Category: 9. Business

US President Donald Trump’s surprise move to impose sanctions on Russia’s largest oil companies will not cripple Vladimir Putin’s war machine, but it will help the EU eliminate Russian oil dependency. Rosneft and Lukoil account for about 66% of Russia’s daily 4.4…

US Treasury Secretary Scott Bessent responded to Russian special representative Kirill Dmitriev, who claimed the sanctions “will have no impact on the Russian economy”. Bessent stated that oil finances the Russian military, and there’s potential to significantly…

The president of Ukraine specified that the situations in Gaza and Ukraine are different, but he is ready to work on a short plan “with several points”, which will include, in particular, a ceasefire. “We decided to work on it within the next week or 10 days”,…

The participation of the American-Ukrainian Fund in subsoil development projects greatly enhances interest from other investors, and each dollar of public funding can attract up to $8 in private investment, explained Deputy Minister of Economy Yegor Perelygin….

Following a Russian missile attack on Kyiv on October 25, an office and warehouse belonging to Optima-Pharm, one of the largest pharmaceutical distributors in Ukraine, were destroyed. The warehouse, covering 29,000 square meters, was completely destroyed with an…

Swedish defense firm Saab is exploring the possibility of opening a factory in Ukraine to produce Gripen fighters. “During a war, it’s not easy, but it would be great to have at least final assembly and testing of the aircraft in Ukraine, and later, possibly, partial…

Prime Minister Donald Tusk said: “President Zelenskyy told me that he hopes the war won’t last 10 years, but Ukraine is ready to fight for another two to three years”.

Tusk expressed confidence that Ukraine would maintain its independence but highlighted concerns…

The fifth meeting of the Steering Board of the Ukraine Investment Framework (UIF) took place in Belgium, involving representatives from EU nations, Ukraine, Norway, and international financial bodies. The Ministry of Economy highlighted Ukraine’s main investment…

Last week, the US imposed sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, in order to weaken Moscow’s ability to fund its military efforts. The sanctions mean that companies buying Russian oil risk losing access to the dollar-based financial…

According to ICU, last week the price of Ukrainian GDP warrants surpassed 84.5 cents per dollar of notional face value. This is the highest price since February 2025, when prices rose on optimistic hopes for a quick end to the Russian war in Ukraine through Trump’s…