India’s major refinery snubs Russian oil over sanctions - media
The large India-based oil refinery, BPCL, discontinued purchases of Russian Sokol crude due to the reluctance of intermediary banks to proceed with transactions.
Economy
09 February 2024
Expert names measures to put economy on "war footing"
To mobilize 450,000 additional people and put the economy on a "war footing," it is necessary to consolidate public finances and focus society and the economy on meeting military objectives.
Government creates Ukraine’s Industrial and Defense Committee
The Ukrainian government has endorsed a decision to establish the Industrial and Defense Committee of Ukraine.
Ukraine puts U.S. company on war sponsors list amid kamikaze drone production inquiry
The National Agency for Corruption Prevention (NACP) listed the American manufacturer of refractory products Allied Mineral Products, LLC, which continues to operate in Russia and maintains its production facilities there, among international sponsors of war.
Minister Solskyi, EP Agriculture Committee Chair Lins discuss opening of EU market for seed producers
Ukrainian Agrarian Policy and Food Minister Mykola Solskyi and Chair of the European Parliament’s Committee on Agriculture and Rural Development Norbert Lins have discussed the opening of the EU market for certain seed varieties produced by Ukraine.
Ukrainian producers take part in trade show FRUIT LOGISTICA in Berlin
About 20 Ukrainian companies producing fresh fruit, berries, nuts, mushrooms, as well as environmentally friendly packaging, are participating in the fresh produce trade show, FRUIT LOGISTICA, which is taking part in Berlin on February 7-9, 2024.
08 February 2024
Diia.City already has more than 800 residents – PM Shmyhal
Information technology is the sector of the economy that has demonstrated the greatest resilience during the full-scale war. In 2023, the IT industry's exports amounted to about $6.7 billion, which is almost the same level as in 2022.
Taiwan bans export of almost 80 machine tools to Russia, Belarus
Taiwan has added 77 items to the list of machine tools restricted from being exported to Russia and Belarus in a bid to prevent the Russian military from using Taiwan's high-tech products in its war in Ukraine.
Baykar factory in Ukraine will be able to produce 120 drones annually - CEO
Turkey's drone maker Baykar will complete the construction of its factory in Ukraine within 12 months, and then it will move on to internal machinery, equipment, and organizational structure.
Polish farmers planning to block another checkpoint on border with Ukraine from Monday
Polish farmers are planning to block another checkpoint, Zosyn-Ustyluh, from Monday, February 12.
UK extends tariff-free trade with Ukraine until 2029
The UK government will support Ukrainian businesses by extending duty-free trade with Ukraine for an additional five years, until 2029.
Türkiye’s Baykar factory in Ukraine to offer 500 jobs – CEO
Türkiye’s defense company Baykar is building a drone manufacturing factory near the city of Kyiv, which will employ about 500 people.
07 February 2024
IAEA chief visits Zaporizhzhia NPP
Director General of the International Atomic Energy Agency (IAEA) Rafael Mariano Grossi has visited the Zaporizhzhia Nuclear Power Plant to assess the situation at the plant occupied by the Russians.
Ukraine’s power grid stable following massive attack, no outages planned – PM Shmyhal
Ukraine's power system remains stable following Russia’s massive air attack: no outages are planned.
Kyiv, Warsaw discuss involvement of Polish carriers in Ukraine’s road transport market
As part of the second meeting of the Polish-Ukrainian working group, Ukrainian Communities, Territories and Infrastructure Development Deputy Minister Serhiy Derkach and Polish Infrastructure Deputy Minister Paweł Gancarz discussed the involvement of Polish carriers in Ukraine’s road transport market.
Aluminum producers urge EU to sanction Russia’s metal imports
European aluminum producers — supported by four EU countries — are pressing Brussels to impose an embargo on cheap metal imports from Russia.
06 February 2024
Austrian MP calls for sending Ukraine interest from frozen Russian assets
Western democracies should find mechanisms for immediately transferring to Ukraine interest accrued from Russian assets frozen in foreign jurisdictions, and later – these assets themselves, in order to compensate for damage Russia inflicted on Ukraine.
Reforming BES: vision of government, MPs and experts
According to the terms of the Memorandum with the IMF, the reboot of the Bureau of Economic Security of Ukraine should begin no later than the end of June
Ukraine reaches pre-war volumes of exports by sea - Shmyhal
In January 2024, Ukraine reached the pre-war volume of maritime exports, bringing their total volume almost to a pre-war level.
Ukraine nationalizes UAH 500M in oil and gas assets of Russian oligarch Khudaynatov
The High Anti-Corruption Court of Ukraine (HACC) has sustained a claim filed by the Ukrainian Justice Ministry regarding the nationalization of the Ukrainian assets owned by the sanctioned Russian oligarch, Eduard Khudaynatov.
Economy ministry: Ukraine’s physical export volumes close to pre-war levels
In January 2024, Ukrainian producers exported 12 million tonnes of products, which is a record high since the Russian full-scale invasion started.
More than UAH 33B transferred from NBU’s special account to finance defense needs
More than UAH 33 billion has already been transferred to finance the defense needs from the special account, which was opened by the National Bank of Ukraine (NBU) with the start of the Russian full-scale invasion.
Russia has to increase domestic taxes, debt to fund expenditures - British intelligence
Russia is unlikely to achieve its target indicator of the 2024 Russian budget as laid down in the budget plan. It is possible that the Russian government will have to consider other policy measures to fund the intended expenditure.
Ukroboronprom corporatizing another 10 enterprises
The Supervisory Board of Ukrainian Defense Industry JSC (Ukroboronprom) has endorsed a decision to transform another 10 state-owned defense industry enterprises into economic entities as part of Ukraine’s defense industry reform.
05 February 2024
Ukrnafta begins to drill another oil well in northeastern Ukraine
Ukrnafta PJSC has started well construction operations in northeastern Ukraine. The estimated initial rate of the new well is 26.5 tonnes of oil per day.
G7, EU may use frozen Russian assets as collateral for Ukraine aid - media
The Group of Seven (G7) nations and the European Union are discussing a plan to use more than $250 billion in frozen Russian central bank assets as collateral to help finance Ukraine's recovery.
04 February 2024
Poland tightening inspection of agricultural goods on Ukraine border
Polish Agriculture and Rural Development Minister Czesław Siekierski has announced the strengthening of control and inspections of Ukrainian agricultural products that are exported to Poland.
Poland’s deputy minister of agriculture inspects checkpoint at Ukraine border
Deputy Minister of Agriculture and Rural Development of Poland, Michal Kolodziejczak, arrived at the Dorohusk border crossing with Ukraine with an inspection.
03 February 2024
Ukraine supports global food security - Vice PM
In January, Ukraine 6.3 million tons of cargo were exported through the Ukrainian corridor, which is almost equal to the pre-war level of exports, said Deputy Prime Minister for Reconstruction, Minister of Community Development, Territories and Infrastructure Oleksandr Kubrakov.