The total damage from the war, including future periods, reaches a trillion dollars. This was stated by Prime Minister Denys Shmyhal in an interview with Interfax-Ukraine. He also noted that the contraction of the Ukrainian economy in the month of full-scale war is estimated at 35% and above. “We see that now when the hostilities … Read more
Ukraine continues to carefully fulfill its debt obligations, has created a Debt Management and Redemption Fund, Prime Minister Denys Shmyhal has said. “Ukraine has always carefully fulfilled its obligations. This is the image of the state. On March 1, the Ministry of Finance of Ukraine made a coupon payment in the amount of $292 million … Read more
Ukrainian Minister of Finance Serhiy Marchenko denies any talks on debt restructuring and notes that state debt payments in March and April are feasible for Ukraine. “At this stage, we are not talking about restructuring,” he said in an interview with Lb.ua published on Monday. “We want to be responsible towards them and do not … Read more
The liquidity of the banking system (in the form of balances on correspondent accounts and in deposit certificates of the National Bank of Ukraine) is about UAH 190 billion, or 3.5 times more than the norm, which is enough to fulfill the payment orders of customers, Head of the NBU Council Bohdan Danylyshyn said. “It … Read more
The Ukrainian economy is suffering greatly from the war unleashed by Russia, the decline in its GDP could be a third of what it was before the war, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said in a Foreign Policy Live discussion on Tuesday. The head of the IMF noted that the destruction of … Read more
Ukraine will continue to transit Russian natural gas as long as it is technically possible, but proposes to freeze funds from its sale on escrow accounts until the withdrawal of Russian troops from Ukraine, head of the board of NJSC Naftogaz Ukrainy Yuriy Vitrenko said to Bloomberg. “At the moment, it has been decided that … Read more
Synchronization of the Integrated Power System (IPS) of Ukraine with European ENTSO-E will increase the capacity of power lines between Ukraine and Europe up to 5 GW, Minister of Energy Herman Haluschenko said in his column “Energy visa-free regime. United front with Europe” in Ukrainska Pravda on Saturday. “There are a number of technological initiatives … Read more
The government of Ukraine has worked out solutions for a complete reset of customs, which will make it possible to facilitate and speed up the import of goods necessary for defense and people as much as possible, President Volodymyr Zelensky said in a video message on Saturday night. “Cargo for our defense, for our people … Read more
The PayPal payment system has officially started operating in Ukraine, and Ukrainian bank cards can already be tied to your wallet. This was announced by Minister of Digital Transformation Mykhailo Fedorov. “Now you can shop online, transfer funds and withdraw money to Ukrainian bank cards,” the minister wrote. You can now attach Ukrainian bank cards … Read more
The Cabinet of Ministers of Ukraine has allowed the circulation of fuel of Euro-3 and Euro-4 emission standards, the press service of the Ministry of Energy reported on Thursday. The changes have been made to the technical regulations for the requirements for motor gasoline, diesel, marine and boiler fuel, approved by Resolution No. 927 dated … Read more