The G7 countries’ support for Ukraine will include weapons, money, and reconstruction assistance. The G7 countries call on Russia to withdraw all its troops from Ukraine immediately and say they do not recognize any new borders other than those that are internationally defined and will provide Ukr...
The G7 countries will allocate up to €30B to Ukraine. At a meeting of the G7 finance ministers, they expressed a willingness to initiate budget support for Ukraine worth almost €30B, reported Spiegel.de. According to the participants in the talks, Ukrain...
The US will approve $40B in aid to Ukraine this Wednesday. US Senate Republican Leader Mitch McConnell said he expected the Senate to vote on Wednesday to approve about $40B in proposed aid to help Ukraine repel Russia’s invasion after holding a relate...
The President of the EIB has supported a multi-trillion plan to rebuild Ukraine. A top European official has backed a multi-trillion-euro ‘Marshall’ style plan to rebuild Ukraine, pledging the firepower of the EU’s lending arm for what he said must be a global rescue effort. Werne... #EIB #MarshallPlanUkraine #RebuildingUkraine #WernerHoyer
Ukraine nationalizes “daughters” of Sberbank and Prominvestbank. The National Security and Defense Council has decided to nationalize the corporate rights of the Ukrainian “daughters” of the Russian Sberbank and Prominvestbank, given ten days after the ... #Prominvestbank #RussianAssets #Sberbank #SberbankNationalization
The share of non-performing loans in banks amounts to 27.1%. In April, the share of non-performing loans in the banking sector of Ukraine increased to 27.1% compared to 26.6% in March, reported the National Bank of Ukraine. In March, the volume of non-performi... #nbu #NPL #NPLukraine
The Guarantee Fund has resumed the sale of liquidated bank assets. The Deposit Guarantee Fund has resumed the sale of assets of liquidated banks. Soon, information about the first lots will be entered into the Prozorro Sales platform. “Real estate properties t... #GuaranteeFund #ProZorro #ProzorroAuction
The European Commission will issue debt securities to support Ukraine. The European Commission plans to issue new EU debt to cover Ukraine’s short-term financing needs over the next three months. The plan is to raise €15B, reported POLITICO. According to the Ukrainian ... #AidforUkraine #DebtSecuritiesforUkraine #EUaid #EUcomission
The EBRD has downgraded Ukraine’s economic downturn in 2022 and improved its outlook for 2023. The European Bank for Reconstruction and Development (EBRD) has downgraded the forecast for Ukraine’s economic decline due to the war to 30%, while at the end of March, the forecast was minus 20... #ebrd #UkraineEconomy #UkraineEconomyForcast
Small and medium-sized businesses in Ukraine have lost $85B. Small and medium-sized enterprises (SMEs) have suffered direct losses of $64-85B in the 75 days since the war began, stated the Advanter Group. SMEs have a total funding need of $54B, with 87% of com... #doingbusinessinukraine #SmallBusinessUkraine #SME #UkraineBusiness
Russian assets in Ukraine will be transferred to the state. At today’s meeting, the Cabinet of Ministers approved a document according to which Russian assets in Ukraine will be transferred to the state, stated Prime Minister Denys Shmyhal. According to ... #RussianAssets #RussianSanctions
The macroeconomic situation and the banking system in Ukraine are stable. Despite the full-scale war of the Russian Federation against Ukraine and the loss of about 30% of the economy due to the shutdown and destruction of many enterprises, the macroeconomic situation and ... #DenysShmyhal #UkraineBanking #UkraineEconomyatWar
Ukraine will receive $10B of support, of which $4.5B has already been received. “We have already negotiated funds to support Ukraine through various instruments: loans, grants, aid, projects $ 10 B, and we already received more than $ 4.5 B,” said Prime Minister Denys Shmyhal fo... #AidforUkraine #DenysShmyhal #FinancialSupport #SerhiyMarchenko
Former Ukrainian finance minister Jaresko says the cost to rebuild Ukraine “could be up to $1 trillion” (by Mike Buryk) NORTH CALDWELL, N.J. – The former minister of finance of Ukraine, Natalie Jaresko, said she believes the cost to rebuild Ukraine after the war ends “could be up to $1 trillion,” adding that “this is g... #NatalieJaresko #RebuildingUkraine #UkraineAfterWar
New strategic directions for public sector banks during martial law. The Cabinet of Ministers approved the strategic directions of activity for public sector banks during martial law and post-war economic recovery, announced the Ministry of Finance. In particular, the... #BankiingDuringWar #BankingUkraine #nbu #НаціональногобанкуУкраїни
Britain revokes Moscow Stock Exchange’s recognized status. UK has revoked the Moscow Stock Exchange’s (MOEX) status as a recognized stock exchange in response to restrictions that the Bank of Russia had placed on foreign investors following the impleme... #MOEX #MOEXrevockedStatus #MoscowExchange #MoscowStockExchange #UK
Germany allocates €125M to support Ukraine. Germany will further increase its assistance to Ukraine, which is experiencing a humanitarian catastrophe due to Russian aggression, stated German Chancellor Olaf Scholz. He stressed his determinatio... #AidforUkraine #GermanyAid #OlafScholz #WarinUkraine
Ukraine has launched a global fundraising platform, United24. President Volodymyr Zelenskyy announced the launch of the worldwide initiative United24, the first component of which is an online fundraising platform. It is expected that this platform will become t... #UkraineFundrasing #United24 #Zelenskyy
Ukraine’s international reserves fell by another $1.5B. However, thanks to international assistance, the NBU will be able to maintain reserves at the proper level. “As of the beginning of May, the reserves, according to operational data, amounted to ... #BankingUkraine #KyryloShevchenko #nbu #UkraineReserves
Entrepreneurs have received 738 loans under the Affordable 5-7-9% Loan program. Last week, 738 soft loans totaling UAH 3.09B ($94M) were issued within the framework of the state program Affordable 5-7-9% Loans. Since the start of the program, 38,462 loans have been issued from a... #789loans #AffordableLoans #UkraineLoans
The Payoneer payment platform has been integrated into Privat24. As a result, users will be able to link their accounts and withdraw funds to bank cards. The state-owned PrivatBank and the Payoneer payment system have launched integration into the Privat24 mobile ... #Payoneer #Privat24 #PrivatBank
Inflation in Ukraine may exceed 20%. In April, inflation in Ukraine was 15.9%, and by the end of the year, it may exceed 20%, wrote the head of the National Bank, Kyrylo Shevchenko, for NV.ua. “This is a significant level of price... #Inflation #KyryloShevchenko #nbu #UkraineEconomy #UkraineInflation
Ukraine has received an €88.5M grant from the World Bank fund and expects €495M more. Ukraine received grant funding of €88.5M from the World Bank’s Donor Trust Fund under Ukraine’s Second Development Policy Recovery Loan, as reported by the Ukraine Ministry of Finance. &#... #AidforUkraine #GrantsforUkraine #worldbank #WorldBankGroup
The National Bank of Ukraine has increased the buyout of military bonds in April. Since April, the National Bank of Ukraine (NBU) has repurchased UAH 50B worth of military bonds. Thus, as of April 28, the portfolio of military bonds owned by the NBU will amount to UAH 70B ($2.2B).... #Bonds #militarybonds #nbu #warbonds
Oschadbank is issuing UAH 200M in loans to farmers every day. Over the past week, Oschadbank has been lending more than UAH 200M to one hundred agricultural enterprises every day. “Today, the portfolio of farming loans has exceeded UAH 2.4B ($80M). Every fifth b... #farmingukraine #LoansforFarmers #oschadbank
Ukraine’s international reserves amount to $27B. Ukraine’s international reserves as of April 22 amounted to about $27B, and now are at the same level as at the beginning of the war, said the Chairman of the National Bank of Ukraine, Kyrylo S... #internationalReserves #nbu #UkraineReserves
Alfa-Bank Ukraine to transfer their voting rights to Simeon Djankov. Alfa-Bank Ukraine to transfer their voting rights to Simeon Djankov. #AlfaBank #nbu #SimeonDjankov #АльфаБанкуУкраїна
The Ministry of Finance will hold auctions to sell military bonds. The Ministry of Finance of Ukraine will hold auctions to place Ukrainian military bonds denominated in hryvnia, dollars, and euros. It is noted that the ministry has had auctions for the sale of milit... #Bonds #militarybonds
State-owned Oschadbank ended the first quarter with a profit. The State Savings Bank ended the first quarter of 2022 with a profit: a positive financial result of UAH 243.6M ($8.1M). Compared to the same period last year, when profit figures amounted to UAH 252... #oschadbank #OschadbankProfits
Ukraine seeks $50B to cover the budget deficit. Ukraine has asked the G7 nations for $50B in financial support and is also considering issuing 0% coupon bonds to help it cover a war-linked budget deficit over the next six months, the president̵... #BudgetDeficit #ukraine #UkraineBudget #War
The National Bank of Ukraine has again kept the discount rate at 10%. At a scheduled meeting of the Monetary Policy Committee, the National Bank of Ukraine again decided to keep the discount rate at 10%, given the ongoing war with Russia. “It has been decided to p... #KeyRate #nbu
The money from the IMF will be spent on budget needs. The National Bank of Ukraine thanked the countries through whose initiatives the International Monetary Fund has created a special account to support Ukraine. The funds will go to the needs of the bud... #imf #imfukraine #nbu #UkraineFund
Russia’s war against Ukraine could last months or even years. Russia’s war against Ukraine could last for months or even years, so NATO countries must consider long-term plans to continue helping Ukraine strengthen its security, stated NATO Secretary-Gener... #JensStoltenberg #RussianAgression #Ukrainewar #War
The Stripe payment system in the Ukrainian market may accelerate. Etsy Marketplace is ready to consider the possibility of opening a platform for Ukrainians. The NBU and Visa have joined the dialogue with the Stripe team reported the Ministry of Digital Transformati... #Stripe #StripePayment #StripeUkraine
The share of NPL in the banking sector fell to 26.6%. In the banking sector of Ukraine, the share of non-performing loans (NPL) decreased by 2.9 percent in February to 26.6% , down from 29.5%, as reported by the National Bank of Ukraine. It is noted that... #NonPerformingLoans #NPL #UkraineNPL
The Solidarity Trust Fund of Ukraine will make massive investments. The President of the European Council, Charles Michel, emphasizes that the European Union will continue to support Ukraine. “We will continue to support Ukraine in humanitarian and material ter... #SolidarityFund #TrustFund #UkraineFund
JP Morgan has called on the US to develop a Marshall Energy Plan for Europe. In an annual letter to investors, JP Morgan CEO Jamie Damon called on the Biden administration to take a stronger stance against the “new serious geopolitical realities” that emerged afte... #JamieDamon #JPmorgan #MarshalEnergyPlan #MarshalPlan
Ukraine’s GDP decline in the first quarter of 2022 is 16%, and the annual decline may reach 40%. Industries in which remote work is impossible have suffered the most. These are air and sea transportation services, where the business works directly with consumers. Although many companies have sus... #GDP #GDPdecline #UkraineGDP
Ukraine has already received more than $3B in aid and expects another $10B. Prime Minister Denis Shmyhal says that Ukraine has already received more than $3B in international financial support, and another $10B is being negotiated. The Prime Minister also noted that authorit... #financialaidforUkraine #FinancialHelpDuringWar #Ukrainewar
Ukraine’s Eurobonds rose by 14.5% after the Istanbul talks. Ukraine’s Eurobonds rose by an average of 14.4% on Tuesday following the news of the negotiations between Kyiv and Moscow in Istanbul. Securities maturing in 2022-2024 rose in price by 10.6-12.... #eurobonds #ukraine
Legal and tax guidelines will be simplified for IT companies in Diia.City during martial law. The Ministry of Finance stated the conditions of the legal and tax requirements of Diia.City will become even easier for IT companies. What has changed: The criteria for residency have been simplifie... #ITukraine #TaxesforIT #TaxforITCompanies
The Ministry of Finance expands lending under the program “5-7-9%”. The Ministry of Finance is ready to expand preferential lending to entrepreneurs under the terms of the updated State Program “Affordable Loans 5-7-9%”, said Serhiy Marchenko. “The ... #579loans #LendingProgram #LoansforBusiness #UkraineLoans
A new auction for military bonds is scheduled for March 29. The Ministry of Finance has announced another auction to sell military bonds on March 29. The funds raised will be used to ensure the Ukrainian state budget’s priority expenditures under martial law. ... #militarybonds #Ukrainemilitarybonds
Ukraine’s budget receives more than $2B and €1B in international aid. These include $1.4B in assistance from the IMF macro-financial assistance, €600M from the European Union, €312M from the World Bank, and €400M from the European Investment Bank. Minister of Finance Se... #financialaidforUkraine #UkraineRecievedHelp #WarinUkraine #worldbank
The NBU reaches an agreement with the National Bank of Poland on $1B currency swap. The National Bank of Ukraine and the National Bank of Poland signed an agreement on a currency swap of the hryvnia / US dollar in the amount of up to $1B. “It is difficult to overestimate the a... #NationalBankofPoland #nbu #PolandBank #UkraineandPoland
S&P Global to withdraw all outstanding ratings on Russian entities. The decision comes weeks after parent company S&P Global said it was suspending commercial operations in Russia, joining a global exodus of companies out of the country due to tightening economic... #SP500onRussia #СанкціїРосіі
Oschadbank has started lending to farmers for the sowing season. According to the bank, Ukrainian farmers will receive up to 80% of loans secured by state guarantees and loans at 0% for the period of martial law and during the first month after its termination. Th... #LoansforFarmers #oschadbank #sowingseason2022 #UKraineFarming
More than 2,000 Ukrainians have acquired military bonds. As of March 21, more than 2,000 citizens and representatives of Ukrainian business became owners of military IGLBs worth almost UAH 4B and $742,000, reported the National Bank of Ukraine. Since the b... #militarybonds #ukrainebonds #Ukrainemilitarybonds #warbonds
The world’s largest cryptocurrency exchange has disconnected sanctioned Russian banks from P2P. The State Financial Monitoring Service of Ukraine addressed Binance with a corresponding request. In the appeal, the service noted that the number of cryptocurrency operators storing cryptocurrency a... #CryptoandRussia #CryptoBanforRussia #RussianAgression
The IMF might establish a Fund for Support of Ukraine. The Deputy Head of the National Bank of Ukraine, Serhiy Mykolaychuk, said that a special fund to support Ukraine might be created through the International Monetary Fund, reported Forbes. “The fund wi... #FundtorestoreUkraine #IMFandUkraine #IMFspecialFundForUkraine
