBRD), the Netherlands has allocated EUR 40 million to support the EBRD’s operations in Ukraine.
Digital Transformation Ministry, SAPO agree to enhance Army of Drones project
Ukraine’s Ministry of Digital Transformation and the Specialized Anti-Corruption Prosecutor's Office (SAPO) have signed a memorandum of cooperation to strengthen the Army of Drones project within the framework of the UNITED24 platform.
18 May 2023
Grain corridor hasn't resumed operations yet, 62 vessels waiting for inspection
According to the Ministry for Communities, Territories and Infrastructure Development of Ukraine, 62 vessels are currently awaiting inspection to enter Ukrainian seaports. None of them have been approved by the Russian side.