Ukrainian subsidiary of Azerbaijan’s state oil company SOCAR (SOCAR Energy Ukraine) is operating as usual. “There are still enough fuel supplies, but there may be disruptions at some gas filling stations. We are doing everything possible to ensure that there is enough fuel for everyone,” the company said. SOCAR’s representative office was opened in Ukraine…
The Verkhovna Rada of Ukraine on February 23 passed a law to increase the revenue and expenditure parts of the 2022 state budget by UAH 26.5 billion. Of these, UAH 16 billion was allocated for the Ministry of Defense to increase the state’s defense capabilities and national security. A total of 345 people’s deputies voted…
The Government prolongs active cooperation with the International Monetary Fund, the Prime Minister Denys Shmyhal announced during a Government meeting on February 23. “We welcome the start of another mission of the International Monetary Fund. Economically resilient and stable Ukraine is one of our main long-term responses to the aggressor’s actions,” stressed Denys Shmyhal. The…
The so-called Ministry of State Security of Donetsk People’s Republic, a terrorist organization created and supported by Russian, spread fake information that on February 18 a Ukrainian sabotage group attempted to commit an attack at the Stirol plant (the city of Horlivka, Donetsk), which could have led to a large-scale environmental disaster, but happily, it…
The Ukrainian Ministry of Finance raised UAH 3.5 billion to the state budget at an auction for the placement of domestic government bonds, according to the ministry’s press service. “On February 22, at auctions for the placement of domestic government bonds, the Finance Ministry offered investors five issues of securities in the national currency and…
Due to the threat of Russian invasion, Ukraine loses $2 to $3 billion a month due to suspended investment and additional inflation, Rostyslav Shurma, Deputy Head of the President’s Office, has said. “We see that irreversible losses amount to $2 to $3 billion a month in such a stressful situation. This includes suspended investments, additional…
Amid growing fears of Russian aggression, prices of U.S. dollar Eurobonds, GDP-linked bonds and other sovereign securities of Ukraine have dropped significantly. According to Bloomberg, the yield on short-term securities maturing in September 2021 rose to 24.4% against 21.3% at the end of last week. Income from securities maturing in 2023-2024 rose to 16.9-18% (15.2-15.8%).…