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For the first time, Vladimir Putin has publicly addressed the destruction of bridges in Russia, attributing responsibility to Ukraine. He stated that negotiations are unfeasible in this context, claiming that the Ukrainian government is “degenerating into a terrorist organization.” Putin described the recent bombings of railway tracks in the Bryansk and Kursk regions as terrorist acts, asserting that such decisions originated with political leadership in Ukraine. He argued that the bridge bombings just before the second round of negotiations in

The inaugural meeting of the fund’s governing board is set for late July, with the fund expected to begin operations by year’s end. Economy Minister Yulia Svyrydenko commented on their partnership to establish the American-Ukrainian Reconstruction Investment Fund, which she said could commence its activities by December following her trip to Washington. “An important meeting with Treasury Secretary Scott Bessent. We are working on projects in the fields of graphite, lithium, and titanium,” she stated. The initial meeting of the

The European Investment Fund (EIF) and the Export and Investment Fund of Denmark (EIFO) have signed the first agreement under the EU’s Export Credit Guarantee Program for Ukraine, as reported by the Ministry of Economy. The program aims to support European companies working with Ukraine and enhance Ukraine’s economic integration with the EU. The signed guarantee allows for financing of up to €20M to support export credit operations. It is expected that this agreement will enable around 40 Danish companies

Ukraine will receive €1.3B in 2025 under the Danish model to finance its weapons production. As a result of negotiations, Ukraine will receive the first tranche of €428M from Denmark, Sweden, Canada, Norway, and Iceland. These funds will soon be used to produce Ukrainian artillery, strike drones, missiles, and anti-tank weapons. Part of the allocated funds will be drawn from the proceeds generated by frozen Russian assets. It has been reported that new strategic decisions are currently being prepared regarding

The EU is prepared to collaborate with the US to simultaneously impose sanctions on Russia to compel Russian dictator Putin to agree to peace talks, stated European Commission President Ursula von der Leyen. She noted that the EU is currently working on its 18th package of Russian sanctions. “We are primarily interested in sanctions against the energy sector and blocking sources of financing for Russia,” the EC President added. According to the plan, the new EU sanctions will include restrictions

Analysts suggest that this decline stems from the exhaustion of recovery effects following the tough year of 2022, which became evident around the start of the second quarter last year. Essentially, the Ukrainian economy has reached its growth ceiling, unable to progress into positive territory without favorable structural changes. Industrial production in the first quarter fell by 6.1% compared to the same time last year, the volume of construction work dropped by 11%, and industrial producer prices surged by 40.4%.

Starting in 2025, the Ministry of Economy will start accepting applications for state support of industrial parks, through August 15. Last year, the government backed 15 parks with ₴1.1B, which funded 33 new industrial infrastructure projects. An additional ₴500M will be available for 2025. Initiators of new parks can receive up to ₴150M on co-financing terms to build engineering and transport infrastructure, as well as compensation for network connection. Additionally, the Cabinet of Ministers has modified the application and funding

The land plot for this wind farm has already been leased from the city council near Belz in the Lviv region. The project has been in preparation for five years and is expected to generate up to 100 MW, enough to cover about 10% of the annual energy consumption of the Lviv region. Eco-Optima is currently negotiating financing with several lenders, including state-owned Oschadbank, which already provides support for another Eco-Optima project – the Sokalska wind farm. In the Lviv

Last year, Ukraine exported 118,000 tons of dairy products, surpassing imports by nearly 100%. Export revenue reached $296.8M, an increase of 16% from 2023 and 20% from 2021. The largest export categories included powdered and condensed milk, which accounted for 25%, and cheeses, which made up 18%. In contrast, last year, 60,270 tons of dairy products valued at $290M were imported into Ukraine, with cheeses representing 78% of these imports. Despite the ongoing war, the number of cows in the

Hamburger Hafen und Logistik AG (HHLA) has purchased a 60% stake in the Eurobridge multimodal terminal, situated in the Transcarpathian region. This terminal in Batiovo will operate as a joint venture entitled HHLA Eurobridge Batiovo, established by HHLA International GmbH in collaboration with Ukrainian company Fortior Capital LLC. HHLA will hold a controlling stake and, together with its subsidiary METRANS, will participate in further development of the terminal. The deal awaits approval from Ukraine’s antimonopoly authorities. The terminal is strategically

This Ukrainian investment and development firm, specializing in commercial real estate, is purchasing two prime properties in central Kyiv: the Leonardo business center’s first phase and the Ukraina department store. Currently, City Capital Group owns six commercial real estate properties in Kyiv, including business centers, a market mall, and cultural and retail spaces. The seller of these assets is the Irish banking corporation IBRC. The transaction value is estimated between $70M and $100M, with additional investment planned for facility modernization.

This year has witnessed a revival in the demand for commercial real estate within these developments; however, in light of the ongoing war, increasing inflation, and economic recession, new trends have emerged, according to market participants. Notably, the demand for commercial space in residential complexes remains robust, owing to several key factors: Investors are slowly returning in Ukraine, viewing commercial properties as a more stable asset than bank deposits or residential real estate. Rising construction costs have caused an increase

The UK has announced a new large aid package for Ukraine, which includes 100,000 drones to be provided throughout the year. This represents 10 times more than last year, and the total is a record, amounting to £350M. The package also includes: 140,000 rounds of artillery ammunition that have already been delivered £247M for Ukrainian military training The total amount of military support received from Britain so far this year is £4.5B. The Netherlands will transfer a new maritime security

Danylo Hetmantsev, head of Committee on Finance, confirmed that there are no plans to raise taxes in 2026, and that the shortfall in the state budget will be managed through alternative sources. He noted that the current year’s budget is short by ₴500B, but he is optimistic that this gap can be closed without increasing taxes. Additionally, he indicated that the state budget deficit will be larger in 2026, and that this will primarily be addressed through external sources. Hetmantsev

The international rating agency S&P Global announced Ukraine’s default on its GDP-linked bonds. On June 2, the Ukrainian government failed to make the required payment of $665M, which led to the bonds’ downgrade from CC to D. “We do not expect payment during the grace period for the securities stipulated in the agreement, which is 10 business days, given the government’s moratorium on payments on these bonds unless they are restructured,” the agency explained. However, the agency maintained Ukraine’s SD/SD

According to the estimates, drone production will rise by 150%, increasing from one million last year to 2.5 million in 2025. The Ukrainian Ministry of Defense has allocated over $2.5B for 2024-2025 to support local drone manufacturers, working with 76 companies and leveraging more than 500 suppliers in total. Additionally, Ukraine is receiving drones from its international partners, particularly from Germany and the UK, which plans to expand its supply by 900% and provide 100,000 drones by April 2026. Notably,

Over the past three years, farmers have lost a significant portion of their machinery. According to the Institute of Agrarian Economics, last year agricultural enterprises had 22% fewer tractors, 13.5% fewer combines, and 12% fewer plows than in 2021. Meanwhile, domestic agricultural machinery manufacturing is being scaled back: Over the past 10 to 15 years, tractor production in Ukraine has decreased by 95%, plows by 90%, cultivators by 85%, seeders by 82%, and mowers by 94%. The share of Ukrainian

There, the Nova-Pak company employs cutting-edge technologies to create over 600 products, including spices and seasonings, which are distributed throughout Ukraine and successfully exported. The company has more than 150 employees and is also involved in shock-freezing berries like raspberries and sea buckthorn, while recently expanding into syrup and topping production. Additionally, the Vodohray enterprise has been active in the region since 2003, operating four production workshops and two wells that supply natural mineral water. It has the capacity to

Over the three years of the full-scale Russian invasion, prices in the primary housing market in Ivano-Frankivsk have increased the most, by 63%. During this time, the cost of a square meter in the city rose from $520 to $850, according to market experts. For comparison, in Kyiv a square meter has increased in price by 3% during the war, rising from $1,250 to $1,290. The top five cities where housing in new buildings has become more expensive also include

Austrian energy firm Wien Energie, alongside Ukrainian UDP Renewables, aims to develop an industrial green cluster in Volyn featuring the hydrogen production facility. If realized, this initiative will mark Ukraine’s first industrial energy cluster centered around renewable energy sources. Investment company UDP Renewables forecasts a rising demand for hydrogen, in light of the EU’s strategy to achieve climate neutrality by 2050. Consequently, Wien Energie, fully owned by the municipal government of Vienna, is exploring avenues to create these clusters. The