payments

‘Winter Support’ payments will cannibalize existing welfare programs—report

Planned one-time payments of UAH1,000 ($25) to all Ukrainian citizens will be financed by cutting funding for existing child welfare and low-income family support programs, Ukrainska Pravda reported on Nov. 13, citing government documents.

14 November, 02:40 AM

Cabinet approves extra social payments ahead of winter

The Ukrainian government has signed off on a one-time payment of UAH6,500 ($154) to the most vulnerable citizens under the broader “Winter Support” stimulus package, Ukrainian PM Yulia Svyrydenko said on Nov. 5.

6 November, 01:05 AM

UEFA pays Russia $11+ million during full-scale war, while Ukrainian clubs receive nothing

The Union of European Football Associations (UEFA) has paid Russian clubs more than $11.7 million in solidarity funds during the full-scale war in Ukraine, The Guardian reported on Aug. 8.

8 August, 03:33 PM

Ukraine embraces open banking for EU integration

Ukraine’s National Bank has approved the Regulation on Open Banking in Ukraine, which takes effect on Aug. 1, 2025, the central bank announced.

28 July, 04:45 PM

NovaPay’s new button enhances payment options for business

NovaPay, one of the major players in Ukraine’s fintech scene, has introduced the NovaPay Button, a new internet-acquiring tool allowing businesses to integrate secure, card-free payments, the company’s press service told NV Business on March 19.

19 March, 12:42 PM

Russian oil loses grip on Indian market, banks reject payments

Indian banks have begun blocking payments for Russian-origin oil following the Joe Biden administration's "farewell" package of sanctions on Russia's energy sector, EnergyIntel reported Jan. 20.

22 January, 10:48 AM

EU provides Ukraine with €4.1 billion as part of Ukraine Facility initiative

Ukraine has received a second regular payment of €4.1 billion ($4.3 billion) from the European Union under the Ukraine Facility program, Prime Minister Denys Shmyhal announced on X.

18 December 2024, 04:22 PM

Bulgaria warns Russian gas flow halt over Gazprombank payments fallout

Bulgaria may halt the transit of Russian gas to Serbia through the TurkStream pipeline from January if Gazprom fails to ensure payment compliance with U.S. sanctions against Gazprombank, Energy Minister Vladimir Malinov said on Dec. 10, according to the Novinite news agency.

11 December 2024, 10:17 AM

Ukraine’s DDoS attack cripples Russia’s Gazprombank

Ukraine’s Main Intelligence Directorate (HUR) carried out a large-scale cyber attack on Russia's third-largest bank, Gazprombank, according to NV source within the agency.

5 December 2024, 11:13 AM

Ukraine’s PrivatBank ranked 40th globally in card payment volume, Nilson Report

State-owned PrivatBank has been included in the top 150 ranking of the world's leading banks and financial acquirers for the number of payments made by bank cards in retail networks, according to the annual Nilson Report, the bank’s press service wrote on Facebook on Oct. 24.

25 October 2024, 09:46 AM

Impact of tax changes on military pay in Ukraine

Recent changes in the taxation system during the period of martial law have raised the military levy from 1.5% to 5%. NV explores how these changes will impact the financial support for military personnel in Ukraine.

17 October 2024, 01:14 PM

Ukraine pauses state debt payments to navigate financial challenges

Ukraine's Cabinet of Ministers has decided to temporarily suspend payments on the 2015 external sovereign bonds starting Sept. 1, 2024, as part of a debt restructuring agreement.

28 August 2024, 06:50 PM

Ukraine's rating downgraded to restricted default - Fitch agency

Ukraine's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) was downgraded from 'C' to 'RD' (restricted default) following the start of the Eurobond restructuring, Fitch Rating agency wrote on Aug. 13.

14 August 2024, 01:52 PM

Russia and China devise alternative payment methods amid US sanctions

Russian dictator Vladimir Putin's visit to China has helped provide both countries with payment alternatives that have been limited since the expansion of U.S. sanctions, Reuters reported on June 20, citing sources.

21 June 2024, 01:47 PM

payments