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…
The Government supported the draft law designed to ensure the free circulation in Ukraine of goods that meet the requirements for the safety of EU non-food products. This was announced by Prime Minister Denys Shmyhal. “Our main goal is a European future, European standards in everything. After the war, we plan to build a new…
Russia’s invasion has damaged or destroyed up to 30% of Ukraine’s infrastructure valued at $100 billion. The reconstruction could be achieved in two years using frozen Russian assets to help finance it. “Practically all components of our transport infrastructure have suffered in one form or another,” Infrastructure Minister of Ukraine Oleksander Kubrakov told Reuters. He…
A third of Ukrainian agricultural fields will not be used to sow wheat and other crops as a result of hostilities. That’s according to the United Nations Office for the Coordination of Humanitarian Affairs in Ukraine. “Up to 30% of agricultural fields in Ukraine won’t be used to plant wheat, barley, sunflowers and corn this…
Inflation in Ukraine will reach 10-20% this year. Ukrainian presidential adviser Oleh Ustenko said this during a national telethon. “I believe that inflation will be between 10% and 20% this year. This is a significant inflation, but I hope that if the war stops soon enough, the situation will develop in a positive way and…
Continued economic support by Ukraine’s partners is very important for rebuilding Ukraine, IMF Managing Director Kristalina Georgieva has announced this on Twitter. “Continued economic support by Ukraine’s partners is essential to lay the foundations for rebuilding a modern competitive Ukraine,” she wrote. According to Reuters, Ukrainian Prime Minister Denys Shmyhal said earlier he would attend…