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According to former Morgan Stanley and Bank of America financier Craig Kennedy, the Kremlin is using an additional war-financing scheme in the shadows through the use of preferential lending to defense enterprises. Since mid-2022, Russia has seen a sharp increase in corporate borrowing – by 71%. By the fall of last year, it had grown by $415B, equivalent to 19.4% of Russia’s GDP. Soon, the Russian government will have to take on the repayment of loans taken by key enterprises.

The commissioning of new facilities and high development activity – 200,000 square meters of warehouses are being built, and the low vacancy rate indicates the competitiveness and prospects of the warehouse real estate market, notes RE developer Alterra Group. As for prices, the average market rate is $5.4 per square meter, where for class A warehouses, it is $6, and for class B warehouses, it is $4 per square meter per month. It is also reported that three facilities were

Six EU countries have called on the European Commission to lower the price ceiling for Russian oil that has been set by the G7 countries. Measures aimed at reducing oil export revenues are crucial because they reduce Russia’s single most important source of income from which the war is financed, according to a joint letter from Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia. The price ceiling for the G7 countries was set at $60 per barrel for Russian crude oil

In the first months of 2025, inflation will likely continue to accelerate because of lower harvests, pressure from business spending on energy supplies and labor, and the effects of a weakening hryvnia exchange rate, says an NBU forecast. It also acknowledges that the inflation rate of 12% at the end of 2024 turned out to be higher than the forecast of 9.7% published in the October Inflation Report. However, the National Bank expects inflation to return to a trajectory of

Private energy company DTEK is implementing Ukraine’s first large-scale project to create a portfolio of energy storage systems and has already signed a contract with Fluence to install them. The six facilities will be in different regions of Ukraine, with capacities ranging from 20 MW to 50 MW, totaling 200 MW. Together, they will store up to 400 MWh of electricity – enough to power 600,000 households for two hours (equivalent to approximately half of the households in Kyiv). With

For the first time since the start of the full-scale Russian invasion in 2022, Ukrainian troops might have an advantage in tanks, although only in certain sections of the front. The main reason for this change in dynamics is drones, which Ukrainian troops have successfully used to destroy Russian tanks at the front line from a distance. Thanks to UAVs, Russian tanks are forced to operate from camouflaged positions, far from the front lines, which significantly reduces their effectiveness. In

Each missile attack on Ukraine’s energy system costs Russia up to $2B, and by continuing the transit of Russian gas, Ukraine helped the aggressor to earn money for these attacks, said Serhiy Makogon, the former head of the Ukrainian GTS operator. He recalled that the aggressor country earned $6.5B annually from supplying gas to the EU through Ukrainian territory. According to him, Russia tried to destroy the Ukrainian gas transportation system with six waves of attacks that targeted storage facilities.

The Ministry of Economy plans to increase funding for the investment nanny projects in 2025, providing funds to dozens of new projects, said Deputy Minister of Economy Andriy Telyupa. Answering a question about the first projects under the investment nanny program, the Astarta agricultural holding and the Bukovel recreational complex, Telyupa emphasized that these projects are an example of effective cooperation between the state and the business community. “Almost all of our programs are aimed at supporting small and medium-sized

On March 12, the State Property Fund will sell the state’s 100% stake of the authorized capital belonging to the Motordetal-Konotop enterprise in the Sumy region. The plant produces cylinder liners for various types of internal combustion engines, with more than 1,500 types of liners that are used in automotive equipment, ships, and locomotives. The facility employs the latest high-tech equipment in its liner production and has been certified for compliance with international standards. Motordetal-Konotop produces around five million liners

CEO of Piraeus Bank in Ukraine, Yannis Kyriakopoulos, has been elected Chairman of the Forum of Leading International Financial Institutions (FLIFI), which operates under the umbrella of the American Chamber of Commerce in Ukraine. FLIFI plays a vital role in fostering a stable and transparent Ukrainian banking system, advocating for its members’ interests, shaping regulatory frameworks, and promoting professional development. Yannis brings a wealth of experience to this position. Previously, he has served on various Boards of Directors of Piraeus

US President-elect Donald Trump said that a meeting with Putin is already being arranged, although the exact date has not yet been determined. The resumption of diplomatic dialogue between the US and Russia after Trump’s inauguration on January 20 could be an essential step in finding a solution to end the war in Ukraine. At the same time, Ukraine fears that a quick cessation of hostilities could lead to unfavorable conditions for the state. Trump, on the other hand, emphasizes

The current US presidential administration does not currently see that Ukraine or Russia are ready for peace talks, said White House strategic communications coordinator John Kirby. The FT, citing sources in Russian circles, writes that the primary goal of Russian dictator Putin in any negotiations will be to reach new security agreements that will guarantee that Ukraine will never join NATO. At the same time, European leaders and officials are convincing the newly elected US president and his team that

The Biden administration failed to use about $4B in aid for Ukraine that has been provided within various support packages. The next US president, Donald Trump, and his team will further manage these funds. Also, in 2025 Norway will allocate more than €2B, the largest amount in the country’s history, to support the Ukrainian military and will continue to purchase arms and ammunition from the Ukrainian defense industry. As well, Canada will provide an additional CAD 400M ($305M) that will

On January 12, Ukraine launched a drone assault in the Bryansk region of the Russian Federation. The previous day, Ukrainian drones hit one of the largest oil refineries in Russia – the Taneko refinery in the city of Nizhnekamsk, 1,000 km from the frontlines. The plant can process more than 16 million tons of oil annually and plays a key role in providing fuel to the Russian military. Also, as of January 12, a fire at the oil depot in

US President-elect Donald Trump has extended the timeline for the implementation of his campaign promise to end the war in Ukraine in a day to several months. According to EU allies, this is a signal that the Trump administration does not plan to stop supporting Kyiv immediately. European officials said there are currently no concrete decisions on ending the war and support for Ukraine will continue after the president’s inauguration on January 20. “The Trump team is obsessed with the

“In total, $115B has been attracted from partners since the beginning of the war,” said Prime Minister Denys Shmyhal. The EU, the US, Japan, the IMF, Canada, and the World Bank provided the most support. According to the prime minister, Ukraine fulfilled all of its commitments to reform and successfully continued the Ukraine Facility program, initiated by the EU. Therefore, it expects to receive €12B this year. In addition, it is expected to receive four tranches from the IMF, totaling

The German government plans to transfer new significant packages of military equipment to the Armed Forces of Ukraine in the first half of the year. The list of weapons that are planned to be provided includes 22 Leopard 1 main battle tanks, 25 Marder infantry fighting vehicles, and the Iris-T air defense system. In addition, Germany will deliver 16 howitzers, two additional Patriot air defense launchers, seven Gepard anti-aircraft tanks with ammunition, 3,500 UAVs, six Sea-King attack helicopters, and 250,000

Trump recently said that NATO countries should spend 5% of their GDP on defense. No NATO country, including the US, has reached the 5% spending target. NATO officials agree with the need for further increases in defense spending but disagreed with the 5% figure, which analysts say would be “politically and economically unfeasible for almost all members.” Reaching that figure would require hundreds of billions of dollars in additional military spending. However, the new goal will likely be agreed upon

Last year, Ukraine received about $42B in financial support. In addition, the country received more than $3.5B by placing foreign currency government bonds. The money, according to People’s Deputy of Ukraine Nina Yuzhanina, was directed to: servicing and repayment of state debt in foreign currency ($6.7B) and IMF payments ($3.4B) NBU interventions to sell foreign currency ($34.8B) were carried out to compensate for the structural deficit in the foreign exchange market and smooth out excessive exchange rate fluctuations increasing international

Ukraine received €3B from the EU as part of the ERA initiative, the first tranche of EU funds provided by revenue from frozen Russian assets. Ukraine will direct this to priority budget expenditures. In total, the G7 ERA initiative will allocate $50B to Ukraine, of which the EU will provide $20B. At the same time, representatives from Ukraine and Italy discussed the possibility of using revenue from frozen Russian assets to purchase Italian-made air defense systems and ammunition for them.