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…
No consent of the Russian Federation is required to make them pay reparations to Ukraine. It is possible to reimburse Ukrainian losses after the war at the expense of seized Russian assets. This was announced by the Chairman of the Verkhovna Rada, Ruslan Stefanchuk. He said that the government was currently doing a lot of…
Ukraine has stockpiled the necessary food products, but due to the ongoing war and the inability to export Ukrainian agricultural products, issues may arise in a number of countries. That’s according to a Minister of the Cabinet of Ministers, Oleh Nemchynov, who spoke at a national telethon. “We have repeatedly said that Ukraine has stocks…
Ukraine has been forced to spend UAH 245.1 billion ($8.3 billion) on its war with Russia instead of development, Finance Minister Serhiy Marchenko has told Reuters in exclusive written comments. The figure, which has not been disclosed by Ukraine’s government before, lays bare the economic maelstrom that Ukraine is navigating, the report said. According to…
Ukraine’s physical and economic losses as a result of the ongoing war unleashed by Russia are believed to start at $90 billion. Ukraine’s infrastructure and real estate have been hit hardest by Russia’s invasion, with at least $64 billion worth of damage. That’s according to Forbes, referring to the National Bank of Ukraine. “According to…
Relevant talks between the Minister of Infrastructure of Ukraine Oleksandr Kubrakov and the Minister of Infrastructure and Development of Poland Andrzej Adamczyk took place on the Ukrainian-Polish border. “In the context of the blocking of Ukrainian ports, Poland has become a strategically important partner of Ukraine in the export of Ukrainian agro-industrial products and transportation…