Ukraine’s production is five times as much as its domestic consumption, so it has sufficient food reserves, Deputy Minister of Agrarian Policy and Food Taras Vysotsky has said. According to him, even if production stops, Ukraine now has a large stock of everything it needs because “we are exporters, and exports have stopped.” “For example,…
Ukrainian underground gas storage facilities contain about 9.5 billion cubic meters of natural gas at the moment. The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal in his video address. “Gas reserves are about 9.5 billion cubic meters. Gas imports from Hungary, Slovakia and Poland are underway,” Shmyhal said. Gas production operations are…
The Government puts the economy on a war footing and takes all necessary steps to do so. “Together with the whole world, we continue to forge our victory. For this purpose, Ukraine is switching to a war economy. Energy security and operation of critical infrastructure. Defense-industrial complex. Agro-industrial complex. Logistics. The successful operation of these…
The Government has increased the expenditures of the reserve fund of the state budget by UAH 50.8 billion, Prime Minister of Ukraine Denys Shmyhal has announced in a video address. “This will allow the needs of the security and defense sector to be promptly met under martial law,” noted the Head of Government. Besides, Denys…
The Cabinet of Ministers of Ukraine approved amendments to the procedure for crediting part of the excise tax on fuel produced in Ukraine and imported into the customs territory of Ukraine to the general fund of the relevant local government budgets. The resolution establishes shares for the automatic distribution among local budgets of part (13.44%)…
The state will buy out grain and other food stocks in scope of the annual consumption throughout the country at the expense of the state budget. “We create a food reserve. The state will buy out grain and other food stocks in scope of the annual consumption throughout the country at the expense of the…
The World Bank has approved an additional support package for Ukraine of more than $700 million. The World Bank’s Board of Executive Directors approved over $489 million of the Development Policy Loan, called Financing of Recovery from Economic Emergency in Ukraine (FREE Ukraine) between Ukraine and the International Bank for Reconstruction and Development. In particular,…