As of April 25, the balance on the special fundraising account the National Bank of Ukraine (NBU) opened to support the Armed Forces of Ukraine totals over UAH 45 million. Overall, the NBU has already transferred almost UAH 15.4 billion to meet the needs of the Ukrainian military. In addition, the balance on the special…
The Russian invasion of Ukraine has significantly disrupted Ukrainian agricultural production and this year’s grain harvest in Ukraine is likely to be about 20% lower than in 2021 due to reduced sowing areas. The UK Ministry of Defense said this in its latest intelligence update posted on Twitter. “Ukraine is the fourth largest producer and…
Ukrainian refugees who want to stay abroad for a long time could be a positive factor for Europe, which will experience labor shortages in the medium term. “In the long run, Ukraine wants refugees to return. The sooner this happens, the better. However, some of the refugees may stay for a long time, and this…
Ukraine will now be able sell its electricity on the European market, Finance Minister of Ukraine Serhii Marchenko has said in a Facebook post. “Ukraine has recently joined the European grid by becoming a member of ENTSO-E. Thus, the electricity produced in Ukraine can be sold on the European market. I discussed this opportunity with…
The United Kingdom will provide $500 million in loan guarantees to Ukraine. The relevant statement was made by Ukrainian Finance Minister Sergii Marchenko on Facebook. “The United Kingdom is an example for the entire civilized world. Their support is always uncompromising and very timely. I personally thanked to Chancellor of the Exchequer Rishi Sunak for…
As of April 22, 400 enterprise have been relocated from the combat zone under the evacuation program, 190 of them have already started work, Danylo Hetmantsev, the chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, has announced on Facebook. “We continue to work on the evacuation of enterprises from the combat…
G7 finance ministers pledged additional support to Ukraine exceeding $24 billion for 2022 and beyond, adding that they were prepared to do more as needed. In a statement, the ministers said they regretted Russia’s participation in international forums, including G20, International Monetary Fund and World Bank meetings this week. “International organizations and multilateral fora should…