VAT revenues of the state budget increased by 40% compared to the first months of the full-scale war. This was stated by the Minister of Finance of Ukraine Sergii Marchenko in an interview with The Economist. “Despite systematic missile attacks by russia and blackouts, Ukraine’s economy continues to operate. Domestic consumption is growing, and international…
The Federal Government of Germany has announced a contribution of EUR 30 million within the framework of the German-Ukrainian Energy Partnership for the purchase of equipment to restore Ukraine’s energy infrastructure damaged by russian shelling. The corresponding funds will be allocated to the Ukraine Energy Support Fund, established by the Energy Community Secretariat. “pootin wants…
Over one and a half months, Russia has been attacking Ukraine’s energy system with thousands of missiles and drones eight times but failed to destroy it. The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal during a nationwide telethon. “At the first attempt, Russia failed to plunge Ukraine into blackout, although they expected…
Ukraine has received a EUR 100-million loan on concessional terms from the French Development Agency. The funds are directed to the general fund of the State Budget to finance priority expenditures, in particular social and humanitarian. “We appreciate France’s contribution to maintaining the stability of Ukraine’s financial system, as well as its willingness to support…
Russia’s recent drone attack on energy infrastructure in the Odesa region has not only left millions of Ukrainians without electricity but also destroyed important power equipment. The relevant statement was made by Ukrainian Energy Minister German Galushchenko at a meeting of the G7+ Energy Coordination Group. The Energy Coordination Group includes the representatives of the…
All Ukrainian thermal and hydroelectric power plants have been damaged as a result of eight waves of Russian missile attacks on Ukraine. In addition, 40% of the high-voltage network facilities are damaged to varying degrees. “Ukraine’s energy system sees a significant power deficit. After eight waves of missile attacks on the country, all thermal and…
As of the evening of December 11, Ukrainian emergency teams have restored most of the generating capacities in the country’s power system, Volodymyr Kudrytskyi, Chairman of the Board of NEC Ukrenergo, has said. “As of now, Ukrainian energy engineers have been able to restore most of the generating capacities after this week’s missile attacks,” Kudrytskyi…