Today’s News Friday, June 24 Ukraine has received EU candidate status. European Union leaders have agreed to grant Ukraine and Moldova EU candidate status. “This is a historic moment,” said European Council President Charles Michel. “Today marks a crucial step on your path towards the EU,” he...
Wednesday, June 22 U.S. Attorney General arrives in Ukraine to meet with Attorney General Iryna Venedyktova.
Economy The UK will help Ukraine with de-mining the Black Sea coast. The United Kingdom is willing to assist with the de-mining operation around Ukraine’s Black Sea coast to release food supplies, said Boris Johnson. “I don’t want to get into the technical... #BorisJohnson #DeMineOdesa #DeminingBlackSea
Economy The US will train Ukrainian fighter pilots on F-15 and F-16 fighter jets. “The US Congress introduced a bill that will allow the United States to begin training Ukrainian pilots and aircrew members on F-15s, F-16s, and other air platforms while the administration cont... #F15 #F16 #FighterJetsTraining #UkraineTrainedByUS
Economy The US officially announces a $450M military assistance package for Ukraine. The White House has officially announced the allocation of an additional $450M in defense support for Ukraine to ensure the transfer of more weapons and equipment to the armed forces, including HIMARS... #JoeBiden #TheUEmilitaryAir #Ukrainewar #WarinUkrane
Economy The PM of Portugal fears that Ukraine's EU integration could become a trap. Portuguese Prime Minister Antonio Costa said that Ukraine’s integration into the EU could lead to its destruction, rather than strengthening it, and devolve into a trap for Ukraine if consistent deci... #AntonioCosta #UkraineEU #UkraineinEU
EconomyFinance The NBU has printed another UAH 35B for the government. The National Bank of Ukraine (NBU) bought domestic government bonds from the Ministry of Finance for UAH 35B ($1.1B), reported the state bank. The economy is gradually adapting to the war, and state ... #Bonds #nbu #NBUprintingMoney
AgricultureEconomyEnergy The EU expects Ukraine to export more grain, but receive iron ore. While the ports are blocked, the Ukrainian agricultural sector is trying to develop new export logistics by rail, road, and river across the border with EU countries. The average daily volume of rail... #grainexport #IronOre #IronOreExport #UkraineExport
Economy Ukrenergo has received the first €50M from the EBRD to increase liquidity. State company Ukrenergo has received the first €50M from the European Bank for Reconstruction and Development (EBRD). It is provided under credit agreements to increase liquidity, and is planned to co... #ebrd #Kyivteploenerho #Ukrenergo #Ukrhydroenergo
EconomyTech Turkish UAV with a Ukrainian engine sets a new record. The Turkish Akıncı UAV, created by Baykar Makina, which has a Ukrainian-made engine, has set a new altitude record. According to technical director Selcuk Bayraktar, “Akıncı has again broken its... #BaykarMakina #Bayraktar #Bayraktardrones #motorsich #TurkishUAV
EconomyTech Ukrainian IT exports in 2022 have already earned $3.2B. According to the National Bank of Ukraine, in the first five months of 2022, the IT industry brought $3.2B to the Ukrainian economy. According to the IT Ukraine Association, as of June 1, the IT sect... #IT #ITexport #ITukraine #nbu
Economy Biden is not afraid of fatigue from the war in Ukraine. US President Joe Biden is not afraid of the risk of global fatigue from the war in Ukraine increasing, reported Bloomberg. Biden commented on Prime Minister Boris Johnson’s statement that there... #fatiguefromwar #JoeBiden #Ukrainewar #WarinUkraine
EconomyEnergy The price of oil is falling amid expectations of Biden’s announcement to suspend the fuel tax. Oil prices fell more than $6 a barrel in response to US President Joe Biden’s lobbying to lower rising fuel prices, including pressure on the country’s primary energy companies. Futures f... #GlobalOilPrice #GrudeOil #JoeBiden #OilPrices #OliPrices2022
Economy Europe has been advised to prepare for winter without Russian gas. The head of the International Energy Agency (IEA), Fatih Birol, has advised Europe to prepare urgently in anticipation of Russia to completely cutting off gas supplies in the winter. According to Biro... #EUenergy #EUwithoutRussianGas #FatihBirol #RussianGasBan
EconomyEnergy The EU will temporarily switch to coal to compensate for decreased Russian gas. Elina Bardram, the European Commission’s executive director for international affairs and climate finance, said the EU will temporarily return to using coal-fired power plants to make up for th... #EUcoalPlants #EUenergy #EUwithoutRussianGas
Economy Ukraine might obtain EU candidate status tomorrow. Ukraine is awaiting approval of its EU candidate status at the EU Council summit on the morning of 24 June, with the possibility of this decision being made in the evening of 23 June, stated the Depu... #EUcandidateStatus #EUmembership #UkraineinEU
Economy EU candidate status will boost Ukraine’s economic growth. EU candidate status will strengthen Ukraine’s economic growth and send a positive signal to investors, said American Chamber of Commerce President Andy Hunder. He added, “EU candidate stat... #ACC #AndyHunder #EUcandidate #EUcandidateStatus
EconomyEnergy Oil refining has been stopped completely in Ukraine. Ukraine’s entire oil refining industry has ceased to work due to targeted Russian rocket attacks, said the CEO of Naftogaz, Yuriy Vitrenko. “All oil refining in Ukraine is currently at a halt du... #CEOnaftogaz #Naftogaz #refiningindustry #YuriyVitrenko
EconomyFinance The Ministry of Finance denies an additional import duty of 10%. Chairman of the Committee on Finance, Tax and Customs Policy Danylo Hetmantsev struck down the possibility of introducing an additional 10% import duty on non-critical imports, while the elimination o... #DanyloHetmantsev #Export #Import #ImportDuty #UkraineImportDuty
AgricultureEconomy There are no concrete agreements on negotiations to unblock grain exports. So far, no concrete agreements have been reached on holding quadripartite talks with Ukraine, Russia, Türkiye`, and the United Nations to resolve the issue of grain exports from Ukrainian seaports bl... #BlckedSeaPorts #grainexport #GrainfromUkraine
Economy Nothing about Ukraine without Ukraine. German Chancellor Olaf Scholz said that only Ukraine should decide on its future and opposed any agreement not endorsed by Kyiv. “Ukraine – and only Ukraine – decides what suits them... #GermanyandUkriane #OlafScholz #WarinUkraine
EconomyEnergy Advocates for Ukrainian business call for a reduction in rent for mining. Business leaders favor lowering the rent for the extraction of minerals during the war, which will support the mining and metallurgical industry, which has had its production reduced by 53%, said the... #ExtractionRent #MiningUkraine
Economy Ukraine’s military spending is up to $6B a month; $7.5B will not be enough. The $7.5B in aid planned by the US administration will not be enough for Ukraine to effectively cover the costs of the full-scale Russian invasion, warned the head of the USAID, Samantha Power. Accord... #FinancialAid #SamanthaPower #USAID
Economy U.S. Attorney General arrives in Ukraine to meet with Attorney General Iryna Venedyktova. Attorney General Merrick Garland announced a War Crimes Accountability team during an unannounced trip to Ukraine on Tuesday that will work to identify and prosecute anyone who has committed war cri... #IrynaVenedyktova #MerrickGarland #MerrickGarlandInUkraine #USAttorneyGeneral
Economy The Ukrainian parliament supports the duty-free regime. The Ukrainian Parliament supports a bill that provides Ukraine’s accession to the Convention on the standard customs-free transit procedure. The document envisages the unification of rules on o... #DutyFreeRegime #DutyFreeWithEU #EUdutyFree
EconomyFinance The government has resumed the taxation of imports and cars cleared through customs. The Ukrainian parliament re-established the customs duties for individuals when importing vehicles as well as the VAT on imported goods. The resumption of VAT payment on imports came into force for f... #Export #Import #TaxesinUkraine #UkraineTaxation
EconomyFinance State budget revenue show a 11% surplus in the first quarter. In the first quarter of 2022, Ukraine’s state budget revenue needs were exceeded by 11% due to the early payment of dividends. However, moving forward, the solvency of the country’s budge... #StateBUdgetRevenue #UkraineBudget2022 #UkraineStateBudget #ValeryPatskan
EconomyFinance The state budget receives 30% of customs and 70% of tax revenues. Today, the state budget receives 30% of customs and 70% of pre-war tax revenues, said Finance Minister Serhiy Marchenko for EBA. He noted that Ukraine’s state budget is currently adjusted to mar... #BudgetRevenue #UkraineBudget2022 #UkraineStateBudget
Energy Naftogaz has increased payments to the government by 34%. In January-May 2022, compared to the same period in 2021, Ukraine’s national gas and oil company Naftogaz, increased payments to the state budget (excluding dividends) by 34.3% to UAH 47B ($1.5... #BudgetRevenue #Naftogaz #NaftogazUkraine #YuriyVitrenko
Economy Ukraine’s losses from destroyed housing, business, and infrastructure amount to half of the GDP. The National Bank of Ukraine estimates Ukraine’s losses from destroyed housing, business, and infrastructure due to Russian aggression at 50% of 2021’s GDP, or $100B. In addition, this figure i... #UkraineDamages #UkraineWarDamages #WarDamages #WarLosses
Economy The Baltic states are asking the EU for help with the support of Ukrainian refugees. The leaders of Lithuania, Latvia, and Estonia addressed a joint letter to the President of the European Council, Charles Michel, and the President of the European Commission, Ursula von der Leyen. Th... #BalticStates #CharlesMichel #RefugeesFromUkraine #Ukraine Refugees