Category: 9. Business

The international rating agency S&P Global lowered Ukraine’s long-term and short-term credit ratings in foreign currency to the level of selective default – from CC/C to SD/SD – due to the missed Eurobond payment on August 1 amidst Ukraine’s $20B in debt restructuring. The agency’s… Continue Reading

The international rating agency S&P Global Ratings notes high uncertainty regarding the scope, results, and consequences of the Russian war in Ukraine. “If the economy begins to recover, given the damage caused by the war, we do not expect Ukraine’s real GDP to reach pre-war levels until… Continue Reading

According to Forbes, in July Russia sent 426 Shahed drones to Ukraine. During the same period, Ukraine retaliated with more than 520 drone strikes. The publication also suggests that Russia shoots down UAVs less effectively than Ukraine, as Ukrainian strikes have caused significant damage to… Continue Reading

On August 3, the Defense Forces of Ukraine struck the Morozovsk airfield in the Rostov region and hit warehouses full of ammunition, several air defense systems, and aviation equipment. In addition, Ukrainian forces attacked several oil depots and fuel and lubricant storage facilities in the… Continue Reading

Representatives from Ukraine and Ireland held negotiations to conclude a bilateral security agreement and develop bilateral cooperation. Ukraine has already signed 25 such bilateral documents, as well as the Ukraine Compact, a multilateral document containing support commitments for Ukraine…. Continue Reading

The State Budget of Ukraine will receive a grant from the US totaling almost $3.9B after representatives from the Ministry of Finance of Ukraine and the World Bank signed a corresponding agreement. This is the US’ first tranche of direct budget support in 2024. The total planned amount of… Continue Reading

The Cabinet of Ministers has submitted to the Ukrainian Parliament an agreement between Ukraine and France that will provide €200M in grant funds for the restoration of Ukraine’s infrastructure and economy, Prime Minister Denys Shmyhal said. In addition, the government will be allowed to… Continue Reading

Gross gas production in Ukraine in the first half of the year amounted to 9.4 billion cubic meters, and could grow by 100% by the end of the year. This would be 100-200 million cubic meters more than last year’s figure (18.7 billion cubic meters), said Executive Director of the Association of… Continue Reading

Soon, Kyiv and Beijing may agree to increase the volume of Ukrainian agricultural product imports to China, according to Zhenmin Wang Yiwei, a professor of international relations at the Peking People’s University. “However, there are two problematic aspects in this matter today: the safety… Continue Reading

The head of the Pentagon, Lloyd Austin, said that the US is worried about Russian forces’ progress in Ukraine. Observations reveal that in July the Russian Federation expanded its occupied territory in the east of Ukraine by about 198 square kilometers. However, after the Russian offensive in… Continue Reading