The government has taken another step towards launching insurance for Ukrainian enterprises against military risks by making corresponding amendments to the charter of the Export Credit Agency (ECA). “Changes have been made to the charter of the Export Credit Agency. This is the second of two subordinate government regulations without which this mechanism will not … Read more
As a result of Russian strikes on Ukraine’s energy grid in March, 80% of DTEK’s thermal generating capacity, available before the largest attack on the energy system on March 22, was damaged or completely destroyed, its CEO Dmytro Sakharuk said. “Yesterday (March 29) there was the second largest attack on our facilities, the largest one … Read more
Ukraine is removing its ‘International War Sponsors’ list from the website of the National Agency for the Prevention of Corruption after representatives from several countries raised concerns, the Cabinet of Ministers announced. While the list bore no legal weight, Kyiv created it after the start of the full-scale invasion to put pressure on businesses to … Read more
The G7 countries released a statement in which they noted: “We confirm that the sovereign assets of the Russian Federation in our jurisdictions will remain immobilized until the Russian Federation pays for the damages it has caused to Ukraine.” The signatories of the statement welcomed the EU’s decision to adopt a mechanism for storing the … Read more
Ukraine’s National Agency on Corruption Prevention (NACP) has refused to remove Austria’s Raiffeisen Bank from the international sponsors of war list, citing the bank still not having a clear plan to leave the Russian market, Reuters reported on Feb. 15. Raiffeisen Bank International (RBI) continues to operate in Russia, leading the NACP to include the … Read more
The World Bank, together with the European Commission, the UN and the government of Ukraine, increased the assessment of Ukraine’s needs for post-war recovery. It now stands at $486 billion, according to the third Third Rapid Damage and Needs Assessment (RDNA3). The RDNA3 evaluation covers the period from February 24, 2022 to December 31, 2023. … Read more
The National Agency on Corruption Prevention (NACP) has added the Swiss chocolate manufacturer Barry Callebaut to the list of international war sponsors, the agency reported. “Chocolate should improve your mood, but the world’s leading chocolate manufacturer chose a different path. Instead of giving positive emotions to people, it decided to work on blood,” the NACP … Read more
The National Agency on Corruption Prevention (NAZK) has added the U.S. multinational fast food franchise Subway to its list of international sponsors of war, the NAZK said in a statement on Jan. 10. “Over 500 company restaurants continue to operate in the aggressor’s market, paying hundreds of thousands of dollars in taxes to the Russian … Read more
The full-scale Russian invasion of Ukraine has cost the country a third of its GDP, National Bank of Ukraine (NBU) chairman Andriy Pyshnyi in an interview on Ukrainian TV channel We are Ukraine on Jan. 7. “Ukraine’s critical dependence on international financial assistance remains,” noted Pyshnyi. “This source is fundamentally important for us, as the … Read more
The Cabinet of Ministers of Ukraine has banned the privatization of state and municipal property in the areas affected by active hostilities during the period of martial law and for three months after its end, the Reintegration Ministry reported on Telegram on Dec. 22. The ban amends earlier Cabinet decisions No. 952 of Aug. 23, … Read more