Euroclear to send 2-billion-euro tranche of Russian assets profits for Kyiv
Belgian clearing house Euroclear said in a statement on Feb. 5 that the second payment is expected to be made in March and should amount to approximately 2 billion euros.
Economy
Ukraine’s steel sector looks abroad after loss of critical Donbas coal mine
Ukraine’s steel producers are now looking abroad to stay alive after the closure of the country's last operating coking coal mine in Pokrovsk last month. Miners were working up until Jan. 13 when the Metinvest Group, the mine’s owner, halted production completely and evacuated employees as Russian troops
Ukraine announces privatization auction of country’s largest electromagnetic switch manufacturer
The auction, which is for a 100% stake in the plant, will be held on Feb. 4. Its starting price is Hr 234.4 million ($5.6 million), which includes debts for the last six months.
Trump launches trade war with steep tariffs on China, Canada, Mexico
Trump placed 25% tariffs on Mexican and Canadian goods, with only a 10% tariff on Canadian energy imports. He also imposed a 10% tariff on goods from China.
Ukraine Business Roundup — Record wartime private sector investment
The following is the Jan. 29, 2025 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. Ukraine's largest private energy company, DTEK, announced plans on Jan. 22 to invest 450 million euros ($468 million)
Ukraine Reforms Tracker Weekly — Issue 11
Editor’s note: This is issue 11 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Jan. 13–19, 2025. 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
3 key takeaways from Davos from Ukraine’s economy minister
The discussions at the World Economic Forum in Davos were a stark reminder of how interconnected the global economy is, and how Ukraine’s stability — or lack thereof — affects us all. From military aid to economic sanctions, the steps we take now will shape the future not just for Ukraine,
Davos heard Ukraine’s call, but will Europe seize the opportunity?
“We’re at yet another turning point,” Ukrainian President Volodymyr Zelensky told global leaders in Davos last week, “which some see as a problem for Europe, but others call a chance. Europe must establish itself as a strong global player, as an indispensable player.” Zelensky is completely right. He is
‘An opportunity, not a burden:’ Ukraine House Davos’s message for world leaders, investors
Over the last week, Ukraine House Davos opened its doors to world leaders and investors for the sixth year in a row during the World Economic Forum in Switzerland. Ukraine House this year was adorned with the slogan “Your Country First, Win With Us.” The message set the tone for
Putin increasingly concerned about state of Russia’s economy, Reuters reports
Russia's domestic economic operations have recently suffered due to labor shortages and high interest rates introduced to curb inflation.
Ukraine Business Roundup — Ukraine at Davos 2025
The following is the Jan. 21, 2025 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. The World Economic Forum’s annual meeting in Davos, Switzerland is this week, and for the sixth year
Ukraine Reforms Tracker Weekly — Issue 10
Editor’s note: This is issue 10 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Jan. 13–19, 2025. 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
Chinese imports of Russian coal reportedly dropping due to sanctions, price
China has been decreasing coal imports from Russia despite a steady growth in demand, turning instead to Australian and Mongolian supplies, The Moscow Times reported on Jan. 21, citing Chinese customs data.
The Week Ahead: Key Developments Impacting Global Politics & Markets
Editor's note: This article is an on-site version of KI Insights' The Week Ahead newsletter covering events from Jan. 20-Jan. 26. Sign up here to start your week with an agenda of Ukraine-related events, delivered directly to your inbox every Sunday. The global spotlight will be fixed firmly on Washington
Ukraine Business Roundup — A key mine closes and Russia’s gas sector is out of options
The following is the Jan. 15, 2025 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. Metinvest, Ukraine's largest steel producer, said on Jan. 14 that it had suspended operations at the Pokrovsk coking
Ukraine Reforms Tracker Weekly — Issue 9
Editor’s note: This is issue 9 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Jan. 6–12, 2025. 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
Ukraine's inflation accelerated to 12% in 2024, exceeding government forecasts
The accelerated rate surpassed forecasts made by Ukraine's National Bank in November, which estimated that Ukraine would end 2024 at an annualized 9.7% inflation rate.
Ukraine offers defense industry jobs, draft exemptions for citizens abroad, minister says
"We have a shortage of professionals, and Ukraine is ready to exempt most of them from military service," Chernyshov said.
Ukraine Reforms Tracker Weekly — Issue 8
Editor’s note: This is issue 8 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Jan. 1–5, 2025. 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
Ukraine Business Roundup — Ukraine’s Economy in 2025
The following is the Jan. 7, 2025 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. It’s hard to fully predict what Ukraine’s economy will look like in 2025. It largely depends
Polish farmers protest in Warsaw against Ukrainian imports, EU policies
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.
Ukraine state-owned enterprises weekly — Issue 159
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
Ukraine Reforms Tracker Weekly — Issue 7
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
Ukrainians paid $24 billion in taxes in 2024, Finance Ministry reports
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.
Fragmented financial oversight undermines Ukraine’s economic future
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.
Ukraine Reforms Tracker Weekly — Issue 6
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
Thailand accepts Russia's invitation to join BRICS
"(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.
Ukraine to prohibit withdrawal of foreign issuer securities amid efforts to curb bypasses to currency restrictions
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.
New IMF forecast predicts war in Ukraine ending in late 2025 or 2026
The International Monetary Fund’s (IMF) updated projections for Ukraine outline two scenarios regarding Russia’s ongoing war.
IMF approves $1.1 billion in funding for Ukraine
The IMF approved the $1.1 billion tranche after completing its sixth review of the Extended Fund Facility (EFF), a plan to provide Ukraine with over $15 billion in budget support over four years.
Russia buys acceptance with cash, plunging economy into uncertainty
For Russia's military recruiters, money talks. In July, Russian President Vladimir Putin doubled the federal signing-on bonus for contract soldiers to 400,000 rubles ($3,850) — over five times the country's average monthly wage. Regional governments are expected to top this up further, although the exact amount differs in each
Ukraine begins receiving first funds covered by frozen Russian assets proceeds
Ukraine is already receiving U.S. funds under the framework of the G7's $50 billion loan covered by profits from frozen Russian assets, Prime Minister Denys Shmyhal said on Dec 20.
Ukraine’s Economy
Russia’s 10-year war of aggression against Ukraine has caused widespread and long-lasting damage to the country’s economy. Positive growth predictions were squashed following Russia’s annexation of Crimea and invasion of Ukraine’s eastern Donbas region in 2014. Then came Russia’s full-scale invasion in February 2022, wreaking havoc on an economy that had just started to recover following the Covid-19 pandemic. The country’s financial sector and economy have proved resilient throughout Russia’s full-scale invasion, bouncing back in 2023, although the economy is still around a third smaller than its pre-war level.
Learn more about Ukraine’s Economy
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