Category: 9. Business

Mauro Longobardo, CEO of metallurgical giant ArcelorMittal Kryvyi Rih, said that the company is recovering from the losses of the previous two years but has not yet broken even. In 2024, the plant lost more than $50M due to the war and had no choice but to change the… Continue Reading

According to the NBU, Ukraine is expected to receive about $42B in international financing for 2024, $38B in 2025, and $25B in 2026. By the end of 2024, Ukraine will receive $4.8B under the SPUR program and administered through the World Bank, supported by $1.6B in US… Continue Reading

Small and medium-sized enterprises (SMEs) are the backbone of Ukraine’s economy, creating jobs and providing much-needed goods and services. Because of the war, commercial lending in Ukraine has become more risk-averse, and SMEs lack access to the financing needed to… Continue Reading

This week, the European Parliament is preparing to adopt a resolution calling for more “targeted” measures against the Russian Federation’s shadow fleet. Russia’s continued evasion of sanctions provides income and creates the risk of an environmental disaster…. Continue Reading

The EFI Group plans to build the glass factory in the spring of 2025. “This is a very complex project; we have been working on it for two years. I hope that by the end of the year we will be able to announce the start of construction,” according to the company. The… Continue Reading

The Kremlin is discussing the possibility of uniting Russia’s largest oil companies into one megastructure. This would entail Rosneft taking control of Lukoil and Gazpromneft. The deal would significantly strengthen Putin’s control over global energy markets and… Continue Reading

After the start of the full-scale war and mass emigration in Ukraine, the working population decreased from 18 to 14 million people, said economist and member of the Economic Discussion Club, Oleg Pendzyn. He said that 6.5 million people work legally and pay taxes, and… Continue Reading

Russian dictator Putin is trying to influence the foreign policy of US President-elect Donald Trump and achieve a reset of relations between Russia and the US on Moscow’s terms. The ISW pointed to new statements by the Russian dictator, which he made at the annual… Continue Reading

The United States is ready to support negotiations between Ukraine and Russia if President Volodymyr Zelenskyy expresses his readiness to do so, said Matthew Miller, spokesperson for the US State Department. “This has been our long-standing policy that President… Continue Reading

Pentagon deputy spokesperson Sabrina Singh confirmed the US’ commitment to continue military aid to Ukraine until the end of the current Biden administration. In particular, the presidential aid packages and the USAI (Ukraine Security Assistance Initiative) will remain… Continue Reading