Category: 9. Business
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In one of its most brutal and bloody attacks yet, Russia struck a children’s hospital in Kyiv, an industrial enterprise in Kryvyi Rih, as well as other cities and regions.
On the morning of July 8, Kyiv and other cities in Ukraine were hit by eight missiles out of the 38 launched by the terrorist state. A Russian rocket hit the Okhmatdyt Children’s Hospital in the center of Kyiv, killing several people and wounding dozens, including children. Also, in the… Continue Reading
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The NBU has assessed the consequences of the continuing electricity shortage: The demand for workers is falling, the number of emigrants is increasing, and economic activity is weakening.
In Ukraine, economic activity weakened in June, and entrepreneurs worsened their business expectations, primarily due to prolonged power outages and a lack of workers in the labor market, according to the NBU’s macroeconomic review. These factors hurt the food industry, particularly bread… Continue Reading
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The White House is in no hurry to increase pressure on the Russian shadow fleet due to a possible negative impact on the cost of energy carriers on the eve of the elections.
Officials at the US Treasury Department have proposed new restrictions designed to halt a fleet of aging oil tankers that help transport Russian oil in defiance of international sanctions. However, as the NYT notes, those efforts have been hampered by White House concerns about how it would… Continue Reading
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Britain will provide Ukraine with a hundred high-precision Brimstone missiles and the Netherlands contributes an additional Patriot system.
The new UK Defense Secretary, John Healey, promised to support Ukraine in the Russian war during his visit to Odesa. After meeting with President Zelenskyy, Healy announced a new military aid package that includes 250,000 rounds of 50-caliber ammunition, 90 Brimstone anti-tank missiles, 50… Continue Reading
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Ukraine must continue to target Russian oil refineries in order to weaken the aggressor’s economy.
This year, Ukraine has struck at least 20 oil facilities in Russia with its drones. According to analysts, as of the end of March these strikes have reduced the production of light petroleum products by at least 1.7 million tons per month, worth approximately $1.5B. As of May, drone strikes had… Continue Reading
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Ukraine and Poland signed a security agreement to help intercept Russian missiles and drones.
On July 8, Ukrainian and Polish officials signed a bilateral security agreement in Warsaw. Among the document’s key provisions is Poland’s obligation to provide several packages of military aid by the end of the year and to continue such support during the 10 years of the agreement. Warsaw… Continue Reading
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The EU severely overestimated its ability to produce 155-mm projectiles for Ukraine.
A study shows that as of June, the EU has provided Ukraine with 50% fewer shells than promised, and those have seen significant delays. In the spring of this year, the European Commission announced that the European capacity to produce 155-mm projectiles reached one million per year in January…. Continue Reading
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Ukraine has lost the capacity of Europe’s largest nuclear power plant for a decade.
The Zaporizhia nuclear power plant will be able to be restarted only seven to eight years after liberation, as it depends on the reconstruction of the Kakhovka hydroelectric power plant, said Prime Minister’s adviser Yuriy Boyko. “The construction of the hydroelectric power station will… Continue Reading
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Poland is ready to produce electricity for Ukraine at its TPPs.
Polish Prime Minister Donald Tusk proposed using Polish coal-fired power plants to generate energy for Ukraine’s needs. “Currently, we are working to burn Polish coal, which we currently have a lot of, and not pay for the emissions from this, and to send the electricity produced by Polish… Continue Reading
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Famous international brands are slowly but steadily returning to Ukraine.
The Danish company JYSK and the multi-brand company Argo were among the first to adapt to the new wartime realities of operating in Ukraine when they opened stores as early as March 2022. In April, the Polish retailer LPP resumed operations. In May, the French chain of sports stores Decathlon… Continue Reading