Hungary has temporarily banned the import of grains, oilseeds, and some other agricultural products from Ukraine, Hungarian news outlet 24.hu reported on April 15, citing Hungarian agricultural minister Istvan Nagy. “The government is committed to representing the interests of the Hungarian farming community, which is why, in the absence of meaningful EU measures, like Poland, it temporarily prohibits … Read more
The Ukrainian budget loses billions of hryvnias every year due to shady schemes in the tobacco, alcohol, and oil and gas industries, economist and Economic Expert Platform coordinator, Oleh Hetman, wrote in his column for NV Business on April 15. Losses from tax evasion in these sectors alone amounted to UAH 60 billion ($2.2 billion) … Read more
Elon Musk’s SpaceX is appealing a Ukrainian court’s decision that awarded a Ukrainian company with the Starlink trademark, Ukrainian news outlet Mediasat reported on April 13. On March 2, Kyiv Commercial Court ruled to award Ukrainian company “Старлінк” (Starlink in Cyrillic script) with “Старлінк” trademark. In response, SpaceX has now lodged an appeal with Kyiv’s … Read more
U.S. aerospace company Boeing has released Ukrainian companies from $200 million worth of obligations under the multinational Sea Launch project, Ukraine’s Prime Minister Denys Shmyhal tweeted on April 14. “During a meeting with the U.S. business, Boeing announced that it is releasing Ukraine from a $200 million obligation related to the Sea Launch project. Thank you … Read more
Ukraine’s National Agency on Corruption Prevention (NACP) has declared China’s Xiaomi Corporation an international sponsor of war, the agency reported on April 13. The company has been listed not only because it continued operations in Russia after the full-scale invasion of Ukraine, but also because it remains the leader in smartphone sales in the terrorist state. Xiaomi … Read more
The Regional Gas Company (RGC) has connected the first biomethane plant in Ukraine to its networks, the company reported on April 12. The plant will produce about 3 million cubic meters of gas per year – enough to meet the demand of about 1,500 customers, both households and industry. Work on connecting the plant was … Read more
Ukraine’s first biomethane plant was connected to the gas transmission network. The Ministry of Agrarian Policy reports that it is already supplying gas to consumers. The Ministry of Agriculture says that the biomethane and biogas industry development will make it possible to abandon the import of gas, which will contribute to the country’s energy security … Read more
The Verkhovna Rada, Ukraine’s parliament, passed bill No. 9107-1 at first reading on April 11, which lays down the grounds to nationalize the Russian-owned Sense Bank – former Alfa-Bank Ukraine, according to the parliament’s website. The bill concerns the procedure for the withdrawal of banks owned by sanctioned individuals from the market. The document authorizes the … Read more
Ukraine would produce equipment for humanitarian demining, says Oleksandr Kamyshin, Ukraine’s Minister of Strategic Industry. Minister Kamyshin noted on his Telegram channel that the government had launched an updated state policy on humanitarian demining. Within this program, the Ministry of Strategy and Industry is responsible for launching the local production of machinery and equipment for … Read more
Ukraine has immense recovery and reconstruction needs, and the World Bank estimates that there is an additional $11 billion funding gap in 2023 for critical expenditures, World Bank Group President David Malpass said on April 10. While opening the annual Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington D.C., Malpass … Read more