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Commenting on the introduction of import tariffs by US President Trump, Ukraine’s Minister of Economy Yulia Svyrydenko, noted: “It is difficult, but not critical. A general tariff of 10% will apply to us. There is no separate higher tariff for Ukraine.” Last year, Ukraine exported $874M to the US, with $363M worth of cast iron and $112M of pipe. At the same time, goods worth $3.4B were purchased from the US. Despite this, Ukraine’s tariffs on American goods remain quite

“In the first three months of the year, we have already announced the allocation of over €20B in assistance to Ukraine. Our command in Wiesbaden continues to coordinate the supply of security assistance and training for the Armed Forces of Ukraine,” said NATO Secretary General Mark Rutte. He also gave his assurance that the allies will continue to provide military assistance to Ukraine. To that end, the UK may soon transfer some decommissioned Puma HC.Mk 2 transport helicopters to Ukraine.

NATO could play a crucial role in facilitating a European military mission aimed at securing a peace deal in Ukraine, according to plans being developed by a coalition of Kiev’s allies.  NATO’s command and control structures would be utilized to deploy a “deterrence force” in Ukraine, under a proposal currently being discussed by France and Britain. This force could also leverage the alliance’s shared intelligence and surveillance capabilities. The proposal is among several options being evaluated and may be adjusted

Britain has proposed that European countries create a supranational fund for centralized purchases of military equipment, accumulation of weapons stocks, and financing the continent’s rearmament. It is assumed that the new fund would be able to attract funds on favorable terms in financial markets, provide loans for military projects, and purchase weapons directly. Although a specific funding amount was not specified, there is a known European defense financing deficit of hundreds of billions of euros, which could be addressed by

This is Denmark’s 25th military aid package for Ukraine, which has allocated DKK 6.7B (€900M) for the period of 2025-2027. DKK 1.4B is set aside for the provision of artillery and ammunition during these years. Additionally, the funds will be used to finance air defense, the drone coalition, and the IT coalition. From 2026 to 2027, contributions through the Danish model to the Ukrainian defense industry will also increase, with a total of DKK 2B allocated for this purpose. Ultimately,

Czechoslovak Group AS (CSG) increased its profit by 200% in 2024, driven by greater supplies to Ukraine and NATO countries. Since the onset of the full-scale Russian invasion of Ukraine, the Czech company’s sales have surged by 614%. Last year, CSG, which manufactures artillery shells and combat vehicles, acquired Kinetic Group, an American owner of small-caliber ammunition brands. The Czech company aims to become one of the two largest defense firms in Europe. CSG’s net profit in 2024 soared to

The OPEC+ countries – Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman – have decided to raise oil production by 411,000 barrels per day in May. This decision is part of a gradual return to normal production levels following a voluntary reduction of 2.2 million barrels per day announced in 2023. An additional cut of 1.65 million barrels per day, agreed upon in early 2023, will remain in effect until December 2026. The May production increase will

Galnaftogaz (OKKO brand) has agreed to secure €157M in funding for the establishment of a wind farm in Volyn, as reported by the International Finance Corporation. The financing consists of €60M from the EBRD, €60M from the IFC, and €37M from the Black Sea Trade and Development Bank. This financing will include guarantees from the EU and grant support from the UK totaling £3.8M. The project’s overall cost is €225M, meaning Galnaftogaz will contribute approximately €68M. The wind farm project

Last year, the Ukrainian insurance market demonstrated an increase in all key indicators: assets, insurance premiums, and payments. Total gross insurance premiums rose by 15%, reaching ₴53.1B, primarily from risk insurance, which contributed ₴47.4B. In transport insurance, premiums grew by 3% for CASCO and by 14% for OSACV. Meanwhile, premiums for Green Card driving insurance continued to decline, dropping by 10% quarter-on-quarter, as fewer Ukrainian cars travel abroad. In personal insurance, only life insurance (up 17%) exhibited positive dynamics, while

According to the Institute of Economic Research, the index of anticipated changes in business activity in February, as in January, is 0.1. The share of those planning to expand their activities is 15.4% (up from 14.4%), while the proportion planning to reduce their activities is 5.1% (up from 4.1%). The percentage of those intending to maintain their current activity level is 79.5% (down from 81.5%). Notably, the most optimistic outlook for the future among enterprises is held by large microenterprises,

Ukraine’s inflow of foreign direct investment (FDI) in 2024 reached $3.33B, which is 25% ($1.16B) lower than 2023’s figure, as noted by Danylo Hetmantsev, the head of the Verkhovna Rada Committee on Finance. Concurrently, a significant portion (71.6%) of foreign direct investment originated from the reinvestment of earnings earned by foreign investors in Ukraine ($2.38B). However, compared to 2023 this amount decreased by 30% (-$1.02B). “The decrease is likely due to the easing of currency restrictions on cross-border transfers by

However, consumers continue to face a challenging economic situation, and austerity measures are hindering a full cost structure recovery, reported CBRE Ukraine. At the same time, the retail sentiment index in December reached 29.8 points, the highest level since the onset of the war. Yet, last year no new shopping centers opened in the Kyiv market, keeping the total competitive shopping center supply at 1.59 million square meters. Consequently, the volume of new supply has hit a ten-year low, reflecting

Russia cannot accept the US’ proposal to end the war in their “current form” since they do not address the issues that Moscow considers the primary reasons for the invasion, stated Russian Deputy Foreign Minister Sergei Ryabkov. Notably, Moscow wants Ukraine to renounce its intentions to join NATO, seeks full control over four Ukrainian regions it deems its own, and reducing the Ukrainian military. Kyiv views these demands as a capitulation. Kremlin spokesman Dmitry Peskov noted that Moscow continues dialogue

Two US senators, Republican Lindsey Graham and Democrat Richard Blumenthal, have introduced a bill to impose new sanctions on Russia in response to the Kremlin’s refusal to sign a peace deal. “The Senate is dominated by the view that Russia is the aggressor; this terrible war and Putin’s aggression must stop now and be restrained in the future,” said a joint statement from 50 senators. The bill outlines both primary and secondary sanctions against Moscow and those who support the

The US has expressed its desire for Europe to continue acquiring American military equipment following the EU’s restrictions on American manufacturers from participating in arms tenders. Specifically, US Secretary of State Marco Rubio conveyed to the foreign ministers of Lithuania, Latvia, and Estonia that the US seeks to remain involved in EU defense procurement. He remarked that the US views any exclusion of American companies from European tenders unfavorably. Rubio intends to address these matters during his visit to Brussels

Ukraine has provided the US with confirmation of Russian strikes on energy infrastructure, which breaches the ceasefire agreement. President Zelenskyy notes that Ukraine has documented every violation and expects a reciprocal response. Russia also sent the US, the UN, and the OSCE a “list of violations” concerning Ukraine’s breaches of the energy truce. Russian Foreign Minister Sergei Lavrov claims that Russian troops are adhering to the moratorium established in the agreement between Trump and Putin on March 18. However, the

As part of a Latvian support package, the Armed Forces of Ukraine will receive 1,500 new combat drones. In total, two Latvian companies will deliver 12,000 drones to Ukraine worth €17M in the first half of this year, as part of the international drone coalition. Simultaneously, the German Foreign Ministry confirmed an additional military assistance package for Ukraine worth €11.25B. Berlin emphasized that support for Kyiv will continue, despite the upcoming change in the German government. Accordingly, Germany will allocate

“Our country anticipates this will occur now, during the Polish presidency of the Council of the EU, and will continue during the Danish presidency,” emphasized Ivanna Klympush-Tsintsadze, head of the parliamentary committee, at a meeting with German Foreign Minister Annalena Baerbock. It should be noted that Kęstutis Budris, the head of the Lithuanian Foreign Ministry, believes that for Ukraine, 2030 is the deadline for joining the EU. In his view, that year should mark the cut-off for implementing the necessary

Restoring agricultural lands after the war will cost Ukraine over $20B, or about 15% of its pre-war GDP, and will take over 10 years, according to the Institute for Economic Research (IER).Ukraine owns 33% of the world’s black soil, but the war continues to destroy the ability to utilize it. Here is the scale of the damage, according to expert estimates: priority reclamation needs – about $1.1B total demining cost – about $30B, of which about $22B is needed specifically

Initial cluster waste management concepts have been developed for various regions of Ukraine. One of the first concepts will focus on the Uzhhorod cluster in Transcarpathia. Currently, experts are analyzing and assessing the existing waste management system and forecasting waste generation volumes for the next 10 years. By 2034, the Uzhhorod cluster’s population, including internally displaced persons, could reach 285,000, and the volume of waste that is generated may amount to approximately 144,000 tons per year. A sorting station, a