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The governments of some NATO member states are talking about different scenarios that include security guarantees for Ukraine but also seek to avoid provoking Russian President Putin. According to sources, one of the options involves the creation of a demilitarized zone that European troops would patrol. The discussions are taking place against the backdrop of concerns about instability in Ukraine and the need to begin negotiations as quickly as possible. European allies also see this as a chance to demonstrate

The National Bank explains that this dynamic is due, on the one hand, to significant volumes received from international partners and, on the other hand, to a decrease in the volume of net currency sales by the NBU on the foreign exchange market. In particular, $6.68B was received by the government’s foreign exchange accounts with the NBU during the month from the World Bank, the US, and Japan, from the placement of foreign exchange government bonds, South Korea, and other

The budget needs for this year have been covered, the Finance Committee of Parliament reported. The EU was the largest donor with $40.54B, the US came in second with $29.78B, and the IMF also provided $11.37B in assistance. Japan provided $6.57B, Canada – $5.41B, and the World Bank – $5.25B. The United Kingdom provided $2.55B, Germany – $1.69B, and other partners – $2.77B. In November 2024, Ukraine’s state budget received $6.4B from international partners – both loans and grants. In

The European Union is prepared to financially compensate for the potential loss of the US’ contribution in the G7 agreement to provide Ukraine with a $50B loan. Politico quotes Polish Deputy Finance Minister Pawel Karbownik, who will start his presidency of the Council of the EU, said that there is a risk that US President-Elect Donald Trump will withdraw from the agreement. This risk is evidenced by US Speaker of the House of Representatives Mike Johnson’s refusal of the Biden

EU countries are discussing a €500B joint fund for defense projects and arms purchases. US President-Elect Trump’s threat to scrap security guarantees for NATO allies that underspend on defense and support for Ukraine have prompted European capitals to explore more radical options for defense funding. Senior European officials discussing the plan are now focused on creating a defense financing mechanism that would issue bonds backed by national guarantees from member states rather than the EU as a whole. A funding

The halt of Russian gas transit through the territory of Ukraine from January 1 will become a reality, said Deputy Head of the Ministry of Energy Roman Andarak during the Ukrainian Energy Security Dialogue 2024. According to him, transit will no longer be a decisive element in gas supplies for Europe and regions of Ukraine. “Our GTS operator has had some success in developing alternative gas supplies from other sources,” Andarak added. According to the head of the GTS Operator

Ukrainian biomethane can become a key factor in reducing the European Union’s dependence on Russian gas, Deputy Minister of Energy Mykola Kolisnyk said. The EU is also helping Ukraine harmonize natural gas legislation to simplify biomethane export. According to Kolisnyk, this will allow Ukrainian biomethane to displace Russian gas from the European market. European Commission representative Yolanda Garcia Mesquita noted that Ukraine has significant potential for biomethane production. According to her, this resource can replace natural gas in the EU

France is committed to facilitating the participation of French companies and other stakeholders in Ukraine’s reconstruction. In addition to concessional loans, export insurance, and military risks, France is supporting sectors that are essential for Ukrainian resilience in the medium and long term. Several concrete measures have been implemented: Saarstahl Rail supplied 20,000 tons of rail to Ukrzaliznytsia to repair over 150 kilometers of railway through a concessional loan of €37.6M. A memorandum was signed between Alstom and Ukrzaliznytsia to supply

As stated by US Secretary of State Antony Blinken, the US plans to exhaust Ukraine’s funding that has been approved by Congress by the end of Joe Biden’s presidential term. The Biden administration is going to increase US security support to further strengthen Ukrainian air defense, artillery, and armored vehicle capabilities. “We intend – this is my desire and the intention of the president – to use every cent of the available $61B in funding,” Blinken emphasized. He added that

Russian troops are probably planning an attack on Kherson and have gathered 300 boats to cross the Dnipro River, said the head of the Kherson regional military administration, Oleksandr Prokudin. The Ukrainian army clarified that Russian troops were trying to seize river islands and approach the western shore of Kherson. They recently carried out a large-scale attack on Kozatsky Island to the northeast of the city, near Nova Kakhovka. The FT noted that against the backdrop of an active Russian

There is no consensus among NATO members on the issue of extending an invitation to Ukraine, and several countries still oppose it, writes Le Monde. Opponents of Ukraine’s invitation include at least three countries: the US, Germany, and Hungary. However, France and the UK insist on Kyiv joining NATO. Although President Zelenskyy is asking his allies to accept Ukraine into NATO, European leaders are trying to find another solution given the concern held by some countries. At the same time,

Ukrainian Finance Minister Serhiy Marchenko signed a memorandum and a loan agreement with the EU to receive up to €35B in macro-financial assistance (MFA). These funds are part of the G7 initiative to provide a mechanism for additional loans to increase Ukrainian budget revenue. The final amount of MFA will be determined after the loan is approved by all parties. Considering the proposed US funding of $20B, macro-financial assistance from the EU may amount to $18B. “The loan will be

Ukrainian Foreign Minister Andriy Sybiha and US Secretary of State Antony Blinken signed a memorandum of understanding on cooperation to ensure the sustainability of Ukraine’s energy system. The memorandum will enable up to $825M of American assistance to improve the sustainability of Ukraine’s energy system, restore its critical infrastructure, introduce distributed generation, reform the energy sector, and facilitate the post-war transition to a low-carbon, competitive, and European-integrated economy. In addition, Denmark announced the provision of €6M to restore Ukraine’s energy

During the war, the undisputed leader in construction activity in Ukraine has been he Lviv region, where 35% of new buildings are being built. In the almost three years since the war began, construction of 150 residential complexes has been launched in the region. This is twice as much as in the Kyiv region, where 70 new projects were launched. The lion’s share of projects was launched in Lviv, while in Kyiv, real estate experts say the Kyiv region’s suburbs

According to Deputy Chairman of the NBU Serhiy Nikolaychuk, since the beginning of the full-scale invasion the increase has exceeded ₴830B (+90%). At the same time, 56% of customers’ hryvnia currency in banks are funds in the accounts belonging to legal entities, which have increased by 6% since the beginning of the year and by 100% since the beginning of the full-scale invasion. Hryvnia bank accounts owned by individuals have increased by 8% since the beginning of the year and

As the Russian offensive grinds on, the US plans to transfer three types of remote mining systems to Ukraine as part of a new $725M military aid package. These are the ADAM (Area Denial Artillery Munition) artillery system, the MOPMS (Modular Pack Mine System) portable system, and the Volcano system for remote mine laying. These weapons are referred to as unstable mines because they are designed to self-destruct after a set time. As well, the Italian government is preparing its

The total capacity of solar power generation installed by private households in Ukraine has already exceeded 1.5 GW. The regions have published data on the number of installed installations. Still, information on the total capacity of these installations is available only for some areas, and there is currently no information about solar power plants in the Ternopil, Zaporizhia, Donetsk, and Luhansk regions. The largest number of home solar power plants is in the Dnipropetrovsk region – 7,873 installations, the smallest

Polish company PKP Linia Hutnicza Szerokotorowa, part of the state-owned PKP group that operates a nearly 400-kilometer broad-gauge railway connecting with Ukraine, is investing in expanding and modernizing in anticipation of a post-war boom in traffic. In the first 10 months of the year, PKP LHS’s traffic volume reached over nine million tons (around 11 million tons are expected by the end of the year), compared to 8.3 million tons last year. Around 43% of this volume is Ukrainian iron

As of November 2024, 22,557 retail outlets in eight main retail sectors operated under the brands of the 110 members of the Ukrainian Retailers Association. The number of stores increased by 2,279 in the first 10 months of the year. At the same time, 731 retail outlets were closed for various reasons. The net increase is 1,548 retail outlets. Three retail sectors demonstrated the greatest network expansion. In first place is the retail pharmaceutical sector, which accounted for 43% of

NATO Secretary-General Mark Rutte said that the US would face a “dire threat” from China, Iran, and North Korea if Ukraine has to make concessions in order to end the war with Russia. In an interview with the FT, the secretary-general warned the US president-elect against brokering such a peace deal, which would lead to the West’s enemies planning their own attacks. “We cannot allow a situation where the leaders of North Korea, Russia, China and Iran shake hands because