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US President Joe Biden submitted a statement to the US Congress stating his intention to forgive half of Ukraine’s debt for economic assistance that was received as a loan. State Department spokesman Matthew Miller said the amount of forgiven debt is approximately $4.65B. In the spring, the US Congress passed the Additional Ukraine Supplemental Appropriations Act, which provided about $61B in funding for Ukraine. The terms indicate that about $10B in economic aid were provided to Ukraine a conditional revolving

When US President Joe Biden allowed the Ukraine’s military to use US weapons to strike targets in Russia, he did his successor, Donald Trump, a great strategic favor, according to Bloomberg. This development should force the Russian dictator Vladimir Putin to conduct genuine negotiations and not continue empty talks. “Putin is trying to be as aggressive as possible in Ukraine to strengthen his position before the new era of geopolitics,” the analyst explains, referring to Trump’s return to office. In

On November 21, Russia hit Ukraine with various types of missiles, including an intercontinental ballistic missile, a Kh-47M2 Kinjal air-launched ballistic missile, and seven Kh-101 cruise missiles. In an attack on Dnipro, a rehabilitation center for people with disabilities, private homes, and an industrial enterprise were damaged. In Kryvyi Rih, an enemy missile hit an administrative center, damaging ten residential buildings and injuring 26 people. The Ukrainian Air Force confirmed that yesterday Russia struck Dnipro with an RS-26 Rubizh medium-range

Defense Minister Rustem Umerov announced the beginning of a collaboration with 12 countries within the Nordic Group-Ukraine framework, which will strengthen Ukraine’s security and provide support. Denmark, Sweden, Finland, Norway, Iceland, Estonia, Latvia, Lithuania, Germany, the Netherlands, Poland, and the UK have joined the cooperative. Umerov stated that investment in the Ukrainian defense industry is a separate priority. More countries are joining to finance Ukrainian weapon production, particularly Sweden, Norway, and Lithuania within the framework of the Danish model. Norway

The IFC, the DFC, and Raiffeisen Bank Ukraine will create two risk-sharing mechanisms for Ukrainian enterprises worth $210M. Assistance will be allocated to small, medium, and large companies in Ukraine. These funds will be directed to creating new jobs and business development. In particular, they plan to implement renewable energy generation and energy efficiency projects with a portion of the funds. The mechanisms are implemented with the support of the Swiss State Secretariat for Economic Affairs (SECO), the French government,

The Ukrainian Agrarian Confederation believes that the current marketing year, from July 2024 to June 2025, may become more successful for Ukrainian grain traders and farmers than the previous two seasons. This depends on the continued operation of the grain corridor and the preservation of the current security situation in Ukraine. The main growth factors are an increase in global food prices and greater free capacity in export infrastructure. If Russian destruction of logistics infrastructure does not increase, and the

In the third quarter of 2024, prices for residential real estate in Ukraine, compared to the same period in 2023, increased by an average of 11.7%. Prices for apartments on the primary market increased the most, according to the State Statistics Service. The prices on the primary market have increased by 14.1% over the year and 10.5% on the secondary market. One-room apartment prices on the primary market went up by 13.9%, 10% on the secondary market, two-room apartments on

Ukraine and Italy signed an agreement to deepen their logistics cooperation in critical raw materials. Attracting investment and encouraging innovation in the sphere’s development is one of Ukraine’s priorities. This concerns promoting safe and sustainable practices within value chains of critical raw materials and expanding commercial and investment opportunities. The partnership will strengthen existing ties and promote high standards that are sufficient to meet current challenges. Moreover, Italian businesses expressed interest in cooperation with Ukrainian enterprises in five key sectors

During a meeting of heads of foreign affairs from five EU countries, Germany, France, Italy, Spain, and Poland gave their support to a proposal to create joint European defense bonds to strengthen the bloc’s defense industry. The Minister of Foreign Affairs of Poland, Radosław Sikorski, called this event “a big deal.” He added that the development would help “Europe to strongly oppose the imperial ambitions of the Russian Federation.” Sikorsky continued, “We agreed that Europe should take greater responsibility for

According to the Office of Sustainable Regional Development, a new factory that will produce wafer sheets and other dough-based products (tartlets, waffle cups for ice cream, dessert trays, etc.) will start production in the summer of 2025. The Investment Office team from the Ternopil region is providing full investor support in the construction of the new plant. This support has made it possible to start site preparation work in October and obtain a construction permit. It is noted that the

Since the beginning of the full-scale war in Ukraine, an enterprise relocation program has existed. For the regions where these companies have moved, this means additional jobs and tax revenue. According to analysis, in the Zakarpattia region in 2021, 61.5% of the budget consisted of state subsidies, tax revenue comprising 29.1%. In 2022, the situation changed: subsidies decreased to 37.5% and tax revenue increased to 54.2%. Currently, these indicators reach 47.4% and 43.1%, respectively. In the Lviv region’s 2021 budget,

Ukrainian mining and metallurgical group Metinvest and the Italian Ministry of Enterprises signed a declaration of cooperation aimed at the revival of industry in the city of Piombino. The construction of a €2.5B modern plant that will produce green steel is planned. Work is scheduled to begin in 2025, and production will start in 2027. Financial support for the project will be provided by the Italian credit and export agency (SACE) and leading banks, including Cassa Depositi e Prestiti. The

Officials close to the Kremlin told Reuters that Russian dictator Vladimir Putin is reportedly ready to discuss with Donald Trump a ceasefire agreement in Ukraine and freezing the war in place. The “separation” of the Donetsk, Luhansk, Zaporizhzhia, and Kherson regions will probably be discussed during the negotiations. In return, Russia may be ready to withdraw from the small areas of territory it holds in the Kharkiv and Mykolaiv regions. But “the future of Crimea is not up for discussion.”

According to The Times, the change in London’s position may have resulted from the US giving permission for Ukraine to use its ATACMS long-range missiles, which was announced on November 17. British Prime Minister Keir Starmer has wanted to allow Ukraine to use weapons as it needed and put pressure on Washington. However, his public statements were cautious. This is because Storm Shadow missiles use American targeting technology. However, Starmer later threw caution to the wind and hinted that using

The head of EU diplomacy, Josep Borrell, proposed directing a significant part of the future second tranche of revenue from frozen Russian assets to the Ukrainian defense industry. According to Borrell, by the end of the year new supplies of military equipment for Ukraine will also be financed from the same source. From the first tranche of these funds of €1.5B, the EU invested €400M in the Ukrainian defense industry, which paid for the production of Bohdana howitzers. Currently, Borrell

Fighting between Russia and Ukraine could end in 2025, as both sides are close to exhaustion. The Russian economy is suffering due to Western sanctions, labor shortages, and people leaving the country. Inflation in the country has reached double digits, interest rates have soared to 21%, and 40% of the budget is devoted to the war. In parallel with this, the pressure on Ukraine to start one or another form of negotiations with Russia may increase next year. As part

On November 20, an industrial enterprise producing drones came under attack in the Belgorod region, as well as an arsenal in the Novgorod region of Russia. The 13th arsenal of the Main Missile and Artillery Directorate is 680 km from the Ukrainian border, said the head of the NSDC’s Center for Countering Disinformation, Andriy Kovalenko. He stated that the arsenal stored projectiles for barrel artillery; mortar ammunition; Grad MLRS missiles; Smerch, Uragan, and Iskander missiles; North Korean KN23s; S-300 and

On November 20, the National Bank made changes to currency restrictions. “On the one hand, the NBU eased several restrictions to support international cooperation in foreign trade and international technical assistance projects and programs. On the other hand, it takes measures to strengthen the discipline of observing currency restrictions,” the NBU commented on its own decision. Ukrainian enterprises can pay for the import of goods without limiting the term of their delivery to Ukraine, provided that the funds are transferred

US President Joe Biden approved the supply of anti-personnel mines to Ukraine. The decision is a radical change in his policy and comes in response to the intensification of the Russian offensive in the eastern regions of Ukraine. The Pentagon also provided Ukraine with a new $275M aid package, which includes HIMARS ammunition, 155 mm and 105 mm artillery ammunition, mortar shells, drones, TOW missiles, and Javelin and AT-4 anti-tank systems. As well, Denmark plans to transfer two parties of

As stated in an open appeal, which was signed by 79 current and former politicians, military personnel, and political scientists who are anxiously waiting to see what Trump will do when he begins his second presidential term, the Polish Prime Minister has called for the creation of a coalition of states ready to guarantee Ukraine’s security and deter further aggression by Russia. The Baltic countries, the Nordic countries, Britain, France, Canada, and the Netherlands could all join Poland in the