The following is the June 25, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukraine received practically no external financing
Ukrainians may have electricity for 6-7 hours per day in the upcoming winter if the electricity deficit remains at 35%, Serhiy Kovalenko, the CEO of energy supplier Yasno (DTEK), said on June 17 on national television.
Ukrainians will face lengthy, daily interruptions in electricity until the end of July as scheduled repairs at nuclear power plants put further strain on the country's already heavily damaged energy system, the head of grid operator Ukrenergo Volodymyr Kudritsky said.
The attacks caused a deficit in the country's power supply, requiring additional electricity to be diverted from Poland.
Editor’s Note: This is issue 135 of Ukrainian State-Owned Enterprises Weekly, covering events from June 2-8, 2024. The Kyiv Independent is reposting it with permission. The Cabinet approved the Reforms Matrix based on international partners’ recommendations on June 4. According to Prime Minister Denys Shmyhal, more than 200 reforms
Ukraine’s recovery and reconstruction are impossible to separate from the country’s EU integration and accession aspirations. If the country wants to enter the EU, it will have to get its rules and regulations in line with the bloc, across every field. Many of these reforms will involve sectors
Ukrenergo expects that another nuclear power plant unit will be launched overnight on June 8.
FT published the article, "Russia has taken out over half of Ukraine power generation," on June 5, citing Ukrainian officials who spoke on the condition of anonymity.
The following is the June 5, 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. After just a day spent in Kyiv, one could be forgiven for thinking Ukraine’s economy is going
Russia's systematic destruction of Ukraine's energy system means that by winter, Ukrainians may be without electricity for the "vast majority" of the day, the Financial Times reported on June 5, citing Ukrainian officials who spoke on the condition of anonymity.
Editor’s Note: This is issue 134 of Ukrainian State-Owned Enterprises Weekly, covering events from May 25 – June 1, 2024. The Kyiv Independent is reposting it with permission. Energy sector Ukrainian energy facilities struck again. In the early morning of June 1, Russia attacked Ukraine’s energy infrastructure in Zaporizhzhia,
A meeting between Ukrainian Energy Minister Herman Halushchenko and Turkish Ambassador Mustafa Levent Bilgen was held to address the consequences of Russia’s attacks on Ukraine’s energy systems.
The allocated funds will be spent on urgently needed spare parts, generators, and repair lines, according to Der Standard.
Ukraine will introduce hourly energy shutdowns for industrial and household consumers in all oblasts from 6:00 p.m. local time on May 20 until midnight.
Ukraine implemented rolling blackouts on May 15 due to power shortages caused by Russian attacks, Ukraine's state-owned energy operator Ukrenergo announced.
Russian attacks and cold weather have caused a "significant capacity deficit" in Ukraine's power system, leading to blackouts and energy restrictions for consumers across the country, the Energy Ministry reported on May 15.
Ukraine's state-owned energy operator Ukrenergo said it had to introduce additional restrictions due to the damage from the recent Russian strikes against Ukrainian energy infrastructure and the increase in electricity consumption after the temperature drop.
Editor’s Note: This is issue 131 of Ukrainian State-Owned Enterprises Weekly, covering events from May 4-10, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Cabinet appoints new acting CEO for Ukrspyrt. On May 3, Stanislav Banchuk was appointed to the position. On May 6,
Ukraine may face "difficulties with electricity supply in the summer" and should "prepare for a difficult winter" due to Russia's attacks on energy infrastructure, Energy Minister Herman Halushchenko said in a statement on May 13.
Gazprom’s revenue fell by 30% last year with a net loss of $6.9 billion, the largest in 25 years. Russia’s full-scale invasion of Ukraine led to worsening relations with Europe, limiting the operations of the company.
Various weapons were used in the attacks and 107 settlements were targeted. Thousands of households in seven oblasts are suffering power outages due to Russian attacks, the Energy Ministry reported.
Ukraine received an emergency electricity supply from Poland, Romania, and Slovakia amid an ongoing power shortage following Russia's attacks on energy infrastructure, the Energy Ministry reported on May 11.
Ukrainian businesses and industry will face more restrictions in energy use due to a "significant shortage of electricity," Ukraine's state-owned energy operator Ukrenergo reported on May 10.
Russian forces launched a drone attack in Sumy Oblast overnight on May 6, targeting the region's energy infrastructure, the Sumy Oblast Military Administration reported.
"We note the ongoing efforts by countries which operate Russian-designed reactors to make progress in securing alternative nuclear fuel contracts and to reduce dependencies related to spare parts, components, and services," read the statement issued after a two-day ministerial summit in Torino, Italy.
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.
The Latvian state-owned company Latvenergo provided Ukraine with equipment to restore the energy system after Russian attacks, the Delfi media outlet reported on April 28.
During a visit to Japan, a Ukrainian delegation led by Energy Minister German Galushchenko held discussions with Japanese officials regarding assistance in rebuilding Ukraine's energy sector.
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
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
According to Kpler, Russia exported around 740,000 barrels of crude per day in the 10 days leading up to April 13, a 25% decrease from the same period the previous four years.
The following is the April 16, 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. Russia’s large-scale attacks against Ukraine’s energy system late last week have stoked fears of renewed country-wide
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