Economy

Monday, February 24

Britain announces its largest sanctions package against Russia; the G7 backs off of strengthening a price ceiling for Russian oil.

Britain announces its largest sanctions package against Russia; the G7 backs off of strengthening a price ceiling for Russian oil. British Foreign Secretary David Lammy said that today the UK will announce a new package of sanctions against Russia. As he specified, this is the largest package of sanctions the UK has produced sinc...

The war has not halted the Ukrainian M&A market, but it is altering its priorities.

The war has not halted the Ukrainian M&A market, but it is altering its priorities. The increase in overall activity among international investors last year in the M&A sector may provide an additional impetus for inward investment in Ukraine. Despite the war and the accompanying ...

Which industries in Ukraine are experiencing the most severe personnel shortages?

Which industries in Ukraine are experiencing the most severe personnel shortages? In 2024, the largest worker shortfall in Ukraine occurred in the education sector, where around 25,000 experts were needed, according to the State Employment Service. In second place is the manufactur...

The Zhytomyr Airport, with an annual passenger capacity of 300,000, seeks $20M in investment.

The Zhytomyr Airport, with an annual passenger capacity of 300,000, seeks $20M in investment. Local authorities are evaluating the possibility of restoring and relaunching the Zhytomyr International Airport, which was inactive from 1990 to 2014 before some minor operations were restored, accor...

Friday, February 21

Europe is exploring options to restore its military power in light of rising Russian rhetoric.

Europe is exploring options to restore its military power in light of rising Russian rhetoric. According to the EU’s top diplomat, Kaja Kallas, discussions have intensified on how to boost defense spending, with joint financing increasingly becoming part of the conversation. The bloc may ...

Trump to rewrite Ukraine minerals deal, and pressures Zelenskyy to sign it.

Trump to rewrite Ukraine minerals deal, and pressures Zelenskyy to sign it. The Trump administration may push for a “simplified deal” with Ukraine on its mineral reserves to hasten the peace process and then later negotiate more detailed terms. Last week, Presiden...

The EU’s new Russian sanctions will sever 13 additional Russian banks from SWIFT.

The EU’s new Russian sanctions will sever 13 additional Russian banks from SWIFT. Another 13 banks will be removed from the international payment system as part of the 16th package of EU sanctions. Representatives from 27 EU countries, including Hungary, agreed upon this new set of...

Europe must overcome its geopolitical stupor and accelerate the development of its defense strategy, which will include investments in Ukraine.

Europe must overcome its geopolitical stupor and accelerate the development of its defense strategy, which will include investments in Ukraine. “I spoke about the need to wake Europe from its economic and geopolitical stupor… Recent events and a different perspective from the US now compel us not only to confront the truth, but al...

Lending to small and medium-sized businesses is on the rise in Ukraine.

Lending to small and medium-sized businesses is on the rise in Ukraine. The proportion of hryvnia loans for small and medium-sized enterprises is increasing rapidly, with a 22.1% surge in volume over the past year, said Andriy Pyshny, NBU Chairman. “Throughout the y...

Where foreign capital will invest into Ukraine depends on the war.

Where foreign capital will invest into Ukraine depends on the war. The President of the Kyiv School of Economics, Tymofiy Mylovanov, outlined three possible scenarios for the development of events on the front that will determine the dynamics of future foreign invest...

Thursday, February 20

Russia seeks to entice Trump with a deal regarding its natural resources and market access.

Russia seeks to entice Trump with a deal regarding its natural resources and market access. The Kremlin has proposed an agreement on Russian natural resources to the U.S. presidential administration, according to Kirill Dmitriev, head of the Russian Direct Investment Fund and a member of the...

Wednesday, February 19

The minerals agreement proposed by the US envisions the economic colonization of Ukraine.

The minerals agreement proposed by the US envisions the economic colonization of Ukraine. In the terms proposed in a contract prepared on February 7, the US would gain significant control over Ukrainian resources, including minerals, oil, gas, ports, and other infrastructure. These terms a...

The transit of Ukrainian agricultural products through the EU have declined by nearly 80%.

The transit of Ukrainian agricultural products through the EU have declined by nearly 80%. Following Russia’s full-scale invasion and blockade of Ukrainian seaports in 2022, Ukraine began actively utilizing land routes for agricultural exports, significantly increasing transit through...

Austrian Kreisel has finished construction of a €14M building materials plant in the Lviv region.

Austrian Kreisel has finished construction of a €14M building materials plant in the Lviv region. Kreisel, a company from the Fixit Gruppe concern, completed the construction of a building materials and systems plant in the village of Pisky (Lviv region); total project investment amounts to almost...

Metinvest is doubling its investment in iron ore assets and allocating a substantial amount of funds toward developing renewable energy.

Metinvest is doubling its investment in iron ore assets and allocating a substantial amount of funds toward developing renewable energy. In 2025, Metinvest Group plans to invest ₴5.7B ($135M) in the development of the Kryvyi Rih mining and processing plants. Compared to 2024, the company will increase its investment in iron ore assets ...

Strengthening economic cooperation with the Gulf countries: Which Ukrainian industries are attractive for Middle Eastern investors?

Strengthening economic cooperation with the Gulf countries: Which Ukrainian industries are attractive for Middle Eastern investors? Ukrainian government officials recently met with representatives from leading UAE companies, including port operators, investment firms, agricultural businesses, and trading firms interested in partne...

Furniture exports from Ukraine increased by 15.5% – this positive trend will continue this year.

Furniture exports from Ukraine increased by 15.5% – this positive trend will continue this year. Ukrainian furniture manufacturers exported products worth $909M in 2024, which is 15.5% more than in 2023, the industry association reported. The woodworking and furniture industries are among the top...

Tuesday, February 18

Ukraine and the UAE have signed a comprehensive economic partnership agreement: How will this impact interstate trade?

Ukraine and the UAE have signed a comprehensive economic partnership agreement: How will this impact interstate trade? During a working visit to the UAE, President Volodymyr Zelenskyy announced the signing a bilateral trade agreement that will simplify trade between the two countries. According to the Ministry of Econ...

Ukraine presents projects valued at $500M to investors in Saudi Arabia.

Ukraine presents projects valued at $500M to investors in Saudi Arabia. A Ukrainian delegation in Saudi Arabia engaged in discussions to deepen economic cooperation with nearly 100 local entrepreneurs. They presented these businesses with promising investment opportunitie...

In Ukraine, household loans have become more expensive, even though banks attract funds at lower rates.

In Ukraine, household loans have become more expensive, even though banks attract funds at lower rates. In January 2025, Ukrainian banks raised their rates on household loans, according to operational data from the National Bank. Consequently, average interest rates on new bank loans to consumers in the...

Ukrainian BGV will collaborate with American partners in critical raw materials.

Ukrainian BGV will collaborate with American partners in critical raw materials. Ukrainian company BGV Group Management has signed cooperation agreements with three international partners in the US to extract critical raw materials. Since 2015, the BGV Group has invested approxima...

France and the EU continue to help Russia finance its war against Ukraine through gas and fertilizer purchases.

France and the EU continue to help Russia finance its war against Ukraine through gas and fertilizer purchases. According to an analysis by Friends of the Earth, while total Russian gas imports to the EU have decreased since 2021, imports of LNG and nitrogen fertilizers are on the rise. From 2021 to 2022, Russi...

Monday, February 17

Vance on sanctions and military actions: US vice president explains how to compel Russia to negotiate in good faith.

Vance on sanctions and military actions: US vice president explains how to compel Russia to negotiate in good faith. JD Vance told the WSJ that the US is prepared to impose new sanctions against Russia and does not rule out the possibility of deploying its military in Ukraine if the Kremlin fails to engage in negoti...

Ukraine’s mineral agreement with the US is not yet ready to be signed.

Ukraine’s mineral agreement with the US is not yet ready to be signed. President Zelenskyy said that the proposed agreement concerning the use of Ukrainian natural resources has still not been finalized. The document does not adequately protect the country’s intere...

The Trump administration has laid out ambitious plans for Ukraine’s post-war economy.

The Trump administration has laid out ambitious plans for Ukraine’s post-war economy. The US aims to participate in Ukraine’s reconstruction beyond developing its valuable resource deposits, stated US Treasury Secretary Scott Bessent. “It will be mutually beneficial. When A...

The state is investing billions in domestic production through Made in Ukraine.

The state is investing billions in domestic production through Made in Ukraine. The Cabinet of Ministers is financing state programs through the Made in Ukraine economic initiative, which contributed to a 0.64% GDP growth last year. In January the government transferred ₴1.5B to ...

Friday, February 14

Strengthening EU security and supporting Ukraine without US assistance will require $3T.

Strengthening EU security and supporting Ukraine without US assistance will require $3T. According to Bloomberg, protecting Ukraine and expanding their own armed forces could cost Europe’s largest states an additional $3.1T over the next 10 years. Rebuilding the Ukrainian Armed Forces cou...

Why have Ukrainian gas reserves fallen to a record low?

Why have Ukrainian gas reserves fallen to a record low? According to an analysis by DiXi Group, Ukraine has not yet fully transitioned to self-sufficient gas supply through domestic production. “Due to the full-scale war, demand for blue fuel decreas...

What could Ukraine gain from a mineral deal with the US?

What could Ukraine gain from a mineral deal with the US? Mykhailo Zhernov, the top manager at American mining company Critical Metals Corp, noted that launching mining and processing projects in Ukraine will require hundreds of millions of dollars in invest...

The EIB invests €2B in Ukraine’s recovery through the Ukraine Facility program.

The EIB invests €2B in Ukraine’s recovery through the Ukraine Facility program. The European Investment Bank (EIB) will allocate €2B to finance recovery projects in Ukraine using the EU’s financial instrument, the Ukraine Facility. This was discussed during a meeting among repres...

Ukraine is boosting its exports despite the ongoing war and changes in trade leadership.

Ukraine is boosting its exports despite the ongoing war and changes in trade leadership. Roman Kornylyuk, a financial analyst at YouControl, stated that by the end of 2024 the volume of Ukrainian exports reached $41.7B, which is a 15% increase compared to 2023. While this rise is notable,...

Last year, Ukraine’s insurance market shrank by 36%: the NBU sums up the sector’s annual results.

Last year, Ukraine’s insurance market shrank by 36%: the NBU sums up the sector’s annual results. According to the National Bank, Ukrainian insurance companies specializing in non-life insurance increased collected premiums by 12% in 2024 and in the life insurance segment by 14%. Growth is occurri...

US steel tariffs will hit Metinvest and Interpipe, with one losing $58M.

US steel tariffs will hit Metinvest and Interpipe, with one losing $58M. The decision by the Trump administration to restore the 25% tariff on imports of Ukrainian steel products will have negative consequences for the largest players in domestic metallurgy. If the import ...

Thursday, February 13

Winning the Economic and Financial War in Ukraine.

Winning the Economic and Financial War in Ukraine. In advance of expected talks upon Trump’s presidency in early 2025, “land for peace” has become the catchphrase uttered by those who want a quick end to the war. Central among the innumerable c...

US Treasury Secretary arrives in Ukraine to negotiate a rare minerals deal.

US Treasury Secretary arrives in Ukraine to negotiate a rare minerals deal. US Treasury Secretary Scott Bessent said on Wednesday that the minerals deal between Kyiv and Washington would provide Ukraine with a post-war “security shield,” and President Zelenskyy sa...

Ukrainians have shifted their investment preferences from housing to land.

Ukrainians have shifted their investment preferences from housing to land. In 2024, notaries certified 452,217 real estate purchase and sale agreements, 12% more than the previous year but 28% less than before the full-scale Russian invasion. Analysts noted that 60% of all a...

Ukraine’s population is steadily shrinking, as authorities and analysts share shocking figures.

Ukraine’s population is steadily shrinking, as authorities and analysts share shocking figures. In 2024, Ukraine’s population was 32 million, a catastrophic decline compared to 42 million in 2015 and 60 million in 1991, Deputy Prime Minister Oleksiy Chernyshov stated. The minister added th...

Wednesday, February 12

Trump says that Ukraine has agreed to give US access to $500B of rare earth metals in exchange for weapons.

Trump says that Ukraine has agreed to give US access to $500B of rare earth metals in exchange for weapons. US President Donald Trump claims that Ukraine has agreed to provide access to $500B worth of rare earth metals as payment for military aid and ongoing support. “They have extremely valuable land...

The US will push Europe to buy more American weapons for Ukraine while working to revive Lend-Lease.

The US will push Europe to buy more American weapons for Ukraine while working to revive Lend-Lease. The Trump administration will encourage its European allies to buy more US-made weapons for Ukraine ahead of possible peace talks with Russia to improve Kyiv’s negotiating position. US officials...

Ukraine can fund its defense in the war if adequate Russian sanctions are in place.

Ukraine can fund its defense in the war if adequate Russian sanctions are in place. As former US Deputy Secretary of State James Glassman noted, the US and the EU “did not pressure” Russia on the issue of sanctions because they overlooked the fact that Ukraine can replace...

Whose funds were used to rebuild Ukraine’s critical infrastructure in 2024?

Whose funds were used to rebuild Ukraine’s critical infrastructure in 2024? The restoration of critical Ukrainian infrastructure cannot keep pace with the rate of destruction. However, the proportion of fully restored facilities that had been damaged or destroyed has increase...

UkraineInvest will provide support for a large-scale investment in the Kyiv region’s first glass factory.

UkraineInvest will provide support for a large-scale investment in the Kyiv region’s first glass factory. The State Investment Promotion Office, UkraineInvest, is backing a project with significant investment to build NovaSklo, which would be Ukraine’s largest float glass manufacturing plant. Accord...

Ukraine will create a single logistics space for trade with the EU and the world.

Ukraine will create a single logistics space for trade with the EU and the world. Prime Minister Denys Shmyhal discussed creating a single logistics space that will allow people, goods, and services to move across the border quickly and without obstacles. Here are the key developme...

Tuesday, February 11

Almost half of Ukraine’s mineral deposits are occupied or already owned.

Almost half of Ukraine’s mineral deposits are occupied or already owned. As of January 2025, Ukraine’s mineral and other resource deposits that are under occupation have a combined value that reaches 48% of all Ukrainian resources. According to expert estimates made ...

A Ukrainian oil trader is actively investing to diversify its business, concentrating on the agricultural sector and electric vehicle infrastructure.

A Ukrainian oil trader is actively investing to diversify its business, concentrating on the agricultural sector and electric vehicle infrastructure. The Antimonopoly Committee of Ukraine (AMCU) has approved the Cypriot company Vi.An Holding Limited’s acquisition of the Borshchiv Agrarian Company based in the Lviv region. The beneficial owner...

Metinvest plans to invest a record amount to modernize the Kametstal plant.

Metinvest plans to invest a record amount to modernize the Kametstal plant. In 2025, mining and metallurgical group Metinvest will invest over ₴2.5B ($60M) in upgrading the Kametstal plant, established at the facilities of the Dnipro Metallurgical Combine in the Dnipropetrovs...

Shares of Ukrainian companies are rising significantly as investors anticipate an end to the war.

Shares of Ukrainian companies are rising significantly as investors anticipate an end to the war. The index of Ukrainian shares on the Warsaw Stock Exchange, WIG Ukraine, reached pre-war levels at the end of last week, jumping by nearly 25% in just a few days. This surge reflects the Warsaw financ...

The change in the terms of trade between the EU and Ukraine may force farmers to look for new markets.

The change in the terms of trade between the EU and Ukraine may force farmers to look for new markets. If the mechanisms for exporting agricultural products to the EU after the end of the autonomous trade measures (ATM) change, then supplies of Ukrainian wheat to this market may decrease, the grain ass...

The EU is preparing to seize shadow tankers on a primary Russian oil export route.

The EU is preparing to seize shadow tankers on a primary Russian oil export route. European nations are engaged in closed discussions centered on confiscating clandestine Russian oil tankers in the Baltic Sea, a key pathway for transporting Russian oil via aging vessels. Approximate...

Renting warehouse storage will become more expensive in 2025.

Renting warehouse storage will become more expensive in 2025. With limited construction and high demand for warehouse space, Ukraine has experienced a rise in rental rates for the second consecutive year. Last year, rates for the most sought-after Class A facili...

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