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Although the EU countries began to reduce their dependence on Russian energy products after the start of the full-scale invasion, they continued to import them. In total, the money Russia earned from energy exports to the EU enabled the aggressor to pay for18 months of hostilities. As of October 19, 2024, the total value of the EU’s energy imports from Russia since the war began is €204B. Russia’s daily spending on war is €36.6M. The Top Lead agency demonstrated which

The Cabinet of Ministers introduced an export support regime for operations involved with exporting certain agricultural goods during martial law in Ukraine. This regime will establish minimum export prices. It concerns the export of wheat and meslin, rye, barley, oats, corn, sunflower seeds, rapeseed, soybeans, natural honey, and walnuts. Now, exports will take place in accordance with foreign economic activity legislation . Trade Representative of Ukraine Taras Kachka noted that in less than eight months of this year, more than

Ukraine-Moldova American Enterprise Fund (UMAEF) has announced the launch of a new $50M direct investment program to support small and medium-sized enterprises (SMEs) in Ukraine and Moldova. The program is aimed at SMEs with annual turnover of at least $5M. Funding for $1-3M can be allocated for businesses and directed to various needs, such as: overcoming difficulties associated with war implementation of new prospects investment in growth The SME direct investment program will involve both equity and quasi-equity. In this

As part of previous military aid packages to Ukraine, the Swedish government will provide our country with €63M in financial support, or approximately SEK 720M. €20M will go to supporting Ukraine’s defense industry, within the Danish model’s framework, which is aimed at supporting procurement through Ukrainian industry. Sweden will also allocate about €43M to several existing multilateral initiatives to provide quick and effective support to the Armed Forces. Examples of these initiatives include coalitions created within the Contact Group on

One expert believes that with the Free Trade Agreement between Turkey and Ukraine going into effect, bilateral trade volume will increase from $6.1B in 2023 to $10B quickly, and logistical movements will become much easier. Tax rebates will also be applied to some sensitive agricultural and metallurgical products for Turkey. According to ASSET GLI, the agreement will contribute to mutual investment and strengthen the role of Turkish companies in the region, particularly in transport, construction, pharmaceuticals, tourism, and textiles. The

Since the beginning of Russia’s full-scale invasion of Ukraine, about 60 million square meters of housing have been destroyed or significantly damaged, reported the head of the Parliamentary Committee on Urban Planning, Olena Shulyak. According to her, before the war in Ukraine about 10 million square meters of housing were put into operation every year. “We lost what we had built for more than five years in the three incomplete years of the great war.” Therefore, she emphasized that solving

The World Bank predicts that in 2024-2025 global oil supply will exceed demand by an average of 1.2 million barrels per day. This surplus will likely limit the price effects from an even wider conflict in the Middle East. Such a significant oversupply has only been observed twice before – during the 2020 Covid shutdowns and the 1998 oil price collapse. One of the critical drivers of overproduction is the slowdown in industrial production and increased sales of electric cars

According to President Zelenskyy, Indian Prime Minister Narendra Modi can influence the end of the war, as he is the head of a large state in terms of population, influence, and economy. The president emphasized that hindering the Russian economy, low energy prices and the continued efforts of the Russian defense and industrial complex will reduce Russia’s ability to fight, as well as shorten its war against Ukraine. The Ukrainian leader also notes that the second Peace Summit could be

US presidential candidate Donald Trump and his potential vice president, JD Vance, have repeatedly spoken about their desire to end the war in Ukraine. In September, Vance floated the idea of ​​a frozen conflict with autonomous regions on either side of a demilitarized zone and Kyiv left in diplomatic limbo, outside NATO. This plan may be a rethinking of the Minsk Agreements of 2014 and 2015, aimed at ending hostilities in eastern Ukraine. This time, an agreement would provide enforcement

The North Korean move marks a turning point in the Russian-Ukrainian war by expanding the conflict into an increasingly global war with more external players. In response, South Korea could lift its ban on the supply of lethal aid to a country in a state of war. “If part of the huge stockpile of artillery shells in Seoul began to be sent directly to Kyiv with Pyongyang’s supplies to Russia, this would lead to the fact that the two largest

Since February 2022, the Russian Federation has purchased up to $5.5B worth of North Korean weapons, analysts have discovered. Russia is trying to use cooperation with North Korea as a lever of influence on the countries of East Asia. Additional pressure is created on South Korea and Japan, which contributes to changing the regional balance of power in the Russian Federation’s favor. However, the longevity of the agreement between the countries raises serious doubts, and signficantly, such cooperation could spoil

Potential partners are interested in Ukraine’s pilot project to establish the demining market for agricultural land through Prozorro auctions. And now the task is to involve them in financing this market to provide for its expansion and replace financing from Ukraine’s state budget, said Deputy Minister of Economy Ihor Bezkaravainyy. “We have conducted the first 20 tenders and are starting to show this algorithm to partners now, and they are interested in it,” he said. According to him, the state

Christiane Hoffmann, the deputy spokeswoman for the German government, stated: “Germany continues its broad support to Ukraine, in particular, it is implementing another €1.4B aid package.” She also touched on the $50B loan that was conceived in the summer by the G7 countries. The Federal Ministry of Defense confirmed the preparation of a new package of military aid, which includes air defense equipment and artillery. As well, Canada handed over to Ukraine modern LAV 6 armored vehicles equipped with medical

The suspension of the reservation of Ukrainian workers, despite the millions of dollars invested by German companies to support Ukraine’s economy during the war, threatens the business community and the stability of strategically important industries: retail and manufacturing are currently suffering the greatest losses. The suspension of reservation processes and the chaotic delivery of summonses to employees who are already reserved from military duty are putting German companies in a critical position. Several foreign corporations are already warning of the

The National Bank of Ukraine and the IFC signed an agreement to create an infrastructure for resolving nonperforming loans (NPL) in the Ukrainian banking system. The agreement envisages the creation of a legal framework for NPL settlement companies. There are currently no such companies in Ukraine’s financial sector. These new companies are expected to play an important role in managing NPLs and attracting private investment. By effectively resolving NPLs, these companies can help reduce the total number of NPLs, strengthening

Nova Poshta from the Nova Group, a leading logistics operator in Ukraine, notes a significant demand for its bonds from a wide range of institutional investors, the group’s financial director Petro Fokov said. Nova Poshta conducts closed placement of bonds among a predetermined circle of institutional investors, but they can also be purchased by individuals on the secondary market. “We have individual bondholders, but there are not so many of them compared to banks, insurance companies, and pension funds,” Fokov

The Ministry of Finance of Ukraine expects to receive more than $15B in foreign aid in the last two months of 2024. During October 21-26, the ministry’s team led by Minister Serhii Marchenko held more than 70 meetings with international financial leaders. “All partners emphasized their readiness to strengthen cooperation with Ukraine, which is also confirmed by significant achievements in the mobilization of aid for the next year. The partners assured us that they will provide their full support,” the

The situation with debt in the renewable energy market is still critical, so the state should find ways to solve this problem and prevent it from becoming an obstacle to attracting investment in the green generation construction in Ukraine, commented the Ukrainian Wind Energy Association (UWEA). It is noted that Ukraine’s total debt to green electricity producers still exceeds ₴35.8B ($880M). The association reports that the chain of debts to RES producers begins with Ukrenergo, which owed the state enterprise

The key problem of the primary real estate market is the drop in demand: Ukrainians postpone the purchase of housing until victory if there is no extreme need for it. Also, buyers now prefer the secondary market or almost completed housing. Despite this, the price of primary housing has increased in almost every region of Ukraine over the past six months. Also, the pace of putting housing into operation increased by 50%. Lviv remains the most expensive city in the

France and Germany do not support an offered proposal to bypass Hungary’s veto, which would block the allocation of more than €6B in aid to Ukraine. The European External Action Service has proposed allowing member states to contribute voluntarily to the European Peace Fund. This would enable aid to be directed solely by a decision by individual countries without the unanimous support of all EU members. However, some states, including France and Germany, have expressed concern about setting a precedent