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The Cabinet of Ministers has approved a new grant competition under the Brave1 project to develop a full explosives manufacturing cycle in Ukraine, announced Prime Minister Yulia Svyrydenko. The initiative’s main aim is to achieve a full production cycle. According to her, “everything – from equipment to chemical components – must be produced in Ukraine systematically and in the required volumes”. The grant competition includes technical expertise from Ukraine’s security and defense agencies, control testing, and a transparent competitive process.

According to Eurostat, from January to May 2025, despite sanctions, the EU imported 2.57 million tons (+1.1% compared to the same period last year) of metallurgical products from Russia, with a cost of €1.06B. Most of these imports are semi-finished products; in five months, 1.49 million tons were sent to the EU totaling €681.9M. Large volumes of pig iron were also imported in the amount of 696,990 tons (+68.5%). Meanwhile, the net profit of Russia’s largest metallurgical plant, Magnitogorsk Metallurgical

President Zelenskyy has signed a decree aimed at reducing bureaucratic procedures and initiating an immediate audit of state expenditures. The president emphasized that he expects concrete results from the Ukrainian government within a month. The main goals are to redirect state’s resources toward defense needs and strengthen the country’s stability as much as possible. According to the decree, the Cabinet of Ministers must undertake the following actions, considering their powers and the threats to national security: Review how state agencies

Experts from the British think tank Chatham House noted that the Russian Federation is spending unprecedented amounts on its war against Ukraine, but as a result of sanctions imposed by the West, it is losing the ability to modernize its army. Russia plans to spend 6.3% of its GDP on the war this year, the highest military expenditure since the Cold War. However, at the same time, the process of technological degradation of the Russian military-industrial complex is ongoing. Because

Bakery Food Investment launched a new frozen bakery facility in Khust, Transcarpathian region, with the total investment of ₴400M ($9.5M). BFI acquired the site in September 2024, and by May 2025, they had launched the first of five production lines. Four of these lines are dedicated to making frozen bakery products – pastries, phyllo dough, croissants, and donuts. The fifth line is for ice production. The plant’s planned capacity is up to 3,000 tons of products per month. Currently, BFI

After the meeting, Rustem Umerov, the head of the Ukrainian delegation, said that Ukraine had proposed a leaders’ meeting with the involvement of Turkish President Recep Tayyip Erdoğan and US President Donald Trump that will take place by the end of August. “Only a meeting between Putin and Zelenskyy can unblock a peaceful settlement. All technical mechanisms for a ceasefire are well known. The only obstacle is Moscow’s unconstructive position”, Umerov stated. The head of the Russian delegation, Vladimir Medinsky,

President Zelenskyy approved a bill that increases the influence of the Prosecutor General’s Office over investigations by the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAPO). He believes that the NABU and SAPO will continue their work, and the Prosecutor General is committed to ensuring that those responsible for crimes of corruption face real consequences. “Cases that have been sitting idle for years must be investigated. It cannot be that officials who fled Ukraine live

According to the NBU, Ukrainian banks have eased lending standards for households for the fifth consecutive quarter and for businesses for the first time since the third quarter of 2024. In the second quarter, banks generally simplified the terms for providing loans to businesses. This is especially true for short-term loans and foreign currency loans. The move to ease lending was mainly driven by large banks, which have become more flexible due to increased competition. Conditions for small and medium-sized

The main buyers of Ukrainian sunflower oil from January to June this year were Spain and Italy, which accounted for 12.88% and 12.18% of exports, respectively, followed by India with an 11.77% share. These countries spent $357M, $337.5M, and $326M on Ukrainian sunflower oil, respectively. Overall, in the first half of the year, Ukrainian sunflower oil exports totaled more than 2.4 million tons, generating up to $2.77B in revenue. However, rapeseed oil exports this year decreased by about 72.2% compared

According to ExPro, Ukraine exported 688,000 MWh of electricity during this period, which is 180% higher than the same period in 2024. A total of 37 companies exported electricity. Among these, the share of state-owned companies – Energoatom, Ukrhydroenergo, the Energy Company of Ukraine, and Naftogaz of Ukraine – accounted for 40% of the export structure. The five largest exporters of electricity in the first half of 2025 included: DTEK Zakhidenergo, Ukrhydroenergo, Energoatom, D.TRADING, and the Energy Company of Ukraine.

According to a report by the International Renewable Energy Agency (IRENA), deploying 582 gigawatts of new renewable capacity in 2024 led to significant savings, avoiding fossil fuel costs of about $57B. Notably, 91% of new renewable energy projects last year were more cost-effective than any new fossil fuel alternatives. Renewables have kept their price advantage over fossil fuels thanks to cost reductions from technological innovation, competitive supply chains, and economies of scale. In 2024, solar plants averaged 41% less cost

AgroVista Group is preparing to construct a biogas plant, said the company’s top manager Pavlo Fesiuk. He mentioned that this project is fully developed and has been presented to investors. Fesiuk added that the company has all the necessary resources to launch this initiative – including raw materials, energy expertise, its own gas supply, a team, and infrastructure. The plant’s capacity will be five MW, and the project’s cost is estimated at $20M. Fesiuk noted that the facility will be

Energy Minister Svitlana Grynchuk said: “Today, the main challenge is the widespread use of unmanned aerial vehicles. In 2025, up to 90% of strikes are expected to be carried out by UAVs. Therefore, the Ministry of Energy emphasizes the need to install advanced systems to counter drone threats”. It is noted that since the start of the full-scale invasion, more than 700 enemy attacks on Ukrainian energy facilities have been recorded. Most recently, on the night of July 23 the

Centravis, a manufacturer of seamless stainless-steel pipes, plans to implement projects to modernize their production and expand their pipe manufacturing operations by $14.5M over two years. The first project involves purchasing new equipment, which will enable the production of pipes, couplings, and casing strings. These products will be used for carbon capture as well as oil and gas extraction. The project budget is $11M, and $10M needs to be raised. The second project aims to expand the company’s product range

Latvia has sent 1,300 drones to Ukraine’s Armed Forces as part of the multinational Drone Coalition. Including this shipment, Ukraine has received a total of 12,000 Latvian-made drones worth over €17M this year. The Canadian government will contribute an additional $14.6M to support the maintenance and repair of Leopard 2 tanks that have been provided to Ukraine. The Lithuanian Radarom! campaign, launched on the eve of the third anniversary of the full-scale Russian invasion, has already raised more than €4.4M

Due to declining oil prices and a strengthening Russian currency, Moscow’s income from July’s hydrocarbon sales will drop by roughly 37% compared to the same period last year, reaching ₽680B ($8.66B). Russia’s profits from oil and gas sales from January to July could decrease by 20%, totaling ₽5.4T. Additionally, following the implementation of the EU’s 18th sanctions package against Russia, a second tanker has refused to load fuel from the Indian oil refinery Nayara Energy, which is partially owned by

The Ukrainian Parliament approved legislation that would strip the country’s anti-corruption agencies of their independence and could hinder efforts to combat high-level corruption. The changes effectively place the National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAPO) of Ukraine under the control of the Prosecutor General’s Office, whose head is loyal to the president. This legislation is the latest indication that Zelenskyy’s government is eroding anti-corruption measures, with many activists accusing his wartime administration of adopting authoritarian tactics,

According to The Guardian, Putin does not seem embarrassed by the first tangible rift between US President Donald Trump and Moscow, indicating that the Russian dictator has long anticipated this development. Although Russia considers the worsening of ties with Trump regrettable – particularly since the US president has sharply shifted his tone, announcing support for Ukraine and threatening extensive sanctions against Russia – sources say that, for Putin, the war has always remained a top priority. Analysts suggest that Trump’s

US Treasury Secretary Scott Bessent said that the Washington expects its European allies to join potential secondary tariffs against countries that help Russia, particularly by purchasing its oil. These sanctions could be implemented if Russia does not meet the conditions of Trump’s ultimatum and continues the war. “Any country that buys Russian oil subject to sanctions will face secondary tariffs of up to 100%”, the secretary noted. Meanwhile, Republican Senator Lindsey Graham welcomed the EU’s decision to reduce the maximum

The Ukrainian Parliament adopted in the first reading a draft law that establishes the foundations for the phased integration of Ukraine’s electricity market into the EU’s single energy space. This draft law is based on nine key EU regulatory acts governing energy markets and aims to align Ukrainian legislation with European standards. The main goal is to create a transparent, competitive, and safe environment for all participants in the electricity market. The proposed changes pave the way for Ukraine’s full