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.
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).
Since February 2022, Ukraine has received over $37 billion in budget support through World Bank partnerships.
The decision was in line with analysts’ predictions, and comes as Ukraine braces for next week’s U.S. presidential election, Bloomberg reported.
Written in full $2.5 decillion is $2,500,000,000,000,000,000,000,000,000,000,000,000.
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.
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
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
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
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."
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
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,
Transactions worth tens of billions of yuan are currently stuck in limbo, a source told Reuters.
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
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
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.
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
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
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
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
Being majority-owned by the Russian state, dividends can be used to fund the full-scale invasion of Ukraine.
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