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%).…
Ukraine imported $874 million worth of fish, crustaceans and mollusks in 2021, up by 28.6% YoY. “Most fish and seafood are usually imported to Ukraine from Europe and North America. Norway has held the leading position in terms of the cost of supplies of this type of product to our country for over 15 years,…
Swiss Air has suspended flights to the city of Kyiv from Monday amid growing fears of a Russian invasion, BBC reports. The airline has suspended its flights to Kyiv from February 21 up to and including February 28. “The safety of our passengers and crew members has top priority at all times. The affected customers…
The Verkhovna Rada of Ukraine passed a law on the legal regulation of virtual assets, taking into account the proposals of President Volodymyr Zelensky. The relevant bill (No. 3637) was approved by a total of 272 MPs. The document defines the legal regime of virtual assets, market participants of virtual assets, their rights and obligations,…
The United Kingdom steps up funding for projects in support of Ukraine and its energy independence up to GBP 100 million. “When the Prime Minister visited Kyiv earlier this month, he announced the allocation of GBP 88 million to support Ukrainian democracy and energy independence. Today, I can announce the next component of our support:…
In October-December 2021, the amount of hryvnia funds of individuals in banks increased by 8.1% QoQ and by 15.3% YoY. This is said in the Banking Sector Review published on the website of the National Bank of Ukraine (NBU). The largest increase was recorded in private and foreign banks: by 41% YoY and by 22.4%,…