Ukraine: S&P upgrades Ukrzaliznytsia’s rating to highest-possible level amid martial law

The international credit rating agency, S&P Global Ratings, has upgraded the rating of Ukrzaliznytsia JSC to CCC+. The relevant statement was made by Ukrzaliznytsia JSC. According to the company, S&P Global Ratings has assigned the sovereign-level rating to Ukrzaliznytsia, which is the highest possible result in the current wartime conditions. “The recent completion of a…

Ukraine: first Swiss tram delivered to Vinnytsia

The first Swiss tram Tram 2000 has already been delivered to Vinnytsia. Vinnytsia Mayor Serhii Morhunov published a respective video on his Telegram channel. “The first one has arrived!” the official wrote. Earlier reports said that Vinnytsia would replenish its electric transport fleet with 35 trams manufactured in Switzerland in the late 1980s. The delivery…

Ukraine: Ukrenergo CEO outlines four components of preparations for next winter

Four key components are needed to prepare Ukraine’s energy system for the next winter period and possible terrorist attacks from Russia. The relevant statement was made by Ukrenergo National Power Company CEO Volodymyr Kudrytskyi. According to Kudrytskyi, the key components are the physical protection of energy objects, the restoration of generating facilities, power equipment and…

Ukraine: Japan disburses nearly $350 million for country recovery

The funds will be allocated under the Emergency Recovery Program aimed at critical infrastructure. The money will be used to purchase equipment and services needed for reconstruction. The relevant documents were signed by Oleksandr Kubrakov, Deputy Prime Minister for Recovery of Ukraine and Minister for Communities, Territories and Infrastructure Development, and Kuninori Matsuda, Ambassador Extraordinary…

Ukraine: Ukrenergo to receive emergency energy aid from 15 EU countries

National Power Company Ukrenergo has signed an agreement with 15 system operators of European Network of Transmission System Operators for Electricity (ENTSO-E). It will allow Ukrenergo to seek assistance in unforeseen situations. “The agreement is another important contribution to Ukraine’s energy stability and resilience. Thanks to the solidarity and determination of our friends, Ukrenergo can…