Ukraine receives $132M from World Bank for agricultural sector
Ukraine has received a loan worth $132 million from the World Bank to develop the agricultural sector.
Economy
Since Russia’s full-scale invasion, Ukraine falls short of 30% of workforce - study
Since Russia launched a full-scale invasion of Ukraine, the embattled nation has lost access to 5.5 million able-bodied Ukrainians, roughly 30% of its workforce.
Energoatom preparing to change personnel at Zaporizhzhia NPP immediately after de-occupation
Energoatom National Nuclear Energy Generating Company is conducting training for the personnel who will enter Zaporizhzhia Nuclear Power Plant (NPP) and start working immediately after the plant’s de-occupation.
12 May 2023
Head of State imposes sanctions on companies related to pro-Kremlin oligarch Medvedchuk
Ukrainian President Volodymyr Zelensky has enacted another package of sanctions, introducing restrictive measures against the property of Russian companies in Ukraine and the property of the Ukrainian economic entities affiliated with them.
Belgium releasing EUR 92M in support of Ukraine from tax revenue on frozen Russian assets
Belgium has approved a new financial aid package for Ukraine, totaling EUR 92 million. These funds will come from additional tax revenue generated on frozen Russian assets located in Belgium.
U.S., German treasury ministers discuss how to prevent Russia from circumventing sanctions
U.S. Secretary of the Treasury Janet Yellen met with her German counterpart Christian Lindner on Friday to discuss countering Russia's evasion of Western sanctions imposed on it over its war against Ukraine.
Slovakia cancels unilateral restrictions on imports of agricultural products from Ukraine
The Government of Slovakia today approved a proposal of the Agriculture Ministry to cancel the unilateral ban on imports of agricultural goods from Ukraine, only EU legislation will apply to imports of these products into the country.
Zelensky imposes sanctions against 41 people who helped Russia control Zaporizhstal
President Volodymyr Zelensky signs a decree imposing sanctions on 13 individuals and 28 legal entities that helped Russia maintain control over Zaporizhstal (Ukraine's steel maker).
Gov't, together with EBRD, mulling project to restore Ukraine’s railway system - PM
The Ukrainian government, jointly with the European Bank for Reconstruction and Development, is preparing a EUR 200 million railway recovery project.
Ukraine exports over 43.3M t of grains, pulses
In the current marketing year (MY) (from July 1, 2022, to May 12, 2023), Ukraine exported 43.336 million tonnes of grains and pulses.
G7 nations talk options for handing Russia’s frozen assets to Ukraine
The Group of Seven nations is discussing ways to transfer to Ukraine Russian assets frozen in foreign jurisdictions.
List of Russian oligarchs with assets in Ukraine presented in Kyiv
StateWatch expert organization jointly with the YouControl analytical system presented a register of Russian oligarchs who own assets based in Ukraine.
Ukrainian MFA explains importance of ‘grain corridor’ to diplomats from Arab Gulf states
Ukraine’s Special Representative for the Middle East and Africa Maksym Subkh, at a meeting with diplomats from the Arab states of the Gulf, emphasized the importance of ensuring uninterrupted operation of the Black Sea Grain Corridor.
Over 3.5M ha of grains, pulses sown in Ukraine
In Ukraine, as of the first half of May, farmers have already sown 3.587 million hectares of grains and pulses.
Some consumers without power in six regions of Ukraine
As of May 12, 2023, a mine in Donetsk region was de-energized due to shelling by Russian invaders. Some consumers in six regions are also without power.
Inflation slows to 17.9% yoy in April - NBU
In April 2023, annualized consumer inflation slowed to 17.9% from 21.3% in March, thanks to a substantial supply of food, sufficient fuel reserves, and improved inflation and exchange rate expectations.
IMF expects “critical legislative changes” in Ukraine
Director of the IMF's Communications Department, Julia Kozak, confirmed the Fund's expectations regarding the adoption of important legislative changes in Ukraine in the coming months aimed at reforms and tackling corruption.
Two more autonomous trolleybuses assembled in Vinnytsia
Two more new VinLine trolleybuses with the option of autonomous operation, assembled by specialists of the Vinnytsia Transport Company, have been launched in Vinnytsia.
Unemployment rate in 2022 estimated at 21.1% - NBU
In the second half of 2022, the situation in the labor market improved, which allowed for adjusting the unemployment rate from 25.8% to 21.1%.
11 May 2023
Ukraine could replace Russia, Belarus on world timber market - deputy chief of Zelensky’s Office
Russia and Belarus timber suppliers are being pushed out of world markets. Ukraine has a chance to take their place, which will create an industry with a turnover of up to $10 billion and tens of thousands of jobs.
IMF urges parties to take all measures needed to extend "Grain Initiative"
The International Monetary Fund considers it very important in the global context to continue the Black Sea Frain Initiative, which the Russian Federation is trying to disrupt, weaponizing food supplies.
No agreement on extending grain deal, negotiations continue
Two days of talks on the Black Sea Grain Initiative at the level of deputy defense ministers concluded in Istanbul. It was agreed to continue negotiations in the same format soon, as well as to return the ships and crews that were forced to stay in Ukraine.
IMF plans to review program for Ukraine in May
The International Monetary Fund (IMF) plans to conduct the first review of the Extended Fund Facility (EFF) program for Ukraine in the second half of May.
Ukraine puts 25 global companies on list of international war sponsors
Since Russia's full-scale invasion of Ukraine, the National Agency on Corruption Prevention (NACP) has included 25 big companies in the list of international sponsors of war.
Black Sea grain deal can be extended for at least two months - Çavuşoğlu
The agreement on the grain corridor in the Black Sea may be extended for at least two more months.
Moldova chooses not to restrict agricultural imports from Ukraine
Currently, the Republic of Moldova is not planning to impose restrictions on grain and oilseed imports from Ukraine.
U.S. Attorney General authorizes first transfer of forfeited Russian assets for use in Ukraine
U.S. Attorney General Merrick Garland has authorized the first transfer of forfeited Russian assets for use in Ukraine.
10 May 2023
U.S. State Dep’t notes “urgent need” to extend Black Sea Grain Initiative
The U.S. Department of State stressed the relevance and urgent need to extend the Black Sea Grain Initiative against the backdrop of Russian attempts to thwart the effort and weaponize food supplies.
Talks on ‘grain agreement’ extension start in Istanbul
A meeting of deputy defense ministers of Türkiye, Ukraine, Russia and UN officials to discuss the operation of the "grain corridor" has started in Istanbul.