Ukraine’s state-owned defense company, the Ukrainian Defense Industry (Ukroboronprom), was ranked for the first time in history among the top 50 global defense companies by Defense News, Strategic Industries Minister Alexander Kamyshin said on Aug. 8. Ukroboronprom is a leading strategic manufacturer of weapons and military hardware in Ukraine. The association includes enterprises that develop, … Read more
The Defense Procurement Agency of the Ministry of Defense of Ukraine has signed contracts with 102 domestic suppliers or manufacturers, 45% of which are UAV producers, Hlib Kanievskyi, head of the Procurement Policy Department of the Ministry of Defense, said in an interview with Interfax-Ukraine. Domestic manufacturers primarily supply armored vehicles, mortars, and self-propelled artillery … Read more
The property belonging to former president of Motor Sich Viacheslav Bohuslayev and his business partner, director of the representative office in the Russian Federation Petr Kononenko, has been transferred to the management of the State Property Fund (SPF) of Ukraine. “In accordance with the decision of the High Anti-Corruption Court [HACC], sanctions have been applied … Read more
Ukraine has signed two contracts worth a total of $121 million with domestic defense industry companies, Defense Minister Rustem Umerov said on July 30. In a post on Facebook, Umerov described the two deals as “critically important for the Armed Forces of Ukraine.” “Our defense industry is getting stronger,” he said, adding: “As we buy … Read more
Over 11 months of operation, the Ukrainian maritime corridor has transported 60 million tonnes of cargo, the Ukrainian Sea Ports Authority (USPA) reported on Facebook. “Sixty million tonnes is the cargo turnover of the Greater Odesa ports over 11 months of operation of the Ukrainian corridor,” USPA said in a statement on Friday. Some 40.6 … Read more
Direct losses of the Ukrainian agricultural sector in two years since the beginning of Russia’s large-scale invasion reached more than $10 billion, so it is necessary to accelerate the pace of its restoration to ensure domestic and global food security, Acting Minister of Agrarian Policy and Food of Ukraine Taras Vysotsky said at the Forum … Read more
Russia must end its illegal aggressive war and pay for the damages it has inflicted on Ukraine, which, according to the World Bank, amounts to over $486 billion, as stated in the communiqué from the G7 countries following their summit in Italy. The leaders also stressed that Russian sovereign assets in their jurisdictions would remain … Read more
Group of Seven (G7) leaders on June 13 publicly confirmed an agreement on a plan to provide Ukraine with a $50 billion loan by the end of the year. The loan should be repaid using interest from some $300 billion in frozen Russian assets. “We have reached a political agreement to provide additional financial support … Read more
During the Russian attacks this spring, Ukraine lost 9.2 GW of power generation capacity, European Union Ambassador to Ukraine Katarína Mathernová reported. “We discussed key priorities of Ukraine for the next months, including the urgent energy equipment needs to help alleviate the impact of continuous Russian missile attacks on energy infrastructure. Including the attack from … Read more
During the full-scale war, from 2022 to the first quarter of 2024, 1261 agricultural enterprises closed in Ukraine, according to a study by YouControl.Market. Other sectors with significant closures include wholesale trade, real estate operations, and construction companies. The share of legal service firms among closed businesses doubled during the war. In 2021, the legal … Read more