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The Ministry of Infrastructure is preparing new concession projects and restarting those whose implementation was stopped in Ukrainian ports, said Tymur Tkachenko, deputy head of the department. “Preparations are underway to restart projects in the ports of Olbia and Kherson. In parallel, we are working on the company Ukrainian Danube Shipping (UDP) – this is critically important for strengthening the position of the company in the Danube transportation market and ensuring export supplies of grain, especially in the case of

Business centers in Lviv are going through difficult times in the third year of the war, and vacancy rates have increased to 34%. Falling rental demand has led to a 21% drop in prices year-on-year to $7-16 per square meter per month (excluding VAT and OpEx). Class A office space prices fell the most, analysts concluded. On the other hand, in Kyiv rental rates in class A and B properties remained unchanged during the last quarter and fluctuated in the

French President Emmanuel Macron and British Prime Minister Keir Starmer are set on convincing US President Joe Biden to allow Ukraine to launch long-range Storm Shadow missiles into Russia before he leaves the White House. According to British government sources, the issue is thought to have been discussed at a meeting in Paris on November 11. French and British leaders are counting on Biden to accept their offer, perhaps in an attempt to preserve his political legacy. Macron and Starmer

The Russian military has gathered 50,000 troops, including North Korean soldiers, to retake the territories captured by Ukraine in the Kursk region. Russia has accumulated forces without needing to withdraw its troops from eastern Ukraine, allowing Moscow to exert pressure on several fronts simultaneously. According to military analysts, Ukrainian forces will be difficult to dislodge, and Russian and North Korean troops are likely to suffer significant losses. However, if Russia gains momentum, it may not stop at its border but

“The ongoing IMF mission to Kyiv ends on November 18, with discussions expected to continue virtually after that”, said an IMF resident representative in Ukraine, Priscilla Toffano. The International Monetary Fund began its latest assessment of its loan program with Ukraine, even as Kyiv delays passing tax legislation as the lender expects. The IMF considered a Ukrainian plan to raise taxes insufficient, proposing an increase in value-added tax, but this plan was criticized by many Ukrainian businesses. According to a

The accumulation of debt owed to producers in the renewable energy sector hinders the construction of new capacities, which are critically important for overcoming Ukraine’s electricity shortage, said Volodymyr Omelchenko, director of energy programs at the Razumkov Center. The expert believes that to solve the problem, the state needs to develop a clear debt repayment plan and implement it. He said the Ukrenergo’s transmission tariff was insufficient to cover the Guaranteed Buyer’s ₴8B in costs for 2022-2023 and another ₴10B

Mauro Longobardo, CEO of metallurgical giant ArcelorMittal Kryvyi Rih, said that the company is recovering from the losses of the previous two years but has not yet broken even. In 2024, the plant lost more than $50M due to the war and had no choice but to change the geography of the company’s sales significantly. “Europe is now our accessible market and is becoming one of our main markets,” he said. Longobardo emphasized the need for European integration. However, because

According to the NBU, Ukraine is expected to receive about $42B in international financing for 2024, $38B in 2025, and $25B in 2026. By the end of 2024, Ukraine will receive $4.8B under the SPUR program and administered through the World Bank, supported by $1.6B in US funding. In addition, significant progress has been made in confirming foreign aid in 2025-2026. In particular, the Council of the EU approved a loan of up to €35B for Ukraine. The final amount

Small and medium-sized enterprises (SMEs) are the backbone of Ukraine’s economy, creating jobs and providing much-needed goods and services. Because of the war, commercial lending in Ukraine has become more risk-averse, and SMEs lack access to the financing needed to continue operations and expand. This financing need is particularly acute in the country’s agricultural sector, which has sustained more than $80B in damages and other losses since the war began. According to the DFC’s Director of International Project Finance, John

This week, the European Parliament is preparing to adopt a resolution calling for more “targeted” measures against the Russian Federation’s shadow fleet. Russia’s continued evasion of sanctions provides income and creates the risk of an environmental disaster. The European Parliament insists on “systematic sanctioning” of ships carrying Russian oil and calls on the EU to strengthen satellite monitoring and “targeted inspections” of tankers. Other proposals include new requirements for vessels to show proof of insurance in EU waters. Russia increasingly

The EFI Group plans to build the glass factory in the spring of 2025. “This is a very complex project; we have been working on it for two years. I hope that by the end of the year we will be able to announce the start of construction,” according to the company. The total investment in one production line is about €230M, with about €100M in equipment financing from European partners. After establishing production, the company plans to sell its

The Kremlin is discussing the possibility of uniting Russia’s largest oil companies into one megastructure. This would entail Rosneft taking control of Lukoil and Gazpromneft. The deal would significantly strengthen Putin’s control over global energy markets and Russia’s military economy if the deal goes through. The combined structure would become the second largest oil producer in the world after Saudi Aramco, producing almost three times more than the largest American company, Exxon Mobil. This would allow the Russian Federation to

After the start of the full-scale war and mass emigration in Ukraine, the working population decreased from 18 to 14 million people, said economist and member of the Economic Discussion Club, Oleg Pendzyn. He said that 6.5 million people work legally and pay taxes, and another three million receive salaries from the state. As of November 1, 41,900 Ukrainians are receiving unemployment benefits in Ukraine. Notably, in the draft for the 2025 state budget, the Cabinet of Ministers proposes allocating

Russian dictator Putin is trying to influence the foreign policy of US President-elect Donald Trump and achieve a reset of relations between Russia and the US on Moscow’s terms. The ISW pointed to new statements by the Russian dictator, which he made at the annual meeting of the Valdai discussion club. Among other things, Putin hinted that Trump’s team expressed a desire to restore relations with Russia to help put an end to the “Ukrainian crisis.” At the same time,

The United States is ready to support negotiations between Ukraine and Russia if President Volodymyr Zelenskyy expresses his readiness to do so, said Matthew Miller, spokesperson for the US State Department. “This has been our long-standing policy that President Zelenskyy should decide when the time comes for negotiations. This is not something that we or any other country should push him to do,” he stressed. Miller emphasized that the United States would support President Zelenskyy in any process “aimed at

Pentagon deputy spokesperson Sabrina Singh confirmed the US’ commitment to continue military aid to Ukraine until the end of the current Biden administration. In particular, the presidential aid packages and the USAI (Ukraine Security Assistance Initiative) will remain active during this period. “We still have about $2B left in USAI to allocate. Therefore, in the coming weeks, we will continue to provide packages,” she emphasized. Singh stated that military support will continue to arrive regularly. The official also emphasized that

US President-elect Donald Trump may call on European and British troops to secure an 800-mile (1,200-kilometer) buffer zone between the Russian and Ukrainian armies as part of a plan to freeze the war between the countries, writes The Telegraph. The plan is one of several Trump is considering. As previously described, this involves freezing the current front line and preventing Ukraine from joining NATO for 20 years in exchange for US-supplied arms to prevent Russia from resuming the war. At

At a meeting in Budapest last week, EU leaders discussed continuing military support for Ukraine should Donald Trump end US aid. Several officials believe the European Commission should develop proposals detailing how the EU will respond to such a move by the US. Hungarian Prime Minister Viktor Orbán said that Europe cannot finance a “losing war” if the US stops its support. The Estonian prime minister stated that the support of Ukraine in the coming months will determine the EU’s

The Defense Forces of Estonia noted the Russian invaders’ heightened offensive pace as Moscow attempts to seize as much territory as possible before the frost. The main fighting is concentrated on a narrow section in the Kurakhove and Pokrovsk directions, where more than 60% of combat occurs. Despite the high offensive pressure, the Ukrainian military’s defense remains organized, and the enemy is suffering heavy losses. If the current pace of hostilities continues, Russia’s losses in November may be comparable to

The US will permit American defense contractors to work in Ukraine to service and repair weapons and equipment provided by the Pentagon. The US will also send Ukraine more than 500 interceptor missiles for the Patriot and NASAMS air defense systems, which should be enough for Ukraine to defend its territory through the end of the year. Also, France will hand over Mistral anti-aircraft missile systems and about 10 long-range SCALP missiles. Ukraine will also receive air defense missiles from