The U.S.'s planned sanctions would aim at targeting tankers carrying Russian oil above the imposed price cap and individuals working in schemes to sell crude above the cap, Reuters reported.
Some 1,500 high-rise buildings in Transnistria are currently without heating and hot water, and nearly 72,000 homes are without gas.
Slovakia's state-controlled transmission system operator SEPS said it will continue supplying electricity to Ukraine as part of an emergency assistance contract.
Moldova had previously offered to assist the Russian-occupied region in securing gas via European platforms to mitigate the energy crisis. Transnistrian officials rejected the offer, saying they believe Gazprom will resume Russian gas supplies.
Ukraine, a global agricultural powerhouse, exported 78.3 million tons of products in 2024, including grains and sunflower seeds critical to markets across Africa and Asia.
The protest follows a series of demonstrations by Polish farmers against Ukrainian agricultural imports after the EU lifted tariffs on goods from Ukraine in 2022.
Editor’s Note: This is issue 159 of Ukrainian State-Owned Enterprises Weekly, covering events from Dec. 15-22, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Updated IMF Memorandum. On Dec. 20, the International Monetary Fund (IMF) published an updated Memorandum of Economic and Financial Policies
Editor’s note: This is issue 7 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Dec. 23-Dec. 31, 2024. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial
The rise in gas prices to 51 euros per megawatt-hour is the highest since October 2023.
Putin told the government and state-owned Sberbank to "ensure further cooperation with the People's Republic of China in technological research and development in the field of artificial intelligence."
Russian Gazprom's decision to halt gas supplies to Moldova resulted in a heating outage in the Russian-controlled region of Transnistria, prompting Chisinau to seek alternative sources of electricity.
European infrastructure allows for the flow of gas from other countries, a European Commission representative said.
This comes a month after President Volodymyr Zelensky signed off on a major tax increase bill on Nov. 28 in a bid to plug Ukraine’s budget deficit.
Ruslan Kravchenko, the governor of Kyiv Oblast, and Filip Pronin, the governor of Poltava Oblast, were dismissed on Dec. 30 and are expected to be appointed to new positions soon.
Ukraine will quadruple gas transit tariffs for its domestic customers starting Jan. 1 when a deal to transport Russian gas through Ukrainian pipes expires, the National Energy Regulatory Commission said during a meeting on Dec. 30.
Preliminary data shows that Ukraine’s exports grew by more than 13% over the past year, primarily due to stabilizing the functioning of Ukrainian seaports, Economy Minister Yuliia Svyrydenko said on Dec. 30.
Editor’s Note: This story was sponsored by the United Nations Development Programme (UNDP) in Ukraine. When a sapper with the call sign "Boroda" asked his friends, the founders of the Rovertech company, to create something for demining, and provided them with his own sketch, they seized on the idea.
Ukraine's largest telecommunications operator, Kyivstar, signed an agreement to become one of the first countries with access to Starlink's direct-to-cell service, the telecom operator announced on Dec. 30.
As a direct participant in the process of establishing the new regulatory framework, I wish to initiate a public debate on the biggest challenge facing Ukraine’s financial services market: the lack of consistency in the institutional capacity of financial regulators — an issue made more pressing by ongoing military challenges.
"Despite Russia's attempts to destroy our energy system during the war, we have won another victory on the energy front," Andriy Yermak, head of the Presidential Office, said on Dec. 28.
Russia's energy giant Gazprom claimed the decision was related to Moldova's outstanding debt, not problems with transit via Ukraine.
Editor’s note: This is issue 6 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Dec. 16-Dec. 22, 2024. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial
The aid aims to help alleviate a looming food crisis following the collapse of the Russia-backed regime of former Syrian President Bashar al-Assad on Dec. 8 amid a large-scale rebel offensive.
"(M)embership in BRICS will benefit Thailand by promoting trade, investment, food and energy security," Thai Foreign Ministry Spokesperson Nikondet Phalangkun said on Dec. 26.
Russian shoppers continue to access luxury Western brands despite sanctions imposed after the full-scale invasion of Ukraine, The Financial Times reported on Dec. 26.
Inflation in Russia has reached its highest levels in nearly a year, driven by war spending and rising food prices, The Moscow Times reported on Dec. 25, citing Russia's Federal State Statistics Service (Rosstat).
Russian companies are increasingly using Bitcoin and other digital currencies for international payments in response to Western sanctions, Reuters reported on Dec. 25.
The declaration comes after President Volodymyr Zelensky confirmed during a press conference on Dec. 19 that Ukraine would not extend the transit agreement for Russian gas through its territory, which is set to expire on Dec. 31.
"The Russians have a systemic problem. It is quite expectedly reflected in the general condition of their fleet," Ukrainian Navy spokesperson Dmytro Pletenchuk said on Dec. 24.
According to reports, 14 crew members were rescued, and two remain missing.
Ukraine's National Securities and Stock Market Commission announced on Dec. 23 that it will prohibit the withdrawal of foreign issuer securities, with the ban taking effect on Jan. 1.
Moldova enacted a state of emergency, as the country gears up for an energy crisis at the start of 2025 following the end of Ukraine's obligations to transport Russian gas through its territory. Moldova, and especially the country's breakaway region of Transnistria, will be hit the hardest following the end
The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.
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