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6:28 PM
Although a stopgap funding bill to prevent a U.S. government shutdown was passed on Sept. 30 without any provisions for aid for Ukraine, President's Office Head Andriy Yermak said on Oct 1 that it should not be construed as a change in U.S. support for Ukraine.
4:12 PM
Ukrainian drones successfully struck a helicopter base in Sochi and an aircraft factory in Smolensk on Oct. 1, according to reports by Russian Telegram channels and Ukrainska Pravda.
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7:27 AM
Russian forces launched another drone attack targeting Ukraine's southern oblasts overnight on Oct. 1. Ukraine's air defense downed at least 15 drones over Odesa and Mykolaiv regions, Natalia Humeniuk, spokesperson of Ukraine's Southern Operational Command, said on air.
6:50 AM
U.S. President Joe Biden signed a law averting a government shutdown that was set for midnight, according to the White House. Biden said that although the bill does not include financial assistance for Ukraine, he expects Speaker Kevin McCarthy "will keep his commitment to the people of Ukraine and secure passage of the support needed to help Ukraine at this critical moment."
5:49 AM
Following a passage of a bill to avoid a government shutdown, top U.S. Senate leaders issued a rare bipartisan statement affirming their commitment to Ukraine. They expect the Senate will work "to ensure the U.S. government continues to provide critical and sustained security and economic support for Ukraine."
4:36 AM
At least four explosions were heard in Kharkiv, city Mayor Ihor Terekhov said via his official Telegram channel in the early hours of Oct. 1. Two explosions were also reported in the city of Snihurivka in Mykolaiv Oblast, according to regional authorities.
5:50 PM
"Odesa is a beautiful historic city. It should be in the headlines for its vibrant culture (and) spirit," Borrell wrote on Twitter. "Instead, it marks the news as a frequent target of Putin's war."
5:15 PM
According to President Volodymyr Zelensky, he and Slovak Defense Minister Martin Sklenar discussed cooperation with Slovakia regarding the Ukrainian military's needs, the situation at the front line, and de-mining.

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Biden appoints Penny Pritzker as US representative for Ukraine's economic recovery

by Elsa Court and The Kyiv Independent news desk September 14, 2023 8:06 PM 2 min read
Penny Pritzker, former US secretary of commerce, speaks during the Semafor World Economy Summit in Washington, DC, on April 12, 2023. (Al Drago/Bloomberg via Getty Images)
This audio is created with AI assistance

U.S. President Joe Biden appointed Penny Pritzker, as the first-ever special representative for Ukraine’s economic recovery.

It's the "next step to help Ukraine forge a stronger future," the White House announced on Sept. 14.

Pritzker, an entrepreneur and former commerce secretary, has been appointed to the role due to her decades of experience in business, Biden said. Her family found a business empire, which includes the Hyatt hotel group.

Pritzker has "deep familial ties to Ukraine," he added.

Pritzker's tasks will include mobilizing foreign investments, supporting the re-opening businesses shut down by Russian attacks, and helping Ukraine grow its exports, Biden said.

Kenneth Rogoff: Europe must lead Ukraine’s reconstruction
Who should pay for Ukraine’s postwar reconstruction? Shortly after Russia’s invasion, my co-authors and I estimated that it would cost roughly €200-500 billion ($220-550 billion) to rebuild the country and called for Europe to spearhead the recovery effort. After more than 500 days of de…

Biden also said that the special representative will support the Ukrainian government make "reforms needed to strengthen its economy."

Pritzker plans to travel to Ukraine "in the coming weeks", the New York Times reported, to to meet with Ukraine's political and business leaders.

The appointment of Pritzker "demonstrates our commitment to strengthen Ukraine’s European future," U.S. State Secretary Antony Blinken said in his own statement.

Pritzker will "see to it that Ukraine not only survives but thrives, standing on its own," he added.

Reconstruction amidst ongoing Russian attacks was one of the topics on the agenda when Blinken visited Kyiv on Sept. 6.

At the Yalta European Strategy (YES) Conference in Kyiv on Sept. 8-9, Prime Minister Denys Shmyhal said that while the war is not over, “Ukraine’s economy has kept going, and reconstruction has started.”

The World Bank published estimates in March 2023 that the cost of Ukraine's reconstruction and economic recovery will be around $400 billion.

Ukraine Business Roundup — Issue 1
The following is the first edition of our new Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. International meeting in Kyiv Last Friday and Saturday, Ukrainian and foreign political and business leaders,…

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