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Deputy Minister of Economy Taras Kachka explained that the mineral agreement with the US, which provides for the creation of a separate investment fund, will be ratified solely by the Ukrainian side. Ratification in the US Congress is not necessary, as the fund’s main activities will be carried out within Ukraine’s legal framework. According to Kachka, Ukraine must provide certain assurances regarding the fund’s operation. “We provide guarantees within the framework of public law. That is, this is an intergovernmental

Analysts note that the EU will not extend the trade visa-free regime, which allowed Ukraine to trade goods duty-free. Poland and several other countries opposed the automatic extension. However, the EU will not cancel all autonomous trade measures and offers Ukraine the opportunity to update the terms of free trade within the framework of the association agreement. The EU’s share in total Ukrainian exports increased from 40% in 2021 to over 60% in 2024. In the agricultural sector, this share

The Ukrainian government may permit the export of defense products as early as May, and work on this has been ongoing for several months. Government sources say that the president has already approved the opening of exports, and responsible parties are developing a procedure for full-scale commercial sales abroad. There are currently three scenarios for the export of defense products: The first option involves point-by-point coordination of each contract. Since the export of military technologies in Ukraine is not currently

Autonomous UAV manufacturer Quantum Systems from Germany has secured €160M in Series C funding, led by the British venture capital firm Balderton Capital. The funds will be used for researching and developing unmanned AI systems, expanding production, and increasing its presence in Europe, America, and the Asia-Pacific region. Quantum Systems produces dual-purpose reconnaissance UAVs utilized in the defense sector, agriculture, mining, and infrastructure monitoring. The startup has secured several government contracts in the US, Colombia, Australia, Germany, Spain, and Ukraine.

The European Commission published a plan for EU countries to entirely eliminate Russian energy carriers, through which negotiations on new contracts with suppliers of Russian gas (pipeline and LNG) will be suspended, and all existing spot contracts will remain valid until the end of 2025. The EC proposes the halting of all imports of gas and oil from Russia by the end of 2027 and calls on each EU member state to develop national initiatives to replace Russian energy carriers.

According to a KSE report, Ukraine’s GDP is projected to grow by about 3% in 2025, and after the war ends in 2026-2027, the growth rate is expected to accelerate. One critically important factor in maintaining macroeconomic stability this year is the G7 countries’ decision to provide Ukraine with $50B under the ERA mechanism. In total, from 2025 to 2027 Ukraine should receive approximately $92B in external financing, with more than $58B expected this year. With this support, Ukraine will

The main goal of the initiative is to promote economic development by reducing unemployment, ensure equal access to quality jobs, and create a flexible, inclusive employment system. It is predicted that the unemployment rate will be 10.9% in 2025. Last year, 389,000 people were registered as unemployed, while the actual number of individuals without work is significantly higher. The future strategy will address several key areas: Creating new jobs by supporting small and medium-sized businesses, attracting investment, and developing social

US President Donald Trump said that he does not rule out the possibility of signing a bill proposed by Republican Senator Lindsey Graham, which aims to strengthen sanctions against Russia. “It will depend on whether Russia moves in the direction of peace. We seek to achieve a peace agreement between Russia and Ukraine. We want to save a lot of people from being killed, and save a lot of money too, because we spend way more on this war than

According to Economy Minister Yulia Svyrydenko: “Our task is to do it as quickly as possible. I think it will take months, not years.”  According to the WSJ, oil and gas projects are likely first to be implemented in Ukraine under the agreement, as they are easier to execute. Ukrainian experts also believe that the subsoil agreement will ensure the development of the extractive industry in Ukraine, including oil and gas as well as critical minerals such as graphite. In

One option for security guarantees being discussed is a format similar to Article 5 of the NATO Charter, which states that in the event of an attack on one country, other members of the Alliance must participate in that country’s defense. Two different approaches to deploying contingent or coalition forces in Ukraine are currently being examined, both of which involve a large and formidable Ukrainian army. This is a top priority for Ukraine regarding security guarantees, explained President Zelenskyy. “A

The leaders of Germany’s Social Democratic Party have signed a coalition agreement with the conservative blocs Christian Democrats and Christian Social Union. This has opened the way for the appointment of ministers in the new German government and a vote on the candidacy of the leader of the CDU party, Friedrich Merz, for the position of chancellor. The agreement notes that Germany is now facing the greatest security threats since the Cold War, particularly from Russia. The coalition emphasizes the

Former ambassador to Germany and future representative of Ukraine to the UN Andriy Melnyk believes that under Chancellor Friedrich Merz, Germany could become Ukraine’s main partner. “This is the historic moment when Germany can become a true leader in Europe, not only an economic power. Future Chancellor Friedrich Merz has such geopolitical ambition,” he noted. Melnyk pointed out that Germany used to be proud of being second only to the US in the provision of arms to Kyiv. In 2022,

Despite the ongoing Russian aggression against Ukraine and EU sanctions, Russian manufacturers continue to receive substantial income from exports of metal products and minerals to the EU, particularly pig iron and semi-finished steel products. Last year, Russian exports of these products exceeded $2.75B. Imports of Russian pig iron to the EU rose to 474,540 tons in January 2025 compared to 36,300 tons in the same month last year and 600 tons in December 2024. In January and February of this

EU Commissioner for Defense and Space Andrius Kubilius stated that the US and the EU currently allocate about €40B annually for military assistance to Ukraine. He believes these funds could be used more effectively if directed towards purchasing weapons directly from Ukrainian manufacturers, as the cost of weapons produced in Ukraine is approximately 50% lower than similar weapons from the EU or the US. Therefore, by utilizing Ukraine’s defense industry the volume of weapons supplied to Ukraine could effectively be

At the 2025 Spring Meetings in Washington, the IMF provided Ukrainian government officials with various recommendations on addressing the state budget for 2026. It is noted that representatives from Ukraine and the IMF discussed tax increases, particularly regarding VAT rates and transitioning to a progressive personal income tax scale, which entails higher tax rates for individuals with high incomes. The “luxury tax” was also briefly mentioned. However, much of the discussion was focused on the shadow economy. The IMF is

On May 8, the European Parliament will consider the issue of introducing a preferential regime for exports of Ukrainian steel and iron to the EU following the conclusion of the visa-free trade period on June 5 2025. The European Commission noted that, despite the destruction and occupation of many production facilities during the war, Ukraine remains a significant exporter of iron and steel. To support Ukraine, it is proposed to maintain the suspension of Regulation (EU) 2015/478, which serves as

This year, the Desna farm plans to construct a modern storage facility capable of handling 8,000-10,000 tons of potatoes in the Chernihiv region. The company will secure funding through the Affordable Loans 5-7-9% program for the project’s implementation. The construction of the storage facility will allow an increase in the area dedicated to potatoes from 200 hectares to 400 hectares. Currently, the company grows between 4,000 and 10,000 tons of potatoes annually. The farm has the capacity to store 7,000

Agribusinesses listed in the Opendatabot Index generated ₴146B in revenue last year, reflecting an overall revenue increase of 70%. For the first time since the onset of the full-scale war, all leaders reported profits, which total ₴19.92B ($480M). More than half of the leading companies are part of the MHP financial and industrial group, which accounts for 71% of total revenue and 67% of the revenue from industry leaders. Vinnytsia Poultry Farm topped the rankings, with revenue rising by 27%

President Zelenskyy described the initiative proposed by the Russian president for a three-day truce from May 7 to 9 as a theatrical performance intended to suggest that Russia is emerging from isolation. “It is impossible to develop any plan for the next steps needed to end the war in two or three days. This is not a very serious suggestion,” Zelenskyy remarked. The Ukrainian leader advocates for a 30-day truce, as suggested by the US. He also stated that Ukraine

Currently, the US’ attention is also demanded in other regions needing diplomatic engagement, as noted by State Department spokesperson Tammy Bruce on May 1. Secretary of State Marco Rubio, along with Trump’s national security adviser, suggested that the US administration might shift its focus from the war in Ukraine due to more pressing global issues, particularly China and Iran’s nuclear ambitions. According to Rubio, the Russian Federation’s war against Ukraine lacks a military resolution. “There comes a point when the