Economics
Saudi Arabia
Aramco reported record profits in 2022 – after Russia's invasion of Ukraine sent oil prices soaring, allowing Saudi Arabia to record its first budget surplus in nearly a decade.
Jul. 10
Business
Riyadh denied the Bloomberg report, saying it did not threaten to sell euro and French bonds as a way to influence the G7 into not seizing $280 billion of Russia’s frozen assets.
Jul. 10
EU
Ukrainian oligarch Igor Kolomoisky’s partner, Gennady Bogolyubov, allegedly fled the country to avoid potential prosecution in the Privatbank criminal embezzlement case – spokesperson denies this.
Jul. 10
EU
In the first deal for Ukraine’s banking sector after the invasion, the Dutch invested €4.5 million in capital to purchase shares of a Ukrainian Swiss and Iceland-owned bank operating in Ukraine.
Jul. 9
EU
Entrepreneurs in Ukraine can now manage their licenses online and complain in cases of license law violations, pay for administrative services and report on occupational health in the workplace.
Jul. 9
Business
Ukraine’s most successful companies announced they will help rebuild the destroyed Okhmadyt Children’s Hospital, and are now providing food, water and transportation for patients and staff.
Jul. 9
For months, US envoys warned Austria’s Raiffeisen Bank to cut ties with a Russian oligarch. In May, Washington threatened to limit Raiffeisen's dollar access, jeopardizing its operations in Russia.
Jul. 5
EU
Ukraine is in a default situation, but (as yet) without a default credit rating – creditors, the Ministry of Finance, and the IMF are willing to progress negotiations.
Jul. 5
Ukraine
Despite an agreement between Ukraine and the EU allowing freight transport without extra permits, Poland suspended Ukrainian trucks from crossing the border due to a bureacratic delay.
Jul. 1
The economy apparently slowed in 2Q24 due to destruction of electricity-generating infrastructure, and it will take a much harder toll on the economy in 2H24.
Jul. 1
Economy
The IMF unlocked another two-billion-dollar tranche for Ukraine, but decreased its main economic indicators in the forecast since Russia’s strikes on energy infrastructure are “devastating.”
Jun. 29
G7
As signs of Moscow’s intention to create a new shadow fleet for its liquified natural gas (LNG) exports began circulating, experts have likened Western sanctions to a game of whack-a-mole.
Jun. 28
Ukraine
Ukraine’s government did not confirm the EU’s intention to impose new tariffs on eggs and sugar imports to the European Union, stating the information spread by the Financial Times was false.
Jun. 28
Ukraine
Slavutych, once a city of nuclear scientists near the Belarusian border, has become a development center for many businesses, both Ukrainian and foreign.
Jun. 27
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As Ukraine prepares for another winter under Russian attack, it is shoring up its energy capacity by making a “strategic shift” toward distributed energy resources.
Nov. 17