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Court seizes over $1 million in crypto assets from former state communications head
Ukraine's High Anti-Corruption Court (HACC) has ordered the seizure of cryptocurrencies totaling $1.5 million from Yurii Shchyhol, the former head of the State Special Communications Service, the court announced on Nov. 30.
Ukraine designates Belgian gas company Fluxys as 'international sponsor of war'
Belgian gas company Fluxys has been added to the list of "international sponsors of war" for its involvement in the Russian liquefied natural gas (LNG) trade, Ukraine's National Agency on Corruption Prevention (NACP) announced on Nov. 30.
Slovakia to extend, expand ban on Ukrainian agricultural products
The Slovak government plans to extend and expand the ban on Ukrainian agricultural products, according to an Agriculture Ministry proposal that was approved on Nov. 29.
Ukraine's audit agency says state-owned energy company Centrenergo in 'state of crisis'
An audit by Ukraine's State Audit Service of the state-owned energy company Centrenergo found a number of financial discrepancies, as well as lengthy and unjustified delays on repair work for damaged energy infrastructure, the agency said on Nov. 29.
Minister: Microsoft to provide free cloud services to Ukrainian government for another year
So far, Microsoft has provided Ukraine with $540 million in free services, technical support, equipment, and grants, Digital Transformation Minister Mykhailo Fedorov said.
FT: EU reshipping over 20% of Russian LNG imports to other parts of the world
Europe is reshipping 20% of its imports of Russian liquefied natural gas (LNG) to other parts of the world, helping Russia maximize its fossil fuel revenues, the Financial Times reported on Nov. 29.
Multi-year synchronization project between Ukrenergo, European power operators completed
The project to synchronize the state grid operator Ukrenergo to its counterparts in continental Europe has been completed, the European Network of Transmission System Operators for Electricity (ENTSO-E) reported on Nov. 28.
‘We have to speed up:’ European Investment Bank head Hoyer calls for swift reconstruction of Ukraine
Werner Hoyer, the head of the European Investment Bank (EIB), and its vice-president Teresa Czerwinska visited Kyiv on Nov. 27 to announce a new 450-million-euro package ($493 million) to Ukraine and inaugurate the bank’s new regional hub in the capital. The sum, approved by the EIB on Nov. 15,
Economy Ministry launches accelerator for demining startups
Ukraine has launched an accelerator program in cooperation with the Kyiv School of Economics for startup companies that focus on humanitarian demining, the Economy Ministry announced on Nov. 27.
Russia puts Meta spokesperson on wanted list
The Russian Interior Ministry's database does not provide details on Meta Spokesperson Andy Stone's alleged crimes. It states only that he is wanted on a criminal charge.
Ukraine state-owned enterprises weekly — Issue 111
Editor’s Note: This is issue 112 of Ukrainian State-Owned Enterprises Weekly, covering events from Nov. 18-24. The Kyiv Independent is reposting it with permission. Ukrainian SOE Weekly is an independent weekly digest based on a compilation of the most important news related to state-owned enterprises (SOEs) and state-owned banks
Ministry: 2,100 trucks stuck at Ukraine border due to Polish blockade
As a result of Polish haulers blocking Ukrainian border crossing points, around 2,100 vehicles are stuck, unable to get into Ukraine as of Nov. 26, Ukraine's Infrastructure Ministry said in an update.
Sales of Ukrainian-made goods skyrocket during retailer Rozetka's Black Friday sale
Ukrainian customers brought 70% more goods manufactured in Ukraine from the online retailer giant Rozetka in the first days of the company's Black Friday sale compared to the previous week, Interfax Ukraine reported on Nov. 24.
Ukraine removes 3 Greek companies from 'international sponsors of war' list
Ukraine's National Agency on Corruption Prevention (NAZK) removed three Greek shipping companies from the international sponsors of war list after they stopped shipping Russian oil, the NAZK announced on Nov. 24.
Naftogaz signs 200-million-euro loan with EBRD
The European Bank for Reconstruction and Development (EBRD) will lend 200 million euros ($218 million) to Ukraine’s state-owned energy giant Naftogaz to help build up its strategic gas reserves, the EBRD announced on Nov. 23.
Ukraine Business Roundup — November 21
The following is the Nov. 21, 2023 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Persisting protests Polish protests blocking three major Poland-Ukraine border crossings have now stretched into their third week, negotiations
Media: Court launches bankruptcy case against Ukraine International Airlines
The Ukrainian state-owned bank Ukreximbank filed a lawsuit against the airline on Oct. 31, Forbes Ukraine said, adding that the company currently held Hr 20.5 billion ($568 million) in debt.
Forbes cancels sale deal allegedly linked to Russian oligarch
The parent company of Forbes magazine is no longer going forward with a sale to billionaire Austin Russell, linked by the media to Russian oligarch Magomed Musaev, Bloomberg reported on Nov. 21.
Border Guard: Slovak haulers block checkpoint at Slovakia-Ukraine border
Slovak haulers began to block the movement of trucks at the Vysne Nemecke checkpoint, Ukraine's State Border Guard Service spokesperson Andrii Demchenko told Ukrainska Pravda on Nov. 21.
Trucker protests: Unraveling the standoff between Polish and Ukrainian haulers
As Polish protests blocking three major Poland-Ukraine border crossings stretch into their third week, negotiations to bring an end to the blockade have all but failed. Exhausted drivers are stuck in massive lines on both sides of the border, with expected waiting times reaching over one month at the Yahodyn
Germany's exports to Russia in October decrease by more than 37% from past year
Germany's exports to Russia fell by 37.3% in October 2023 compared to October 2022, the Federal Statistical Office of Germany reported on Nov. 21.
AP: Cypriot president asks foreign experts to help with Russian sanction evasion investigations
Cypriot President Nikos Christodoulides told the Associated Press on Nov. 20 that he had invited financial crime experts from an unnamed third-party country to assist with investigations into the use of Cyprus as a means of circumventing sanctions against Russia.
Ukraine state-owned enterprises weekly — Issue 111
Editor’s Note: This is issue 111 of Ukrainian State-Owned Enterprises Weekly, covering events from Nov. 11-17. The Kyiv Independent is reposting it with permission. Ukrainian SOE Weekly is an independent weekly digest based on a compilation of the most important news related to state-owned enterprises (SOEs) and state-owned banks
Kyiv sends humanitarian team to help truckers stuck at Polish-Ukrainian border
The Infrastructure Ministry has launched a humanitarian effort to help truck drivers blocked at three Polish-Ukrainian checkpoints, Infrastructure Minister Oleksandr Kubrakov wrote on Facebook on Nov. 19.
New natural gas deposit discovered in Carpathians, Naftogaz says
Naftogaz, Ukraine's state-owned oil and gas giant, said on Nov. 17 that a new natural gas deposit was discovered in the Carpathians, offering what could be a promising outlook for Ukraine's domestic gas production amid war.
Energy giant DTEK calls for more air defense systems as winter looms
Ukraine needs more powerful air defense systems, such as Patriot and IRIS-T air defense systems, to better protect its critical infrastructure from Russian attacks, Maksym Timchenko, CEO of Ukraine's largest private energy company DTEK, said on Nov. 17.
Regional authorities: 'Dry port' for grain exports to be created in Zakarpattia Oblast
A logistical hub and dry port to export grain, named the Horonda Platform, will be created in the western Zakarpattia Oblast, the regional administration said on Nov. 16.
Forbes: Canada lifts sanctions on Russian billionaire following lawsuit
Canada's Foreign Ministry agreed to remove sanctions against Russian oligarch Oleg Boyko after he filed a lawsuit, Forbes Russia reported on Nov. 16.
Economic Security Bureau: 'More than 20% of grain exported through high-risk channels'
More than 20% of grain exported over the past nine months went through black market or risky informal channels, Ukraine's Bureau of Economic Security said on Nov. 16.
Media: Ukrainian oligarch Akhmetov borrowed $400 million from Russian bank
Ukraine's richest man Rinat Akhmetov allegedly borrowed $400 million from Russia's largest bank, Sberbank, the International Consortium of Investigate Journalists (ICIJ) said on Nov. 14, citing information obtained from leaked documents dubbed "Cyprus Confidential."
Ukraine Business Roundup — November 14
The following is the Nov. 14, 2023 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Rebuild Ukraine The Rebuild Ukraine conference isn’t Anatoly Sushon’s first expo since he got into the
Former US secretary of state to join Kyivstar board
Former U.S. Secretary of State Mike Pompeo will join the Board of Directors of Kyivstar, the largest mobile service provider in Ukraine, the company's parent company Veon announced on Nov. 14.
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