Funds were provided by the United States, Norway and Austria. Ukraine received additional grant funds in € 495 million from the World Bank Trust Fund. This was reported by the press service of the Ministry of Finance of Ukraine. The money was received under the Second Loan Program for Development Policy in the Sphere of…
Chancellor Olaf Scholz is under increasing pressure for his position in support of Ukraine Germany ready to support European Union immediate ban on Russian oil. This could allow an embargo to be imposed in a matter of days, according to Reuters. “Germany is not against the ban on Russian oil. Of course, it is a…
The country is 100% dependent on Russian exports. Slovakia is not ready to completely abandon the purchase of Russian oil now. The government will insist that the European Union release it from the embargo on energy, which may be adopted in the near future. This was stated by the Minister of Economy of Slovakia Richard…
According to Shevchenko, it is impossible to avoid rising prices. In Ukraine in April inflation increased by 15.9%. By the end of the year, its level is projected at 20%. The head of the National Bank Kyrylo Shevchenko wrote about this in a column for NV Business. The National Bank came to these conclusions after…
Despite the difficult situation in the country, the government is doing everything possible to maintain economic stability. The Ministry of Finance with reference to the State Treasury Service reported that in April the general fund of the state budget was replenished by 76.2 billion hryvnias. According to the agency, the following taxes and fees brought…
Energy exports to Europe will only grow. Energoatom plans to increase exports electricity to Eastern and Central Europe, with nuclear fuel reserves for the next two years, even if they are not replenished at all. This was stated by the head of the state company Energoatom Petro Kotin in an interview with Forbes. “Technical capabilities…
The Ukrainian GTS is loaded with a maximum of 5 months. Applications for Russian gas transit < significantly increase in all directions. Thus, applications for the transit of Russian natural gas through Ukraine to Europe through the Slovak border checkpoint Velke-Kapusany jumped to a five-month peak on Monday, November 2021. This was reported by Reuters…
Ulaanbaatar has returned to the idea of exporting coal through Russian ports in the Far East, from which coal can come out mixed with Russian. “Mongolian mixture” may allow Russia to circumvent Western sanctions on coal. This was reported by the Russian newspaper Vedomosti. It is noted that Ulaanbaatar has returned to the idea of…
This could be part of the sixth package of EU sanctions against Russia. European Commission plans to discuss draft sixth package of sanctions on Russia May 3, EU Energy Commissioner Kadri Simson told emergency meeting of the EU Council in Brussels, reports DW . > Among the sanctions they intend to discuss is an oil…
Post-war reconstruction of Ukraine will be a matter for the whole civilized world, the government says. The government, the Ministry of Economy, leading experts and business associations are currently working on a plan to restore Ukraine after the war. In addition, the public sector is also invited to form this document, according to The Cabinet/span>…