On October 22, the United States announced sanctions on major Russian oil companies and urged Moscow to immediately agree to a ceasefire. The sanctions were introduced in response to Russia’s disinterest regarding the peace process. This move increases pressure on…
Category: 9. Business
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Trump canceled his meeting with Putin in Budapest, but the summit might still happen at a later date.
US President Donald Trump canceled a meeting with Vladimir Putin, which was supposed to take place in Budapest, due to Putin’s refusal to work toward an end to the war. However, Trump expects to hold this meeting later, when Russia shows more willingness to discuss…
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The US Senate has approved three crucial bills in support of Ukraine.
The Senate Foreign Relations Committee has endorsed these important bills aimed at increasing pressure on Russia and assisting Ukraine, Ukrainian Ambassador to the US Olha Stefanishyna reported. The first bill would label Russia as a state sponsor of terrorism if it does…
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The NBU has kept the key policy rate at 15.5% for the fifth consecutive time and has lowered its forecast for Ukraine’s GDP growth.
The National Bank of Ukraine decided to maintain the discount rate at 15.5%, explaining that despite declining inflation, inflation expectations remain high, and pro-inflationary risks are rising due to increases in energy deficits and government spending needs. The…
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Piraeus Bank has joined an initiative that supports entrepreneurs which involves issuing state guarantees across a portfolio.
The Cabinet of Ministers approved a draft resolution to provide these guarantees, offering nearly ₴15B ($357M) to 17 banks that successfully completed the selection process. These banks include Piraeus Bank, Oschadbank, Ukreximbank, Ukrgasbank, PrivatBank, FUIB,…
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Belgium threatens to block Kyiv’s reparation loan and sets certain conditions for it to be issued.
Belgian Prime Minister Bart De Wever has outlined the requirements that the European partners must meet before a decision is made to provide Ukraine with a reparation loan backed by frozen Russian assets, a significant portion of which is held in the Belgian Euroclear…
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Kyiv has outlined its priorities for distributing reparation loan funds.
The EU’s €140B reparation loan to Ukraine, secured by Russian assets, could cover €40B ($46B) of Ukraine’s $60B budget requirements for 2026-2027, while the remaining €100B is designated for defense, said Vladyslav Rashkovan, Ukraine’s IMF envoy. He explained…
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What steps will unlock the potential of Ukraine’s mining industry?
The Ukrainian mining sector holds significant promise and has deposits of 24 out of 34 critical EU minerals, including lithium, graphite, and titanium. Although Ukraine’s investment attractiveness remains very low due to the war, the relevant index rose last year to…
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The financial sector, LNG, and the shadow fleet: The EU has adopted its 19th package of Russian sanctions.
The new EU sanctions target banks and cryptocurrency exchanges that Russia employs to bypass previously imposed restrictions. They also impact organizations in third countries, including India and China, that assist Russia in acquiring critical goods and technologies…
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Due to Russian strikes on energy infrastructure, Ukraine has had to suspend gas storage.
At the start of this week, Ukraine halted the filling of underground gas storage facilities amid the shelling of energy sector facilities and because of the suspension of imported gas supplies through Poland, according to the GTS Operator of Ukraine. As a result, on…
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