Category: 9. Business

The head of EU diplomacy, Josep Borrell, said that the main topics in the G7 foreign ministers’ meeting in New York were the support of Ukraine before the approach of winter and the avoidance of a major humanitarian crisis. “Putin is trying to achieve through energy collapse what he can’t… Continue Reading

In order to finalize a $50B loan for Ukraine, secured by frozen Russian assets, the EU and the G7 countries must make a political commitment to participate in this initiative at the end of October, said Vice President of the European Commission Valdis Dombrovskis. “This will allow all… Continue Reading

According to monitoring by the RRR4U consortium, the parties agreed on the successful fifth revision of the current cooperation program in early September. Soon, a decision from the Board of Directors of the IMF is expected, who must approve the provision of a $1.1B credit tranche to Kyiv. In… Continue Reading

A generation deficit in winter and blackouts are unavoidable, and in the best-case scenario, there will be no electricity for up to five hours a day, said DTEK. And this is provided that Russia inflicts no further damage on the power system and temperatures do not drop below -15 degrees. The… Continue Reading

Since the start of the full-scale war, Russia has generated almost €800B from the sale of energy resources, of which €33B has been paid by EU countries for Russian LNG. The Center for Economic Strategy believes that Russian gas income can be significantly reduced with customs duty…. Continue Reading

The VITAGRO group of companies, with assets in the agricultural, energy, processing, construction, and chemical industries, supplied biomethane into Ukraine’s gas transportation system, which will start the export of Ukrainian biomethane. “This is the first and only such event in… Continue Reading

One of the largest arms manufacturers in Europe, the French-German conglomerate KNDS, has opened a branch in Ukraine, as announced by the defense ministers of France and Germany in March. KNDS Ukraine is based in Kyiv and will be engaged in the maintenance and repair of KNDS weapons: Leopard 1… Continue Reading

Estonia intends to restructure its military aid to Ukraine so that it is dominated by products from its domestic enterprises to provide support for the Estonian military industry, the country’s Defense Minister, Hanno Pevkur, said. In 2024, Estonia transferred €100M in military aid to… Continue Reading

According to the director of Ukrainian Armored Vehicles, Vladyslav Belbas, the manufacturer received only one proposal from a Western company in three years, which was to build a €20M plant to process nitrocellulose into gunpowder for. The output would be about 600 tons of gunpowder per year,… Continue Reading

In August and September, Ukraine usually ships grain actively in all directions. But this year, ports and oil storage facilities are empty due to several factors that have affected the logistics market, according to brokerage company Spike Brokers. “This year, we expect the lowest export of… Continue Reading