Britain announces funding to help repair Ukraine’s damaged energy systems
UK Foreign Secretary James Cleverly today announces the first tranche of UK funding to the Ukraine Energy Support Fund.
Economy
13 November 2022
Rolling blackouts to be introduced in Kyiv and eight regions on Nov 14 – Ukrenergo
Rolling blackouts will be applied in Kyiv and eight regions across Ukraine on Monday, November 14.
UkrLandFarming’s base worth $270M robbed by Russians in Kherson region
Russian invaders have stolen about 100,000 tonnes of sunflower seeds and corn, harvesters, tractors and other equipment owned by Ukraine’s agricultural company UkrLandFarming in the Kherson region.
Ukraine, United States announce cooperation on Clean Fuels from SMR pilot project
As part of the UN’s COP27 Climate Conference, U.S. Special Presidential Envoy for Climate John Kerry and Ukrainian Energy Minister German Galushchenko announced cooperation on a Ukraine Clean Fuels from Small Modular Reactors (SMR) pilot project.
12 November 2022
Two bulk carriers with grain to leave Ukrainian ports for countries on brink of famine
In the ports of Odesa and Chornomorsk, two bulk carriers are being loaded with wheat intended for the countries that are on the brink of famine.
Higher inflation in October “expected, albeit controlled” - NBU
Core inflation in annual terms is expected to accelerate to 21.5% in October, while remaining under the regulator’s control as its current dynamics correspond to the trajectory laid down by the National Bank in its outlook.
Erdoğan opposes time limits for grain corridor operation
It would be wrong to set time limits for the operation of the grain corridor: the longer the work lasts, the more efficient it will be.
Netherlands to provide extra €110M to Ukraine for energy system restoration
The Netherlands will provide extra EUR 110 million to Ukraine to help with energy supply this winter.
11 November 2022
Zelensky: We managed to open new path of economic life through EU
President Volodymyr Zelensky of Ukraine delivered a video address on the implementation of the European Union's "Solidarity Lanes" initiative.
EU mobilizes EUR 1B for “Solidarity Lanes” with Ukraine
The European Commission, Czechia, Poland, Romania, Slovakia, Republic of Moldova, Ukraine, the European Investment Bank, the European Bank for Reconstruction and Development, and the World Bank Group signed a joint declaration providing for nearly EUR 1 billion for supporting “Solidarity Lanes” on the borders between Ukraine and the EU member states.
Two more industrial parks to be launched in Ukraine – Shmyhal
The Cabinet of Ministers of Ukraine has endorsed a decision to launch two more industrial parks, in the Lviv region and the Ternopil region.
PM Shmyhal: Ukraine expands water area of Danube ports
The Cabinet of Ministers of Ukraine has endorsed a decision to expand the capacity of Izmail Port, Reni Port and Ust-Dunaisk Port, namely to increase the safety of navigation in the Danube.
IMF mission launches work in Ukraine
The IMF mission on Friday has begun online discussions with Ukraine officials regarding the new lending program.
Large-scale emergency power outages enforced in Kyiv
Emergency power cuts are being applied in significant volumes in Ukraine’s capital Kyiv on Friday, November 11.
EU urges Russia to extend ‘grain deal’
The European Union has urged Russia to renew the grain agreement and implement the UN Black Sea Grain Initiative in good faith.
Health ministry: Over 950 facilities damaged, 144 destroyed by Russian invaders
Russian occupiers have caused damage to 958 health facilities and fully destroyed 144 since Russia’s full-scale invasion of Ukraine started. The amount of losses suffered by Ukraine’s medical infrastructure exceeds EUR 1 billion.
10 November 2022
Norway to contribute about NOK 1.5B to British-led fund for Ukraine
The Norwegian Government is preparing to contribute approximately NOK 1.5 billion (about $144 million) to the British-led International Fund for Ukraine.
Belgium transfers almost €5M to IMF’s account for Ukraine
Belgium transferred €4.96 million grant contribution to the IMF's Administered Account for Ukraine.
Naftogaz expects to expand cooperation with British energy companies
On November 9, 2022, Naftogaz CEO Oleksiy Chernyshov met with United Kingdom Ambassador to Ukraine Melinda Simmons and discussed the expansion of cooperation with the British companies doing business in the oil and gas sector.
09 November 2022
Further blackouts may shrink GDP by 39% - Ministry of Economy
Ukraine's GDP, which is seeing critically low figures amid the ongoing war, will drop even more – by 39% over the year, if systemic power outages due to Russian shelling prevail for at least a few more weeks.
Three ships with vegetable oil leave Ukrainian ports via ‘grain corridor’
On November 9, 2022, three ships loaded with Ukrainian-produced vegetable oil left Ukraine’s Odesa Port, Chornomorsk Port and Pivdennyi Port as part of the ‘grain initiative’.
PM Shmyhal: EU’s MFA package of EUR 18B to cover Ukraine’s budget deficit significantly
The Macro-Financial Assistance (MFA) package worth EUR 18 billion will help Ukraine to cover a significant portion of the country’s budget deficit, totaling $38 billion.
Ukraine wants to extend ‘grain deal’ by at least one year, revise provisions
Ukraine wants the Black Sea grain export deal expanded to include more ports and goods, and hopes a decision to extend the agreement for at least a year will be taken next week.
Ukraine calls on US to impose sanctions on Russian metallurgy
Ukraine has called on the United States to introduce sanctions against Russia's steel industry and to include Ukrainian ore and other products in the Western supply chain, replacing Russia in these markets.
Ex-NBU governor Shevchenko placed on international wanted list
Former governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko, suspected of embezzlement of Ukrgasbank funds, was put on the international wanted list.
Luxembourg freezes EUR 5.5B of Russian assets
Luxembourg has frozen EUR 5.5 billion belonging to Russian individuals and legal entities, which is about a third of all Russian assets blocked on the territory of the European Union.
Maximum restrictions on power supply to be introduced in several regions of Ukraine on Wed
Ukrenergo reported where the "maximum" restrictions on power supply are expected today.
Disney finally closing office in Russia: most employees already fired
The Walt Disney Company is completing the closure of its Moscow-based office.
08 November 2022
United States to provide $25M in winterization assistance to Ukraine
U.S. Representative to the United Nations Linda Thomas-Greenfield has announced that the United States, through the U.S. Agency for International Development, will provide $25 million in winterization assistance to help vulnerable people in Ukraine survive the harsh winter.