Ukraine will receive financial support from the World Bank, the EU, and Finland. Ukraine will obtain soft loans totaling over $1B from the World Bank and €150M from the EU. “Within the framework of this agreement, the money will be directed to the restoration of the port inf... #DenysShmyhal #EnvironmentalProtection #financialaidforUkraine #Finland #UkraineRecovery #worldbank
Ukraine will receive a loan of up to €50M from Finland and a $1.35B grant from the US for humanitarian and social programs. The Government of Finland will provide Ukraine a loan of up to €50M for energy, education, and infrastructure projects. The grant represents at least 35% of the total cost, allowing preferential finan... #DenysShmyhal #Finland #GrantForUkraine #LoanForUkraine #UkraineBudget2024 #UkraineReconstruction #worldbank
Ukraine plans to reserve part of the $50B G7 loan for its financial needs after 2025. The G7 initiative for Ukraine that will provide $50B secured by revenues from frozen Russian assets eliminates the state budget deficit for 2025. However, the government plans to keep part of these fu... #DenysShmyhal #G7 #imf #LoanForUkraine #RussianAssetsProfits #UkraineBudget #UkraineFacility
Ukraine will receive a $3B loan from Britain and €35B from the EU secured by frozen Russian assets. Ukraine will receive a loan from the UK for £2.26B ($2.93B), secured by profits from the frozen assets of the Russian Federation. The funds will become additional funding (up to £3B in military aid pe... #DenysShmyhal #G7 #GreatBritain #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits
While in Kyiv, Robert Fico promised energy aid and support for EU membership, but not NATO. On October 7 during a visit to Ukraine, Slovak Prime Minister Robert Fico stated that his country is ready to support Ukraine during possible blackouts by providing emergency electricity supplies. Slo... #DenysShmyhal #EnergySupportFund #EuropeanIntegration #GasTransit #NATOUkraine #RobertFico #Slovakia
Ukraine is counting on 500% growth in the domestic defense industrial complex by the end of the year. During the first eight months of the year, weapons production in Ukraine increased by 100% compared to the same period last year, Prime Minister Denys Shmyhal said at DFNC2. According to him, weapons ... #DefenseIndustryUkraine #DenysShmyhal #DFNC2 #DroneProduction #UkrainianWeapons #Zelenskyy
Ukrainian authorities call on the EU to increase aid to Ukraine in the new 2028-2034 EU budget to €400B. The Prime Minister of Ukraine, Denys Shmyhal, made this proposal at a meeting with the President of the European Commission, Ursula von der Leyen. “We expect to launch a financial instrument for... #DenysShmyhal #EUbudget #LoanForUkraine #SupportUkraine #UkraineFacility #UrsulavonderLeyen
The wheat harvest exceeds Ukraine’s domestic needs by almost 300%, and sunflower oil exports are higher than pre-war indicators. Prime Minister of Ukraine Denys Shmyhal reported that Ukrainian farmers have collected about 40 million tons of new harvest. This year’s wheat harvest will amount to about 22 million tons. Domes... #agroexportukraine #DenysShmyhal #harvestukraine #Ukrainiangrain #WheatHarvest
The prime minister held a press conference regarding Ukraine’s work with the IMF and the upcoming winter. Here are the most interesting items from the head of the Ukrainian government, Denys Shmyhal. The IMF’s fifth mission emphasizes the 2025 budget. As the PM noted, this was the first time the IMF missi... #DenysShmyhal #ElectricityImport #EnergyDecentralization #energyukraine #GasMiningUkraine #HeatingSeasonUkraine #imf
How is Ukraine preparing for winter in anticipation of new energy sector attacks? Russia is preparing for continued missile and drone attacks on Ukraine’s energyinfrastructure, Prime Minister Denys Shmyhal said. At the same time, Ukraine is preparing for the new heating seaso... #DenysShmyhal #ebrd #EnergyRestore #energyukraine #HeatingSeason #Sweden #Ukrenergo
Ukraine will hold pilot green auctions to attract investors to renewable generation. The Cabinet of Ministers instructed the Ministry of Energy to ensure the organization and conduct of a green auction pilot program to attract investors to renewable generation. The government has adop... #DenysShmyhal #EnergyAuction #energyukraine #RenewableEnergyUkraine #RESinvestments
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 ... #blacksea #DenysShmyhal #France #GrantsforUkraine #OdesaSeaport #PortInfrastructureUkraine
Ukraine will receive $3.9B in direct budget support from the US, said Prime Minister of Ukraine Denys Shmyhal. He expressed hope that Ukraine will be able to receive $50B in 2025 through the G7 initiative to use the profits from frozen Russian assets. In addition, ... #DenysShmyhal #financialaidforUkraine #G7 #LoansForUkraine #RussianAssetsProfits #SerhiyMarchenko #UkraineBudget2024
Ukraine and Moldova will begin construction of a bridge across the Dniester River and to expand the railway infrastructure on the border with Poland. The Cabinet of Ministers has decided to create a joint Ukrainian-Moldovan commission for the construction of a bridge across the Dniester River in the Yampil-Koseuts region, said Prime Minister of Ukr... #BridgeOverDniester #BridgesConstruction #CheckPoints #DenysShmyhal #infrastructureUkraine #Moldova #USAID
Ukraine will present a list of investment projects for 2025 and expects to receive €4.1B from the EU. Prime Minister Denys Shmyhal announced that the Cabinet of Ministers plans to present a prepared list of public investment projects for 2025 to its partners in September. “Thus, in conditions of... #DenysShmyhal #investments #InvestmentsinUkraine #UkraineFacility
Ukraine agreed to a debt restructuring with its Eurobond holders. As Prime Minister Denys Shmyhal reported, Ukraine has reached fundamental agreements with a committee of Eurobond owners. This is a crucial stage in Ukraine’s debt restructuring, saving $11.4B i... #DebtRestructuring #DenysShmyhal #Eurobond #UkraineBond #ukrainedebt
Slovakia threatens to suspend the supply of petroleum products to Ukraine over sanctions against Russian Lukoil. Slovak Prime Minister Robert Fico spoke over the telephone with his Ukrainian counterpart Denys Shmyhal, during which he criticized the inclusion of the Russian company Lukoil, whose oil is also used ... #DenysShmyhal #LukOil #MOL #RobertFico #SanctionsAgainstRussia #Slovnaft
Where will Ukraine spend the $2.2B tranche recently received from the IMF? This is part of the funds provided by the $16B Extended Fund Facility (EFF) program. Prime Minister Denys Shmyhal said this will help the government finance critical budget expenditures, social assist... #DenysShmyhal #EFFprogram #financialaidforUkraine #imf #ReformsinUkraine #UkraineBudget
Security agreements: Ukraine will receive $60B annually over the next four years. According to the collective terms of the security agreements signed with 20 countries, Ukraine’s partners plan to provide total military support of $60B annually in the next four years. “T... #DenysShmyhal #DmytroKuleba #DonaldTusk #NATO #NorthMacedonia #PetrFiala #SecurityAgreement
The DFC will help Ukraine to develop an affordable housing market. The Ministry of Economy, the American International Development Finance Corporation (DFC), and Citibank signed a memorandum on the development of the mortgage lending market in Ukraine. The Minister o... #AffordableMorgagesUkraine #DenysShmyhal #DFC #eOselya #MortgagesUkraine #URC2024 #YuliyaSvyridenko
Ukraine needs up to $30B in annual investment, and the government has identified five priorities for rapid recovery. Ukraine needs from $10 to $30B in annual investments for the next 10 years, Prime Minister Denys Shmyhal said. “Our budget deficit is about 20% of GDP. It is important that the support is predic... #DenysShmyhal #GDPinUkraine #InvestmentsinUkraine #UkraineBudget2024 #UkraineEconomy
It is too early to talk about the state budget deficit in 2025, and the government is looking for additional funding. Finance Minister Serhiy Marchenko said that it is too early to talk about the extent of next year’s budget deficit because everything will depend on the intensity of military operations. In addition, ... #DenysShmyhal #SerhiyMarchenko #UkraineBudget2024 #UkraineBudgetDeficit
Ukrainian government and businesses are working to restore the energy facilities that was destroyed by the Russians. As a result of shelling, Ukraine lost 50% of its power generation capacity. Prime Minister Denys Shmyhal noted that 42 thermal power units were destroyed, 27% of large TPPs are working, 73% are curren... #DenysShmyhal #ElectricityImport #UkraineEnergy #UkraineEnergyLosses #UkraineRecovery #UkrainianRailways
The EBRD will provide Ukraine with €300M to restore energy infrastructure and construct new decentralized generation. Ukraine and the EBRD signed a memorandum under which the European Bank will provide €300M to support Ukraine’s energy sector. “This support will help to fulfill our goal – to ensure ... #DenysShmyhal #ebrd #EnergyDecentralization #energyukraine #UkraineEnergyLosses
Russia has already destroyed 9.2 GW of Ukrainian power generation; the state will work on creating an alternative. Due to the missile attacks over the last few days, Russia has destroyed 9.2 GW of Ukrainian power generation, noted EU Ambassador to Ukraine Katarina Mathernova. In turn, the Prime Minister of Ukraine... #DenysShmyhal #ElectricityGeneration #EnergyDecentralization #KatarinaMathernova #UkraineENergySystem
Ukrainian munitions manufacturers will achieve a 25% profit, and France’s €200M grant will be used for defense needs. Prime Minister Denys Shmyhal announced that the government has approved a resolution establishing a profit margin of up to 25% of their cost for domestic ammunition manufacturers. He noted the success... #ArtilleryShells #DefenseIndustryUkraine #DenysShmyhal #France #WeaponsProduction
Ukraine announces its expectations for international financial assistance for this year. Since the beginning of the full-scale war, Ukraine has attracted more than $85B in external financing, Prime Minister Denys Shmyhal said. “Over ₴1T was attracted to the budget thanks to military... #DenysShmyhal #EFFprogram #financialaidforUkraine #imf #UkraineBudget2024 #UkraineFacility
State companies plan to extract 15 cubic meters of gas and two million tons of oil this year and have launched seven new gas wells. The Naftogaz group expects that state gas production companies will produce about 15 billion cubic meters of gas in 2024, said the state company’s CEO, Oleksiy Chernyshov. He added that in addition to... #DenysShmyhal #energyukraine #GasProductionUkraine #Naftogaz #OilProductionUkraine #OleksiyChernyshov
The EIB will provide up to €30M to support Ukrainian business: what other support programs are available to Ukraine? The Government of Ukraine has allowed two Ukrainian banks to borrow up to €30M from the European Investment Bank to further support Ukrainian small and medium-sized businesses by improving preferentia... #BusinessSupport #CzechRepublic #DenysShmyhal #EIB #ForestsOfUkraine #LoansforBusiness
Ukraine needs at least $1B to restore its power system before the winter. Prime Minister Denys Shmyhal held the first meeting to prepare for the upcoming heating season. The head of the government named several challenges the government of Ukraine is facing: Scales o... #DenysShmyhal #energyukraine #HeatingSeasonUkraine #Ukrenergo #Ukrhydroenergo
Australia will support Ukraine’s defense capability with a $100M aid package. During a press conference in Lviv with Ukrainian Prime Minister Denys Shmyhal, Australian Defense Minister Richard Marles announced a new $100M aid package aimed at repelling Russian airstrikes and he... #AirDefenseSystems #AustraliaAidForUkraine #DenysShmyhal #dronestoUkraine #RichardMarles
Denys Shmyhal and Jake Sullivan ensure the $60B US aid package will arrive within a month. Prime Minister of Ukraine Denys Shmyhal said blocked US funding could arrive as soon as this month, as the more than $60B in assistance continues to be held up by House Republicans in Washington. Acco... #DenysShmyhal #financialaidforUkraine #JakeSullivan #SupportUkraine #USaidforUkraine #UScongress
The EIB has increased investment in Ukraine by 700% and plans to allocate €100M for the restoration of hydropower. In 2023, the European Investment Bank increased project financing in Ukraine by 700% compared to the previous year, up to €262M. The main direction for this financing was €133M to restore damaged crit... #DenysShmyhal #EIB #EnergyInvestments #InvestmentsinUkraine #Ukrainianhydropower #Ukrhydroenergo
The government has named five key sectors of Ukraine as future EU members. Prime Minister of Ukraine Denys Shmyhal singles out five sectors – defense, energy, agriculture, raw materials, and digital – in which Ukraine hopes to declare itself a future member of th... #agroUkraine #AssociationwithEU #DenysShmyhal #energyukraine #UkraineEconomy #UkrainianEnterprises
Ukraine will open five joint defense enterprises with Western manufacturers. According to Prime Minister Denys Shmyhal, “We are cooperating very fruitfully with the leaders of the world’s arms production. We can already talk about five signed contracts and five joi... #DefenseIndustryUkraine #DenysShmyhal #Rheinmetall #WeaponsProduction
The EU does not plan on negotiating with Russia regarding gas transit through Ukraine, while Kyiv is open to some options. The European Commission does not plan to engage in any contact with Russia to continue the transit of Russian gas to European countries through Ukraine’s GTS. European Energy Commissioner Kadri ... #DenysShmyhal #GasTransit #KadriSimson #REPowerEU #RussianGas #UkraineGTS
US President Joe Biden will meet with Congressional leaders regarding the approval of aid to Ukraine: When, and how much, can Ukraine expect? Biden will meet on Tuesday with four leaders in Congress to discuss the provision of assistance to Ukraine. As The Hill writes, Biden has been asking Congress for several weeks to allocate funds to su... #DenysShmyhal #JoeBiden #USaidforUkraine #UScongress #Zelenskyy
The state is moving to a new economic policy – Made in Ukraine, that will bring ₴4B to the budget and 1% GDP growth. President Zelenskyy announced the start of Ukraine’s new economic strategy, Made in Ukraine, which will become a platform for constant, direct dialogue between the state and entrepreneurs. He also ann... #DenysShmyhal #MadeinUA #UkraineEconomicStrategy #UkraineEconomy #Zelenskyy
Money, defense office and framework conditions: What Ukraine and the European Commission agreed on in Kyiv. Prime Minister of Ukraine Denys Shmyhal and President of the European Commission Ursula von der Leyen met in Kyiv. They discussed issues of financing, Ukrainian exports, and cooperation in the defense... #DenysShmyhal #EUdefense #EuropeanIntegration #UrsulavonderLeyen
While Ukraine is working to unblock its borders, Poland is preparing significant restrictions on Ukrainian products. Polish authorities plan to restrict Ukrainian products such as sugar, poultry meat, eggs, frozen raspberries, apple juice, sunflower, and rapeseed oil. Thus, the restrictions on grain are planned to b... #agroexportukraine #BorderBlockade #CzesławSiekierski #DenysShmyhal #GrainEmbargo
Japan allocates more than $12B in aid to Ukraine. Prime Minister Denys Shmyhal reported that Japan will provide Ukraine with $12.1B in aid, including previously announced and allocated amounts. “This is, in particular, a grant worth $4.7B, which we w... #DenysShmyhal #EmergencyRecoveryProgram #JapanAidForUkraine #UkraineRecovery
Japan will spend €1.25B to support its investors in Ukraine. The relevant documents were signed during the Tokyo Conference on Economic Development and Reconstruction. Prime Minister of Ukraine Denys Shmyhal specified that the Japanese export credit agency, NEX... #DenysShmyhal #EEPO #InvestmentsinUkraine #JapanandUkraine #JETRO #KenSaito #TokyoConference #YuliyaSvyridenko
Poland and Ukraine are approaching the resolution of their trade dispute. Poland’s Agriculture Minister Czeslaw Siekierski said: “We are negotiating a bilateral agreement with Ukraine to establish certain rules that will determine the size of quotas for certain ... #BorderBlockade #CzesławSiekierski #DenysShmyhal #DonaldTusk #TradeAgreement #TradeVisaFree #UkrainePoland
An IMF team arrived in Kyiv to discuss reforms and financing for this year. The IMF team will participate in the inaugural meeting of the Steering Committee of the Fund for the Development of Potential of Ukraine, which the IMF administers. After these meetings, on February 1... #DenysShmyhal #EFFprogram #GavinGray #imf #IMFprogramm
Ukraine plans to introduce preferential conditions for manufacturers of electric vehicles and use domestic lithium to manufacture batteries. “We plan to establish the production of electric cars for domestic needs and export. Our domestic needs are so high that, in the next 5-10 years, we can work to saturate the national market,R... #DenysShmyhal #ElectricCarProduction #LithiumUkraine #UkraineEconomy
Ukraine will abolish customs duties on goods in the association agreement with the EU. The EC has already supported maintaining this status until June 2025, Prime Minister Denys Shmyhal said. “We not only expect the rapid approval of this initiative by all EU members but also cons... #CustomDutiesUkraine #DenysShmyhal #TradeAgreement #transportvisafree #UkraineTrade
The US will provide Ukraine with about $12B in budget support. On January 23, US Treasury Secretary Janet Yellen assured Ukrainian Prime Minister Denys Shmyhal that the Biden administration plans to provide Ukraine with $11.8B in budgetary support for $11.8B as p... #DenysShmyhal #JanetYellen #SupportUkraine #UkraineBudget2024 #USaidforUkraine #USsenate
Slovakia will support the €50B allocation and allow private companies to supply arms to Ukraine. The Prime Ministers of Ukraine and Slovakia, Denys Shmyhal and Robert Fico, reached an agreement on several issues, including the EU’s allocation of €50B to Ukraine. Moreover, the parties agreed... #DenysShmyhal #RobertFico #SlovakiaAidforUkraine #SlovakiaUkraine #UkraineFacility
Ukraine and Poland discuss economic cooperation: development of interconnectors, new checkpoints, highways, and the export of agricultural products. Ukrainian Prime Minister Denys Shmyhal and Polish Prime Minister Donald Tusk discussed the further development of electricity interconnectors in addition to the interconnector between the Khmelnytskyi... #DenysShmyhal #DonaldTusk #UkrainePoland #UkrainePolandCheckpoints
The EC will present trade measures for Ukraine’s agricultural products and extend the economic visa-free program. The European Commission will propose trade measures against Ukraine this week after Bulgaria, Poland, Romania, Slovakia, and Hungary, in a joint letter, demanded import duties on Ukrainian grain, EC t... #agroexportukraine #DenysShmyhal #GrainEmbargo #OlofGill
