Kremlin panics as Russian Urals crude oil price nears crucial $50 mark
Kremlin spokesperson Dmitry Peskov attributed the price decline to "the US decision to introduce tariffs for most countries in the world."
finance
How Trump’s tariffs will impact Ukraine
U.S. President Donald Trump on April 2 unleashed what he has dubbed "Liberation Day," imposing tariffs on nearly every country in the world — including war-torn Ukraine. Kyiv got off lighter than most with only a 10% tariff on all Ukrainian goods, compared to 20% on the EU, and 54%
European stock and currencies rise on Ukraine peace deal hopes, Reuters reports
Europe's main stock market and currencies are gaining amid growing optimism about a peace deal between Ukraine and Russia, Reuters reported on Feb. 13.
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
Zelensky announces new sanctions on Russian financial sector
President Volodymyr Zelensky signed a decree on Jan. 13 imposing new sanctions on the Russian financial sector. The sanctions target 140 distinct entities.
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 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
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 receives first $1 billion as part of US batch of frozen Russian assets profits
This is the first tranche of the planned $20 billion that the U.S. intends to provide as part of the G7 initiative.
Ukraine receives $1 billion from Japan, UK through World Bank DPL program
“The funds raised will be used to strengthen our economy and finance priority expenditures in the social and humanitarian spheres,” Prime Minister Denys Shmyhal said on Dec. 24.
Ukraine, EU sign agreement on up to 35 billion euro loan covered by Russian assets revenue
Ukraine's Finance Ministry and the EU signed a memorandum and an agreement to attract up to 35 billion euros ($36.7 billion) as part of the G7 loan, the ministry said on Dec. 4.
Ukraine's parliament approves state budget for 2025
The state expects to get Hr 2 trillion ($48.2 billion) in revenues, while expenditures are planned at Hr 3.6 trillion ($86.8 billion).
World Bank announces $750 million support package for Ukraine
Since February 2022, Ukraine has received over $37 billion in budget support through World Bank partnerships.
National Bank of Ukraine leaves interest rates unchanged at 13%
The decision was in line with analysts’ predictions, and comes as Ukraine braces for next week’s U.S. presidential election, Bloomberg reported.
Russian court fines Google $2.5 trillion trillion trillion
Written in full $2.5 decillion is $2,500,000,000,000,000,000,000,000,000,000,000,000.
UK promises $3.8 billion per year in military aid to Ukraine
London will provide guaranteed military support to Ukraine of £3 billion ($3.8 billion) per year "for as long as it takes," according to U.K. Finance Minister Rachel Reeves.
Anti-money laundering watchdog refuses to blacklist Russia as Moscow cozies up to Iran, North Korea
After days of discussions, the world’s leading anti-money laundering watchdog, the Financial Action Task Force (FATF), opted last week not to blacklist Russia despite efforts from Kyiv to sway members to do so over the Kremlin’s increasingly closer ties with blacklisted North Korea and Iran. The FATF, which
'Not waiting until the war is over' – Foreign investment keeps growing in Ukraine
Ukraine is still far from an investor's paradise, but increasingly valuable business deals are being signed in the war-torn country this year. In the first nine months of 2024, there were 36 Ukrainian mergers and acquisitions (M&As) with a total estimated value of $643 million, according to a new
MP Yaroslav Zhelezniak: Developments in Ukraine’s parliament on economic reforms, international obligations — Issue 74
Editor’s note: This is issue 74 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Sept. 16- Sept. 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
‘An evil axis’ — JP Morgan CEO issues stark economic warning over Russia, Iran, North Korea
Jamie Dimon said Russia is in cahoots with Iran and North Korea "working every day on how to make it worse for the Western world and for America."
MP Yaroslav Zhelezniak: Developments in Ukraine’s parliament on economic reforms, international obligations — Issue 73
Editor’s note: This is issue 73 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Sept. 9- Sept. 15, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with
Explainer: Ukraine’s $15 billion IMF loan program
Maxwell Kushnir is a research analyst at the IMF. The contents of this article do not represent the views of any entity associated with the IMF, including staff, management or members of the Executive Board. Only publicly available data is used. Russia’s invasion has caused untold devastation across Ukraine,
Chinese banks stopping transactions with Russia 'en masse,' Reuters reports
Transactions worth tens of billions of yuan are currently stuck in limbo, a source told Reuters.
Ukraine Business Roundup — Russia attacks the energy grid… again
The following is the Aug. 27, 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. Just as Ukraine was breathing a sigh of relief that over a month of regular power outages brought
Ukraine Business Roundup — US banks are cutting off Ukrainian startups
The following is the Aug. 6, 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. It was the night before Alyona
Nearly third of Ukrainian families have enough money only for food, survey shows
Around 32% of Ukrainian families have enough income only to buy food, according to a survey published by the ZN.ua media outlet on July 25.
Ukraine Business Roundup — Is Russia’s war decarbonizing Ukraine?
The following is the July 23, 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. Decentralizing a power grid is a
As Russia's war rages, Ukraine struggles to renegotiate $20 billion debt deal amid looming deadline
With Ukraine desperately seeking cash to fund its defense and wartime budget needs, the country is running out of time before an August 1 deadline to agree with creditors on what portion of its foreign debt will be written off as a so-called “haircut.” In 2022, Ukraine and its creditors
MP Yaroslav Zhelezniak: Developments in Ukraine’s parliament on economic reforms, international obligations — Issue 63
Editor’s note: This is issue 63 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from July 1-7, 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. Benchmarks
Ukraine Business Roundup — Russian assets for Ukraine
The following is the June 19, 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. The Group of Seven (G7) leaders confirmed on June 13 a plan to provide Ukraine with a $50
Russia's Sberbank reports $4.32 billion profit, dividends to boost Kremlin war chest
Being majority-owned by the Russian state, dividends can be used to fund the full-scale invasion of Ukraine.
US fund Gramercy sues exiled tycoon Bakhmatyuk over alleged $1 billion fraud
U.S. investment fund Gramercy filed a complaint in a U.S. federal court on Dec. 7 against exiled Ukrainian billionaire Oleh Bakhmatyuk and U.S. businessman Nicholas Piazza for allegedly siphoning $1 billion out of Bakhmatyuk's UkrLandFarming, the largest egg producer in Ukraine. Gramercy, which is a major lender
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