It will take $411 billion to cover Ukraine’s reconstruction costs after the full-scale Russian invasion of Ukraine, the UN revealed in a report titled “World Economic Situation and Prospects as of mid-2023”, published on May 16. “The longer-term outlook for Ukraine will depend on the duration and intensity of the war and its ability to finance reconstruction, with … Read more
Damage to the agricultural sector during the active phase of armed aggression since 24 February 2022 is estimated at $8.7 bn. According to the experts of the KSE Institute project “Russia Will Pay”, the highest value of damages in the sector was caused by the destruction and damage to agricultural machinery, which is estimated at … Read more
Ukraine’s National Agency on Corruption Prevention (NACP) has declared China’s Xiaomi Corporation an international sponsor of war, the agency reported on April 13. The company has been listed not only because it continued operations in Russia after the full-scale invasion of Ukraine, but also because it remains the leader in smartphone sales in the terrorist state. Xiaomi … Read more
The world’s largest offshore drilling company, Schlumberger Limited, aka SLB, has been listed as an international sponsor of war by the National Security and Defense Council of Ukraine (NSDC), the National Agency for Prevention of Corruption (NACP) reported on April 7. This designation was applied due to SLB’s expansion of its business with Russia, in contrast to … Read more
The National Agency on Corruption Prevention (NAZK) has added the largest Chinese construction contractor in the Russian Federation, China State Construction Engineering Corporation (CSCEC), to the list of international sponsors of the war, the agency wrote on its website on March 30. NAZK said that CSCEC is implementing large investment projects in Russia. Its subsidiary, Kitaystroy, is … Read more
Ukraine plans to reinstate pre-war taxes, documentary tax audits, and fines from July 2023, the head of the parliamentary committee on finance, tax, and customs policy, Danylo Hetmantsev, said on Ukrainian national television on March 29, news agency Ukrinform reported. Hetmantsev said that on average, the state collects about UAH 80 billion ($3 billion)in taxes and fees … Read more
Ukraine’s National Agency on Corruption Prevention (NACP) has declared Raiffeisen Bank International an international sponsor of war – over its continued operations in Russia, the agency reported on March 23. “Some well-known banks probably hope that if they continue to work in Moscow, the terrorist state will take huge loans from them to pay reparations … Read more
Russia caused another $6 billion damage to Ukraine’s infrastructure in February 2023, bringing the total amount of damage since the full-scale invasion began to $143.8 billion, said the Kyiv School of Economics’ ‘Russia Will Pay’ annual report. According to experts, damages to Ukraine’s infrastructure, education, energy, transport, trade, and healthcare continue to grow. Over 150,000 residential … Read more
A year after the start of full-scale military operations of the Russian Federation on the territory of Ukraine, Ukrainian retailers have reopened 80% of outlets closed in March 2022, and the share of open stores today is 95%, according to a survey by the Association of Retailers of Ukraine. “According to the latest survey of … Read more
The National Agency on Corruption Prevention (NACP) has included Metro Cash&Carry in the list of international sponsors of the war, the agency’s press service has reported. As noted in the press release, the decision was made due to the position of the company’s management to continue operations in Russia. In addition to the retail business, … Read more