US Treasury Secretary Scott Bessent stated during a congressional hearing that in two decades, Ukraine’s economy could exceed that of Russia’s. He believes that a stable Ukrainian economy will provide the best long-term defense for Ukraine, a view also shared by US…
Category: 9. Business
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The G7 summit’s participants will discuss lowering the Russian oil price cap to $30.
Among the topics on the table at the G7 summit, which will take place from June 15 to 17 in Canada, is a proposed price ceiling for Russian oil at $30 per barrel, according to Alexander Khara, an expert at the Center for Defense Strategies.
“We expect more pressure on…
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The US Secretary of Defense recognizes Russia as the aggressor, but does not support Ukraine’s victory.
Pentagon chief Pete Hegseth, speaking in front of a Senate committee, stated that Russia is the aggressor in the war against Ukraine. However, he refused to directly support Ukraine’s victory, noting that in his opinion what is the best for US interests is a peaceful…
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A dry port will be constructed in Western Ukraine, near the border with Poland.
Ternopil company Weststar Group plans to build a dry port in Volyn, which will be situated near the railway on plots covering nearly 35.6 hectares, and access tracks will be developed for it. Weststar Group is part of the Ternopil group of companies Western Container…
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Resulting from its focus on trade with the EU, Ukraine has lost its wheat markets in Asia and Africa.
It has practically lost these markets while concentrating on exporting its products to Europe, writes Latifundist, referring to Ukrainian traders.
“We have lost 70% of the Egyptian market. All Ukrainian exporters have reoriented to Europe. We have lost not only the…
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Several shopping malls are set to open in Lviv within two years.
These include compact malls in residential areas and multifunctional complexes featuring cinemas, swimming pools, and recreational spaces. For instance, the Galas shopping mall, with an area of over 13,000 square meters, will launch in the third quarter of 2025….
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How are Ukraine’s cities and regions being reconstructed and revitalized?
Ukrgasbank, a state-owned entity, has issued a loan of ₴650.5M ($15.5M) to the Lviv City Council to fund a significant initiative focused on the sustainable growth of urban infrastructure. These funds are designated for the enhancement of facilities in education, healthcare, culture, and…
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The Ukrainian government gives its support to a €140M investment project for the construction of an all-season mountain resort in the Lviv region.
On Thursday June 12, two special investment agreements were executed between the Cabinet of Ministers, the Slavsky Village Council (Lviv region), and investors – the Slavsky and Rozhanka Park companies. These companies will implement the investment project, totaling…
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Serbian President Aleksandar Vucic traveled to Odesa for a regional summit on Wednesday.
This is the first time the Moscow-friendly leader has visited Ukraine during his 12 years in office. Senior officials from 12 Southeastern European nations joined the summit, hosted by President Zelenskyy. During the meeting, Vucic, who has met Zelenskyy at least three…
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The EC has officially introduced its 18th sanctions package targeting Russia.
This set of EU sanctions includes proposals to impose restrictions on nine individuals and 33 legal entities, focusing on Russian and foreign firms that assist the military-industrial complex, including the Russian Direct Investment Fund. Moreover, it seeks to impose…
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