Category: 9. Business

The Pentagon is not concerned with the possible increase in tensions with the Russian Federation after Ukraine’s incursion into the Kursk region, Deputy Pentagon Press Secretary Sabrina Singh said. She emphasized that Ukraine is entitled to do everything possible to continue to reclaim its… Continue Reading

The sudden breach of the border in the Kursk region of Russia and subsequent hostilities has caused humiliation for the Russian army. “In less than 48 hours, Ukraine seized more territory than during the entire unsuccessful counteroffensive of the summer of 2023,” The Telegraph noted…. Continue Reading

Last week, Ukraine’s military struck another important enemy military object in Russian territory. In the attack, the Russian Lypetsk airfield in the Lypetsk region was severely damaged, which is where Russian forces had housed Su-34, Su-35, and MiG-31 fighter jets, the General Staff of the… Continue Reading

According to Bloomberg, Russia’s overheated economy may begin to cool, based on Russian government statistics. While Russia’s GDP jumped more than 4% year-on-year in the second quarter, growth will slow to half that level for the rest of the year and fall to 0.5%-1.5% next year. Since the… Continue Reading

Finance Minister Serhiy Marchenko has called on Ukraine’s Western allies to accelerate the $50B loan to Ukraine, arguing that delays in arms deliveries have led to a growing budget deficit, forcing Kyiv to find money to pay military salaries. The official said that the slow supply of weapons,… Continue Reading

US Treasury Secretary Janet Yellen stated: “Our direct budget support for Ukraine continues to depend on reforms that will further strengthen the stability of Ukraine’s economy and improve governance. I am pleased with the unprecedented level of transparency and accountability associated… Continue Reading

The Ministry of Finance announced on the London Stock Exchange the specifics for exchanging old bonds for new-issue bonds. Ukraine invites holders of each series of sovereign bonds and existing bonds, totaling more than $20B, that are guaranteed by Ukravtodor to exchange them for new… Continue Reading

As FT writes, Ukrainian authorities are trying to improve the country’s financial condition by implementing several scenarios simultaneously, which can be called a mixture of debt restructuring, privatization, and tax rate increases. In this way, the government seeks to overcome the budget… Continue Reading

The first meeting of the Small and Medium Business (SME) Resilience Alliance was held in Kyiv in June during the URC-2024 conference with the participation of Ukraine, 12 other countries, and 17 development institutions. “Over the next four years, the total assistance for Ukrainian SMEs will… Continue Reading

Ukrainian banks have already approved issuing loans for the installation of solar power systems in households worth ₴1B ($25M), said Minister of Energy Herman Galushchenko. The Ministry emphasized that solar panels with energy storage systems must be installed on all public buildings in the… Continue Reading