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Rosstat reports that in the first quarter of 2025, net profit for these companies fell by nearly half. Within three months, Russian oil and gas firms, which account for 33% of the budget, generated ₽789.5B, down from ₽1.45T the previous year. Russian oil refineries’ profitability has nearly vanished, as oil product producers saw earnings fall to ₽4.5B (-95.7%). Overall, the raw materials sector, which constitutes 14% of Russian GDP and provides 50% of budget revenue, experienced a 38% decline in

The draft communiqué for the NATO summit set for June 24-25 in The Hague is notably concise and largely avoids mentioning Ukraine, concentrating instead on boosting defense spending. This document starkly contrasts with last year’s lengthy version, which spanned over a dozen pages and promised long-term defense aid to Ukraine. The new statement solely emphasizes defense expenditures. NATO members are required to raise their spending from the current 2% to at least 3.5% of GDP by 2032, along with an

On the night of June 11, Ukrainian drones launched a substantial strike on the Tambov gunpowder facility. Local residents reported hearing at least 15 explosions accompanied by a fire, likely ignited by one of the ammunition warehouses. The Tambov gunpowder plant is the leading producer of gunpowder in Russia, generating over 200 types of products for small arms, hand grenades, grenade launchers, and artillery ammunition. This recent attack marks the fifth since the onset of the full-scale war, with the

Ukraine’s Minister of Finance, Serhiy Marchenko, and Mark Bowman, VP of the EBRD, have agreed to continue these initiatives, which are aimed at strengthening Ukraine’s energy security. During their meeting in Kyiv, they reviewed the progress of ongoing projects and explored the potential for further cooperation in the energy sector. Currently, the EBRD finances nine energy projects out of the 14 operating in the public sector, amounting to a total of €2.7B. Notable progress includes a guarantee agreement signed in

Auditors identified several risks to economic stability, including a decline in the number of individual entrepreneurs, volatility in the foreign exchange market, and inflationary pressures. Olga Pishchanska, Head of the Accounting Chamber, stated that executing the budget remains difficult due to the war, citing challenges like logistics problems, population displacement, and infrastructure damage. For January to March, real GDP growth was just 0.5%, significantly lower than the annual 2.7% forecast, raising concerns about meeting budget revenue targets. Key factors behind

The updated World Bank forecast notes that discussions on a potential ceasefire between Russia and Ukraine began earlier this year; however, the prospects for a long-term settlement remain uncertain. Ukraine’s economic growth is expected to rise to 5.2% by 2026. This growth acceleration considers the bank’s expectation that the Russian invasion “will last until the end of 2025, after which active hostilities will begin to subside.” The projected growth in 2026 assumes a surge in investment in manufacturing and reconstruction,

AgHoldCo will implement a large-scale project that will involve building hundreds of grain silos in Ukraine with a total capacity exceeding five million tons for simultaneous storage, as well as creating extensive logistics and processing hubs, said AgHoldCo co-founder Vitaliy Skotsyk. “In fact, this is such a large project that it involves the construction of 409 elevators for small farmers and communities and 24 regional bioclusters, where this grain will be collected, processed into biofuel, compound feed and many other

This initiative was made possible through the city’s collaboration with the Japan International Cooperation Agency (JICA), which provided Mykolaiv with modern equipment. At the plant, construction waste resulting from damage caused by Russian shelling is given a second life. Special equipment sorts and processes the waste into crushed stone of various sizes, which can then be reused in construction projects, particularly during road repairs. This project is significant from both environmental and economic perspectives, exemplifying a circular economy where waste

The company has announced its intention to develop this new generation capacity in the country, building on their existing 150 MW of solar power plant capacity, which was constructed prior to the war and now operates successfully under the green tariff. The company stated: “The construction of a 50 MW solar power plant in the Vinnytsia region and 164 MW of storage (batteries) is underway. This is over $60M in investment, we plan to finish by the end of the

Ukrainian poultry company Avesterra Group has launched a new processing facility in the Volyn region. Approximately €60M has been invested in the enterprise’s construction, automation, and environmental safety. The area of the new complex spans nearly 30,000 square meters and is equipped to meet the highest European standards. The plant has a capacity of 13,500 broilers per hour, with 50 production and auxiliary facilities and modern treatment plants (3,500 cubic meters per day) featuring membrane filtration. This setup enables effective

According to a report by the UN Refugee Agency, war refugees from Ukraine have contributed significantly to the Polish economy. “By allowing Ukrainian refugees to start working and open small businesses, Poland increased its GDP by 2.7% in 2024,” the agency noted. Ukrainian refugees have helped to specialize the Polish economy and make it more productive, and employment for Poles has not declined. The presence of refugees has even resulted in rising wages at the local level. Furthermore, closing the

On the night of June 10, Russia launched one of its largest attacks on Ukraine using strike drones, with the Kyiv and Odesa regions being hit hardest. President Zelenskyy said that one of the most extensive strikes on Kyiv happened at night, resulting in one death and four injuries. In total, Russia sent out 315 strike UAVs and simulator drones, as well as seven missiles, aimed at Ukraine. In Kyiv, the bombardment damaged a significant national monument, St. Sophia Cathedral,

The Ministry of Energy is leveraging Ukraine’s diplomatic ties to find private investment funds to finance drilling and attract technological partners. During an energy forum in Azerbaijan, government representatives promoted Ukraine’s potential as a shale hub. Specific geological zones for the implementation of fracking technology were announced mostly in the western regions: Lviv-Lublin (on the Ukrainian-Polish border) and the Oleska shale block, whose reserves are estimated at 0.8 to 1.5 trillion cubic meters of gas. Ukraine has already conducted experimental

These three new opportunities have emerged for Ukrainian entrepreneurs, from grants for clusters and cooperatives to initiatives that promote the employment of veterans: Grants for clusters and agricultural cooperatives from the International Organization for Migration (IOM). Business clusters and agricultural cooperatives can apply for a grant program aimed at supporting Ukraine’s economic recovery. The program focuses on clusters and cooperatives formed primarily from micro and small enterprises, particularly those involved in production, processing, expanding market access, manufacturing critical or socially

The EU, the US, the IMF and Japan have been the main donors to Ukraine’s state budget during the full-scale war. Also, a significant portion of the funds came under the ERA mechanism through the G7’s initiative, which will be repaid and serviced by future profits generated by frozen Russian assets, analysts reported, relying on data from the Ukrainian Ministry of Finance for 2022-2025. As of June 9 2025: $48.6B came to the Ukrainian budget came from the EU $30.2B

On an annual basis, inflation in Ukraine increased to 15.9% in May 2025, up from 15.1% in April and 14.6% in March, according to the State Statistics Service. For the month, consumer price growth rose to 1.3% from 0.7% in April and 1.5% in March. Over the first five months of the year, inflation stands at 5.6%. Prices for food and non-alcoholic beverages went up by 2.8%. Fruit saw the largest increase at 17.6%. Prices for meat, non-alcoholic beverages, fish,

For the first time in Ukraine, state financial support is being provided to farmers who cultivate cotton in the southern regions. According to the Ministry of Agrarian Policy, this initiative aims to restore the cultivation of this strategically important crop. This plant holds particular value in wartime, as cotton pulp is used to produce gunpowder. The subsidy amount is ₴10,000 ($240) per hectare of cotton in the Odesa, Mykolaiv, and Kherson regions. To access funds, growers must submit an application

The new elevator, which can hold up to 30,000 tons of grain, will be constructed in the Belz community, as stated by Maksym Kozytsky, head of the Lviv Regional Administrative Organization. “This marks the start of a comprehensive project consisting of extensive grain storage facilities across Ukraine, a network of dry ports, advanced logistics hubs, deep processing plants, bioclusters, new export opportunities, and the technological modernization of the agricultural sector. Our starting point is the Lviv region,” he explained. Most

Ukrainian Foreign Minister Andriy Sybiha highlighted that Russia has responded to global peace efforts and US proposals with heightened terror and escalation; therefore, strengthening sanctions should be a primary method to compel Moscow toward a truce. Numerous sectors and industries still have potential for increased sanctions pressure, which would be detrimental to the Russian economy. “One of the most painful decisions is to lower the price ceiling for oil. Our proposal is $30 per barrel,” the minister said. Another way

The Customs Committee of the Verkhovna Rada indicated that Ukraine exported 99,300 tons of bioethanol last year, with 62% sourced from private facilities, three of which contributed to 38% of the total export volume. Among the 17 operational bioethanol plants in Ukraine, which have a combined production capacity exceeding 420,000 tons annually, 12 have been privatized recently. The main drivers behind the growth of bioethanol production include: oil and gas companies replacing Russian methanol with Ukrainian bioethanol the practice of