Section: Economy

      EU will develop a plan to confiscate frozen Russian assets for the benefit of Ukraine
      Nov30

      EU will develop a plan to confiscate frozen Russian assets for the benefit of Ukraine

      The President of the European Commission Ursula von der Leyen noted on November 30, 2022, that Brussels, together with its partners, would develop a plan to confiscate frozen Russian assets, in order to then transfer them to the reconstruction of Ukraine and to compensate for the damage caused by the Russian war. Source: The President of the...

      US provided Ukraine with $20 million to support Ukrainian grain initiative
      Nov28

      US provided Ukraine with $20 million to support Ukrainian grain initiative

      US Ambassador to Ukraine Bridget Brink noted on November 27, 2022, on Twitter, that the USA allocated 20 million dollars to support the Ukrainian grain initiative “Grain from Ukraine”. Source: US Ambassador to Ukraine Bridget Brink “While Russia weaponizes food, the President of Ukraine Volodymyr Zelenskyy and Ukraine take...

      European Parliament voted to provide Ukraine with 18 billion euros
      Nov24

      European Parliament voted to provide Ukraine with 18 billion euros

      The President of the European Parliament Roberta Metzola noted on November 24, 2022, that the deputies of the European Parliament voted to allocate 18 billion euros to Ukraine in 2023. Source: The President of the European Parliament Roberta Metzola “In record speed, the European Parliament has just approved €18 billion for Ukraine to...

      EBRD allocated €372M to repair the energy infrastructure of Ukraine
      Nov23

      EBRD allocated €372M to repair the energy infrastructure of Ukraine

      The European Bank for Reconstruction and Development (EBRD) approved a financing package in the amount of EUR 372 million to support “Ukrenergo” (an electricity transmission system operator in Ukraine) on November 23, 2022. Source: The European Bank for Reconstruction and Development (EBRD) “The European Bank for Reconstruction...

      Japan will provide Ukraine with $2.57M worth of generators and solar lanterns
      Nov22

      Japan will provide Ukraine with $2.57M worth of generators and solar lanterns

      The Ministry of Foreign Affairs of Japan noted on November 22, 2022, that it would provide Ukraine with grant aid in the form of generators and solar lanterns for a total amount of $2.57 million. Source: The Ministry of Foreign Affairs of Japan “On November 22, the Government of Japan decided to extend Emergency Grant Aid of approximately...

      Canada issued government bonds to support Ukraine in the amount of $500M
      Nov22

      Canada issued government bonds to support Ukraine in the amount of $500M

      The Prime Minister of Canada Justin Trudeau wrote on Twitter on November 21, 2022, that Canada had issued “Ukraine Sovereignty Bonds” in the amount of 500 million dollars. Source: The Prime Minister of Canada Justin Trudeau  “Canadians can now purchase Ukraine Sovereignty Bonds. These bonds allow Canadians to provide direct...

      Norway will provide Ukraine with $195M in aid for the purchase of gas
      Nov21

      Norway will provide Ukraine with $195M in aid for the purchase of gas

      The Norwegian government announced on November 21, 2022, that it has decided to help Ukraine with the purchase of gas for the winter by providing financing in the amount of NOK 2 billion ($195 million). Source: The Minister of Finance of Norway Trygve Slagsvold Vedum The funds, which are part of a previously announced aid package of 10 billion...

      At least 5 million people in Ukraine have lost their jobs due to war, – Ministry of Economy
      Nov21

      At least 5 million people in Ukraine have lost their jobs due to war, – Ministry of Economy

      The Deputy Minister of the Economy of Ukraine Tetyana Berezhna noted on November 20, 2022, that at least five million Ukrainians lost their jobs because of the war waged by Russia. Source: The Deputy Minister of the Economy of Ukraine Tetyana Berezhna “The war is destroying Ukraine’s labor market. Fighting continues where 10 million...

      Russia’s missile attack against Ukraine on November 15 caused damage up to $1B
      Nov19

      Russia’s missile attack against Ukraine on November 15 caused damage up to $1B

      Danylo Hetmantsev, the head of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy of Ukraine noted on November 18, 2022, that Russia’s missile attack against Ukraine on November 15, 2022, caused from 0.5 billion to 1 billion US dollars of direct damage to the Ukrainian economy. Source: Danylo Hetmantsev, the head of the...

      Ukraine’s President discussed financial assistance to Ukraine with the Vice-President of the EC
      Nov18

      Ukraine’s President discussed financial assistance to Ukraine with the Vice-President of the EC

      The President of Ukraine Volodymyr Zelenskyy discussed with the Vice-President of the European Commission Valdis Dombrovskis the issue of financial support to Ukraine, as well as the reconstruction of the country on November 18, 2022. Source: The President of Ukraine Volodymyr Zelenskyy “During the meeting with the Vice-President of the...