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Despite numerous attacks across nearly the entire front line, the aggressor forces have not made significant breakthroughs. Moscow set a new record for the number of offensive operations in June, but even with increased fighting intensity, the lack of progress in key areas indicates the depletion of Russian offensive capabilities. In the east, especially between Pokrovsk and Konstantynivka, Russian forces have made some gains but have not changed the overall operational situation. Already, the pace of advance is slowing, suggesting

It has been six months since Ukraine finally discontinued the transit of Russian gas to Europe. However, the EU is still buying Russian fuel in significant quantity. Between January and June this year, at least 8.1 billion cubic meters of Russian gas were transported to Europe through the Strandzha-2 compressor station in Bulgaria. All of this gas flows through TurkStream, the only route currently delivering systematic supplies of Russian gas to Europe. Although European officials frequently discuss reducing dependence on

These are initiatives to produce drones, ammunition, and missiles, which can be financed within the framework of the SAFE (Security Action for Europe) loan program that has a €150B budget. Ukrainian projects are designed to provide the war-torn country with the necessary weapons on the battlefield and increase European defense capabilities. The goal is also to provide the Ukrainian defense industry with long-term contracts through 2030. “We are ready for mutually beneficial cooperation on the path to integrating the Ukrainian

Over more than three years of the full-scale war, at the end of April 2025 the main providers of aid to Ukraine have remained unchanged: the US, the UK, and Germany. Meanwhile, Estonia, Denmark, and Lithuania allocate the largest percentage of their budgets. According to analysts, the countries that have contributed the largest amounts of aid since January 2022 are: The US – €114.63B The UK – €19.27B Germany – €15.92B Japan – €10.74B Canada – €10.36B Additionally, Baltic and

Due to Russian missile attacks on gas production infrastructure, Ukraine has lost up to 40% of its domestic production. Therefore, to ensure a sufficient supply of gas before the heating season, it will be necessary to import 4-5.5 billion cubic meters. The cost of gas imports this year will reach $2.9B. Gas prices in Ukraine in May hit ₴23,000 per 1,000 cubic meters (including VAT) – the highest level since February 2023. In 2021, natural gas consumption by industry was

According to Defense Minister Rustem Umerov this weapons marketplace aims to simplify and expedite weapon deliveries to the military. “Together with the Defense Procurement Agency and DOT – the State Logistics Operator – we are implementing DOT-Chain Defence, a weapons marketplace that radically changes the approach to provisioning,” he noted. Using the new system, the military will be able to independently order the weapons it needs for its specific missions. It will also have access to complete information: what exactly

The European Commission and Ukraine have finalized negotiations on renewing the Deep and Comprehensive Free Trade Area agreement. The main principles include: Completive conditions – Ukraine will gradually align its production standards with EU norms, particularly in areas such as animal welfare, pesticide use, and veterinary medicines. A mechanism to protect the internal market – Both sides will have the right to impose temporary restrictions if imports of certain goods threaten their national markets. In the case of the EU,

Agrosem, a prominent distributor of goods for farmers in Ukraine, has invested €20M into the technological and innovative aspects of the MOST Logistic Terminal project. Specifically, within the parameters of this project the company secured financing from the EBRD in the amount of €9.6M to build a grain terminal. The complex’s capacity will greatly shorten export times to EU countries, cut transportation costs, and establish a stable export route for farmers. The logistics terminal is situated on the border with

Over the past week, Russian forces launched 114 missiles, more than 1,270 drones, and nearly 1,100 guided bombs against Ukraine, said President Zelenskyy. Another large attack occurred on the night of June 29, when Russia deployed 477 strike UAVs and drone simulators along with 60 missiles. In Smila, Cherkasy region, the enemy targeted residential buildings, injuring 11 people, including two children. The college at the National University of Food Technologies was destroyed. An industrial facility was hit in Lviv, and

The Russian president stated that the government plans to cut defense expenditures, which have already reached record levels unseen since the days of the USSR. Consequently, military spending now accounts for 6.3% of GDP, which Putin considers excessive. However, Putin explained that the slowdown is a deliberate effort to control inflation. At the same time, the Kremlin is implementing tax reforms for small and medium-sized businesses to boost revenue, as the budget has been strained by collapsing raw material revenues

Russian forces took control of one of Ukraine’s most promising lithium sites – Shevchenkivske, located in Donetsk. This deposit was previously developed by an American company focused on critical minerals and was considered a vital part of the economic partnership between Kyiv and Washington regarding strategic resources. Shevchenkivske contains up to 90% spudumene – a mineral used to extract lithium, which is essential for manufacturing batteries for electric vehicles and energy storage systems. Clearly the Russian-Ukrainian war is increasingly resembling

The EBRD and the EIB have announced plans to invest €60M and €40M, respectively, in a new infrastructure fund, Amber Dragon Ukraine Infrastructure Fund I. The fund aims to reach a total of €350M and will focus on supporting infrastructure projects in Ukraine, mainly in renewable energy, sustainable transportation, and digital infrastructure. The EBRD will serve as an anchor investor, which is expected to help attract additional institutional investors and increase financing for sustainable infrastructure solutions in Ukraine. The fund

The EBRD might offer state-owned Ukreximbank a guarantee of up to €50M to cover as much as 50% of the credit risk on a portfolio of new loans to small and medium-sized enterprises (SMEs) valued at up to €100M. The goal is to boost lending to private Ukrainian companies in key economic sectors. Additionally, under the EU4Business-EBRD credit line, up to €20M will be allocated to finance long-term investments by Ukrainian SMEs aiming to upgrade their technologies and equipment to

The European Commission supports beginning these talks, said EC President Ursula von der Leyen after a European Council press conference. “Under constant attack, Ukraine continues to implement reforms, one after the other, which is impressive. Ukraine has made progress and deserves to advance,” she highlighted. Deputy Prime Minister Olha Stefanishyna expressed Ukraine’s eagerness to see the first cluster open as part of the accession process. “Partners highly valued Ukraine’s reform speed despite tough circumstances and called for next steps in

The European Commission will continue providing military, political, and economic support to Ukraine, said European Commission President Ursula von der Leyen. “Militarily, we recently allocated €1B to Ukraine’s defense industry through windfall profits from frozen Russian assets. We are on track to reach the target of two million rounds of artillery ammunition for Ukraine in 2025, and we are ready to frontload the remaining €11B of G7 loans,” she stated. The newly approved SAFE loan program, which supports European security

Ukraine’s Defense Minister Rustem Umerov revealed the Ministry of Defense’s plans to expand Ukraine’s cooperation with its allies on joint weapons manufacturing. He mentioned that there are already 21 initiatives to localize production in Ukraine with some of the world’s largest arms manufacturers, along with up to ten projects abroad, particularly in Denmark, Britain, and Norway, along with other countries. Several German enterprises are already operational in Ukraine, and a Ukrainian production plant is expected to open in Denmark in

Despite the war, the Ukrainian economy remains relatively stable, but growth has slowed because businesses have stopped investing in new projects, except for a few industries that have seen some benefit from the war. Ukraine’s economy is holding up with significant support from the West, but in the future external financial assistance may become insufficient. The WP recalls that at the heart of all economic forecasts for 2025 was the expectation that the war would end in the summer. But

Glovo is transforming its presence by increasing investment, expanding product categories, and shifting its focus from a food delivery service to a universal marketplace, said Glovo co-founder Sasha Misho. Last year, Glovo’s Ukrainian office revenue increased by a third to ₴3B ($70M). The company serves over 40 cities and has more than 12,000 active partners, 85% of whom are small and medium-sized businesses. Over 25% of Ukrainians have used the service at least once. A key trend is the rapid

Businessman Dmytro Oliynyk and his partners acquired a controlling stake in the Khmelnytskyi Regional Brewery. “We bought 78% of the shares. The buyer was Kostopil Glassworks,” he said. According to him, between 2025 and 2027 ₴250M ($6M) will be invested in the brewery’s development. Khmelpyva’s growth strategy involves focusing on the Khmelnytskyi region’s market, opening its own stores, and building the brand. Oliynyk explained that his decision to acquire the enterprise was driven by the synergy between the glass-making business

The Antimonopoly Committee of Ukraine (AMCU) has approved several deals that will allow one of SoftServe’s founders, Taras Kytsmey, to enter the dairy industry. The deal involves acquiring control of the assets of Mountain Milk and Mukko Milk, with an estimated investment at around $20M. In May, Kytsmey announced that he had received an offer to co-develop a modern cattle farm that would house 2,000 animals. The first phase is set to start in August of this year. Market insiders