Category: 9. Business

US President Donald Trump has signed an executive order that will raise tariffs on steel and aluminum imports from 25% to 50% effective June 4. As evidenced by the executive order, Trump has concluded that increasing the tariffs was necessary to regulate imports of steel…

The Ministry of Development and Trade announced: “The total Japanese humanitarian, technical, and financial support we have received is approximately $15B. We also intend to actively involve Japanese businesses in Ukraine’s restoration efforts.”

Both countries are…

Ruslan Shostak, the president of TERWIN Corporation and founder of EVA and VARUS, asserts that prior to the full-scale Russian invasion in 2022, Ukraine had roughly 17.3 million able-bodied citizens. Presently, about 4.8 million people have left the civilian labor market…

The Ukrainian drone raid deep inside Russian territory has provoked anger and concern among Kremlin officials, who recognize the vulnerabilities of their air fleet that is capable of carrying nuclear weapons. A recent operation targeting airfields in Siberia showcased…

Three Ukrainian companies are currently manufacturing these drones, which cost about $5,000, though some interceptors can be as inexpensive as $300 per unit, according to Oleksandr Kamyshin, an adviser to the Ukrainian president on strategic issues. For comparison, the…

According to the Ministry of Finance, this week a World Bank team, along with representatives from the Ministry of Finance and the Ukrainian government, will collaborate to finalize the key parameters of a new loan agreement from the IBRD to support the Fundamentals of…

DTEK has reached an agreement with a consortium of Ukrainian banks led by Oschadbank for this unprecedented financing aimed at modern energy storage systems in Ukraine. Three Ukrainian banks – Oschadbank, FUIB, and Ukrgasbank – will contribute approximately ₴3B…

The State Property Fund of Ukraine (SPFU) successfully conducted nine online privatization auctions from May 26 to May 30, raising ₴342.32M ($8.3M). On average, the value of the assets available at these auctions increased by 270%. The most expensive item was the state…

Head of the EC Ursula von der Leyen discussed coordinating sanctions against Russia with US Republican Senator Lindsey Graham in an effort to end the war. The US senator proposes introducing 500% duties on countries that purchase Russian oil, gas, and uranium….

A group of holders of GDP warrants in Ukraine issued a statement regarding the state’s default on these securities. The creditors noted that now Ukraine will be compelled to pay interest on the unpaid amount, said the Ad Hoc Group, which holds more than 30% of the…