Category: 9. Business

The bloc will not independently reduce the price ceiling for Russian oil from $60 to $45 per barrel, as this initiative is unlikely to gain support from the G7 countries. The proposal to lower the price ceiling was previously included in the draft of the 18th package of…

In 2024, UMGI’s portfolio companies demonstrated significant growth, generating $262.21M in gross revenue, nearly 1.5 times higher than the previous year. That year, the private equity firm focused on strategically supporting its current portfolio, expanding its…

Sales of premium real estate in Ukraine have decreased by half. Prices for luxury apartments in Kyiv have also declined by 30-50%, while construction costs have risen, said Artur Mkhitaryan, CEO of the Taryan Group development company. While speaking with regard to these…

The US House Appropriations Committee approved the defense budget for the 2026 fiscal year, maintaining defense spending at 2025’s level and refusing to allocate an additional $300M for aid to Ukraine. Consequently, US defense spending in 2026 will total $832B….

Russia is prepared to continue direct negotiations with Ukraine after June 22, Russian President said during a 50-minute telephone conversation with US President Donald Trump. Trump, in turn, emphasized his interest in ending Russia’s war against Ukraine as soon as…

According to Ukrainian President Volodymyr Zelenskyy, the maximum depth of the fighting is currently seven km from the border of the Sumy region. However, the Russian advance in the region has been stopped, and the village of Andriivka is back under the control of the…

As of June 1, Deputy Defense Minister Anatoly Klochko stated that Ukraine’s missile program for 2025 is 47% complete. Funding sources for the development of the weapon come from the state budget, contributions from enterprises interested in the missile sector, and…

The EU and its G7 allies seek to gain the US’ consent to lower the ceiling price for Russian oil from $60 to $45 per barrel at the summit planned for June 15-17 in Canada, according to EU Special Representative for Sanctions David O’Sullivan.

“While I understand…

The European Commission plans to ban liquefied natural gas terminals in the EU from providing services to Russian companies starting January 1 2026. A transition period has been established for existing short-term contracts until June 17 2026, with long-term contracts…

During a meeting in Rome, the foreign ministers of Poland, France, Germany, Italy, Spain, and the UK, along with the EU High Representative, expressed their willingness to intensify pressure on Russia to compel it to agree to a ceasefire.

“We highly appreciate…