Category: 9. Business

Ukrainian Defense Minister Denys Shmyhal said at the annual YES conference in Kyiv. “If the war ends, we will need not much less in order to simply keep our army in good shape in case of a secondary attack from Russia”, Shmyhal added. In this context, he supports the…

Washington claims that Chinese and Indian imports of Russian oil are funding Russia’ s military aggression and proposes tariffs in the range of 50-100%. Brussels warns that such high tariffs on Beijing and New Delhi could have serious economic consequences and might…

According to Bloomberg, the US recommends creating a legal pathway for the confiscation of frozen sovereign Russian assets and their potential use to finance Ukraine’s defense. Around $300B of Russian assets are being held in Europe. Meanwhile, Politico reports that…

According to NATO Secretary General Mark Rutte, the new mission aims to strengthen defenses on Europe’s eastern flank and is a direct response to the drone incidents. Denmark, France, the United Kingdom, and Germany have already joined, with more countries expected to…

Russia is ready to resume peace negotiations, but currently, there is a hold on the process, said Dmitry Peskov, the Russian president’s press secretary. He added that people should not wear “rose-colored glasses” and expect quick results, as negotiations take time…

On the night of September 12, over 30 Ukrainian drones targeted the Leningrad region, hitting the port of Primorsk, Russia’s largest oil loading hub. The Ukrainian Security Service reported that fires broke out on two ships of the Russian shadow fleet and at a pumping…

Denmark is initiating a system integration project for Ukraine– the Ukraine Transition Program– with a budget of €375M. The program focuses on three main areas: supporting resilience and early recovery, enhancing energy security and transitioning to green energy,…

The European Commission is working to complete its screening as part of preparations for opening negotiation clusters on Ukraine’s EU accession, said EC spokesman Guillaume Mercier. “The screening process is proceeding at record speed when it comes to Ukraine and…

The IMF is urging Ukraine to take decisive action against the shadow economy, which, according to the Cabinet of Ministers, accounts for more than 30% of the country’s GDP. This was a key topic during IMF mission talks with Ukrainian government officials in…

The Regional Development Agency of the Odessa region and a company with American backing, Lavender Terminal, signed a memorandum to implement an investment project aimed at resuming the grain terminal’s operations at the Odessa Sea Trade Port. The terminal has a…