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Although Russia attacks Ukraine daily, Washington has halted the delivery of missiles used in air defense and ammunition to Kyiv.

Today’s News

Thursday, July 3

Although Russia attacks Ukraine daily, Washington has halted the delivery of missiles used in air defense and ammunition to Kyiv. The Pentagon has stopped supplying some air defense missiles and other precision munitions to Ukraine that were promised by Biden admin...

NATO expects an escalation on the Ukrainian front this fall and is wary of Russia capturing Odesa.

Wednesday, July 2

NATO expects an escalation on the Ukrainian front this fall and is wary of Russia capturing Odesa.

Germany is trying to obtain air defense aid for Ukraine and plans joint weapons manufacturing.

Tuesday, July 1

Germany is trying to obtain air defense aid for Ukraine and plans joint weapons manufacturing.

The Kremlin used over 1,200 drones and more than 100 missiles against Ukraine in a week.

Monday, June 30

The Kremlin used over 1,200 drones and more than 100 missiles against Ukraine in a week.

Zelenskyy proposes new deals to Trump at the NATO Summit.

Friday, June 27

Zelenskyy proposes new deals to Trump at the NATO Summit.

Morning Economic Digest

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

Today’s News

Thursday, July 3

Rutte: Kyiv will need continued military support from Washington, which is moving away from the war.

Rutte: Kyiv will need continued military support from Washington, which is moving away from the war. “When it comes to Ukraine in the short term, Ukraine cannot do without all the support it can get. Last week, President Trump and President Zelenskyy discussed this, focusing specifically on air...

Russia pushes deeper into Ukraine as the world is distracted by the Middle East, allowing Russian troops to make the most territorial gains in 18 months.

Russia pushes deeper into Ukraine as the world is distracted by the Middle East, allowing Russian troops to make the most territorial gains in 18 months. While the US and the international community watch the recent escalation between Iran and Israel, Vladimir Putin moved quickly to escalate hostilities in Ukraine. According to analysts, in June Russia...

Germany will fund the production of over 500 long-range weapons in Ukraine.

Germany will fund the production of over 500 long-range weapons in Ukraine. Representatives of the German government have already signed the first contract to finance the Ukrainian production of these weapons after German Chancellor Friedrich Merz promised to help Kyiv with t...

Mortgage lending increased by 5% in April.

Mortgage lending increased by 5% in April. Ukrainian banks issued 458 mortgage loans totaling ₴834.8M in April, a 5% increase from March, according to NBU data. Specifically, 261 loans for ₴492.3M were granted in the primary real estate market...

The Vienna Institute for International Economic Studies (wiiw) forecasts a worsening outlook for Ukraine.

The Vienna Institute for International Economic Studies (wiiw) forecasts a worsening outlook for Ukraine. According to a new projection by the Vienna-based economic research institute, annual GDP growth slowed to 1% in the first quarter of 2025, down from 2.9% last year. For 2025, wiiw predicts growth of ...

High electricity prices could shut down Ukraine's largest steel mill.

High electricity prices could shut down Ukraine's largest steel mill. ArcelorMittal Kryvyi Rih, Ukraine’s biggest steel plant, faces closure because of soaring electricity costs, said the company’s financial director, Pavlo Zadorozhny. He stated that the com...

Ukraine is establishing a municipal housing fund.

Ukraine is establishing a municipal housing fund. The Ukrainian government has initiated a pilot project to develop a municipal rental housing program. Priority will be given to veterans, the relatives of fallen defenders, military personnel, interna...

Finland’s largest fast-food chain invests €12M to open 10 restaurants in western Ukraine.

Finland’s largest fast-food chain invests €12M to open 10 restaurants in western Ukraine. Hesburger, the leading fast-food chain in Finland, plans to open at least 10 outlets in western Ukraine over the next five years. The total investment for the project will reach €12M. Founded in 1966,...

A company from Lutsk, with government support, invested €5.5M in producing frozen semi-finished products and animal feed.

A company from Lutsk, with government support, invested €5.5M in producing frozen semi-finished products and animal feed. The Opos-Torg company, which is involved in wholesale trading of meat and fish, invested €5.5M, including €4M during the war, to build a new plant in the Volyn region. The plant will produce frozen se...

The World Bank suggests that UZ should develop container transportation to prepare for future economic changes.

The World Bank suggests that UZ should develop container transportation to prepare for future economic changes. WB analysts pointed out that Ukrainian Railways (UZ) needs to enhance and reform its operations to meet upcoming economic shifts and the opening of the rail freight market. “In the medium term, ...

Ukraine has lost 40% of its working-age population, forcing employers to increase salaries and hire pensioners.

Ukraine has lost 40% of its working-age population, forcing employers to increase salaries and hire pensioners. The war has caused a significant decline in the country’s workforce. Currently, around 1.7 million Ukrainians who used to work domestically are now abroad, according to Deputy Minister of Social...

The Agreement That Will Create a New Country: What Economic Prospects Does Ukraine’s Mineral Agreement with the United States Present?

The Agreement That Will Create a New Country: What Economic Prospects Does Ukraine’s Mineral Agreement with the United States Present? In early May 2025, First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko signed a historic agreement with the United States of America that established a reconstruction investment fund ...

Wednesday, July 2

NATO expects an escalation on the Ukrainian front this fall and is wary of Russia capturing Odesa.

NATO expects an escalation on the Ukrainian front this fall and is wary of Russia capturing Odesa. Unlike the Trump administration, few in Europe believe Moscow will agree to a ceasefire. One Ukrainian official believes Russia’s main goal now is to seize Odesa, which Putin sees as a historica...

Russia has proposed new conditions for ending the war and accused the US and Ukraine of prolonging peace talks.

Russia has proposed new conditions for ending the war and accused the US and Ukraine of prolonging peace talks. To end the conflict, Russia demands Ukrainian authorities stop training soldiers of the Ukrainian Armed Forces in Western countries. “The participation or complicity of other countries in the mi...

Gas injection into underground storage facilities is 20% behind last year’s rate, but Ukraine is increasing the pace.

Gas injection into underground storage facilities is 20% behind last year’s rate, but Ukraine is increasing the pace. Natural gas reserves in Ukrainian underground gas storage facilities (UGS) exceeded eight billion cubic meters as of June 28. These facilities are now at 25.9% of their capacity. Compared to last year...

What will happen to Ukraine’s economy if peace is achieved without security guarantees or if the war continues in 2026?

What will happen to Ukraine’s economy if peace is achieved without security guarantees or if the war continues in 2026? The IMF’s baseline scenario assumes the end of Russia’s war against Ukraine by the end of 2025. According to IMF expectations, if peace is reached Ukraine’s economic growth will rise...

Which foreign arms manufacturers are already operating in Ukraine?

Which foreign arms manufacturers are already operating in Ukraine? As of mid-2025, at least eight foreign companies have already opened or plan to open arms production facilities in Ukraine. These includes research, assembly, maintenance, and repair operations, as we...

Ukraine receives a new $500M IMF tranche and requests more time for reforms.

Ukraine receives a new $500M IMF tranche and requests more time for reforms. The IMF Executive Board approved an additional tranche to Ukraine under the Extended Fund Facility (EFF). As a result, Ukraine has already received the ninth tranche of approximately $500M under the p...

Ukraine will establish a national network of vegetable storage facilities to preserve 35% of the harvest.

Ukraine will establish a national network of vegetable storage facilities to preserve 35% of the harvest. The Ministry of Agrarian Policy is working to create a storage network, as currently 35% of the Ukrainian vegetable harvest does not reach consumers due to poor storage conditions. Many storage facili...

Last season, Ukraine’s grain exports declined by 21%, but revenue stayed level due to rising prices.

Last season, Ukraine’s grain exports declined by 21%, but revenue stayed level due to rising prices. According to analysts, in the 2024/2025 marketing year (July-June) Ukraine exported 40.1 million tons of grain, which is 10.5 million tons, or 21%, less than in the 2023/2024 marketing year. The physi...

The EIB Group and Finnvera launch a €30M pilot project to support Finnish exports to Ukraine.

The EIB Group and Finnvera launch a €30M pilot project to support Finnish exports to Ukraine. The European Investment Fund, part of the EIB Group, and Finnvera, Finland’s export credit agency, are initiating this pilot program to assist Finnish companies in exporting to Ukraine. The agreement ...

Ukraine is seeking new investment in its defense sector and enhancing collaboration with German arms manufacturers.

Ukraine is seeking new investment in its defense sector and enhancing collaboration with German arms manufacturers. During talks with EU representatives, President Zelenskyy emphasized investment in domestic weapon production, focusing on long-range UAVs, interceptor drones, and similar equipment. “This is cr...

The state-owned construction company Ukrbud will not be sold to a Georgian businessman due to sanctions.

The state-owned construction company Ukrbud will not be sold to a Georgian businessman due to sanctions. The State Property Fund of Ukraine (SPFU) refused to approve the results of an auction to sell a large privatization asset with 100% of the shares of the state joint-stock company Construction Company...

Tuesday, July 1

Germany is trying to obtain air defense aid for Ukraine and plans joint weapons manufacturing.

Germany is trying to obtain air defense aid for Ukraine and plans joint weapons manufacturing. German Foreign Minister Johann Wadephul, who arrived in Kyiv on June 30, stated that Germany is attempting “by all means” to ensure Ukraine receives additional air defense systems to count...

Ukraine and Russia have expressed interest in resuming talks.

Ukraine and Russia have expressed interest in resuming talks. After concluding discussions on humanitarian issues, Ukraine aims to focus on a summit between President Volodymyr Zelenskyy and Kremlin leader Vladimir Putin, said Defense Minister Rustem Umerov, emp...

Europe has stopped importing Russian oil, but gas remains a challenge.

Europe has stopped importing Russian oil, but gas remains a challenge. Polish oil refinery Orlen will cease buying Russian oil for its Czech refinery after June 30, according to CEO Ireneusz Fafara. “Today we have freed Central Europe from Russian oil,” he st...

Investing in demining is crucial for Ukraine’s rebuilding and ensuring global food security.

Investing in demining is crucial for Ukraine’s rebuilding and ensuring global food security. Before the full-scale invasion, Ukraine fed 400 million people worldwide and supplied agricultural products to the EU, North Africa, and Asia, providing about 10% of the world’s grain. However, due to...

The Russian “summer offensive,” launched in May, is already losing momentum.

The Russian “summer offensive,” launched in May, is already losing momentum. Despite numerous attacks across nearly the entire front line, the aggressor forces have not made significant breakthroughs. Moscow set a new record for the number of offensive operations in June, but ...

How much Russian gas is passing through Turkey to Europe?

How much Russian gas is passing through Turkey to Europe? It has been six months since Ukraine finally discontinued the transit of Russian gas to Europe. However, the EU is still buying Russian fuel in significant quantity. Between January and June this year...

Ukraine presents defense industry projects for financing within the framework of the €150B EU initiative.

Ukraine presents defense industry projects for financing within the framework of the €150B EU initiative. These are initiatives to produce drones, ammunition, and missiles, which can be financed within the framework of the SAFE (Security Action for Europe) loan program that has a €150B budget. Ukrainian p...

Which ally provides the most support to Ukraine?

Which ally provides the most support to Ukraine? Over more than three years of the full-scale war, at the end of April 2025 the main providers of aid to Ukraine have remained unchanged: the US, the UK, and Germany. Meanwhile, Estonia, Denmark, and L...

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