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The US will not lift sanctions on Russia in exchange for access to Ukrainian ports.

Today’s News

Friday, May 27

The US will not lift sanctions on Russia in exchange for access to Ukrainian ports. US State Department spokesman Ned Price said the United States has rejected Russia’s proposals to lift sanctions in exchange for allowing access to Ukrainian ports. “Of ...

A joint UK, EU, and US group will document war crimes in Ukraine.

Thursday, May 26

A joint UK, EU, and US group will document war crimes in Ukraine.

The war in Ukraine is not regional, it is a global problem.

Wednesday, May 25

The war in Ukraine is not regional, it is a global problem.

Zelenskyy’s video address to the World Economic Forum calls for maximum sanctions against Russia.

Tuesday, May 24

Zelenskyy’s video address to the World Economic Forum calls for maximum sanctions against Russia.

The European Union will open its doors to Ukraine in June.

Monday, May 23

The European Union will open its doors to Ukraine in June.

Morning Economic Digest

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

Today’s News

Friday, May 27

The EU summit on May 30 will not waiver on providing arms for Ukraine.

The EU summit on May 30 will not waiver on providing arms for Ukraine. EU leaders will shortly vow to continue arming and financing Ukraine in the face of unspeakable Russian atrocities, suffering, and destruction reported EUobserver. “The European Union is unwav...

Russia is

Russia is "weaponizing energy" amid the war in Ukraine. Russia’s invasion of Ukraine and the ensuing sanctions from the West have sent oil prices skyrocketing, lifting gasoline and diesel prices in the US to unprecedented levels, reported CNN. Natural gas...

During the three months of full-scale war, the NBU printed UAH 120B.

During the three months of full-scale war, the NBU printed UAH 120B. Ukraine needs $5B a month for the budget to function, and in three months, the National Bank of Ukraine (NBU) has “printed” UAH 120B ($4.1B) for this purpose, reported the Ministry of Fina...

Ukraine's international reserves in May stand at $27B.

Ukraine's international reserves in May stand at $27B. At the beginning of May, the level of international reserves in Ukraine amounted to about $27B. According to Deputy Chairman of the National Bank of Ukraine (NBU) Serhiy Nikolaychuk, Ukraine spends ...

The EBRD lends €20M to Ukrainian pharmaceutical company Farmak.

The EBRD lends €20M to Ukrainian pharmaceutical company Farmak. The EBRD is lending €20M to a leading Ukrainian pharmaceuticals manufacturer under its €2B Resilience and Livelihoods Framework, supporting countries affected by the war in Ukraine. The financing, wh...

Ukraine wants partner countries to issue state guarantees for investing in Ukraine.

Ukraine wants partner countries to issue state guarantees for investing in Ukraine. The Ukrainian government is working with its partner countries to provide state guarantees to their companies for investments in Ukraine, stated Ukraine Prime Minister Denys Shmyhal at the World Econ...

Putin should not win his war, states Olaf Scholz.

Putin should not win his war, states Olaf Scholz. Speaking at the World Economic Forum in Davos, German Chancellor Olaf Scholz described Russia’s aggressive war in Ukraine as a failure and said Putin should not win. “He has already misse...

Russia must be prosecuted for the war crimes in Ukraine, Finland's prime minister says after visiting Bucha.

Russia must be prosecuted for the war crimes in Ukraine, Finland's prime minister says after visiting Bucha. Finland’s Prime Minister Sanna Marin came to Kyiv to meet President Zelenskyy, and she also visited the cities of Irpin and Bucha, where Russia has committed war crimes. After hearing testimoni...

A new IT town will be built in the Lviv region.

A new IT town will be built in the Lviv region. The construction of an IT town for representatives of creative industries has been planned in the Lviv region, said President of the International Technology Transfer Association (ITTA) Artem Honchare...

MacPaw invests $1M in the development of the Promprylad innovation center.

MacPaw invests $1M in the development of the Promprylad innovation center. The Ukrainian company MacPaw has become the largest investor in the Promprylad project in Ivano-Frankivsk. During the war, the company invested $1M in the center’s development, increasing the to...

Thursday, May 26

A joint UK, EU, and US group will document war crimes in Ukraine.

A joint UK, EU, and US group will document war crimes in Ukraine. US Secretary of State Antony Blinken announced the launch of a new joint UK, EU, and US group to help support the efforts of the Ukrainian Prosecutor General to document war crimes and other atrociti...

The world is indecisive about providing MLRS for Ukraine, but Ukraine needs them ASAP.

The world is indecisive about providing MLRS for Ukraine, but Ukraine needs them ASAP. During the World Economic Forum, Ukrainian Foreign Minister Dmytro Kuleba noted that Ukraine is now in critical need of Multiple Launch Rocket Systems (MLRS), and allies that could provide them are w...

The President of the European Council is confident the Russian oil ban will be resolved by Monday.

The President of the European Council is confident the Russian oil ban will be resolved by Monday. Charles Michel is confident that any issues over the proposed ban on Russian oil imports will be resolved by the next council meeting on May 30. Addressing a news conference alongside Swedish Prime M...

If Ukraine loses the war, Latvia will be next.

If Ukraine loses the war, Latvia will be next. Latvian Defense Minister Artis Pabriks called on its partners to increase support for Ukraine so that they do not have to defend themselves. “Ukraine is currently fighting our war, and if it lo...

Britain will not ease sanctions against Russia in exchange for a grain export corridor.

Britain will not ease sanctions against Russia in exchange for a grain export corridor. The Minister of Defense of the United Kingdom, Ben Wallace, rejected the idea of easing sanctions against Russia in exchange for a grain export corridor through Ukraine, reported Reuters. Earlier on...

The German president calls on Putin to hold serious and direct talks with Zelenskyy.

The German president calls on Putin to hold serious and direct talks with Zelenskyy. German President Frank-Walter Steinmeier has called on Russian President Vladimir Putin to withdraw troops from Ukraine immediately, Spiegel reports. “Respect Ukraine’s sovereignty, stop ...

Russia will not be able to service its public debt in dollars.

Russia will not be able to service its public debt in dollars. The US Treasury Department has announced that it will not renew the general license that temporarily allowed Russia to make payments to service its foreign debt in dollars while under sanctions. “The ...

Ukraine needs to return to the pre-war tax system.

Ukraine needs to return to the pre-war tax system. Minister of Finance Serhiy Marchenko believes that Ukraine should return to the pre-war tax system. “I believe that Ukraine needs to return to the pre-war tax system. We need to decide what we w...

Ukraine wants to expand its loan program for farmers.

Ukraine wants to expand its loan program for farmers. The Ministry of Agrarian Policy is initiating the expansion of affordable lending for farmers working in agricultural processing. Deputy Minister Taras Vysotsky stated that the financing of the sowin...

Oil prices have risen to $115 a barrel.

Oil prices have risen to $115 a barrel. Oil prices rose at the beginning of trading on Wednesday due to limited stocks and the prospect of growing demand in connection with the upcoming start of the summer driving season in the United Stat...

The EBRD intends to invest $1B in Ukraine this year.

The EBRD intends to invest $1B in Ukraine this year. The European Bank for Reconstruction and Development (EBRD) plans to invest $1B in 2022 and is ready to finance Naftogaz, said Bank President Odile Reno-Basso. “We want to continue investing, an...

Ukrainian developers have started to resume residential construction work.

Ukrainian developers have started to resume residential construction work. According to the LUN.ua portal, 92% of residential complexes in the Cherkasy region resumed work on construction sites. As of the end of May, construction remains completely frozen in the Sumy, Kiro...

Wednesday, May 25

The war in Ukraine is not regional, it is a global problem.

The war in Ukraine is not regional, it is a global problem. The war in Ukraine is a global problem, not exclusively a European problem said US President Joe Biden during a meeting in Tokyo. Stressing that Washington and its close domestic partners would insis...

The EU has approved the fourth tranche of military assistance to Ukraine.

The EU has approved the fourth tranche of military assistance to Ukraine. The EU Council has approved the allocation of the fourth tranche of aid from the European Peace Fund (EPF) in the amount of €500M, which will allow the EU to support the Ukrainian army with weapons. T...

Russian grain theft can be seen from space.

Russian grain theft can be seen from space. Satellite images from Maxar Technologies recorded the loading of Ukrainian grain on Russian ships in the port of temporarily occupied Sevastopol. It is noted that the new photos show the vessel Matro...

Russia is using food supplies as a weapon as it did with energy supplies.

Russia is using food supplies as a weapon as it did with energy supplies. Russia is using a similar scheme with food supplies as it did with energy and weaponizing the sector with global repercussions, said Ursula von der Leyen to the World Economic Forum. The European Comm...

The EU has abolished customs duties on all exports from Ukraine.

The EU has abolished customs duties on all exports from Ukraine. The EU Council has adopted a provision introducing temporary trade liberalization and other trade concessions on certain Ukrainian goods. This means that import duties on all Ukrainian exports to the ...

Poland calls on Germany to close Nord Stream 1 due to the Russian invasion.

Poland calls on Germany to close Nord Stream 1 due to the Russian invasion. “Germany should close the Nord Stream 1 pipeline by the end of the year. Work should begin on the seventh package of sanctions against Russia for its armed aggression against Ukraine,” said the head ...

Ukraine is unlikely to receive EU status soon.

Ukraine is unlikely to receive EU status soon. Ukraine is unlikely to become a candidate for membership in the European Union in the near future, stated the Prime Minister of the Netherlands, Mark Rutte. He said that too many EU countries do not ...

The Ukraine Ministry of Finance has placed UAH 12.6B in military bonds.

The Ukraine Ministry of Finance has placed UAH 12.6B in military bonds. On May 24, the Ministry of Finance placed more than UAH 12.6B ($40M) worth of military bonds, which is almost twice as much as last week, announced the Ministry of Finance. The placement was as follo...