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The Trump administration plans to redistribute weapon supplies, especially air defense systems, so that countries transferring their stocks to Ukraine will receive them first. The US has already prioritized Germany over Switzerland in transferring new Patriot anti-aircraft missile systems, paving the way for Berlin to send two systems to Ukraine. Washington’s promise to quickly replace the German Patriot systems marks the first time the Trump administration has actively promoted weapons supplies to Ukraine. Additionally, Kyiv plans to sign a drone

EU ambassadors agreed on the 18th package of sanctions in response to Russia’s aggression against Ukraine. EU Foreign Minister Kaja Kallas described this package as “one of the toughest sanctions packages against Russia ever”. She explained that it further restricts the Kremlin’s military budget: An additional 105 ships from Russia’s shadow fleet have been sanctioned. The sanctions also ban the use of the Nord Stream pipelines, lower the price ceiling for Russian oil from $60 to $47.6 per barrel, and

The Metinvest Group unveiled these large-scale projects at the URC2025 international conference in Rome. Both initiatives will be carried out at the Northern Mining and Processing Plant. The first project, costing $1.12B, involves starting the production of DR pellets, a crucial element for green metallurgy. It plans to build new ore enrichment facilities and modernize pellet production lines with a capacity of eight million tons annually. The raw material will come from Metinvest’s own quarry. This project is scheduled for

Additionally, it will offer another $116M to strengthen the energy resilience of areas impacted by Russian attacks. The funds will be used to repair heat systems in cities where critical infrastructure has been heavily damaged, including Kharkiv, Sumy, Chernihiv, Mykolaiv, Kryvyi Rih, Kremenchuk, and Slavuta. This support is part of the second phase of the Restoration of Winter Energy Supply and Supply of Energy Resources project. The funding will cover the purchase of gas-fired cogeneration units, specialized equipment, and materials

The Varus supermarket chain plans to allocate $30M over the next three years to create a separate technology platform for delivering food kits on a subscription basis. The company aims to shift from traditional retail to a service that will allow customers to order everything they need in just a few clicks: from dinner to complex solutions like “guests for an hour” or “healthy week”. To achieve this, a dedicated team with its own IT department, marketing, courier service, and

Roksolana Pidlasa, head of the parliamentary budget committee, said that after adopting amendments to Ukraine’s budget this year, its planned deficit will be $42B (based on the estimated exchange rate), and there is no reason to think it will decrease next year. As a result, the need for external financing will remain at about $40B. “Partly, this need will be covered by the so-called non-repayable loans from the G7 countries (ERA loans), partly by EU assistance within the framework of

The Polish Association of Oil Producers (PSPO), which represents 95% of the industry, has asked Prime Minister Donald Tusk to reverse the 2023 order banning Ukrainian rapeseed imports. The raw material shortage for the 2025-2026 season could reach at least 500,000 tons, threatening the operation of local oil refineries. Companies are already facing rapeseed shortages this season because of a reduced harvest. Industry representatives highlight that the current situation puts Polish companies at a disadvantage compared to other EU countries,

Representatives of the Volyn Regional State Administration met with a delegation from Aldesa Polska, a Polish subsidiary of the Spanish construction group Grupo Aldesa. The company announced its intention to enter the Ukrainian market and considers Volyn in the Western Ukraine a priority region for investment. Aldesa Polska specializes in transportation infrastructure and the construction of industrial and energy facilities. The company has already completed more than 60 large-scale projects in Poland. The main areas of cooperation between Aldesa Polska

DTEK’s CEO, Maksym Timchenko, said: “We are currently building onshore wind farms with a capacity of 500 MW – there are no such projects of this scale in Europe. We are also preparing a project in the Poltava region with a capacity of 650 MW.” He explained that green energy is beneficial not only for addressing climate issues but also for energy security. “After the attacks on thermal power plants, we see that solar and wind plants are more resistant to

The Ministry of Economy is currently working on legislative changes that will enable the privatization of shares in large state-owned companies, said the Minister of Economy, Oleksiy Sobolev. “We are currently preparing a new stage, and we are considering selling shares of large state-owned companies. We have not done this yet, and the legislation is not fully ready; we need to make small changes to several laws to make it happen”, he said. The minister noted that to accelerate the

The Antimonopoly Committee of Ukraine has approved VI.AN Holding Limited (Cyprus), owned by Vitaliy Antonov (founder of OKKO Group), to take control of Kairos-Holding. OKKO Group stated that this acquisition is a logical step in its agricultural growth strategy, particularly in expanding its land holdings. Interest in the Ternopil and Rivne regions, where Kairos-Holding owns land, is driven by favorable natural and climatic conditions and higher yield rates compared to other areas in Ukraine. OKKO is also finishing the construction

Co-founder of defense startup Helsing, Gundbert Scherf, noted that Ukraine has strong capabilities in drone manufacturing and is rapidly improving designs and technology. Initially, the war-torn country primarily focused on FPV drones, but now it is also advancing unmanned long-range systems. He said the scale and innovation happening in Ukraine through hundreds of private sector initiatives are truly impressive. Scherf expressed hope that if Helsing manages to deploy thousands of its HX-2 medium-range kamikaze drones in Ukraine, which resist electronic

The Verkhovna Rada of Ukraine appointed Yulia Svyrydenko as the new Prime Minister. The Minister of Digital Transformation, Mykhailo Fedorov, became the First Deputy Prime Minister and Denys Shmyhal was appointed Minister of Defense. The department will also oversee strategic industries, so the head of the Ministry of Strategic Industry, Herman Smetanin, will lead Ukroboronprom following the department’s liquidation. The Ministries of Economy, Ecology, and Agriculture were merged into one department, led by Oleksiy Sobolev, who was Svyrydenko’s first deputy

According to a KPMG study, Ukraine’s M&A market showed positive trends in the first half of the year. The revival of domestic deals and strategic acquisitions both domestically and abroad contributed to a 26% increase in the number of transactions and a 21% rise in their value. Overall, 34 M&A deals were finalized in Ukraine during this period, with the total value of disclosed agreements reaching $716M. Although financial details are disclosed for only 50% of these, the average size

Piraeus Bank holds leading positions among providers of custodial services, professional custody of assets with clear mechanisms for control, reporting, and transparency for leaders in the non-state pension segment. Piraeus Bank’s share in servicing the 10 leading non-state pension funds (NPFs) is 50%, the bank told UBN. Additionally, the bank manages 48% of all custodial NPF assets in Ukraine. Piraeus Bank Board Member Iryna Stakhurska believes that pension reform will further boost the development of banking services in this sector.

Before the new seven-year EU budget for 2028-2034 is adopted, the EU will not be able to fully cover Ukraine’s financial needs on its own, so it is negotiating with partners on how to split aid costs, said EU Commissioner for Enlargement Marta Kos, commenting on the details of the Global Europe budget section. “Ukraine needs about €80B a year to operate as a state. EU funds will not be enough”, Kos acknowledged. Consequently, the EU has started talks with

Ukraine’s nominal GDP in the first quarter of 2025 was ₴1.9T, according to the State Statistics Service. Meanwhile, real GDP growth by the first quarter of 2024 reached 0.9%. At the same time, financial company ICU has lowered its GDP growth forecast for 2025. “Economic growth will stay slow, as resources for recovery – both labor and capital – will be limited. The moderate recovery will be driven by domestic private consumption due to rising incomes among private sector employees.

The US has just begun negotiations with allies to determine what can be sent to Ukraine and who will supply it. The German government refuted US President Donald Trump’s claim that the first Patriot missiles or air defense systems have already been sent to Ukraine from Germany. Meanwhile, NATO’s Supreme Allied Commander Europe, Alexus Grynkewich, said he was instructed to deliver Patriot systems to Ukraine as soon as possible and that he is working closely with Germany on this matter.

Head of Ukraine’s Presidential Office Andriy Yermak stated that US President Donald Trump can end the Ukraine conflict by the end of 2025 if he enforces strict sanctions on buyers of Russian energy resources. These secondary sanctions could pressure China and India – the primary importers of Russian oil and gas – to demand that Moscow agree to peace in order to avoid a trade war with the US. “Only economic problems can really put pressure on Putin. The new

Plans also include constructing a multimodal terminal for bulk cargo and a base for petroleum products, featuring a mixing plant for adding bioethanol to gasoline in Transcarpathia. According to the project’s plans, a terminal for transshipment of light petroleum products and other bulk cargo is planned on the outskirts of the village of Goronda, 17 kilometers from Mukachevo. The area designated for the future dry port is approximately 19 hectares. The terminal will handle the import and export of liquefied