On Friday September 19, three Russian fighter jets penetrated Estonian airspace, marking the Kremlin’s third attempt this month to probe NATO’s eastern border. The MiG-31s, capable of carrying the Kinzhal hypersonic missile, headed for Estonia’s capital, Tallinn….
Category: 9. Business
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Ukraine continues to weaken Russia’s ability to finance its war efforts by damaging energy facilities.
On the night of September 20, the Ukrainian military attacked the Saratov Oil Refinery, with an annual refining capacity of over seven million tons of oil, which supplies 2.54% of Russia’s annual oil refining needs. Ukrainian drones also damaged the Novokuybyshev Oil Refinery in the Samara…
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Zelenskyy and Trump will meet this week to discuss security guarantees for Ukraine and increasing pressure on Russia.
President Volodymyr Zelenskyy told reporters that he plans to address the issue of security guarantees for Ukraine during his meeting with US leader Donald Trump on the sidelines of the UN General Assembly. Additionally, the president added that Ukraine anticipates…
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The Western allies are working toward a solution to access Russian assets in order to support Ukraine.
The EU is weighing options to use frozen Russian assets to provide a “reparations loan” to Ukraine, aiming to boost its financial position and avoid a potential veto from Hungary. Not all 27 EU countries can participate in this mechanism, which involves replacing…
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The European Commission has approved the 19th package of Russian sanctions.
EC President Ursula von der Leyen confirmed that the package will ban the import of liquefied gas from Russia. Additionally, 118 more ships from the shadow fleet will be added to the EU sanctions list, and Gazpromneft and Rosneft will be prohibited from conducting…
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Ukraine plans to spend ₴22.3B on infrastructure restoration in 2026, which is fraction of what the state needs.
The Ministry of Development and Reform announced that it lacks necessary funds for road repairs and that they are seeking 400-500% more. Ukraine’s 2026 draft state budget, which covers programs managed by the Ministry of Development of Communities and Territories,…
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Ukrainian businesses see ending the war and tax cuts as keys for growth.
Nearly 89% of entrepreneurs cited ending the war as the main stimulus for business development, followed by tax cuts (37.6%), although this is 10 percentage points lower than in January, according to the August survey by the Institute for Economic Research (IER). The…
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Ukraine has confirmed its reserves of critical minerals, which can attract foreign investment.
The State Geology and Subsoil Service has summarized the country’s reserves of critical and strategic minerals in Ukrainian deposits and published a report. The list includes unlicensed deposits and subsoil areas with mineral and rare earth metal deposits. Most are…
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Two logistics companies have invested $7M in the first phase of constructing a container terminal in the Kyiv region that will facilitate cargo transportation to Ukrainian and European ports.
Lemtrans, a transport and logistics group (Kyiv), together with Rail Trans Investment (Odesa), have completed the first phase of the Fastiv Container Terminal (Kyiv region), investing approximately $7M. As part of the project, two new railway tracks and a container yard…
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Four Western companies are investing over $100M in Ukrainian defense technologies.
Four companies have announced plans to invest over $100M in Ukraine’s defense tech sector, along with their first closed investment rounds. One such example, NUNC Capital (Netherlands) is investing €20M to support Ukrainian defense innovations. Verne Capital…
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