finance

Ukraine ratifies EUR 50 billion EU agreement under Ukraine Facility program

Ukrainian Parliament ratified an agreement with the European Union, which is necessary to receive €50 billion under the Ukraine Facility program, announced Prime Minister of Ukraine Denys Shmyhal on Telegram on June 6.

6 June 2024, 11:00 PM

Largest oil and gas company in Ukraine moves towards producing electricity

Ukrainian oil company Ukrnafta will start building maneuverable power generation plants, including gas piston and gas turbine thermal power plants, the company's press service reported on June 6.

6 June 2024, 03:55 PM

France and Netherlands push EU to close sanctions loophole that allows Russia to acquire military goods & tech

France and the Netherlands want the EU to sanction any financial institution in the world that helps the Russian military pay for goods or technology used to produce weapons, Reuters reported on May 14.

15 May 2024, 09:53 AM

Ukraine secures significant EU and IMF support in 2024 borrowing - Finance Ministry

The Ukrainian Ministry of Finance announced that from January to April 2024, the actual state borrowings to the general fund of the state budget amounted to $14.35 billion, which is 96.5% of the planned amount for this period.

6 May 2024, 01:53 PM

Ukrainian National Bank estimates losses from Polish border blockade

The resumption of the blockade on Ukraine’s western borders in February significantly affected imports, with the National Bank reporting estimated losses of $350-400 million for the month, as stated in their report released on April 4.

5 April 2024, 12:57 PM

Berlin to finance purchase of 180,000 artillery shells in Czech-led ammunition plan for Ukraine

Berlin will support Kyiv with 180,000 rounds of artillery shells as a contribution to a Czech-led plan to buy ammunition for Ukraine, with a price tag of EUR 576 million ($618 million), Reuters reported on Apr. 2, citing the German Defense Ministry.

2 April 2024, 05:05 PM

World Bank approves $1.5 billion USD allocation to Ukraine

The World Bank’s Board of Directors approved the decision to allocate 1.5 billion dollars to Ukraine as Growth Foundations Development Policy Loan (DPL), Ukrainian Prime Minister Denys Shmyhal reported on March 26.

27 March 2024, 10:42 AM

US proposes issuing $50 billion in bonds for Ukraine from selling frozen Russian assets

The United States has proposed issuing $50 billion in bonds, created from the proceeds of selling frozen Russian assets, to help Ukraine, business news outlet Bloomberg News reported on March 21.

23 March 2024, 12:55 PM

Ukraine’s intelligence and BO Team group report series of cyber-attacks on Russian state and private companies

A series of cyber-attacks on Russian companies were carried out by Ukraine’s Main Intelligence Directorate (HUR) and the BO Team group activists between March 11 and 18, the HUR reported on Telegram on March 19.

19 March 2024, 03:08 PM

Foreign bondholders may negotiate restructuring $20 billion of Ukraine’s debt — report

Foreign holders of Ukrainian bonds are in talks to form a creditor committee ahead of debt restructuring negotiations with Ukraine, Reuters reported on March 15, citing four people familiar with the matter.

15 March 2024, 11:55 PM

The Ministry of Finance explained how state-owned companies saved Ukraine's budget in February

Dividends and corporate income tax from state-owned companies accounted for one-third of state budget revenues in February, said the press service of the Ministry of Finance on March 5.

6 March 2024, 11:50 AM

BII opens multi-million credit line to finance private sector in Ukraine - Economy Ministry

A credit line of up to £250 million ($317m) to finance the private sector in Ukraine will be provided by the financial institution British International Investment (BII) starting in April, the Economy Ministry reported on Mar. 3 after the meeting between First Deputy Prime Minister and Economy Minister Yulia Svyrydenko and BII CEO Nick O'Donoghue.

4 March 2024, 11:20 AM

Unveiling Ukraine's 60,000 bomb shelters: Tracking the 10 billion UAH expenditures of 2023

About 10 billion UAH ($262 million) was spent on shelters in 2023, and 6.5 billion UAH ($171 million) allocated in 2024, but the total expenditure should not be less than that of 2023, Ukraine’s Statistics Ministry said, NV Business reported on Feb. 29.

2 March 2024, 01:25 PM

finance

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