blacksea

Friday, March 28

Russia aims to gain control over the Black Sea food corridor, which explains its agreement to a ceasefire. “A ceasefire in the Black Sea is primarily important for the Russians because they have not effectively controlled the Black Sea food corridor for quite some time. Their Black Sea fleet is eithe...

Thursday, March 27

Russia has set forth conditions for the Black Sea truce to take effect; the US is willing to lift some sanctions, while the EU is opposed. The Kremlin released a final statement following talks with US representatives in Saudi Arabia, outlining its conditions for a maritime truce with Ukraine. According to Russia’s statement, the a...

Wednesday, March 26

The US has reached an agreement with Ukraine and Russia on a “maritime truce” and is developing a plan to prohibit attacks on energy facilities. During talks in Riyadh, the US delegation collaborated with representatives from Ukraine and Russia to prevent assaults on commercial vessels in the Black Sea. “The US and Ukraine have committed...

Tuesday, August 13

The grain corridor’s operation has allowed Ukraine to start a new grain export season with an increase of 59%. Since July 2024, when the new marketing season began, Ukraine exported 4.96 million tons of grain, which is 58.9% more than in the same period last year (3.12 million tons). This includes 1.26 million...

Monday, August 5

Economic recovery: Ukraine will receive a €200M grant from France and €50M from the EU to develop port infrastructure. The Cabinet of Ministers has submitted to the Ukrainian Parliament an agreement between Ukraine and France that will provide €200M in grant funds for the restoration of Ukraine’s infrastructure ...

Tuesday, May 21

Exports through the Ukrainian Sea corridor have become easier with the participation of more insurance companies. The export of Ukrainian grain through the Black Sea has been simplified by the increasing number of insurance companies operating in this market, said Oleg Kiper, the head of the Odesa Regional State ...

Monday, May 20

One of Ukraine’s regions will be rebuilt according to the concept of a blue economy. Projects in Mykolaiv are being developed to make the city a center of the blue economy during the post-war reconstruction, said Mayor Oleksandr Sienkevych at the Blue Summit. As he explained, the blue...

Tuesday, October 24

Ukraine can export its products by sea without any guarantees from Russia. Negotiations on Moscow’s return to the grain agreement, from which it withdrew, no longer make sense since the humanitarian sea corridor is working successfully without the Russian Federation, t...

Monday, October 16

The Netherlands will help Ukraine guarantee the security of the Black Sea export corridor and to survive the winter. In particular, the Netherlands will help Ukraine to acquire patrol ships to ensure the security of the grain corridor. In addition, Volodymyr Zelenskyy announced a new decision by the Netherlands to s...

Thursday, September 7

Turkey needs a grain agreement for its interests, but the corridor can work without Russia. According to the Ambassador of Ukraine to Turkey, “Turkey primarily defends its interests, as it is also interested in grain, greater stability in the Black Sea region, and the realization of its econ...

Wednesday, August 16

A Ukrainian metallurgical giant believes that Ukraine has received powerful levers for completely liberating sea exports. After Ukraine’s successful attacks on Russian ships, the entire international community’s attention is focused on this topic. “Unblocking the ports for all cargo will be a mighty geo...

Tuesday, August 15

The Russian provocation in the Black Sea increased wheat prices. Bloomberg reported that the wheat futures prices rose about 1.2% to $6.56 a bushel after falling 1.5% on Friday. This happened after a Russian warship fired a warning shot to illegally stop a civilia...

Friday, August 11

Ukraine has established temporary corridors for merchant ships from the ports of Odesa. The routes will primarily be used to exit civilian vessels that have been in the Ukrainian ports of Chornomorsk, Odesa, and Pivdenny since the beginning of the full-scale invasion of Russia, the comma...

It has become much more difficult for Russia to export grain by sea. Russian grain exporters are facing difficulties after Ukraine’s strikes on the Kerch bridge and Russian warships in the port of Novorossiysk. Russian marine terminals on the Sea of Azov have alr...

Thursday, July 27

The NATO-Ukraine Council addresses the serious security situation in the Black Sea. During their meeting, NATO members and Ukraine all strongly condemned Russia’s decision to withdraw from the grain agreement, as well as the latest Russian missile strikes on Odesa, Mykolaiv, an...

Friday, July 21

Ukraine responds to Russian threats by warning it may attack Russian ships. Ukraine stated that any ships heading to Russian ports might be military targets, a tit-for-tat response to a threat from Moscow that escalates the war’s risk to global food markets. Ukraine has previ...

Thursday, April 21

The Black Sea blockade could cause a global food catastrophe. According to the UN, Russia’s blockade of Odessa’s ports could cause a global food catastrophe. In a typical year, these ports help feed 400 million people worldwide. Now they are closed d...

Tuesday, August 25

The government promises “a national program to support shipbuilding, cheaper credit resources,” The government promises “a national program to support shipbuilding, cheaper credit resources,” Arakhamia said. Later on Friday, Oleh Uruskyi, Minister for Strategic Industries visited the Okean shipy...

Business education for combat veterans and soft loans for veteran-owned startups are government priorities Business education for combat veterans and soft loans for veteran-owned startups are government priorities, President Zelenskiy said during an International Volunteer and Veterans Forum in Kyiv. “It&#...

With the minimum monthly wage set to rise to $182 (UAH 5,000) next Tuesday, Zelenskiy says the budget can “definitely support” the hike With the minimum monthly wage set to rise to $182 (UAH 5,000) next Tuesday, Zelenskiy says the budget can “definitely support” the hike. On July 1, the minimum wage is to increase by 30%, to UAH 6,500...

Grain sales were down 18% yoy in July, Grain sales were down 18% yoy in July, reports UNIAN citing the Ministry of Economic Development, Trade and Agriculture. Due to bad weather, much of the harvest is late.

Steelmaker ArcelorMittal has transferred 50 million tons of slag to the government for the national road construction program Steelmaker ArcelorMittal has transferred 50 million tons of slag to the government for the national road construction program, reports Interfax-Ukraine, citing the company. Earlier this year, Arcelor ...

Interpipe, Ukraine’s largest pipe and wheel producer, will redeem at par 97 million of its 2024 notes this week Interpipe, Ukraine’s largest pipe and wheel producer, will redeem at par 97 million of its 2024 notes this week, according to the company.

IKEA Ukraine plans to offer 5,000 items in its first physical store in Kyiv IKEA Ukraine plans to offer 5,000 items in its first physical store in Kyiv, says Florian Melle, Ukraine director of Ikea. He said: “A city-format store will open in Kyiv without a food department and...

Energy traders imported 345,000 megawatts of electricity in the first quarter of 2020 Energy traders imported 345,000 megawatts of electricity in the first quarter of 2020, reports NERC. The imported electricity was from Slovakia, Hungary, Romania and Belarus.

New car imports are down 36% y-o-y New car imports are down 36% y-o-y, reports Ukrinform citing Ukravtoprom. The average value of an imported new car is $19,300. Japanese vehicles are the most popular.

Passenger transport is down 56.2% y-o-y Passenger transport is down 56.2% y-o-y, reports the State Statistics Service. Rail was down 58.2%. Motor transport was down by 44.3%.

There have been no combat losses in the eastern regions for the past 29 days There have been no combat losses in the eastern regions for the past 29 days, Zelenskiy said during his Independence Day speech. “A year ago, I talked about how every morning starts with an SMS messag...

The IMF has yet to set a date for the review of the Standby Agreement, a review that was to be in September. The IMF has yet to set a date for the review of the Standby Agreement, a review that was to be in September. IMF Ukraine representative Goesta Ljungman tells Hromadske that while “discussions on the i...

Ukraine received in June a first $2.1 billion tranche Ukraine received in June a first $2.1 billion tranche of what is to be a $5 billion loan program.

Prime Minister Shmygal says he expects Ukraine will receive the second tranche by the end of this year Prime Minister Shmygal says he expects Ukraine will receive the second tranche by the end of this year. Some economic analysts say the IMF switched to observation mode after President Zelenskiy unexpe...

International reserves reached a new high this month at $28.8 billion International reserves reached a new high this month at $28.8 billion, according to the National Bank of Ukraine. Boosted by the IMF tranche, this is the highest level in eight years.

Mykolaiv’s shipbuilding industry is to be revived with a government program designed to create 25,000 new jobs Mykolaiv’s shipbuilding industry is to be revived with a government program designed to create 25,000 new jobs, President Zelenskiy and David Arakhamia, leader of the Servant of the People Rada, promi...