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 #UkrainianITcompany
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
Ukraine’s economy could shrink by up to 35% in 2022. According to the IMF, Ukraine’s war-ravaged economy could shrink by up to 35% this year if Russia’s invasion becomes a protracted conflict, the International Monetary Fund has warned. In an initial a... #UkraineEconomyafterWar #UkraineGDP #UkraineGDPafterWar
The president signed a law on tax incentives for businesses during the war. President Volodymyr Zelenskyy signed a law defining the peculiarities of the administration of taxes and fees during the martial law regime. According to the law, from April 1, 2022, until the termin... #RussianAgression #TaxLawDuringwar #WarinUkraine #ZelenskyTaxLaw
Inflation is likely to hit 20% this spring. The Consumer Price Index (CPI) grew 1.6% MoM in February, accelerating annual CPI growth to 10.7% YoY. Last month, most of the price hikes were concentrated in fuel and staple foods, the items which h... #InflationDuringWar #InflationinUkraine
The financial sector functions despite the war. Since the start of the war, the official exchange rate has been frozen at USD/UAH 29.25 and EUR/UAH 33.17. Exports have mostly halted, while imports were reduced to a government-specified list of cri... #EconomyduringWar #nbu #NBUduringWar
One of the largest American banks, Citigroup, is closing all its branches in Russia. The American bank Citigroup will close its operations in several areas and will not attract new customers, announced Citigroup.” We are moving with urgency to complete our assessment of our ope... #CityBank #CityBankLeavesRussia #CityBankRussia
Cryptocurrency transactions in Japan to comply with sanctions against Russia. The Japanese government has ordered cryptocurrency exchanges not to process transactions related to cryptocurrencies that are subject to sanctions on the freezing of assets of Russia and Belarus due t... #JapanCrypto #JapanlawforCrypto #WarinUkraine #СанкціїРосіі
Ukraine ends its cooperation with IMF under the Standby program. The Ukrainian authorities have ceased collaboration with the International Monetary Fund within the framework of the Standby program, the second revision of which began a day before the war, reported ... #imf #IMFinUkraine #UkrainestoppedIMFprogram
The US will revoke trade privileges from Russia and block loans to it from the IMF. A statement from the White House said the measures called for denial of Russian loans to international financial institutions such as the International Monetary Fund, increased sanctions against Russi... #IMFsanctionsforRussia #ussanctions #WarinUkraine #СанкціїРосіі
Ukraine has received $2.2B in aid from international partners. Last week Ukraine received the equivalent of $2.17B in financial assistance from international partners, announced the Ukraine Ministry of Finance. In particular, the state budget’s general fund... #AidforUkraine #financialaidforUkraine #ukrainetoday #WarinUkraine
Russia lost $30B of its GDP in two weeks of the war against Ukraine. Two weeks after Russia’s invasion of Ukraine, the aggressor has suffered almost the worst economic decline since the crisis of the 1990s, which has already reduced Russia’s GDP by $30B, o... #RussianEconomicLosses #RussianInvasion #RussianLosses
EBRD unveils the €2B resilience package in response to the war on Ukraine. The European Bank for Reconstruction and Development (EBRD) has announced an initial €2B resilience package of measures to help citizens, companies, and countries affected by the war on Ukraine. Fund... #ebrd #EBRDaidforUkraine #Ukrainewar
Ukrainian banks retain stability and liquidity. Despite the deployment of military operations on Ukrainian territory, banks have maintained stability and liquidity, said the chairman of the National Bank, Bohdan Danilishin. Thus, as of February 1,... #bankingduringwar #BankingStability #BankingUkraine
S&P downgrades the credit ratings of Gazprom, Rosneft, and Russian Railways. The international rating agency S&P downgraded the credit ratings of more than 50 of Russia’s largest companies in the field of fuel and energy, construction, and communications in local an... #Gazprom #Rosneft #RussianRailways #SP500
Ukraine raised UAH 6.7B from the second sale of military bonds. At the second auction for the sale of military bonds, UAH 6.7B ($200M) was obtained for the budget, reported the Ministry of Finance. It is noted that the Ministry of Finance satisfied 31 application... #militarybonds #Ukrainemilitarybonds
The EIB has approved immediate financial support for Ukraine. The Board of the European Investment Bank has approved direct financial support to Ukraine in the amount of €668M. The financial support is part of the EIB Ukraine Solidarity Urgent Response program. ... #EIB #financialaidforUkraine #SupportUkraine
Ukraine may soon receive more than $4.4B from the IMF and the World Bank. The World Bank is preparing a $3B aid package for Ukraine in the coming months, and next week the IMF will decide on emergency financing of up to $1.4B. This information comes from a joint statement ... #imf #IMFsupportsUkraine #UkraineRussianWar #WarinUkraine #worldbank
The World Bank has suspended all programs in Russia and Belarus. The World Bank said it had stopped all programs in Russia and Belarus with immediate effect, following the Russian invasion of Ukraine and “hostilities against the people of Ukraine.” In a... #SanctionsAgainstRussia #Ukrainewar #worldbank
S&P Dow Jones Indices will remove Russian stocks from its standard equity indexes. The index provider behind the S&P 500 said that stocks listed or domiciled in Russia would be cut from emerging markets and other indexes before the market opens on Wednesday. MSCI Inc. said Wedn... #DowJones #RussianStocksCrisis #SPremovesRussianStocks #Ukrainewar
The Ministry of Finance plans to conduct the second issue of military bonds. The Prime Minister of Ukraine, Denis Shmyhal, stated that the second round of the army IGLB issue is underway. “Anyone ready to lend to Ukraine, our military, our doctors, and critical infrastructure... #militarybonds #Ukrainemilitarybonds #warbonds
The IMF gives assurance that they will support Ukraine in all possible ways. “The International Monetary Fund has assured Ukraine of its support and continues to work closely with the government to help our country in all possible ways,” said the Ukraine Ministry of Finance. ... #IMFaid #ukraine #Ukrainewar #War
Since the beginning of February, the state budget has received UAH 97.4B. Despite the difficult military conditions, the Ministry of Finance continues to perform its function and fully supports the Armed Forces of Ukraine, reported the press service of the ministry. Accord... #StateBudgetUkraine #War #WarinUkraine
Britain places sanctions against five Russian banks and three businesspeople. On Tuesday, British Prime Minister Boris Johnson announced the imposition of sanctions against Russia after its recognition of the Donetsk and Luhansk People’s Republics. The sanctions will affe... #BorisJohnson #SanctionsAgainstRussia #UKsanctions
The Ministry of Finance raised UAH 3.48B for the state budget at IGLB auctions. Investors were offered government bonds in hryvnia with a maturity of 3 months, 1 year, 1.5 years, 2 years, and 4 years, and bonds in euros were offered with a maturity of 3 months. The biggest demand... #BondMarketUkraine #Bonds #ukrainebonds
The US plans to sever ties with key Russian banks in the event of an invasion of Ukraine. President Joe Biden’s administration has prepared an initial package of sanctions against Russia that includes barring US financial institutions from processing transactions for Russian central banks... #RussianBanks #RussianBanksSanctions
The National Bank of Ukraine sold $503M on the interbank foreign exchange market. The NBU sold $503M and purchased $50M on the interbank foreign exchange market last week, according to the NBU. Following foreign exchange interventions, during the week of February 14-18, 2022, the N... #Interbank #nbu
Ukraine’s dollar-denominated Eurobond prices fell again amid the military escalation in the Donbas. Military escalation and prospects for Russia’s independence recognition within the Luhansk and Donetsk regions drove bond prices lower. According to Bloomb... #eurobonds #UkraineBondMarket #ukrainebonds
Ukrposhta launches fund transfers by phone number. To make a transfer, customers no longer need the recipient’s card details, they simply enter the phone number linked to the recipient’s card account. Customers may only use a Visa payment... #MoneyTransfer #Ukrposhta #UkrposhtaBanking
The third tranche from the IMF will come to Ukraine soon. According to finance minister Serhiy Marchenko, the IMF could allocate a $700M tranche to Ukraine based on the revision of the stand-by program that expires in June, 2022. Currently, Ukraine has ful... #imf #IMFinUkraine #IMFmoneyforUkraine
The Ministry of Finance manages to buy out 20% of Ukraine’s GDP warrants in February and reduce payments on Eurobonds in September by $100M. “Due to this, Eurobond redemption payments will be $100M less and will amount to $912M in September,” said Finance Minister Serhiy M... #GDPwarrants #nbu #UKraineGDPwarrants
The World Bank is ready to provide $350M to Ukraine and promises additional support. On Saturday, the World Bank Group said that it was prepared to allocate $350M to Ukraine. The group’s board will consider the issue by the end of March as part of a plan to provide funding to th... #worldbank #WorldBankandUkraine #WorldBanksupportforUkraine
The new law should launch a legal market for virtual assets in Ukraine. Foreign and Ukrainian crypto companies can operate legally, and Ukrainians will have convenient and secure access to the global market for virtual assets. Market participants will receive legal protec... #UkraineCrypto #UkraineVirtualAssets #VirtualAssets #VirtualAssetsLaw
Ukrainian banks have calmly met the outflow of deposits, reported Forbes.ua. Due to the deterioration of the information environment in January, there was a moderate outflow of deposits, up to 5% of the total, out of which one-third can be explained by seas... #AlfaBank #oschadbank #outflowdeposits #PrivatBank #ReiffeisenBankUkraine
The Ministry of Finance sold only UAH 66M in bonds. The Ministry of Finance was able to raise only UAH 66M ($2.36M) at the domestic government bond auction. Investors were offered only two issues of hryvnia IGLBs with a maturity of six months and a yea... #Bondmarket #BondsUkraine #ukrainebonds
