Russian President Vladimir Putin met with US Special Envoy Steve Witkoff for three hours in Moscow on August 6. The Kremlin described the discussions as “useful and constructive”, happening two days before the deadline Trump set for Russia to achieve peace in Ukraine…
Category: 9. Business
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The US is preparing new sanctions against Russia, with Putin facing a Friday deadline.
The US Treasury Department will continue to impose sanctions to limit Russia’s illegal income, , according to US Treasury Secretary Scott Bessent. Meanwhile, India is increasingly suffering from Western sanctions on Russia, as these restrictions continue to impact the…
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To avoid new sanctions, Putin has proposed an “air truce” with Ukraine.
The Kremlin suggests a temporary ceasefire and ceasing missile and drone strikes if Ukraine agrees to a similar measure. However, Moscow does not intend to completely end hostilities and plans to continue the war, believing its troops still hold the advantage on the…
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The NBU has introduced a new set of measures to ease currency restrictions for businesses that took effect on August 6.
The new package aims to provide incentives and opportunities for businesses without creating significant additional demand in the Ukrainian currency market, the NBU stated.
The new measures are as follows:
- Businesses will be able to repatriate dividends from 2023. Businesses can use repatriated…
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Ukraine and the US plan to begin three mining projects within 1.5 years.
The two countries are working to launch the first three mining investment projects, scheduled for completion within the next 18 months under the American Ukrainian Reconstruction Investment Fund, according to Prime Minister Yulia Svyrydenko after a meeting with US…
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The IFC will join the EBRD and EIB in establishing a €350M infrastructure fund for Ukraine with a €40M contribution.
The International Finance Corporation (IFC) of the World Bank Group plans to invest up to €40M in the new Amber Dragon Ukraine Infrastructure Fund I, which has a targeted size of €350M. The European Bank for Reconstruction and Development (EBRD) and the European…
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Investors focus on Ukraine government bonds and their preferences are shifting toward longer maturities.
On August 5, the Ministry of Finance of Ukraine borrowed over UAH 18B ($429M), mostly from USD-denominated paper and four-year notes. The smallest amount came from bills with less than two years to maturity. Fourteen-month bills brought UAH 552B to the budget, while…
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Global M&A activity from January to July hit a four-year high.
According to Dealogic, the total value of global M&A deals during this period was $2.6T, marking the highest total in four years. This was 28% higher than the same period last year, even though the number of deals decreased by 16%. The rise was driven by several…
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A private equity fund from Kazakhstan has acquired a Ukrainian construction company to participate in reconstruction efforts.
The Brickstone Private Equity Fund CEIC Ltd. (Kazakhstan) has purchased 100% of Watzenrode, a Ukrainian construction company founded in 2013 that has shown steady growth even during wartime. The new owner is connected to the largest construction group in Central Asia….
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The EIB plans to provide Ukraine with €200M to build social rental housing.
The European Investment Bank (EIB) is considering a project that would lend €200M to Ukraine for the construction of social rental housing and to support its financial model. The aim is to supply financial resources to cities affected by war or that are hosting many…
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