Denys Shmyhal

EU delivers €1B to Ukraine from interest on frozen Russian assets

The European Union has transferred €1 billion ($1.08 billion) to Ukraine as part of the G7’s Extraordinary Revenue Acceleration (ERA) initiative, which uses windfall profits generated from frozen Russian assets. Ukrainian Prime Minister Denys Shmyhal announced the funding after meeting with European Commissioner for Economy and Productivity Valdis Dombrovskis in Brussels on April 9.

9 April 2025, 05:12 PM

NV reveals which top officials earned the most in 2024

NV reviewed the 2024 financial disclosures of top government officials and identified those with the highest incomes.

3 April 2025, 11:57 AM

EFF program milestone unlocks $400 million in IMF funding

The International Monetary Fund’s executive board has approved the seventh review of the Extended Fund Facility (EFF) program, paving the way for Ukraine to receive a new tranche of about $400 million.

29 March 2025, 01:15 AM

Naftogaz secures new external funding source for supply purchases

The European Bank for Reconstruction and Development has approved a loan of up to €270 million to Naftogaz of Ukraine for natural gas purchases over the next two heating seasons, Ukrainian Prime Minister Denys Shmyhal announced on March 26, adding that another €140 million in grants from the Norwegian government will be provided through the EBRD.

26 March 2025, 04:51 PM

Ukrainian PM Shmyhal denies Ukraine is negotiating territorial concessions with anyone

Ukrainian Prime Minister Denys Shmyhal denied that territorial concessions were discussed in talks with U.S. representatives in Saudi Arabia, during a government session in the Verkhovna Rada on March 14.

14 March 2025, 06:38 PM

Shmyhal: 23% of Ukraine still mined, government increasing resources

Approximately 139,000 square kilometers—or 23% of Ukraine's territory—remains potentially mined, Prime Minister Denys Shmyhal announced during a government meeting on March 11.

11 March 2025, 05:15 PM

US, Ukraine could sign mining agreement on March 4 — report

The United States and Ukraine could sign the previously negotiated joint resource extraction deal as early as Tuesday, March 4, Reuters reported.

4 March 2025, 10:46 PM

Ukraine ready to sign resource deal with the US – Shmyhal

Ukraine is prepared to move forward with a key agreement on mineral resources with the United States and is also seeking security guarantees from Washington, Prime Minister Denys Shmyhal said on March 4.

4 March 2025, 05:05 PM

Ukraine will fully meet its artillery needs with domestic production in 2025 – Shmyhal

Ukraine is rapidly scaling up its defense industry and expects to fully meet its military’s artillery needs with domestically produced weapons by 2025, Prime Minister Denys Shmyhal said on March 4.

4 March 2025, 02:17 PM

Ukraine and US finalize agreement on recovery investment fund

Ukraine and the United States have effectively finalized the Agreement on Establishing the Rules and Conditions of the Ukraine Recovery Investment Fund, also known as the preliminary resource agreement with the U.S., Ukrainian Prime Minister Denys Shmyhal said on Feb. 26 in a national television broadcast.

26 February 2025, 02:17 PM

PM Shmyhal details potential US-Ukraine rare earths deal

Ukraine and the United States are discussing the creation of an investment fund where Kyiv would contribute future profits from rare earth metal mining, and Washington would provide cash for various purposes, with both sides splitting contributions roughly 50/50, Prime Minister Denys Shmyhal said in an interview with news agency Interfax-Ukraine on Feb. 25.

25 February 2025, 05:05 PM

Shmyhal announces additional $200M for drone procurement

Ukraine’s Cabinet of Ministers has allocated an additional 7.9 billion hryvnias ($200 million) for drone procurement, Prime Minister Denys Shmyhal announced on Feb. 21 during a government meeting.

21 February 2025, 02:21 PM

Russian invaders strike Mykolaiv, damaging power plant and cutting heat

A Russian strike on Mykolaiv damaged a thermal power plant, cutting heat to 46,000 customers, Prime Minister Denys Shmyhal said on Telegram on Feb. 16.

16 February 2025, 07:06 PM

Ukraine's mineral resources offer strategic advantages for EU – Shmyhal

Ukraine possesses 22 out of 30 critical raw materials deemed critical by the EU, Prime Minister Denys Shmyhal said in a column for Politico on Feb. 14.

14 February 2025, 03:07 PM

Ukraine receives $58 million reconstruction grant from Japan

The Japanese government has allocated $58 million to be spent on reconstruction projects in Ukraine, Ukrainian PM Denys Shmyhal announced on Feb. 11.

11 February 2025, 11:39 PM

Ukraine to focus on long-term defense contracts to stabilize materiel production, says PM Shmyhal

The Ukrainian government is working on a mechanism for long-term contracts for defense enterprises to ensure stable production of weapons and ammunition, Prime Minister Denys Shmyhal said during a Cabinet meeting on Feb. 7.

7 February 2025, 07:51 PM

Ukraine’s warfront: Drone swarms vs. Russian infantry

Ukraine’s Defense Forces rely on drones to counter Russian infantry amid a manpower shortage in Donetsk Oblast, The Wall Street Journal reported on Feb. 7.

7 February 2025, 10:28 AM

Slovakia’s SPP moves to bypass Ukraine, sets up gas transit hub

Slovak company SPP is setting up a subsidiary in Ukraine and plans to obtain a Ukrainian license for gas transportation, allowing it to independently transit Russian gas, SPP CEO Vojtech Ferenc told the news outlet Dennik N on Feb. 6.

6 February 2025, 02:44 PM

UK’s Lammy in Kyiv: Announces £55M boost for Ukraine’s recovery and energy resilience

The United Kingdom will allocate £10 million ($12.5 million) to Ukraine for economic recovery, UK Foreign Secretary David Lammy announced during his visit to Kyiv on Feb. 5, Interfax-Ukraine reported.

5 February 2025, 01:02 PM

Ukraine to introduce "fortress community" status for border and frontline areas

The Ukrainian government is set to introduce the "fortress community" status for settlements located within a 100-kilometer zone from the frontline or the borders with Russia and Belarus, PM Denys Shmyhal said, Interfax-Ukraine reported on Jan. 31.

31 January 2025, 03:13 PM

Denys Shmyhal

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