Over 14 years, Ukraine aims to develop two major funds. The first, the $540B Ukraine Fund, is based on the World Bank’s estimate of rebuilding costs and will be managed by Ukraine. It will be financed through confiscated Russian assets and a special tax on Russian raw…
Category: 9. Business
-
This year, Ukraine will allocate 26% of its GDP to defense, with external financing needs exceeding $40B for next year.
During the 14th meeting of the Ukrainian Donor Platform’s Steering Committee within URC2025, Prime Minister Denys Shmyhal stated that by the end of June the government had submitted amendments to the state budget law, including nearly $10B more for defense. “The…
Continue Reading
-
The Ukrainian parliament is drafting a bill on arms exports.
According to Kateryna Mykhalko, the executive director of the Technological Forces of Ukraine, the Verkhovna Rada is working on legislation that will create a framework to regulate this process. She believes Ukrainian arms exports will be opened if the president declares…
Continue Reading
-
Trump is prepared to approve new sanctions against Russia but demands greater authority to lift them.
US President Donald Trump is ready to sign a sanctions bill targeting Russia. However, he will only do so if the bill is amended to grant him more control. The current bill allows the president to lift 500% tariffs on countries that purchase Russian oil and uranium for…
Continue Reading
-
During the war, Ukraine has commissioned 258 MW of new wind farms, with 50% financed by international investors.
The country is building over 700 MW of wind capacity and more than 200 MW of energy storage systems (BESS), said Andriy Konechenkov, Chairman of the Ukrainian Wind Energy Association (UWEA) at URC2025. He noted that between 2022 and the first quarter of 2025, Ukraine…
Continue Reading
-
Putin will not sacrifice his objectives in Ukraine to improve relations with Trump and is expected to breach Ukrainian defenses in the upcoming months.
Vladimir Putin continues to ignore President Trump’s disappointment and push forward in Ukraine with renewed intensity, ignoring new pressure from the US potentially being applied. The Russian dictator believes Russia’s battlefield advantage is growing, and that…
Continue Reading
-
Kellogg: International partners should help Ukraine in rebuilding with a new Marshall Plan.
During a discussion organized by the Yalta European Strategy (YES) on the eve of URC2025, US Special Envoy Keith Kellogg recalled how, after World War II, the US launched the Marshall Plan for Europe. “I think we should do the same for Ukraine. This will be a very…
Continue Reading
-
By fall, Russia will be able to launch more than 1,000 drones at a time at Ukraine.
Another raid on Kyiv has caused significant damage to infrastructure and killed civilians. The Russian military is increasing its production of kamikaze drones in order to intensify its strikes on Ukrainian territory. It is expected that in the coming months, Russia will…
Continue Reading
-
Hungary opposes the €100B EU fund for Ukraine, and Poland threatens to close the main Ukrainian aid logistics hub.
Hungary has rejected the EU’s proposal to establish a €100B fund to support Ukraine, arguing that backing such an initiative would amount to “financing war.” This statement was made by an advisor to Hungarian Prime Minister Balázs Orbán. According to him, the…
Continue Reading
-
EFI Group has secured equipment suppliers for Ukraine’s first float glass plant.
The investor has signed an agreement with European equipment providers for the construction of NovaSklo, Ukraine’s inaugural float glass facility, which is planned to start operations by 2028 with an investment over €240M. The project has agreements with German…
Continue Reading