Category: 9. Business
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Ukraine has fulfilled more than 50% of the IMF’s requirements and received $10.2B from the IMF since the beginning of the war.
As Minister of Finance, Serhiy Marchenko noted: “The Government of Ukraine, the National Bank of Ukraine, and other authorities have so far implemented 23 structural beacons out of 37 stipulated by the IMF.” Among them, 14 implemented beacons are related to the fiscal sector. Ukraine’s… Continue Reading
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The German government has confirmed that it has earmarked half the amount for military aid to Ukraine in the 2025 budget, counting on income from the Russian assets.
In its draft budget for 2025, Germany will provide €4B for military aid to Ukraine, calculating that Kyiv’s needs for military support will be covered mainly by interest from the frozen assets of the Russian Federation, noted the First Deputy Spokesperson of the Federal Government,… Continue Reading
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The Ministry of Defense explained where the additional almost ₴500B from the state budget will be allocated.
In a draft law on increasing state budget expenditures in 2024 approved by the Cabinet of Ministers, which the parliament must approve, financial support for the security and defense sector is expected to increase by ₴495.3B ($12B), the Ministry of Defense reports. As noted, the funds are… Continue Reading
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A Turkish company built a ₴400M plant for energy equipment production in the Kyiv region.
In Belogorodka, Kyiv region, the construction of the Dalgakiran Compressor Ukraine plant of the Turkish energy company Dalgakiran was completed. The total amount of investment is approximately ₴400M ($10M), and the new business will create 50 jobs. Dalgakyran Compressor Ukraine specializes in… Continue Reading
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Russia categorically rejects the Ukrainian Peace Formula and welcomes the position of the US Republican vice-presidential candidate on Ukraine.
The Minister of Foreign Affairs of the Russian Federation, Serhiy Lavrov, said at a press conference at the United Nations that the discussions regarding the second Peace Summit and the Ukrainian Peace Formula were “absolutely unacceptable” for the Kremlin. “Talking about what the… Continue Reading
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The Kremlin is preparing the Russians for another decade of war.
The ISW emphasized that negotiations with Russia are impossible as long as its terms include the destruction of Ukraine. Russian state news agencies published comments by the Deputy Chairman of the Russian Security Council, Dmitry Medvedev, who hinted that the Ukrainian state would no longer… Continue Reading
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Ursula von der Leyen has retained her position as head of the EC, and she promises to create a European Defense Union and support Ukraine on its way to joining the EU.
The European Parliament re-elected Ursula von der Leyen as the head of the European Commission for another five years. While campaigning, she promised to do much more in the field of defense if she remained in office. The official vowed to build a European Defense Union, create a new position… Continue Reading
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Ukraine is trying for the second time to restructure more than $20B in Eurobonds.
A group of Ukrainian bondholders has signed non-disclosure agreements to begin a second round of formal talks with the Ukrainian government to restructure more than $20B in debt. Negotiations started this week before the end of the moratorium on Ukrainian coupon payments on August 1. In June,… Continue Reading
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Russia has exhausted its stockpile of Soviet-era weapons, which will force the aggressor to go on the defensive.
Despite the talk of Russia having put its economy on a war footing, it is no longer able to compensate for the large losses of tanks, armored infantry vehicles, and artillery it has incurred in the war with the reserves accumulated during the Soviet era. Although these reserves are vast, they… Continue Reading
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While its partners are providing promised military aid, Ukraine is expanding its drone use.
Ukraine’s allies plan to provide Kyiv with nearly 500,000 artillery shells by the end of the year through the Czech artillery initiative. Other munitions are available and could be supplied to Ukraine, said Danish Prime Minister Mette Frederiksen. Also, France is preparing a new military aid… Continue Reading