European Commission President Ursula von der Leyen stated that EU nations are developing a plan to send this force once the war ends, as part of the Ukrainian security guarantees that are supported by the US. However, German Defense Minister Boris Pistorius sharply
Category: 9. Business
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Several EU countries are frustrated by the delay in the confiscation of Russian assets and are calling for stronger action.
Sweden’s Foreign Minister, Maria Malmer Stenergard, noted that she is disappointed that the EU has not yet decided on the use of frozen Russian assets to support Ukraine. Stenergard highlighted that it’s clear Russia does not want to end the war, so increased…
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The EU will require gas importers to prove that their gas is not Russian.
As part of the total abandonment of Russian energy sources, the EU will also consider implementing stricter requirements for importers. The latest draft of a negotiation proposal includes new rules for gas suppliers. According to the draft, for natural gas imports…
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“Modi’s War”: India boosts Russian oil imports despite tariffs and US criticism.
White House Trade Adviser Peter Navarro has accused India of funding Russia’s war against Ukraine through its Russian oil purchases, calling it “Modi’s War.” Indian refineries are preparing to increase their Russian oil intake by 10-20% in September compared to…
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Nineteen EU countries have requested €150B in SAFE defense loans, many of which will be used to support the Ukrainian defense industry.
European Commission President Ursula von der Leyen stated: “SAFE provides the capabilities that Europe needs most. These are joint procurements, including air and missile defense, cyber defense – and of course drones. I am very pleased that 19 Member States,…
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Ukraine is enhancing its military technology edge through growth in the defense industry and government backing.
Defense Minister Denys Shmyhal noted that Ukraine’s defense capabilities have increased 35-fold over the past three years, with approximately 900 enterprises and more than 1,000 innovative teams now active. He emphasized that Ukraine is developing a technological…
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Ukraine’s non-bank financial sector is showing growth in key market segments.
In the second quarter of 2025, non-bank financial service providers’ total assets decreased by 11.7% compared to the previous quarter due to the voluntary license surrender by a large state-owned leasing company, but assets increased by 1.8% year-on-year….
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The Ukrainian government has sold the Titanium Institute at auction for ₴30.4M.
Novobudenergo from Western Ukraine was the only participant in the auction. The company’s debt, which exceeded ₴72M, was added to the winning bid. This was the third attempt to sell the facility, and the sale price was one-third of the initial offer. The buyer,…
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Ukraine’s largest dollar store chain is changing its expansion strategy.
In 2025, the Aurora chain will open one new store every 30 hours, compared to last year’s rate of 14 hours, said co-founder Taras Panasenko. According to him, Ukraine’s biggest dollar store retailer has shifted its approach and started opening larger stores, but in…
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Ukraine is increasing its sales of frozen vegetables but sugar exports decline.
In the first seven months of 2025, the value of Ukrainian frozen vegetable exports rose to $6.1M. The exports mainly go to Germany, Israel, Belgium, Italy, Poland, France, and Romania. The export structure primarily consists of products including frozen carrots, beets,…
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