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European partners believe they can convince US President Donald Trump to approve the sale of American weapons to Ukraine if they or Kyiv provide funding, especially through loans, reports WP. It is also noted that the green light for such weapons sales would depend on Trump’s whims. While Trump officials are worried that decisive support for Kyiv could upset Russia and undermine the President’s plans to open dialogue with the Kremlin, Trump still has ambitions to facilitate peace talks and

Draft laws on Defence City are being registered in the Verkhovna Rada, creating a special legal regime for taxation and state support of defense-industrial complex enterprises, similar to the existing Diia.City model, said Danylo Hetmantsev, chairman of the Verkhovna Rada Committee on Finance. It is proposed that the following benefits will apply to defense sector enterprises until January 1, 2036: Exemption from taxes on profit on the condition of reinvestment Exemption from land taxes Exemption from real estate taxes Exemption

The Ministers of Defense of Ukraine and Denmark – Rustem Umerov and Troels Lund Poulsen – signed a letter of intent, which paves the way for joint production of Ukrainian weapons in Denmark. “This document is the first step in implementing the Build with Ukraine initiative, work on which we began during the previous meeting in the Ramstein format,” Umerov noted. The Danish government is allocating approximately $78M to accelerate the launch of Ukrainian weapons production. All facilities created within

Two draft laws have been registered in the Verkhovna Rada that outline a system of partial reimbursement for investment costs through tax reductions. The compensation will cover expenses such as constructing engineering networks, structures, and related infrastructure; purchasing or building production facilities, as well as their modernization and technological upgrades; acquiring new equipment and components; and land acquisition costs. The partial reimbursement of costs is proposed to be achieved by lowering certain tax obligations, including income tax, import VAT on

A senior NATO official told reporters at the NATO summit that the Russian military-industrial complex is probably currently at its peak and will be able to sustain this level for at least another year. Russia currently produces about 130 tanks per month, or roughly 1,600 annually. Most of these are modernized or restored older tank models. The Russian Federation also has approximately 2,000 old tanks, though some are only suitable for spare parts. Additionally, Russia can produce approximately 183 infantry

US President Donald Trump’s nominee for the position of Supreme Allied Commander Europe, Lieutenant General Alexus Grynkewich, expressed confidence that Ukraine can win a war against Russia if the right tools are provided. His statement contradicts the Trump administration’s rhetoric, which insists that the conflict has no military solution and requires a peace agreement. Meanwhile, during the summit in The Hague, NATO countries stated that Russia will be able to maintain the current scale of hostilities in Ukraine until at

In the retail sector, all activity indicators are improving with consumer activity and shopping center attendance rising. Trade turnover is growing, increasing income for shopping center landlords. Additionally, the fixed component of rental rates is climbing, responding to high demand for retail space, according to an NBU report. “However, not all shopping centers are equally successful. In particular, some shopping centers in the capital have high vacancy rates, but this is due to issues with their business models. Despite a

Ukraine’s tourism sector has matched its pre-war income totals and continues to grow. In the first quarter, the budget was boosted by nearly ₴799M from tourism, which is 30% more than the same period in 2024 (₴616M) and nearly double the amount from the first quarter of 2023 (₴383M), according to the State Agency for Tourism Development. This year’s tax revenue already exceeds 2021 pre-war figures by 27% (₴629M in the first quarter). The agency attributes the growth to several

Viktoria Pazychuk, a plant manager at Kromberg & Schubert Ukraine, stated that by 2025 the company will be the largest employer in the region. Currently, it employs 5,500 people in Volyn, with the total exceeding 6,000 including mobilized workers. Pazychuk highlighted that over the past three years, since the start of the full-scale invasion, the Ukrainian branch has doubled in size. Their success is largely due to the trust placed in them by their German clients, who maintained and expanded

Deputy Mayor Vasyl Novachok reported that the city aims to develop a thermal power plant that will operate on RDF fuel composed from waste. Preliminary estimates suggest the future CHP will produce two MW of electricity and eight MW of thermal energy. This will help the city save over seven million cubic meters of natural gas annually. The project’s total cost is estimated at €35.78M, with a payback period of 15.6 years. The official indicated that this could become part

The Alliance would benefit from Ukraine’s membership, as it would enhance its strength and bring valuable battle-tested innovation. However, Zelenskyy stated that Ukraine’s NATO accession is unlikely to happen soon. He highlighted that NATO gains from having Ukraine as an ally due to Kyiv’s unique wartime experience, new technologies, and eagerness to support its allies’ defenses. “It’s not just about the battlefield. It’s also about the economy, survival, cyberattacks, the banking system, and the energy sector,” he explained. Zelenskyy emphasized

Ukrainian President Volodymyr Zelenskyy urged the Alliance to act quickly, as Russia’s war against Ukraine enters one of its most critical phases. “We believe that starting in 2030, Putin may have even greater opportunities. Today, Ukraine is holding him back,” the president said. However, according to the Ukrainian leader delays in increasing military support for Kyiv could give Russia time to regroup, retrain, and rearm. Zelenskyy stressed that Russian troops are suffering devastating losses on the battlefield, but Putin is

President Volodymyr Zelenskyy declared at the Defense Industry Forum in the Netherlands that “Our defense industry’s potential exceeds €35B, yet 40% remains unfunded, which is a major issue. For instance, we could produce approximately eight million diverse drones annually, but current funding supports a much smaller quantity.” He pointed out that Russia not only relies on oil revenue for aggression but also leverages resources from Iran, North Korea, and foreign companies. “Our solidarity is the best response to Russia’s military

Oil prices dropped sharply after US President Donald Trump announced a ceasefire between Israel and Iran (although it was soon broken), which alleviated concerns about disruptions in the supply of “black gold” from the primary oil-producing region. Brent and WTI futures fell by $2 on Tuesday to $69.4 and $66.5 per barrel, respectively. What is known now is that on Monday June 23, Trump announced that Israel and Iran had agreed to a ceasefire. If the ceasefire holds, investors may

Kyiv and London have reached a historic agreement that involves transferring war-tested Ukrainian technologies to British defense firms. The British government highlighted that Ukraine is a global leader in developing and applying drone technologies, which are updated approximately every six weeks. From this point forward, British defense companies will have access to these advanced developments and can quickly produce large quantities of drones for Ukraine. This will support Ukrainian defense efforts and benefit the British economy. The agreement is set

The Netherlands will provide Ukraine with 100 drone detection radar systems and 20 medical evacuation vehicles as part of a new €175M aid package, said Dutch Defense Minister Ruben Brekelmans. The drone detection radars will enable timely detection of enemy drones and transmission of their coordinates to Ukraine’s air defense. The deliveries are scheduled to be completed by the end of 2025. Additionally, €80M of the announced amount will be used to support Ukraine through the international drone coalition. Brekelmans

The EU is making a significant move to strengthen its defense industry and integrate Ukraine’s defense industrial complex. EU countries have approved a mandate to negotiate with the European Parliament regarding the launch of the European Defense Industrial Program (EDIP). This program would allocate €1.5B from the EU budget through December 31 2027, with €300M dedicated specifically to Ukraine’s defense sector. EDIP aims to boost the readiness of the EU defense industry, enhance its competitiveness, and improve its ability to

Representatives from Ukraine’s Ministry of Energy and an EU delegation discussed integrating Ukraine’s gas transmission system into the European Database (UDB). This integration will open the EU market to Ukrainian biomethane and enable it to earn green bonuses. “Our ambitious goal is to ensure the technical connection of the GTS Operator of Ukraine to this system, making it one of the first companies outside the EU to be fully integrated into the UDB,” the Ministry of Energy stated. Integration into

The State Property Fund of Ukraine held nine successful privatization auctions from June 16-20, raising ₴837.9M for the state budget. On average, prices for assets put up for auction increased by 220% during the bidding process. The most expensive asset sold last week was the state-owned construction company Ukrbud in Kyiv, which sold for ₴805M ($19M). Nine auctions are scheduled for this week, including lots such as the Lviv Special Design Bureau Topaz (Lviv) and the Scientific Center for Precision

A private company, Ivanivske, in Ternopil has started constructing a large-scale infrastructure project with a total cost exceeding ₴82M ($2M), including nearly ₴8M in state compensation for interest on loans under the Affordable Loans 5-7-9 program. The new elevator will help increase the farm’s productivity by allowing it to efficiently receive, dry, and store grain. Currently, Ivanivske manages over 4,000 hectares of land, primarily growing winter wheat, sugar beets, and corn. Meanwhile, the Topilche enterprise from Ternopil is also experiencing