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US announces over $440 million in economic aid for Ukraine
The economic aid package is comprised of four key parts, including $223 million to rebuild transportation, infrastructure, and logistics.
Reconstruction
The Week Ahead: Key Developments Impacting Global Politics & Markets
Editor's note: This article is a shortened on-site version of KI Insights' The Week Ahead newsletter covering events from Dec. 2-Dec. 8. Sign up here to start your week with an agenda of Ukraine-related events, delivered directly to your inbox every Sunday. The NATO Ministers of Foreign Affairs Meeting will
Ukraine Business Roundup — Russia takes aim at the energy grid, again
The following is the Nov. 20, 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 weeks spent in anticipation of Russia’s next mass attack on Ukraine, Moscow launched its latest, and
The Week Ahead by KI Insights: What we're watching this week
Editor's note: This article is an on-site version of KI Insights' The Week Ahead newsletter. Sign up here to start your week with an agenda of Ukraine-related events, delivered directly to your inbox every Sunday. ReBuild Ukraine gathers in Warsaw on Nov. 13-14 to discuss infrastructure, housing, energy, and other
World's largest business organization cuts arbitration costs to boost foreign investment in Ukraine’s reconstruction
The International Chamber of Commerce (ICC), will lower the costs of its arbitration court for foreign investors involved in Ukraine's reconstruction projects to encourage much-needed investment.
Rome to host next Ukraine Recovery Conference on July 10-11, 2025
"Looking at a future of peace and prosperity also means looking at reconstruction, and I am happy to announce that the 'Ukraine Recovery Conference' will be held in Rome on 10 and 11 July 2025," Italian Prime Minister Giorgia Meloni said.
Switzerland to pledge $1.7 billion for reconstruction projects in Ukraine
Switzerland is planning to allocate 1.5 billion Swiss francs ($1.7 billion) for reconstruction projects in Ukraine over the next four years, Swiss Ambassador to Ukraine and Moldova Felix Baumann said.
Opinion: War risk insurance bridges the gap in Ukraine’s reconstruction
Ukraine is at a crucial turning point. As we focus on reconstruction amid ongoing Russian aggression, one aspect is pivotal to our success: war risk insurance. This tool is indispensable for attracting foreign investment and ensuring the resilience of local businesses. War risk insurance is designed to protect businesses against
Serhii Sukhomlyn named head of Ukraine's Agency for Restoration and Development of Infrastructure
Former Zhytomyr Mayor Serhii Sukhomlyn has been appointed head of the Agency for the Restoration and Development of Infrastructure, he announced on Facebook on Sept. 27. Sukhomlyn became mayor of Zhytomyr in November 2015 and resigned at his own request in early September 2024. Before Sukhomlyn, Mustafa Nayyem headed the
Over 30 nations, EU adopt declaration in support of Ukraine's recovery
More than 30 countries and the European Union adopted the Joint Declaration of Support for Recovery and Reconstruction of Ukraine during a meeting in New York on Sept. 25, Ukraine's Presidential Office said. Backed during the Group of Seven (G7) + Ukraine meeting, the document contains several points including helping to
US to announce 'series of actions' supporting Ukraine, Biden says
The United States on Sept. 26 will announce "a series of actions to accelerate support" for Ukraine in its fight against Russia's full-scale invasion and future recovery, U.S. President Joe Biden said on Sept. 25. Biden convened with President Volodymyr Zelensky and other world leaders on the sidelines of
Spain blocks Hungary's attempt to buy train company over 'Ukraine concerns,' FT reports
Spain prevented Hungary from buying Talgo, a Madrid-based train manufacturer, due to its potential usefulness for Ukraine's reconstruction, the Financial Times reported on Sept. 12, citing undisclosed officials.
Expert on Ukraine's defense production boost, future prospects
The Kyiv Independent’s Natalia Yermak interviews Ukrainian-Canadian lawyer and business advisor, Daniel Bilak, about the potential for investment in Ukraine and its defense sector.
Belgium pledges $165 million to restore infrastructure in Kyiv, Chernihiv oblasts
Belgium will allocate 150 million euros ($165 million) to restore civilian and energy infrastructure in Kyiv and Chernihiv oblasts, the Ukrainian government announced on August 30.
Richard Verma to replace Penny Pritzker as US Special Representative for Ukraine’s Economic Recovery
"Special Representative Penny Pritzker has been a tireless advocate of Ukraine’s economic recovery," U.S. State Secretary Antony Blinken said in a statement.
Ukraine scrambles to reboot reconstruction tender for children’s hospital hit by Russian missile
Ukraine’s government rushed on Aug. 2 to extinguish public uproar over reconstruction efforts at Okhmatdyt, the country’s main children’s hospital based in Kyiv, which was heavily damaged early last month by a Russian missile strike. Health Minister Viktor Liashko announced that a new tender to choose a
Minister asks for 'additional checks' after company won tender to rebuild Kyiv children's hospital at inflated price
Health Minister Viktor Liashko requested on Aug. 1 that law enforcement conduct additional inspections of the tender for the reconstruction of the Okhmatdyt children's hospital in Kyiv, that was won by a company offering its services at a reportedly inflated price.
Opinion: Restructuring Ukrainian debt is a step toward democratic victory
Ukraine's victory is the victory of the entire free world over dictators and tyrants. The formula for victory is well known: the strength of the Ukrainian army, the unity of the free world, unwavering long-term military and financial support for Ukraine, and, first and foremost, Ukraine's membership in NATO. One
No indication of foreign funds misuse by Ukraine’s infrastructure agency, EU Delegation says
There is no indication that Ukraine's infrastructure agency has misused foreign funds, the EU Delegation to Ukraine told the Kyiv Independent on July 7.
Ex-infrastructure agency head denies accusations of misusing Western funds
Ukraine's Finance Ministry accused the agency of misuse of Western funds in a response to Ukrainian online newspaper Ekonomichna Pravda. Specifically, the ministry claimed that the EU Delegation to Ukraine was unhappy with the agency failing to use the 150 million euros allocated by the European Commission.
MP Yaroslav Zhelezniak: Developments in Ukraine’s parliament on economic reforms, international obligations — Issue 62
Editor’s note: This is issue 62 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from June 24–June 30, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with
Ukraine needs $9.5 billion for rapid recovery in 2024
Ukraine needs $9.5 billion for rapid recovery this year, namely in the defense industry, energy, housing, agricultural, natural resources, and the IT sector, the Finance Ministry said on June 20.
Opinion: Tracking Ukraine’s reconstruction funds
It is safe to say that Ukraine’s reconstruction will be the most significant and expensive undertaking in Europe since the post-World War II Marshall Plan. The World Bank estimates that rebuilding the country will require nearly $500 billion over the next decade, dwarfing the costs of the most destructive
Opinion: Why arguments against using Russian assets for Ukraine don't hold water
If Ukraine is going to defeat Russia and rebuild itself after the war, it will need huge sums of money, probably exceeding what Western electorates and politicians are willing or able to provide. The good news is that there is a massive pot of non-Western money already available: the $300
Ukraine Business Roundup — Dispatch from Ukraine Recovery Conference in Berlin
The following is the June 12, 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. Ukraine’s annual recovery conference happened this week in Berlin, but instead of talks of grand plans to
EIB to give Ukraine 100 million euros for social infrastructure restoration
Kyiv signed a financing agreement with the European Investment Bank under the Recovery III project at the Ukraine Recovery Conference in Berlin.
EBRD to provide nearly 25 million euros to restore Mykolaiv water supply, mayor says
The European Bank for Reconstruction and Development (EBRD) will give Ukraine nearly 25 million euros ($26.8 million) to restore the water supply in Mykolaiv, Mykolaiv Mayor Oleksandr Sienkevych announced on June 11.
Italy prepares $150 million aid package to support Ukraine's infrastructure
The funds will be allocated to Ukraine's "infrastructure, railways, healthcare, agriculture and mine clearance," and 45 million euros ($48 million) of that will be used for the reconstruction of Odesa, the minister said.
Energy security and EU accession: What this year's Ukraine recovery conference is all about (INTERVIEW)
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
Infrastructure Development head Nayyem resigns after being blocked from attending German reconstruction conference
The news comes in the wake of the dismissal of Infrastructure Minister Oleksandr Kubrakov in May.
Opinion: Estonia leads the charge on using frozen Russian assets
Estonia’s parliament enacted a law on May 15 enabling the use of frozen Russian assets to compensate Ukraine for the damages caused by Russia’s war. Kyiv and its Western allies have discussed using around $300 billion in Russian assets held in Western accounts to support Ukraine. As of
Opinion: The West should launch a new economic Cold War against Russia
Russian President Vladimir Putin is trying to revive the Soviet Union, but two can play this game. To complete the Kremlin’s grotesque historical reenactment, the West should launch a new economic Cold War in response. In addition to the war of aggression waged against the civilians and cities of
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