Category: 9. Business

Russia is set to deliver a memorandum to Ukraine outlining its proposals for settling the war. President Zelenskyy has stated that Ukraine is open to any form of diplomacy that can yield real results to end the war. Currently, Ukraine is working to arrange a meeting…

European leaders are urgently seeking ways to maintain their support for Ukraine amid US President Trump’s increasingly apparent withdrawal of support for Kyiv. The US is not approving new military aid packages for Ukraine and is also refusing to intensify sanctions…

Ukrainian UAV manufacturer Skyeton has announced a strategic partnership with Danish company Quadsat, which specializes in radio frequency research. The companies are collaborating to develop electromagnetic surveillance systems. This partnership will combine the Raybird…

The European Commission has adopted a list of transitional measures for Ukrainian exports to the EU, which will take effect after June 5 when autonomous trade preferences for Ukraine will no longer be in effect, said EC spokesman Balazs Ujvari. The transitional…

The European Commission is already preparing its 18th package of sanctions against Russia, which will disconnect about 20 banks from the SWIFT payment system and impose trade bans exceeding €2.5B in value. The EU also intends to impose sanctions on the Nord Stream gas…

TAS Group is building the new production facility in Kovel, Volyn Oblast, with investment costs in construction, excluding equipment, totaling approximately UAH 200M ($4.8M). This new plant is part of TAS Dniprovagonmash, which already manufactures railcars in Kamyanske,…

In light of Russian attacks on Ukraine’s energy system, 20 major domestic companies have built 1.06 GW of generation capacity since the onset of the full-scale war and plan to expand this in the coming years, with a total of ₴28.9B ($690M) already invested and…

Republican Senator Lindsey Graham stated that support for a bill imposing “tough sanctions” against Russia has grown in the US Congress to 81 senators out of the 100 total. To override a possible veto by President Donald Trump in the Senate, 67 votes are…

US President Donald Trump, during a conversation with European leaders on May 19, said that the Russian president is not prepared to end the war against Ukraine because he believes he is winning. However, this still has not led Trump to impose additional sanctions…

The UK has urged its G7 allies to lower the price ceiling for Russian oil to further pressure Vladimir Putin to end the war in Ukraine. This issue was a priority for discussion at the G7 finance ministers’ meeting held in Banff, Canada, from May 20-22. The EU believes…