Category: 9. Business

The US administration is considering the possibility of imposing new sanctions on Russia, including high tariffs on Russian oil, gas, and export goods, in order to further weaken Moscow economically. However, President Donald Trump thinks that now is not the time for new…

The head of Ukraine’s Main Intelligence Directorate, Kirill Budanov, stated: “We have inflicted much greater direct damage on Russia than any economic levers of influence that have been introduced so far”. He emphasized that Western sanctions that have been placed…

The Kiel Institute reports that aid in July and August declined by 43% compared to the first half of the year. Most military aid now comes via the PURL program, supported by NATO allies including Belgium, Canada, Denmark, Germany, Latvia, the Netherlands, Norway, and…

According to The Economist: “Since the stabilization of the front line after Ukraine’s first counteroffensive in October 2022, it has hardly changed. Based on the last 30 days, it will take until June 2030 to capture the remaining parts of the four regions that Putin…

said Alfred Kammer, head of the IMF’s European Department. In contrast, Andriy Pyshny, head of the NBU, sees no reason to talk about the Ukrainian economy’s stagnation. According to him, the economy is gradually recovering with 0.8% growth in the first half of the…

During meetings in Washington between Ukrainian government officials and IMF representatives this week, progress was made toward approving Ukraine’s request for a new program, but there is still a lot of work to do, said Alfred Kammer, head of the IMF’s European…

The International Finance Corporation (IFC), part of the World Bank Group, will invest in Ukrainian insurance companies for the first time, NBU Chairman Pyshny stated. “This is an important message for Ukrainian insurers and international companies considering…

The EU plans to use €140B in frozen Russian state assets to fund a reparations loan for Ukraine. Most of these frozen assets are held in the Euroclear depository in Belgium, but another €25B is held in private bank accounts across Europe. Consequently, the European…

Approximately four million hectares of land are cultivated outside legal boundaries in Ukraine, leading to losses of approximately ₴24B ($570M) each year, said Deputy Minister of Economy Denys Bashlyk. This figure does not account for potential unpaid taxes or losses…

WEAGROBANK is designed to provide micro, small, and medium-sized agricultural enterprises with fast and easy access to banking services, all within a single digital platform. It will simplify financial management, reduce reliance on bureaucratic procedures, and make banking accessible even in…