On June 28, the Finance Ministry placed government domestic bonds worth more than UAH 2 billion. A total of UAH 306.8 million was raised in the state budget through the placement of three-month hryvnia-denominated bonds, UAH 30.05 million – six-month bonds and UAH 12.6 million – 1.5-year bonds. In addition, a total of $46.4 million…
The Ukrainian court ruled to seize property belonging to Russian corporations totaling more than UAH 4.5 billion. The Office of the Prosecutor General noted that the pre-trial inquiry launched into the plotting and conducting an aggressive war against Ukraine identified assets of Russian corporations, including those hidden in offshore jurisdictions, that could be used in…
Minors will no longer be able to buy lottery tickets in Lithuania under a new law passed on June 28. The parliament adopted the amendments to the Law on Lotteries in a vote of 88 to seven with 23 abstentions. The ban will come into effect in January 2023. The new legislation will also prohibit…
Inflation in Poland is expected to continue to rise, the Polish government spokesman has said. Poland is battling one of the highest inflation rates the country has seen in years. According to the Central Statistical Office, prices of consumer goods and services (Consumer Price Index, CPI) increased by 13.9% YoY and by 1.7% MoM in…
Ukraine received an additional JPY 65-billion (about $500 million) concessional loan under a loan agreement signed by Finance Minister Sergii Marchenko and President of the Japan International Cooperation Agency Jaika (JICA) Akihiko Tanaka. The funds are directed to the state budget to finance priority social and humanitarian expenditures, healthcare, etc. The loan is provided on…
London is ready to provide another $525 million in guarantees for World Bank lending later this year. The UK government said this in a press release. This lending is covering costs like Ukrainian public sector wages, and the running of schools and hospitals. The new support announced by the UK government brings the total amount…
US Senator Richard Joseph Durbin, currently in Vilnius, has called for no exceptions to the existing EU sanctions for Russia on Kaliningrad transit. Lithuania is imposing EU sanctions, which is “entirely consistent with the American and NATO approach to dealing with Pootin,” he said after accepting the Aleksandras Stulginskis Star award at the Lithuanian parliament.…