Germany plans to stop Russian oil imports regardless of EU sanctions – Yermak
Germany is planning to stop Russian oil imports regardless of EU sanctions.
Economy
President Zelensky to address Davos forum on May 23
Ukrainian President Volodymyr Zelensky will address the participants of the World Economic Forum in Davos on May 23.
15 May 2022
Kuleba, Blinken to find ways to circumvent blockade of Ukrainian seaports
Ukrainian Foreign Minister Dmytro Kuleba and U.S. Secretary of State Antony Blinken have agreed to work closely to ensure that Ukrainian food exports reach consumers in Africa and Asia.
Ukraine’s war losses can be compensated by seized Russian assets - Parliament Speaker
No consent of the Russian Federation is required to make them pay reparations to Ukraine. It is possible to reimburse Ukrainian losses after the war at the expense of seized Russian assets.
Support for Ukraine means working to prevent global famine – Zelensky
The sooner Ukrainian lands are liberated from Russian invaders, the sooner the food security can be restored.
14 May 2022
Ukraine doing all to resume food exports to Africa - Kuleba
Ukrainian Foreign Minister Dmytro Kuleba assured his Liberian counterpart Dee-Maxwell Saah Kemayah that Ukraine is doing everything possible to resume food exports to African markets.
Russian troops damage 23,000 km of roads, over 40 railway bridges in Ukraine
Russian troops have already destroyed 6,300 km of main rails in Ukraine, as well as damaged 23,573 km of roads, 289 road and 41 railway bridges.
Ukraine invites G7 to create organization of grain exporters
At the G7 Agriculture Ministers' Meeting, Ukraine suggested creating an influential organization of the world's major grain suppliers that would respond to current challenges and threats to food security, including those posed by the Russian Federation.
Solsky at G7 Meeting: Russia's blockade of Ukrainian ports will lead to global food crisis
Russia's blockade of Ukrainian seaports has already led to a record rise in world market prices and will inevitably result in a global food crisis and rising inflation.
U.S. Treasury tells foreign banks helping Russia evade sanctions unacceptable
The U.S. administration has warned foreign banks against assisting Russia in circumventing western sanctions.
13 May 2022
Kuleba thanks Borrell for his proposal to provide additional support to Ukraine
Ukrainian Foreign Minister Dmytro Kuleba has met with EU High Representative Josep Borrell.
Ukraine, Moldova to renew FTA agreement
Ukraine and the Republic of Moldova will renew a Free Trade Area (FTA) agreement despite the war.
Minister Marchenko: It will be hard for Ukraine’s economy to sustain a long war
It will be hard for Ukraine’s economy to sustain a long war, and the Ukrainian government greatly relies on financial assistance from abroad.
Ukrainian, Canadian foreign ministers discuss ways to unblock Ukrainian exports
Ukrainian Foreign Minister Dmytro Kuleba and his Canadian counterpart Melanie Joly have discussed ways to unblock Ukrainian food exports.
Ukraine’s MFA slams Russia as its ship moves stolen Ukrainian grain to Syria
A Russian merchant ship loaded with grain stolen in the occupied territories of Ukraine has been spotted in the Syrian port of Latakia.
Ukraine already spends $8.3B on war with Russia – finance minister
Ukraine has been forced to spend UAH 245.1 billion ($8.3 billion) on its war with Russia instead of development.
12 May 2022
Ukraine has stocked up on food - minister
Ukraine has stockpiled the necessary food products, but due to the ongoing war and the inability to export Ukrainian agricultural products, issues may arise in a number of countries.
EC to establish ‘Solidarity Lanes’ to help Ukraine with agricultural exports
The European Commission is planning to provide a wider access to the EU market of road and railway transport services for Ukraine to establish ‘Solidarity Lanes’ required for agricultural exports, which were mostly blocked due to the Russian invasion.
EBRD allocates over €53 M to boost food security in Ukraine
The European Bank for Reconstruction and Development (EBRD) issues risk-sharing instruments to selected local banks and a leasing company to a total value of €53.25 million to boost food security in wartime Ukraine.
Parliament passes law to seize assets of Russia’s Sberbank, VEB.RF
The Verkhovna Rada of Ukraine passed a law approving the decision of the National Security and Defense Council to seize the assets of Sberbank of Russia and VEB.RF in Ukraine.
EU to disburse second €600 M tranche in macro-financial assistance to Ukraine by May 20
The European Union will disburse the second tranche of emergency macro-financial assistance to Ukraine to the tune of 600 million euros by May 20.
Le Drian calls for support to Ukraine’s agricultural sector, nations most affected by war
French Foreign Minister Jean-Yves Le Drian calls for food solidarity to support Ukraine and the countries most affected by the ongoing war. He also notes that the EU seeks to avoid a global food crisis with the help of the FARM initiative.
Government changing structure of fuel imports to Ukraine
Ukraine is changing the routes of fuel supplies, increasing the volume transported by road, rail and river.
EBRD to exit stakes in Russian companies as quickly as possible
The European Bank for Reconstruction and Development (EBRD) is working to exit its stakes in Russian companies as quickly as possible.
11 May 2022
Ukraine warns other countries against buying Ukrainian grain stolen by Russia
The Ukrainian Foreign Ministry categorically condemns Russia's actions in disposing of grain that was illegally seized from Ukrainian farmers in temporarily captured territories.
Russia blocking 300 cargo ships in Black Sea - U.S.
As part of the invasion of Ukraine, Russia has blocked about 300 cargo ships in the Black Sea that cannot export grain and other food for export from Ukraine.
Ukraine’s war losses amount to at least $90B - Forbes
Ukraine's physical and economic losses as a result of the ongoing war unleashed by Russia are believed to start at $90 billion. Ukraine's infrastructure and real estate have been hit hardest by Russia's invasion, with at least $64 billion worth of damage.
GTSOU says Russia steals gas within temporarily occupied territories
Gas Transmission System Operator of Ukraine (GTSOU) LLC has disclosed the new details of Russia’s halt in gas transit operations via the Sokhranivka gas measuring station in Luhansk Region.
World Bank to disburse $200M a month for salaries to Ukrainian budget-sector employees
The World Bank will disburse an average of $200 million a month for salaries to Ukrainian civil servants and teachers. A total of $1.5 billion will be allocated for this purpose.