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…
Ukraine hopes that reparations to restore its infrastructure after the war will be paid, including at the expense of the assets of the Russian Federation frozen abroad. “Of course, we count on frozen Russian assets as part of reparations,” Minister of Finance of Ukraine Serhiy Marchenko said. He also noted that the proceeds for the…
On April 21, World Bank President David Malpass and International Monetary Fund (IMF) Managing Director Kristalina Georgieva will meet with Ukrainian Prime Minister Denys Shmyhal and Ukrainian Finance Minister Serhii Marchenko to discuss further financial aid. “We’re going to have an important meeting on April 21, where we’ll talk with Ukraine’s prime minister and the…