The Ukrainian government has established a new mechanism for insuring ships against war risks, significantly reducing insurance premiums for carriers involved in maritime imports and exports to and from the country. In early November, the Cabinet of Ministers approved a decision to guarantee the safety of navigation and promote the stability of maritime transport. “Ship … Read more
The Verkhovna Rada on Wednesday, with 253 supporting votes, adopted bill No. 10037 on the redirection of the so-called “military” personal income tax from local budgets to the state budget to channel these funds primarily to the purchase of drones and weapons, Head of the parliamentary budget committee Roksolana Pidlasa has said. “The key provisions … Read more
Switzerland’s Nestle food and beverage conglomerate has been declared an international sponsor of war, Ukraine’s National Agency on Corruption Prevention (NACP) reported on Telegram on Nov. 2. Nestle has more than 2,000 brands worldwide, including popular products like KitKat, Nescafé, Nesquik, Nestea and many others. The company continues to operate in Russia, supplying goods and … Read more
The Ukrainian National Agency on Corruption Prevention (NACP) has added Italy’s Camozzi Group to its list of international war sponsors, pointing to the company’s ongoing business operations in Russia, the agency’s press service said. The Italian company was added to the list for its collaboration with the Russian military-industrial complex, and the operation of a … Read more
Ukraine, with the support of international reinsurance broker Marsh McLennan, launched a data platform on October 12 allowing insurers, investors and governments to analyse war risks in the country, according to the Marsh McLennan website. It is also noted that support was provided to the government of Ukraine in the development and testing of a … Read more
Over 80% of Ukrainian businesses have remained in their regions despite significant changes in the economic geography of Ukraine. This is stated in the research of the Center for Economic Recovery (CER) «Impact of the war on the economy of Ukraine: sectoral, regional and social aspects». 16.4% of enterprises were relocated (2.2% of them abroad). Another 3.3% … Read more
Three largest oil and gas companies from China are included in the list of international sponsors of the war, the website of the National Agency on Corruption Prevention (NACP) reported on Tuesday. “The three largest Chinese oil and gas companies continue to implement joint projects in Russia and finance Russia’s strategic industry by paying their … Read more
International soft drink giant PepsiCo and chocolate company Mars have been added to Ukraine’s list of international sponsors of war, the National Agency for the Prevention of Corruption (NACP) announced in a press release on Sept. 1. Both companies continue to work in the Russian Federation and continue to pay taxes to the Russian state … Read more
The Chinese group of companies Alibaba Group Holding Limited was included by the National Agency for the Prevention of Corruption (NAPC) on the list of international war sponsors. This is reported on the NAPC website. As reported in the agency, Alibaba Group not only continues to work in the Russian Federation. They note that Alibaba … Read more
Work.ua — the largest resource for finding and posting jobs in Ukraine — announced that as of today, they will cease cooperation with companies that have not left the market of the aggressor country. All related vacancies will disappear from the company’s website. At the beginning of Russia’s full-scale invasion of Ukraine, international companies withdrew … Read more