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The Czech plan covers specific measures in energy, agriculture, telecommunications, and several other sectors. The initiative has already received support from eight EU countries, including Germany, Sweden, and Estonia, with expectations that other states will join. The initiative will be officially presented on January 28 at a meeting of the EU Council. It is noted that deepening Ukraine and Moldova’s economic integration, primarily through the expansion of free trade agreements, will contribute to their resilience to the Russian Federation’s influence.

 Former Chairwoman of the National Bank of Ukraine Valeriia Hontareva believes that Ukraine’s external debt should be restructured by postponing payments for five to ten years, reported NV.ua. “Now, it is also important for us to reach out to investors who understand and support us well and ask to postpone our payments for five to ten years just to relieve us of the budget burden.” Hontareva. She added, “In my opinion, it is ethically wrong to take money from some

Current carry-over stocks of grains and oilseeds may amount to 25.1 million tons in Ukraine for 2021/22 MY, up 4.2 times from the previous season. This will not allow the freeing of a significant amount of storage capacity for new-harvest crops. If the grain is stocked at ports and in silos in regions under constant hostilities and the grain in damaged storage is included, the carry-over stocks will total 21.3 million tons. Ukraine’s overall storage capacity is 75 million tons.

The Ukrainian Parliament Committee on Economic Development supports Ukraine’s economic recovery plan. Here are the nine main principles of the plan: Full access to the EU and G7 markets. This will help manufacturers integrate into global retail chains and increase exports. Obtaining candidate status and then full membership in the EU. Building an economy on the principles of deregulation and liberalization. Establishment of logistics routes in the Western direction. The transition from the export of raw materials to processing. Development

Ukraine seeks to transfer gas supplies from Nord Stream 1 to its pipeline.

 IMF Managing Director Kristalina Georgieva said that global economic growth in 2022-2023 will decline even more than previously forecast, covering 143 countries worldwide. “In January, we lowered our global growth forecast to 4.4% in 2022. Since then, the prospects have deteriorated significantly, mainly due to the war in Ukraine.” She stressed that the situation is exacerbated by other factors, such as inflation, financial constraints, the reintroduction of a quarantine in China, and, as a result, new disruptions in global supply

Ukraine has asked the G7 nations for $50B in financial support and is also considering issuing 0% coupon bonds to help it cover a war-linked budget deficit over the next six months, the president’s economic adviser, Oleh Ustenko, said on Sunday. Last month, an analysis projected that Russia’s unprovoked invasion would crater the Ukrainian economy by 47% in 2022. “We do not believe that Ukraine’s GDP will recover to pre-war levels for more than a decade,” analysts at the consultancy

A campaign supporting Ukrainian refugees called Stand Up for Ukraine has raised €10.1B to date. This was announced in Warsaw by the President of the European Commission, Ursula von der Leyen. “The Stand Up for Ukraine campaign has raised €9B for people affected by the war, both in Ukraine and abroad, with an additional €1B promised by the EBRD, said Von der Leyen. The President of the European Commission called the amount received from the event “fantastic” and promised that

 On February 24, Ukraine changed its strategy and began not only to defend itself against Russian cyber-attacks but also to carry out cyber-attacks on Russian Federation resources, said Minister of Digital Transformation Mykhailo Fedorov during an interview for the Batsman program. He noted that since the establishment of the Ministry of Digital Transformation, it has focused on constant protection against Russian cyberattacks and the creation of products and services. However, due to the Russian invasion, “we decided not just to

The conflict in Ukraine has shut half of the country’s businesses and slashed exports, says a World Bank report. Ukraine is one of the world’s biggest exporters of grain and sunflower oil, and the shutdown of exports has affected global food prices. The closure of Black Sea shipping by the Russian aggressors has led Ukraine to cut off around 90% of its grain exports and half of its total exports. “The magnitude of the humanitarian crisis unleashed by the war

 As of April 1, 2022, according to preliminary data, Ukraine’s international reserves amounted to $28.1B, which is 2% more than a month earlier, reported the NBU. It is noted that the reserves increased primarily due to the inflow of financing from international partners, which offset the sale of currency by the National Bank and payments for public debt service. During March, the dynamics of reserves were determined by three factors. The first is public debt management operations. The second is

 Three dozen lawmakers from a bipartisan group are pushing the Biden administration to provide more weapons to Ukraine’s military amid continued demands from Ukrainian President Volodymyr Zelenskyy to help his country with more weapons to defend itself against Russia, reported CNN. Democratic Reps. Andy Kim, Jason Crow, and GOP Rep. Peter Meijer asked for long-range surface-to-air missiles, fighter aircraft, and anti-ship missiles. The lawmakers’ request is based on a wish list Ukrainian officials provided Capitol Hill last week and obtained

 NATO expects an intensified Russian offensive in eastern and southern Ukraine and declares its readiness to continue its armed support for Kyiv, announced NATO Secretary-General Jens Stoltenberg. “Moscow is not backing down from its ambitions in Ukraine. We are now seeing a significant withdrawal of troops from Kyiv to regroup, rearm, and replenish supplies, and shift their focus to the east. In the coming weeks, we expect a further Russian offensive in eastern and southern Ukraine to try to capture

 Despite hostile shelling of oil depots, the government has managed to maintain a stable fuel supply, said the Prime Minister of Ukraine Denis Shmyhal.  Two weeks ago, to support the oil products market, the government abolished the excise tax and reduced the value-added tax. “We work separately with our fuel suppliers. We completely removed the excise tax on gasoline and diesel fuel and reduced the VAT from 20% to 7%. It allowed the fuel price at gas stations to fall

 The President of the European Parliament, Roberta Metsola, during her visit to Kyiv, stated that Ukraine could count on the support of the European Parliament in gaining the status of a candidate country for EU membership. Metsola made three promises to Ukraine. First, Putin’s criminal invasion of Ukraine will not be allowed to go without consequences. Secondly, the EU recognizes your European ambitions and your desire to be a candidate country, and we will support it. Thirdly, we will help

Ukraine may be one of the first countries with which the European Union will conclude a Special Transport Agreement, which provides full liberalization of freight transit, said Deputy Minister of Infrastructure Mustafa Nayem. He added that Ukraine sought to liberalize transit road transport for carriers, unimpeded access to EU markets, and the complete abolition of permits for freight transport, even before the war. According to him, the Ministry of Infrastructure will begin work on the agreement with the EU next

Jeremy Fleming, head of the British Intelligence Service (GCHQ), says Russia has greatly underestimated the situation in Ukraine, reported Reuters. According to him, Putin’s advisers are not telling him the truth about the situation on the ground. Moreover, Putin’s advisers are afraid to tell him the truth. Earlier this week, US officials also suggested that Putin had been misled about Russia’s military and economic situation and that relations between the  Kremlin and the Russian Defense Ministry were strained. Bear in

 The North Atlantic Alliance will help Ukraine with weapons “as much as necessary,” given the importance of this war for the democratic world, said NATO Secretary-General Jens Stoltenberg. “We have to do this because we see that Russia is still trying to resolve the situation by military means. It is good that negotiations are underway, but we have not seen a real change in Russia’s main goal – the military solution,” he added.  The Secretary-General avoided answering a direct question

According to the European Bank for Reconstruction and Development, Ukraine’s economy will shrink by a fifth this year and then recover in 2023 if everything goes according to the scenario of a ceasefire in a couple of months. This forecast is fraught with severe risks of deterioration “in the event of escalating hostilities or restrictions on gas exports from Russia,” the organization said in a statement. The report noted that the truce is forecast to be reached in a few

 Ukraine’s Eurobonds rose by an average of 14.4% on Tuesday following the news of the negotiations between Kyiv and Moscow in Istanbul. Securities maturing in 2022-2024 rose in price by 10.6-12.5%, the price increase for short and long reached 17.2% and 16.6%, respectively. According to Bloomberg, the price of the shortest securities maturing in September 2022 jumped by 17.2% to 62.4% of face value, which corresponds to a yield to maturity of 154.7% per annum, while the day before, the