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Russia plans to annex Ukrainian regions this Friday.

Today’s News

Friday, September 30

Russia plans to annex Ukrainian regions this Friday. Russia’s president will sign treaties on Friday to absorb four eastern and southern Ukraine regions following annexation votes condemned as illegal by Kyiv’s government and the United Nations. His spokesman said ...

Olaf Scholz expressed annoyance at calls to supply Ukraine with its main battle tanks.

Thursday, September 29

Olaf Scholz expressed annoyance at calls to supply Ukraine with its main battle tanks.

Russia is believed to have damaged the Nord Stream pipelines to sabotage the EU.

Wednesday, September 28

Russia is believed to have damaged the Nord Stream pipelines to sabotage the EU.

The US Congress will severely punish any attempt to circumvent oil sanctions against Russia.

Tuesday, September 27

The US Congress will severely punish any attempt to circumvent oil sanctions against Russia.

The US warns of catastrophic consequences if Russia uses nuclear weapons.

Monday, September 26

The US warns of catastrophic consequences if Russia uses nuclear weapons.

Morning Economic Digest

Straight, factual, timely and investable business news and economic trends from Ukraine, Europe’s next Frontier Economy.

Today’s News

Friday, September 30

The Nord Stream inspection found a fourth leak in the pipeline.

The Nord Stream inspection found a fourth leak in the pipeline. Germany’s ambassador to the UK said a fourth leak had been discovered in the Nord Stream pipelines connecting Russia to Germany. Moreover, the leaks provide a “solid indication” these were acts of sab...

NATO calls the damage to the Nord Stream pipelines sabotage.

NATO calls the damage to the Nord Stream pipelines sabotage. NATO believes that the damage to the Nord Stream 1 and Nord Stream 2 gas pipelines in the Baltic Sea is the result of deliberate, reckless, and irresponsible acts of sabotage. In its statement, the al...

Russian Gazprom has paid for the entire October transit through Ukraine.

Russian Gazprom has paid for the entire October transit through Ukraine. According to RBC-Ukraine, the Russian monopolist paid Naftogaz-Ukraine for an entire month of gas transit. At the same time, it is noted that the payment will not prevent Moscow from cutting off physi...

The US and Germany remain indecisive about whether to send battle tanks to Ukraine.

The US and Germany remain indecisive about whether to send battle tanks to Ukraine. Ukraine’s allies have recently held talks at various levels regarding the possibility of sending Abrams and Leopard NATO-standard battle tanks to Ukraine, reported Bloomberg. A US State Department s...

The US will buy $3B worth of arms for Ukraine from South Korea.

The US will buy $3B worth of arms for Ukraine from South Korea. The US will buy South Korean-made weapons for Ukraine, which will be delivered through the Czech Republic, reported iDnes. According to the publication, the United States will pay for the weapons, wh...

Canada plans to help rebuild Ukrainian Railways.

Canada plans to help rebuild Ukrainian Railways. Canadian partners will take part in solving logistical problems in expanding the carrying capacity of the Ukrainian railway system. In particular, the Canadian Pacific Railway Company (CP) and the Can...

Ukraine exceeded pre-war export figures to the EU.

Ukraine exceeded pre-war export figures to the EU. According to August’s results, Ukrainian exports to EU countries almost reached pre-war levels. And according to the results of the first three quarters, they will even exceed the corresponding pre-wa...

In 2022, renewable energy producers received UAH 25B.

In 2022, renewable energy producers received UAH 25B. Since the beginning of 2022, the Guaranteed Buyer state enterprise has paid out UAH 24.8B to producers of electricity from renewable sources. According to the company’s data, Guaranteed Buyer pa...

Ukraine and the EU have coordinated steps to prepare Ukraine for membership.

Ukraine and the EU have coordinated steps to prepare Ukraine for membership. Deputy Prime Minister Olga Stefanishyna met with EU Commissioner Oliver Vargei to discuss Ukraine’s implementation of the seven recommendations from the European Commission, which are a prerequi...

The World Bank warns about world economic recession.

The World Bank warns about world economic recession. World Bank President David Malpass has warned that a period of low growth and high inflation could drag on for years because of Russia’s invasion of Ukraine, as markets transition and wean off Russian...

Thursday, September 29

Olaf Scholz expressed annoyance at calls to supply Ukraine with its main battle tanks.

Olaf Scholz expressed annoyance at calls to supply Ukraine with its main battle tanks. According to the chancellor, the debate about tanks “completely ignores the fact that through our circular exchange, we have also allowed more than 100 battle tanks and infantry fighting vehicl...

Russian sham referenda are a pure violation of international law.

Russian sham referenda are a pure violation of international law. EU member states condemn in the “strongest possible terms” the illegal referenda organized by Russia in Ukraine, EU’s chief diplomat Josep Borrell said Wednesday. Borrell urged the intern...

The EBRD has worsened Ukraine’s economic forecast for 2023.

The EBRD has worsened Ukraine’s economic forecast for 2023. The EBRD maintained its May forecast for the Ukrainian economy’s decline in 2022 but lowered its projections for Ukraine’s economic growth next year. Earlier this year, the EBRD predicted the drop in...

Ukraine needs $15B to restore irrigation.

Ukraine needs $15B to restore irrigation. In Ukraine, almost five million hectares of agricultural land need restoration of land reclamation systems, which will require approximately $15B in investments. According to an adviser to the Ministe...

The US Senate votes to provide $12B for Ukraine.

The US Senate votes to provide $12B for Ukraine. The US Senate passed a temporary funding bill, the Washington Post reports. Among other things, the draft law offers Ukraine a package of assistance in its fight against Russian forces for more than $...

The US is preparing a new weapons package worth $1.1B for Ukraine’s fight against Russia.

The US is preparing a new weapons package worth $1.1B for Ukraine’s fight against Russia. Funds from the Ukraine Security Assistance Initiative (USAI), appropriated by Congress, are expected to be used to allow the Biden administration to procure weapons from the military-industrial comple...

The new EU sanction package will target more than 1,300 Russian people and entities.

The new EU sanction package will target more than 1,300 Russian people and entities. The new package of sanctions proposed on Wednesday by the European Commission will target more than 1,300 people and entities, EU foreign policy chief Josep Borrell said. “This list targets key...

Ukraine has captured more of the enemy’s equipment than it has received from its partners.

Ukraine has captured more of the enemy’s equipment than it has received from its partners. Since the beginning of the war, according to official statistics alone, Ukraine has taken possession of about 400 tanks, 700 armored vehicles, and 170 artillery systems as trophies. This is more than...

The EU has presented the eighth package of sanctions against the Russian Federation.

The EU has presented the eighth package of sanctions against the Russian Federation. The European Commission presented its eighth package of sanctions against Russia, which will include a ban on importing Russian products, worth €7B per year, and introducing a legal basis for limiting...

Zelenskyy has approved excise taxes on fuel.

Zelenskyy has approved excise taxes on fuel. President Volodymyr Zelenskyy signed a Law on the resumption of excise taxes on gasoline, diesel, biofuel, and autogas. In March, the excise tax on fuel was suspended through tax legislation implement...

The Ukrainian government will launch a customs visa-free program beginning October 1.

The Ukrainian government will launch a customs visa-free program beginning October 1. The Cabinet of Ministers approved resolutions allowing Ukraine to join the convention on common transit procedure that will simplify formalities involved in the trade in goods, known as, customs visa-...

Money transfers to Ukraine have fallen by 12%.

Money transfers to Ukraine have fallen by 12%. From January to July 2022, $7.6B was transferred to Ukraine through official and unofficial channels. Despite the war, this is only 5.7% less than in the same period of the previous pre-war year. At t...

Wednesday, September 28

Russia is believed to have damaged the Nord Stream pipelines to sabotage the EU.

Russia is believed to have damaged the Nord Stream pipelines to sabotage the EU. The Swedish National Seismic Network (SNSN) said Tuesday that it detected two explosions on Monday near the area of the Nord Stream pipelines. The first explosion was recorded at 2:03 a.m. and the sec...

Europe is prepared to get through the winter without Russian gas.

Europe is prepared to get through the winter without Russian gas. This winter, Europe will be able to buy almost 40% more liquefied natural gas (LNG) than last year. These supplies will be enough to compensate for the complete shutdown of Russian gas pipelines that ...

Ukrainian business will be able to borrow billions from the US federal government.

Ukrainian business will be able to borrow billions from the US federal government. The United States Development Finance Corporation (DFC), an agency of the US federal government, is ready to lend money to Ukrainian businesses within the framework of individual projects in amounts r...

The UK has responded with sanctions to the pseudo-referendums.

The UK has responded with sanctions to the pseudo-referendums. Great Britain has announced new sanctions against Russian oligarchs, state-owned companies, and collaborators in response to the Russian regime’s holding of sham referendums in four regions of U...

The US supports Ukraine in using Western weapons to regain its territory.

The US supports Ukraine in using Western weapons to regain its territory. US Secretary of State Antony Blinken vowed that Ukrainians would be able to use weapons provided by the United States to regain its territory, including in the regions that are expected to soon be ann...

Ukrainian coal will arrive in Poland this week.

Ukrainian coal will arrive in Poland this week. The first shipments of Ukrainian coal will arrive in Poland within a week. Recently, the Ukrainian government approved the quota of 100,000 tons for Poland. Additionally, the head of the Office of th...

Poland has launched the Baltic Pipeline to import Norwegian gas.

Poland has launched the Baltic Pipeline to import Norwegian gas. On September 27, Poland officially opened a gas pipeline called the Baltic Pipe with a capacity of 10 billion cubic meters per year. It will become a new channel for Norwegian gas to Europe, reports T...

The IAEA will increase the scope of its mission at the Zaporizhzhia NPP.

The IAEA will increase the scope of its mission at the Zaporizhzhia NPP. On the sidelines of the UN General Assembly an agreement was reached with IAEA Director General Rafael Grossi on increasing their mission parameters at the Zaporizhzhia NPP, Prime Minister Denys Shmy...