Ukraine will consider the possibility of opening a quota for the export of 100,000 tonnes of coal to Poland in September, Prime Minister Denys Shmyhal has said. “On behalf of the President of Ukraine, at the request of the Polish side, Ukraine is ready to consider the possibility of opening quotas for coal exports to … Read more
A one-time correction of the hryvnia official exchange rate and additional measures taken by the NBU to ease the depreciation pressure helped reduce imbalances on the FX market and, coupled with large amounts of international financial assistance, this allowed increasing international reserves, the central bank has said. “Ukraine’s international reserves are sufficient to keep the … Read more
Several critical bilateral documents were signed on the sidelines of the 8th EU-Ukraine Association Council meeting in Brussels. Deputy Prime Minister, Minister of Digital Transformation, Mykhailo Fedorov, and EU Commissioner for Internal Market Thierry Breton signed the agreement on Ukraine’s participation in the European Union’s Digital Europe Programme (2021-2027). The document will ensure Ukraine’s participation … Read more
Fitch Ratings has upgraded Ukraine’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CC’ from ‘RD’ (restricted default). “The upgrade of Ukraine’s LTFC IDR to ‘CC’ follows the execution of consent solicitation on 11 August to restructure external debt, which we deem constitutes completion of a distressed debt exchange (DDE), curing the ‘restricted default,” Fitch … Read more
President of Ukraine Volodymyr Zelensky signed the law on amendments to certain legislative acts of Ukraine on the peculiarities of activities of the financial sector in connection with the introduction of martial law in Ukraine (No. 2463-IX, as the bill passed under No. 7465-1), which, in particular, extends the law on financial restructuring until January … Read more
As of August 8, 2022, the KSE Institute estimated the damage to Ukraine’s infrastructure from the war at $110.4 billion, while over the past week, the estimate of losses increased by $2.1 billion. “According to the experts of the Russia Will Pay project, the minimum needs for the restoration of destroyed assets increased by $3 … Read more
The losses inflicted on the agricultural sector of Ukraine as a result of the war amount to $4 billion to $6 billion, representative of the UN Food and Agriculture Organization (FAO) Viktoria Mykhalchuk has said. “Preliminary estimates from June indicate that the losses inflicted on the agricultural sector as a result of the war are … Read more
The National Bank of Ukraine (NBU) has stepped up measures to stabilize the situation on the cash foreign exchange market, having decided to sell foreign currency on this market segment, and not only on the interbank FX market. “We have decided to sell the currency for this segment, which was not the case before,” Oleksiy … Read more
The estimated total value of grain and oil crops stolen by the russian federation in Ukraine is more than 613 million US dollars. Such data was voiced by the expert of the KSE Institute Center for Food and Land Use Research, Roman Neyter, during the discussion “100 days past the RF’s invasion: current state and … Read more
Fitch Ratings has downgraded Ukraine’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘C’ from ‘CCC’, the rating agency said on its website. “Fitch typically does not assign outlooks to sovereigns with a rating of ‘CCC+’ or below. Fitch has removed all of the ratings from Under Criteria Observation (UCO),” it said. “On July 20, … Read more