The German Economy Ministry has expanded its state program of investment guarantees for German companies in Ukraine, said the official press release on Aug. 7. The program will now cover not only property damage up to a total loss of investment but also conversion and transfer risks for interest payments on quasi-equity loans. This type … Read more
President Volodymyr Zelenskyy has signed a law on amendments to the Tax Code of Ukraine regarding the peculiarities of taxation during martial law, the president’s press service reported on July 27. The corresponding information regarding the law has been posted on the website of Ukraine’s parliament, the Verkhovna Rada. The adopted law stipulates that from … Read more
Multinational firm Unilever has been included in Ukraine’s list of international sponsors of war, the National Agency for Corruption Prevention (NACP) reported in a press release on July 3. The company, known as a global leader in the food and household chemicals market, owns over 400 brands including Domestos, Axe, Rexona, Dove, Calve, Rama, Brooke … Read more
Ukraine’s Agency for the Prevention of Corruption has added the British corporation Unilever to the list of international sponsors of the war. The company owns more than 400 brands, including Domestos, Axe, Rexona, Dove, and CLEAR. The company’s enterprises still operate in Russia, where they pay taxes, contributing to the war against Ukraine. Unilever employs … Read more
The Ministry of Economy of Ukraine has assessed the cost of the direct damage caused by the destruction of the Kakhovka Hydroelectric Power Plant and dam to be worth at least $2 billion, the press service of the ministry reported on June 30. The analysis by experts from the Ministry of Economy, the Ministry of … Read more
Three Ukrainian manufacturers have been selected to receive $1 million each to combat Iranian-made Shahed drones, the Ministry of Digital Transformation announced on June 27. The manufacturers were chosen through the Drone Hackathon – Anti-Shahed event, where 50 teams presented their projects to representatives of Ukraine’s security and defense forces. The objective was to identify innovative solutions … Read more
Direct damage to housing and otherreal estate in Ukraine exceeded over $54 billion as of May 2023, according to research published by the Kyiv School of Economics Institute. Of the total amount of direct damage to the housing stock, the majority, amounting to $46.6 billion – came from the destruction and damage to apartment buildings. … Read more
Ukraine’s National Agency on Corruption Prevention (NACP) has declared U.S. Mondelez International company an international sponsor of war, the agency reported on Telegram on May 25. The company has been listed since it continued operations in Russia after the full-scale invasion of Ukraine, NACP said. “The company’s interests, which has an annual income of about $26 billion and … Read more
The Russians had stolen about 4 million tons of grain from Ukraine, the Ukrainian Grain Association (UGA) estimated. States under sanctions are the buyers of the stolen grain are the countries under sanctions. But even they are wary of grain stolen from Ukraine. However, there was a case when Libya refused to buy stolen grain. … Read more
The National Agency on Corruption Prevention (NAZK) has added Indian company CK Birla Group to its list of international sponsors of war, the agency’s press service announced on May 19. According to NAZK, Birla Group, and its subsidiary, National Engineering Industries Limited, Qualify for the list due to Birla Group’s sales of bearings to the Russian military-industrial complex, … Read more