Some Chinese banks Major Chinese are limiting payments for transactions with Russia due to concerns about U.S. sanctions, Reuters reported on April 29, citing unnamed trading and banking sources familiar with the matter.
Italy has overcome its dependence on Russian gas and will not oppose the proposed package of EU sanctions on liquified natural gas (LNG), Italian Energy Minister Gilberto Pichetto Fratin said on April 28.
More than 2,500 gambling websites that had operated without a license were blocked in Ukraine as of April 27, the Prosecutor General's Office reported.
Russia could seize assets and property of U.S. individuals held in Russia if Washington confiscates Russian sovereign assets, Dmitry Medvedev, the deputy chairman of Russia's Security Council, threatened on April 27.
The Naftogaz Group did not specify in what oblasts the targeted gas facilities were located, nor what the full consequences of the attack were.
Thirty-eight years after the Chornobyl disaster, Ukraine’s nuclear industry continues to produce around half of Ukraine’s power output and remains vital to keeping the country functioning. The share of energy output in Ukraine that comes from nuclear power is the third highest in the world after France and
Being majority-owned by the Russian state, dividends can be used to fund the full-scale invasion of Ukraine.
"This is an approach that could be broadly supported by countries that are concerned about the seizure of assets, and some of the interest could be brought forward through, for example, a loan," Yellen said.
"Instead of repeated statements about intentions to reduce and sell their activities in Russia, the Raiffeisen Bank International is the Western lender with the largest operations in Russia."
The contract will include Patriot air defense systems, artillery, drones, counter-drone weapons, and air-to-air missiles, and may be finalized as soon as April 26, the officials said.
Seventy-four percent of surveyed companies in Ukraine are experiencing a personnel shortage, according to a new study published by the European Business Association (EBA) on April 24.
EU Trade Commissioner Valdis Dombrovskis said earlier in April that the bloc is preparing its 14th round of sanctions against Russia, which should be adopted in spring.
The U.S. on April 20 became the first nation to adopt legislation green-lighting confiscating frozen Russian assets for Ukraine. President Joe Biden signed the REPO Act alongside a $95 billion foreign aid bill that included $61 billion for Kyiv on April 24, setting the legal basis for liquidating immobilized
The following is the April 23, 2024 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. Ukrainians cautiously celebrated the House finally passing further aid to Ukraine last Saturday. The moment was bittersweet — how
Along with many other Western companies, Hugo Boss suspended its retail operations in Russia after the beginning of the full-scale invasion of Ukraine in February 2022.
The EU approved the four-year Ukraine Facility in February, allocating 33 billion euros ($35 billion) in loans and 17 billion euros ($18 billion) in grants.
Airbus has been granted a waiver by the Canadian government, allowing it to continue using Russian titanium after Ottawa became the first Western nation to ban the metal in its latest package of sanctions targeting the Kremlin, Reuters reported on April 23.
Ukraine's parliament, the Verkhovna Rada, backed in the first reading on April 24 a bill strengthening the state's oversight over the gambling business, lawmaker Oleksii Honcharenko said.
Editor’s note: This is issue 52 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from April 15-22, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. World
The following is a chart based off of data originally published in the Kyiv-based Center of Economic Strategy's "Ukraine War Economy Tracker." The Kyiv Independent is republishing it with permission. Ukraine is forced to rely on electricity imports after Russian attacks Net commercial exports of electricity, MWh Positive net exports
The Kyiv Independent’s business reporter Dominic Culverwell explains how confiscating the assets could be used to help Ukraine and why it hasn’t happened yet.
Ukrainian grain exports decreased in March and are expected to further slow down this year amid lower supply and smaller harvest predictions. Grain exports amounted to 5.2 million metric tons in March, down from 5.8 million metric tons the month before, according to various estimates. After Kyiv set
Hungarian Foreign Minister Peter Szijjarto's latest complaint against Ukraine was in relation to allegations that the country was planning to revoke several of the distribution permits for medicine from the Hungarian pharmaceutical company Richter.
Washington hopes they will allow Secretary of State Antony Blinken to arrive armed with diplomatic leverage on a visit to China this week, in a push to stop Beijing's commercial support of Russia's military production.
Ukraine's largest private energy company, DTEK, announced on April 22 that it requires $350 million to recover the lost capacity caused by Russia's attacks on thermal power plants.
Editor’s Note: This is issue 128 of Ukrainian State-Owned Enterprises Weekly, covering events from April 13-19, 2024. The Kyiv Independent is reposting it with permission. Banks Oschadbank earns a record Hr 6 billion profit in 2023 (audited). On April 19, Oschadbank reported that its executive and supervisory boards approved
The private financing arm of the World Bank plans to invest $1.9 billion in projects in Ukraine over the next 18 months, Reuters reported on April 22.
The State Customs Service said that traffic had resumed in both directions as of 1:40 p.m. local time.
The German producer of building materials Knauf said it is ceasing its operations in Russia in the light of "current events," Business Insider reported on April 22, citing a statement from the company.
"Adopting the 14th sanctions package is one of the most important things," Swedish Foreign Minister Tobias Billstrom said when he arrived in Luxembourg for a ministerial EU meeting.
President Volodymyr Zelensky signed on April 20 a decree on counteracting the negative effects of online gambling, which proposes to ban it for the military until the end of martial law.
The announcement followed comments earlier in the week from finance ministry official Lev Denisov, who said that the initial 2.3% estimate would be revised upwards due to the "strong growth of the economy" at the beginning of 2024.
