President of Poland Andrzej Duda considers that it is very important for global food security to unblock the port in Odesa so that Ukraine will be able to export food to countries that need it. Duda said this at a joint press conference with President of Ukraine Volodymyr Zelensky in Kyiv. As Duda stressed, not…
As of May 19, 182 thousand hectares of sugar beets were sown in Ukraine. According to the press service of the Ministry of Agrarian Policy and Food, Ukraine continues sowing campaign. 182 thousand hectares of sugar beets have been sown in the territories controlled by Ukraine. Sowing of spring crops is carried out by 23…
Ukraine received another part of the grant funding in the amount of EUR 504 million. Funds were provided from the World Bank’s Donor Trust Fund under the Second Economic Recovery Development Policy Loan for Ukraine. Under this tranche, the State Budget received grant funds from the United States ($500 million) and the United Kingdom (GBP…
In Ukraine, the balance of payments situation deteriorated somewhat in April, Deputy Governor of the NBU Serhiy Nikolaychuk said. “While in March our balance of forex interventions stood at $1.7 billion, in April the figure increased to $2.2 billion. Yes, we have reduced forex earnings in favor of the government. In March, the amount was…
On May 18, the European Commission presented plans for the European Union’s response to address Ukraine’s funding shortfall and long-term reconstruction. This is stated in a press release from the European Commission. In the short-term, the European Commission proposes to launch additional macro-financial assistance in the form of a loan of up to 9 billion…
Ukraine is among top-5 largest exporters of wheat, corn and barley. The share of export amounted to 70-73% in three recent seasons. 99% of the foreign supplies were transported through the seaports that are currently blocked due to the Russian military aggression. Ukraine has exported 18.1 million tons of wheat since the start of 2021-2022…
At a meeting on May 17, the Cabinet of Ministers has endorsed a resolution to attract a soft loan of up to EUR 150 million from the State Bank of Germany “Credit Institute for Reconstruction” (KfW). The loan is provided for a period of 15 years, taking into account the grace period for the first…