Ukraine is preparing to export more electricity to consumers in the European Union, President Volodymyr Zelensky has said in his video address. “We are preparing to increase our export of electricity to consumers in the European Union. Despite such a war, we ensured the connection of Ukraine’s power grid to the energy system of the…
Ukraine will supply agricultural products to foreign markets via alternative routes if Russia continues shelling the port infrastructure, Infrastructure Minister Oleksandr Kubrakov has said. “We will move to Plan B if Russia continues shelling the port infrastructure, which we have already used before. That is, we will use the Danube ports, we will use the…
Ukraine is in consultations with the International Monetary Fund to seal until year-end an agreement for a $15-20-billion loan to help restore its war-torn economy, the National Bank Governor Kyrylo Shevchenko has told Reuters. Kyiv has already submitted its request to the IMF and is now in consultation with the fund over the new financing.…
The balance on the special account the National Bank of Ukraine (NBU) opened to support the Armed Forces of Ukraine is about UAH 2.48 billion. “Over UAH 74 million was remitted to the special account last week,” the National Bank press service said. The NBU has already transferred over UAH 17.7 billion to meet the…
In the current 2021-2022 financial year (September 1, 2021 – August 31, 2022), Ukraine produced 1,450,000 tons of sugar, or 130.5% of the production of the previous financial year. Sugar was produced by 33 factories. According to the sugar supply and demand balance calculated by the Ministry of Agrarian Policy and Food of Ukraine, the…
Since the beginning of 2022, Ukraine has paid off $1.5 billion in foreign debt, Oleh Ustenko, adviser to the President of Ukraine on economic issues, has said. “We had to repay $3 billion for this year. We have already repaid $1.5 billion this year and we have another $1.5 billion left to pay off until…
The National Bank of Ukraine (NBU) sold $309.2 million and bought $223.22 million on the interbank foreign exchange market over the past week. Following foreign exchange interventions, between July 18 and July 24, the National Bank sold $309.2 million on the interbank foreign exchange market and bought $223.22 million. Since the start of 2022, the…