Category: 9. Business
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The US agrees to provide almost $20B as part of the G7’s loan to Ukraine.
According to FT, Western officials want to deliver funding to Kyiv by the end of the year, realizing that if Donald Trump wins the US elections in November, Washington’s aid to Ukraine is at risk. Recently the US’ contribution had been expected to be less than initially planned because the… Continue Reading
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To become a NATO member, Ukraine needs to carry out reforms; all Alliance members want Kyiv to win the war.
US National Security Adviser Jake Sullivan said that Ukraine must implement the necessary reforms and fulfill certain security conditions in order to obtain NATO membership. “So, the question is, how do we build a bridge from where we are now to possible membership of Ukraine in NATO? And the… Continue Reading
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Biden and European leaders discuss aid to Ukraine: There is no consensus on long-range weapons, and NATO does not want to participate in the war.
On October 18, US President Joe Biden met with French President Emmanuel Macron, German Chancellor Olaf Scholz, and British Prime Minister Keir Starmer in Berlin. The leaders promised to “continue to support Ukraine in its efforts to ensure a just and lasting peace based on international… Continue Reading
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The IMF Board has completed the fifth EFF review for Ukraine and will allocate $1.1B,
an IMF statement says. Experts note that the Ukraine’s economy remains stable, and the implementation of the EFF program is high, despite difficult conditions. Ukrainian authorities met all quantitative performance benchmarks by the end of June and have completed four structural benchmarks…. Continue Reading
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The IMF adds more beacons to Ukraine’s updated memorandum.
The National Anti-Corruption Bureau audit was postponed from the end of September to the end of January 2025, and changes to the Criminal Procedure Code were delayed from the end of October 2024 to the end of December 2024. These are among the new beacons that have been added to the… Continue Reading
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Ukraine will receive about $5B to produce drones; the opening of defense product exports is under consideration.
President Volodymyr Zelenskyy said that by the end of the year Ukraine will receive another $4-5B for domestic drone production. Zelenskyy specified that the state spent about ₴120B ($3B) on domestic drone production this year and the Nordic countries provided €750M (₴30B). In total,… Continue Reading
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The European Council insists on freezing Russian assets until the end of the war, but Orbán will not allow the sanctions regime to be adjusted.
The conclusions of the European Council that were approved following a meeting with the participation of EU leaders on October 17 in Brussels emphasize the importance of fulfilling commitments to provide, together with G7 partners, about €45B ($50B) by the end of the year in support of… Continue Reading
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New military aid packages to Ukraine: Allies transfer thousands of drones, tanks, and air defense systems.
The Ministry of Defense of the Netherlands reports that the country will purchase modern €42.6M worth of reconnaissance and surveillance UAVs from the DeltaQuad company and transfer them to Ukraine. As well, Denmark has allocated DKK 2.4B ($350M) for Ukraine’s 21st package of military aid…. Continue Reading
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Orban does not support the Ukrainian Victory Plan, and Fico says it is contradictory.
Hungarian Prime Minister Viktor Orbán said he does not support Volodymyr Zelenskyy’s Victory Plan because “it is not a victory plan for Hungary.” “We have not participated in war and will not participate now. You cannot win with this plan,” Orbán said. He once again accused the EU… Continue Reading
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Investment in Ukrainian defense startups may reach $50M this year.
According to a study by the KSE and Brave1, in 2023 Ukrainian defense startups attracted up to $5M in investment; in 2024 the amount may reach $50M. The average investment round size increased from $500,000 to $1-3M, which indicates the strengthening of investor confidence in Ukrainian… Continue Reading