UK sanctions 86 Russian individuals and entities
The United Kingdom has imposed sanctions on 86 Russian individuals and entities.
Economy
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.
EU's, Ukraine's economies show resilience amid Russia's war - EC's assessment
The EU's spring economic forecast recorded higher economic development indicators than those envisaged in the previous winter forecast. It showed higher-than-expected economic resilience of the EU, as well as Ukraine, in the face of Russia's ongoing military aggression against Ukraine.
Yuliana Onishchuk, founder of Energy Action for Ukraine Foundation:
Even in times of war, renewable energy should be pursued
EU to discuss sanctions against Russia's diamond industry at G7 summit
At the G7 summit, the European Union plans to coordinate with its partners to impose restrictive measures against Russian diamond industry and against countries and institutions that help Russia circumvent international sanctions.
Austrian Raiffeisen stops cooperation with Belarusian banks in August - media
The Austrian bank Raiffeisen has sent out notices to Belarusian banks that it will terminate correspondent relations with them starting in August.
Norway allocates about EUR 130M in grants to EBRD to help Ukraine's energy sector
Norway has provided NOK 1.5 billion (about EUR 130 million) to support the operations of the European Bank for Reconstruction and Development (EBRD) to reinforce energy security in Ukraine.
Ukraine's finance minister calls on partners to exclude Russia from EBRD
Ukrainian Finance Minister Sergii Marchenko has called on partners to exclude Russia from the EBRD and other international organizations.
Moldova announces complete rejection of Russian gas
Moldova no longer uses Russian natural gas or electricity after ending its dependence following the outbreak of Russia's full-scale war in Ukraine.
Energy infrastructure facilities hit in night attack - Ministry of Energy
As a result of Russia's nighttime massive shelling, energy infrastructure facilities were hit. More than 20 settlements were left without power.
Ukrgasvydobuvannya transfers UAH 8.21B in rent payments to budget in Jan-Apr 2023
JSC Ukrgasvydobuvannya, which is part of Naftogaz Group, transferred UAH 8.21 billion in rent payments to the consolidated budget of Ukraine in January-April 2023.
17 May 2023
Grain Deal extended for two months
The grain deal has been extended for two months.
Grain deal to be extended - Bloomberg
According to Turkish officials, the agreement that allows Ukraine to export crops from key ports across the Black Sea will be extended. Russia has so far agreed to stay in the deal.
eVіdnovlennya: Over 10,000 Ukrainians submit applications for assistance
Under the state aid program for the restoration of damaged housing, called “eVіdnovlennya," 10,440 Ukrainians have submitted applications for the corresponding payments during the first week of its operation.
Last ship left Ukrainian port under 'grain deal'
The last ship left a port in Ukraine on Wednesday as part of an agreement that allows for the safe export of Ukrainian grain through the Black Sea.
This year Ukrainian farmers may sow largest area of spring wheat in last 12 years
According to the Ministry of Agrarian Policy and Food of Ukraine, 285,000 hectares of spring wheat may be planted in Ukraine this year. The last time such areas were planted during the spring sowing season was 12 years ago.
Ukraine to attract up to $8B from Korea on preferential terms
Ukraine and South Korea signed an intergovernmental preliminary agreement on loans granted by the Economic Development Co-operation Fund (EDCF), administered by the Export-Import Bank of Korea.
France allocates €7 million for improvement of housing for residents of Mariupol
The government of France has allocated €7 million for the improvement of housing for the residents of Mariupol who were forced to leave the city due to its occupation by the Russian army.
16 May 2023
Ukraine eyeing Korean investment - Ministry of Economy
Ukraine is counting on South Korea's significant contribution to the country’s post-war recovery.
Ukraine preparing energy system for winter, taking war-related threats into account - minister
Ukraine is preparing its energy system for the next heating season, taking into account possible military threats.
Ukraine may need $250B for recovery - EBRD
Ukraine's five-year recovery period will require additional investments of about USD 50 billion per year.
No vessels inspected within grain initiative last week - UCAB
In the 41st week of the grain corridor's operation, from May 8 to 14, 2023, not a single vessel was inspected or registered for entry into Ukrainian seaports.
EBRD expects Ukraine’s economy to grow modestly
Ukraine’s economy is expected to grow modestly as businesses adapt to war circumstances.
Ukraine can become Europe’s "power bank" - Chernyshov
Ukraine is ready to offer Europe its gas, underground gas storage facilities, and capacities for the production and transportation of biogas and green hydrogen.
ICC must hold Russia accountable for crimes against Ukraine’s energy system - minister
Ukraine insists that Russia should be held accountable by the International Criminal Court for crimes against the country’s civilian energy infrastructure.