Section: Economy

      Japan will allocate $3.5 billion in aid to Ukraine in 2023
      Apr14

      Japan will allocate $3.5 billion in aid to Ukraine in 2023

      The Ministry of Finance of Ukraine informed on April 13, 2023, that the Japanese Government plans to direct $3.5 billion in direct budget support to Ukraine in 2023. Source: The Ministry of Finance of Ukraine The Minister of Finance of Ukraine, Serhiy Marchenko, during a meeting with the Minister of Finance of Japan, emphasized that in the...

      EU Council approved providing Ukraine with €1 billion for ammunition
      Apr13

      EU Council approved providing Ukraine with €1 billion for ammunition

      The European Council noted on April 13, 2023, that it approved the allocation of 1 billion euros for the provision of ammunition to Ukraine. Source: The European Council “The Council today adopted an assistance measure worth €1 billion under the European Peace Facility (EPF) to support the Ukrainian Armed Forces. This measure will allow the...

      Hague ordered Russia to pay $5B in compensation for losses to Ukraine’s largest oil and gas company
      Apr13

      Hague ordered Russia to pay $5B in compensation for losses to Ukraine’s largest oil and gas company

      The CEO of Naftogaz (the largest national oil and gas company of Ukraine) Oleksiy Chernyshov informed that on April 12 2023, the Hague’s Arbitration Tribunal at the Permanent Court of Arbitration ordered Russia to pay Naftogaz $5 billion in compensation for losses caused by the seizure of the assets of the group’s companies in the...

      Lithuania will allocate €10M through the World Bank for the reconstruction of Ukraine
      Apr13

      Lithuania will allocate €10M through the World Bank for the reconstruction of Ukraine

      The Minister of Finance of Lithuania Gintarė Skaistė said on April 13, 2023, that Lithuania has pledged to allocate 10 million euros for the recovery of Ukraine through a special mechanism created by the World Bank to finance the process of rebuilding Ukraine and increasing the stability and development of Moldova. Source: The Minister of Finance...

      World Bank provides Ukraine with $200M to restore the energy sector
      Apr13

      World Bank provides Ukraine with $200M to restore the energy sector

      The Prime Minister of Ukraine Denys Shmyhal signed an agreement with World Bank Vice President Anna Bjerde in Washington on April 12, 2023. According to the agreement, Ukraine will receive an additional $200 million for the recovery of the energy sector. Source: The Prime Minister of Ukraine Denys Shmyhal “Funds raised from the World Bank...

      USA announced new sanctions against Russia
      Apr13

      USA announced new sanctions against Russia

      The US Department of the Treasury noted on April 12, 2023, that the US government has imposed sanctions against 25 people and several dozen organizations involved in Russian profit-making schemes mediated by oligarch Alisher Usmanov. Source: The US Department of the Treasury “Today, the US Department of the Treasury’s Office of Foreign...

      International partners will provide Ukraine with $115B in long-term support
      Apr13

      International partners will provide Ukraine with $115B in long-term support

      The Prime Minister of Ukraine Denys Shmyhal informed on April 12, 2023, during his trip to the USA, that Ukraine will receive $115 billion in long-term support from international partners, which will ensure financial stability. Source: The Prime Minister of Ukraine Denys Shmyhal “International partners will provide Ukraine with $115 billion...

      Canada and Ukraine expanded the Free Trade Agreement
      Apr12

      Canada and Ukraine expanded the Free Trade Agreement

      The Prime Minister of Canada Justin Trudeau and the Prime Minister of Ukraine Denys Shmyhal signed a declaration on expanding the Canada-Ukraine Free Trade Agreement in Toronto on April 11, 2023. Source: The Prime Minister of Ukraine Denys Shmyhal, the Office of the Prime Minister of Canada The Prime Minister of Ukraine said that the modernized...

      Ukraine and the World Bank discussed possibilities of attracting additional funds for reconstruction
      Apr12

      Ukraine and the World Bank discussed possibilities of attracting additional funds for reconstruction

      The Ministry of Finance of Ukraine reported that on April 10, 2023, during a working visit to Washington, USA, Minister of Finance of Ukraine Serhiy Marchenko met with World Bank Vice President for Development Financing from the International Development Association (IDA) and the International Bank for the Reconstruction and Development (IBRD)...

      US humanitarian organization will provide Ukraine with $10M for the development of rehabilitation
      Apr11

      US humanitarian organization will provide Ukraine with $10M for the development of rehabilitation

      The Minister of Health of Ukraine Viktor Liashko informed on April 11, 2023, that American nonprofit humanitarian organization Direct Relief will provide Ukraine with an additional 10 million dollars for the development of rehabilitation assistance. Source: The Minister of Health of Ukraine Viktor Liashko “The humanitarian organization...