In Ukraine, the balance of payments situation deteriorated somewhat in April, Deputy Governor of the NBU Serhiy Nikolaychuk said. “While in March our balance of forex interventions stood at $1.7 billion, in April the figure increased to $2.2 billion. Yes, we have reduced forex earnings in favor of the government. In March, the amount was…
On May 18, the European Commission presented plans for the European Union’s response to address Ukraine’s funding shortfall and long-term reconstruction. This is stated in a press release from the European Commission. In the short-term, the European Commission proposes to launch additional macro-financial assistance in the form of a loan of up to 9 billion…
Ukraine is among top-5 largest exporters of wheat, corn and barley. The share of export amounted to 70-73% in three recent seasons. 99% of the foreign supplies were transported through the seaports that are currently blocked due to the Russian military aggression. Ukraine has exported 18.1 million tons of wheat since the start of 2021-2022…
At a meeting on May 17, the Cabinet of Ministers has endorsed a resolution to attract a soft loan of up to EUR 150 million from the State Bank of Germany “Credit Institute for Reconstruction” (KfW). The loan is provided for a period of 15 years, taking into account the grace period for the first…
In March, Ukraine’s exports reduced by 57.9% compared to February and imports – by 75.8%. The relevant statement was made by the Ukrainian State Statistics Service. “In March, compared to February, the seasonally adjusted export volumes reduced by 57.9% and import volumes – by 75.8%. The seasonally adjusted foreign trade balance was positive in March,…
President Volodymyr Zelensky of Ukraine says introducing an embargo on Russian oil is in the interests of both Ukraine and the whole of Europe. That’s according to the president’s latest video address, issued overnight on May 17. “We are also working to ensure that the European Union agrees on a sixth package of sanctions on…
The Ministry of Finance of Ukraine signed a Loan Agreement with Japan International Cooperation Agency for $100 million. “On May 16, Minister of Finance of Ukraine Sergii Marchenko and President of Japan International Cooperation Agency (JICA) Dr. Akihiko Tanaka signed a $100-million loan agreement for Ukraine,” the ministry press service said. “The concessional loan of…