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Ukraine to Get Over EUR 600M in Aid from EU to Support Population and Economy

Ukraine to Get Over EUR 600M in Aid from EU to Support Population and Economy

Deputy Prime Minister of Ukraine Olha Stefanishyna and Acting Head of Support Group for Ukraine, and Deputy Director General of the Directorate General for Neighborhood and Enlargement Negotiations of the European Commission Katarína Mathernová signed agreements…

September 6, 2022

Over 1.7M Tonnes of Agricultural Products Exported in First Month of ‘Grain Initiative’

Over 1.7M Tonnes of Agricultural Products Exported in First Month of ‘Grain Initiative’

Since 1 August, when the implementation of the “grain initiative” began, 1.72 million tonnes of agricultural products have been shipped from the Ukrainian ports of Odesa, Chornomorsk, and Pivdennyi. A total of 68 ships left…

September 4, 2022

Fitch Upgrades Ukraine's Issuer Default Rating

Fitch Upgrades Ukraine's Issuer Default Rating

The international rating agency Fitch upgraded Ukraine’s Long-Term Foreign-Currency Issuer Default Rating to ‘CC’ (probable default). This is stated in a press release published on the agency’s website. It is noted that the upgrade follows the…

August 18, 2022

‘Grain Initiative’ - Second Caravan Carrying Foodstuffs Leaves Ukrainian Ports

‘Grain Initiative’ - Second Caravan Carrying Foodstuffs Leaves Ukrainian Ports

The second caravan carrying Ukrainian foodstuffs left the “Odesa” and “Chornomorsk” ports. Three ships departed from Chornomorsk and one more from Odesa. The ships are heading to the ports of Italy, China, and Turkey, the Ministry of…

August 8, 2022

First Sea Caravan Carrying Ukrainian Agricultural Products Leaves Odesa Region

First Sea Caravan Carrying Ukrainian Agricultural Products Leaves Odesa Region

As part of the implementation of the agreement on the safe transportation of grain and foodstuffs, the first caravan carrying Ukrainian food left the ports of “Odesa” and “Chornomorsk” today. As the Ministry of Infrastructure…

August 5, 2022

Direct Losses Caused by Ukrainian Infrastructure Destructions Rise to $108.3B Since June

Direct Losses Caused by Ukrainian Infrastructure Destructions Rise to $108.3B Since June

The residential sector has suffered the biggest losses. At least 129,900 buildings have been destroyed or damaged, of which 114,700 are private buildings and 15,100 are apartment blocks. Such an assessment was given by experts of the Centre for…

August 5, 2022

G7 Ambassadors Arrive in Odesa to Support ‘Grain Deal’

G7 Ambassadors Arrive in Odesa to Support ‘Grain Deal’

The ambassadors of G7 countries to Ukraine have arrived in Odesa, declaring the importance of the agreement on the export of agricultural products through Ukrainian ports. “My fellow G7 ambassadors and I are in Odesa…

July 29, 2022

Ukraine to Receive EUR 1B of EU Macro-Financial Assistance in July

Ukraine to Receive EUR 1B of EU Macro-Financial Assistance in July

Minister of Finance of Ukraine Serhii Marchenko has signed the Memorandum of Understanding between Ukraine and the EU and the Loan Agreement for receiving exceptional macro-financial assistance from the EU in the amount of EUR…

July 20, 2022

16 Commercial Vessels for Transportation of Ukrainian Agricultural Products Pass Through Bystre Estuary. Another 90 in Line

16 Commercial Vessels for Transportation of Ukrainian Agricultural Products Pass Through Bystre Estuary. Another 90 in Line

According to the information of the Ministry of Infrastructure of Ukraine, as of 20:00 on 12 July 2022, 16 commercial vessels that will transport Ukrainian agricultural products to foreign markets passed through the channel of…

July 13, 2022

Foreign Funds Cover Only Half of Ukraine's Budget Needs

Foreign Funds Cover Only Half of Ukraine's Budget Needs

Of $22 billion needed to cover the budget deficit and debt repayment in March-June, Ukraine received only $10.2 billion in foreign loans and grants. This is stated by the Centre for Economic Strategy based on data…

July 12, 2022

Liberation of Zmiinyi Island Opens Water Channel for Transportation of Agricultural Products

Liberation of Zmiinyi Island Opens Water Channel for Transportation of Agricultural Products

The liberation of Zmiinyi Island by the Ukrainian military from the Russian occupiers made it possible to resume navigation along the Danube-Black Sea Canal, the press service of the Ukrainian Sea Ports Authority reports. “Taking…

July 10, 2022

European Parliament Greenlights EU Macro-Financial Assistance to Ukraine Worth EUR 1B

European Parliament Greenlights EU Macro-Financial Assistance to Ukraine Worth EUR 1B

The European Parliament voted for the European Commission’s proposal to provide Ukraine with EU macro-financial assistance to meet urgent budgetary needs totalling EUR 1 billion. Such a decision of one of the key EU bodies was…

July 8, 2022

Indirect War-Related Losses of Ukrainian Agricultural Sector Exceed $23B

Indirect War-Related Losses of Ukrainian Agricultural Sector Exceed $23B

Indirect losses in agriculture due to declining production, port blockades, and higher prices for production factors are estimated at more than $23.3 billion. This is stated in a review prepared by the Centre for Food…

June 22, 2022

Food as a weapon of war: new component of Putin’s ‘hybrid warfare’

Brussels Ukraïna Review Original Society

Food as a weapon of war: new component of Putin’s ‘hybrid warfare’

For more than three consecutive months, the world has been compassionately sympathising with Ukraine for losing its people – both military and civilians – as a result of Russia’s sinister and unprovoked, full-scale attack on…

June 20, 2022

European Commission Recommends Granting Ukraine EU Candidate Status

European Commission Recommends Granting Ukraine EU Candidate Status

The European Commission has recommended granting Ukraine the status of a candidate for the European Union membership. The relevant decision was made at the meeting on 17 June. It was announced by EC President Ursula von…

June 17, 2022

Damage Caused by Destruction of Ukraine's Infrastructure Totalled $1B Over Past Week

Damage Caused by Destruction of Ukraine's Infrastructure Totalled $1B Over Past Week

Since the beginning of Russia’s war against Ukraine, at least 44.8 million square meters of housing, 256 enterprises, 6,300 railway tracks, 656 healthcare institutions, 1,177 educational institutions, 668 kindergartens, 198 warehouses, 20 shopping malls, and 28…

June 10, 2022

EU Abolishes Duties on Ukrainian Goods for One Year

EU Abolishes Duties on Ukrainian Goods for One Year

Today, 4 June, the EU’s decision to abolish duties on Ukrainian goods for a year came into force. According to the press service of the Ministry of Economy of Ukraine, this decision expanded the opportunities…

June 4, 2022

Russia's Full-Scale Aggression Has Already Caused $600B in Damage to Ukraine's Economy

Russia's Full-Scale Aggression Has Already Caused $600B in Damage to Ukraine's Economy

More than 200 factories and large enterprises have been damaged, destroyed, or seized in hostilities as a result of Russia‘s full-scale invasion of Ukraine. “The first [of four stages] is to restore more than 200…

May 26, 2022

European Commission to Provide EUR 9B in Assistance to Ukraine

European Commission to Provide EUR 9B in Assistance to Ukraine

The European Commission will provide Ukraine with a new package of macro-financial assistance worth 9 billion euros. “We are proposing new macro-financial assistance for Ukraine of up to EUR 9 billion in 2022,” European Commission…

May 18, 2022

European Commission Suggests Drafting Package for Large-Scale Post-War Reconstruction of Ukraine

European Commission Suggests Drafting Package for Large-Scale Post-War Reconstruction of Ukraine

The European Union intends to take part in the post-war reconstruction of Ukraine and its economy. European Commission President Ursula von der Leyen made a relevant statement while delivering a speech at the European Parliament….

May 4, 2022