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Ukraine ratified the mineral agreement with the US: What do we need to know about the partnership?

Today’s News

Friday, May 9

Ukraine ratified the mineral agreement with the US: What do we need to know about the partnership? The first contribution will come from the US International Development Finance Corporation (DFC). According to Minister of Economy of Ukraine Yulia Svyrydenko, Ukrain...

Russia and Ukraine exchanged airstrikes against each other ahead of the anniversary of victory day in World War II.

Thursday, May 8

Russia and Ukraine exchanged airstrikes against each other ahead of the anniversary of victory...

Trump plans to use oil prices and the Ukrainian mineral deal to pressure Putin into accepting peace.

Wednesday, May 7

Trump plans to use oil prices and the Ukrainian mineral deal to pressure Putin into accepting...

Trump is considering the introduction of new sanctions against Russia.

Tuesday, May 6

Trump is considering the introduction of new sanctions against Russia.

Ukraine is ready for a ceasefire starting May 7, but it must be 30 days in length.

Monday, May 5

Ukraine is ready for a ceasefire starting May 7, but it must be 30 days in length.

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 9

Russia declared a three-day

Russia declared a three-day "truce" but has continued to attack Ukraine. At midnight on May 8, Russia announced the start of a three-day truce with Ukraine, lasting from May 8 to midnight on May 11, to mark the 80th anniversary of the Allied victory in World War II. Howeve...

The US and Russia discuss options for restoring Russian gas supplies to Europe.

The US and Russia discuss options for restoring Russian gas supplies to Europe. According to Reuters, restoring Russia’s role in the European gas market is viewed as a potential component of a peace deal with Putin, and US involvement in this process could alleviate politic...

European exports to Ukraine are growing faster than imports of Ukrainian goods.

European exports to Ukraine are growing faster than imports of Ukrainian goods. Last year, the European Union exported goods valued at €42.8B to Ukraine and imported €24.5B, resulting in a trade surplus of €18.3B, according to Eurostat data. Compared to 2023, exports and imports ...

Defense experts outline possible conditions for the export of Ukrainian defense industry products.

Defense experts outline possible conditions for the export of Ukrainian defense industry products. Ihor Fomenko, the General Director of the Defense Division of the Federation of Employers of Ukraine, stated that several options for exporting Ukrainian defense products are currently being considere...

The EC plans to open all clusters in Ukraine's EU accession negotiations.

The EC plans to open all clusters in Ukraine's EU accession negotiations. The European Commission is optimistic about the future of membership negotiations with Ukraine and Moldova and hopes to open all six negotiation clusters this year, said Gert Jan Koopman, Head of the ...

Ukrainian farmers are investing in orchards and exporting products to the EU and the Middle East.

Ukrainian farmers are investing in orchards and exporting products to the EU and the Middle East. The Dniester Gardens company plans to plant 30 hectares of apricot trees in Bukovyna in 2025. This enterprise has been operating for 15 years and grows agricultural products on an area of 338 hectares...

The Ministry of Agrarian Policy has named new promising crops for Ukrainian farmers.

The Ministry of Agrarian Policy has named new promising crops for Ukrainian farmers. Deputy Minister of Agrarian Policy Taras Vysotsky stated that beginning this year, the cultivation of industrial hemp in Ukraine has been entirely deregulated. Now, anyone registered in the relevant r...

For every new individual enterprise in Ukraine, there are currently 1.5 closures.

For every new individual enterprise in Ukraine, there are currently 1.5 closures. According to the Opendatabot analytical portal, 81,928 individual entrepreneurs have opened in Ukraine since the beginning of the year, which is 9% less than during the same period last year. Meanwhil...

Defense IT company TEKEVER, with offices in Ukraine, became a unicorn after attracting $500M.

Defense IT company TEKEVER, with offices in Ukraine, became a unicorn after attracting $500M. Portuguese IT startup TEKEVER, specializing in developing AI-equipped reconnaissance drones, raised approximately $500M in investment, boosting its valuation to $1.25B. Investors fully supported this ...

The war has raised the cost of a square meter of housing in Ukraine by 100%.

The war has raised the cost of a square meter of housing in Ukraine by 100%. Over the three years of the war, the cost of housing construction in Ukraine has increased by an average of 90-115%, depending on the housing class, and it continues to grow. The reasons lie not only ...

Thursday, May 8

Russia and Ukraine exchanged airstrikes against each other ahead of the anniversary of victory day in World War II.

Russia and Ukraine exchanged airstrikes against each other ahead of the anniversary of victory day in World War II. On May 7, Russia launched four ballistic missiles and 142 drones targeting Kyiv and other regional centers overnight, President Zelenskyy said on Wednesday. As a result of the attack, two people were ...

Kellogg has stated that Ukraine has agreed to freeze the war.

Kellogg has stated that Ukraine has agreed to freeze the war. The US President’s Special Envoy for Ukraine, Keith Kellogg, has proposed the establishment of a demilitarized zone under joint Ukrainian-Russian control. He believes that a ceasefire “in ...

Despite official statements, the EU’s complete elimination of Russian gas is problematic.

Despite official statements, the EU’s complete elimination of Russian gas is problematic. In the absence of sanctions, it will be difficult for European buyers to terminate gas contracts under force majeure conditions. While a possible peace agreement between Russia and Ukraine may ease sa...

Do the details of the subsoil agreement with the US ensure parity?

Do the details of the subsoil agreement with the US ensure parity? The framework intergovernmental agreement between Ukraine and the US apparently contains two unpublished documents that were signed in Washington. According to these documents, the American side will ...

The EC has proposed its 17th package of Russian sanctions: Where will the blow land?

The EC has proposed its 17th package of Russian sanctions: Where will the blow land? The European Commission has finalized the preparation of the 17th package of sanctions targeting Russia, proposing restrictions on more than 150 vessels associated with the Russian shadow fleet that i...

The US-Ukraine mineral resources agreement provides the $1.2B Black Iron ore project a boost.

The US-Ukraine mineral resources agreement provides the $1.2B Black Iron ore project a boost. Canadian mining company Black Iron Inc., which operates the Shymanivske iron ore project, has supported the signing of a joint mineral resources agreement between Ukraine and the US, hoping that the d...

Business experts predict growth in Ukrainian exports.

Business experts predict growth in Ukrainian exports. The President of the Ukrainian Chamber of Commerce and Industry (UCCI) Gennady Chyzhykov noted that last year the volume of Ukrainian exports reached 129.2 million tons of goods ($41B). The continuati...

What Ukrainian goods and services are in high demand in EU markets?

What Ukrainian goods and services are in high demand in EU markets? Experts from the EasyBusiness NGO and Civitta, within the framework of the Better Market Connectivity of Ukraine to the EU project, conducted a comprehensive analysis of the export opportunities for U...

Ukrainians increased their tax contributions to the Polish budget by 27% last year.

Ukrainians increased their tax contributions to the Polish budget by 27% last year. In 2024, Ukrainians paid nearly PLN 1.65B ($414M) to the Polish state budget in personal income taxes (PIT) and corporate income taxes (CIT), according to Gremi Personal analysts. This represents an i...

Norwegian Norfund has identified priority areas for €14.5M in investment in Ukraine.

Norwegian Norfund has identified priority areas for €14.5M in investment in Ukraine. Ukrainian leadership from the Ministry of Finance held a working meeting with representatives of the Norwegian Norfund investment fund, during which they discussed opportunities for Ukraine’s re...

Ukraine real estate developers will launch several shopping malls in Kyiv.

Ukraine real estate developers will launch several shopping malls in Kyiv. Next year, A Development will open two shopping complexes in Kyiv: The White Lines shopping mall and the A-Station passage. The White Lines shopping mall will open in early 2026, covering an area of 2...

Scientists have analyzed a portion of the land surrounding the Chornobyl Exclusion Zone and declared it suitable for agriculture.

Scientists have analyzed a portion of the land surrounding the Chornobyl Exclusion Zone and declared it suitable for agriculture. For the first time, experts have recognized Ukrainian lands that were excluded from cultivation after the Chornobyl accident in 1986 as appropriate for agricultural use. For more than 30 years, the 2,...

Wednesday, May 7

Trump plans to use oil prices and the Ukrainian mineral deal to pressure Putin into accepting peace.

Trump plans to use oil prices and the Ukrainian mineral deal to pressure Putin into accepting peace. US President Donald Trump stated that falling oil prices are increasing pressure on Russia and raising the likelihood of a peace deal being reached that will end the war in Ukraine. “Now that oi...

Russian oil prices have fallen to a two-year low and are already 40% below the budget target.

Russian oil prices have fallen to a two-year low and are already 40% below the budget target. The Russian economy is showing a decline for the first time since 2022. The price of Russian oil in rubles has dropped below ₽4,000 per barrel for the first time in two years. This is approximately 40...

The Armed Forces of Ukraine have launched a new offensive in the Kursk region.

The Armed Forces of Ukraine have launched a new offensive in the Kursk region. The new military operation commenced in the village of Tyotkino, located on the border with the Sumy region. The Ukrainian Air Force confirmed a successful strike on a Russian UAV command post in the ...

What difficulties await investors who are interested in the mineral deal between Ukraine and the US?

What difficulties await investors who are interested in the mineral deal between Ukraine and the US? The agreement on joint investment in Ukrainian subsoil does not yet promise quick profits. The agreement encompasses all types of resources, from oil and gas to various metals and minerals. While Ukra...

The reconstruction investment fund needs guarantees that will be ratified by the Ukrainian Parliament.

The reconstruction investment fund needs guarantees that will be ratified by the Ukrainian Parliament. Deputy Minister of Economy Taras Kachka explained that the mineral agreement with the US, which provides for the creation of a separate investment fund, will be ratified solely by the Ukrainian side. ...

Which sector in Ukraine will suffer the most from the suspension of the customs visa-free regime with the EU, and is there an alternative?

Which sector in Ukraine will suffer the most from the suspension of the customs visa-free regime with the EU, and is there an alternative? Analysts note that the EU will not extend the trade visa-free regime, which allowed Ukraine to trade goods duty-free. Poland and several other countries opposed the automatic extension. However, the E...

The Cabinet of Ministers is preparing to allow the export of defense products in May: What are the scenarios that are being envisioned for manufacturers?

The Cabinet of Ministers is preparing to allow the export of defense products in May: What are the scenarios that are being envisioned for manufacturers? The Ukrainian government may permit the export of defense products as early as May, and work on this has been ongoing for several months. Government sources say that the president has already approved...

A German drone manufacturer with assets in Ukraine raises €160M and becomes a unicorn.

A German drone manufacturer with assets in Ukraine raises €160M and becomes a unicorn. Autonomous UAV manufacturer Quantum Systems from Germany has secured €160M in Series C funding, led by the British venture capital firm Balderton Capital. The funds will be used for researching and de...

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