Economy

Photo: Getty Images Ukraine receives first $1.5B IMF tranche: funds to cover priority budget spending Ukraine has received the first $1.5 billion tranche of financial assistance from the Interna

Photo: EPA Iranian attacks across the Persian Gulf have dealt a major blow to the region’s critical energy infrastructure. Shipping through the Strait of Hormuz — the strategic chokepoint that carri

Photo: depositphotos Tanker traffic through the Strait of Hormuz has partially stopped, causing sharp increases in oil prices as market participants anticipate potential closures due to the U.S.-Isr

Photo: EPA The coordinated US and Israeli attacks on Iran, along with Tehran’s retaliatory missile strikes across the Persian Gulf, are already forcing oil traders to halt shipments through the Stra

Photo: Getty Images Ukraine’s economy is entering the fifth year of the full-scale war amid a deep energy crisis and declining industrial output. At the same time, preserving the country’s industr

Photo: Getty Images Gold prices rise to $5,230 amid tariffs and iran tensions Gold climbed for a fourth consecutive day, reaching around $5,230, driven by new 15% tariffs from U.S. President Donal

Photo:  depositphotos  The International Register of Damage has announced the launch of a new compensation category, A1.2, bringing the total number of claim categories to 14. The new category app

Photo: depositphotos U.S. President Donald Trump announced an increase in the global tariff on imports from 10% to 15%, a move that came just one day after the Supreme Court of the United States rul

Photo: depositphotos Starting February 18, lifecell , one of Ukraine’s three largest mobile operators, will increase prices on its popular plans while also expanding the amount of data that can be

Photo: depositphotos Starting March 1, a flexible cashback rate will be introduced. The Cabinet of Ministers has decided to adjust the “National Cashback” program rates. Until February 28, a single

Photo: flickr IMF drops prior actions for Ukraine’s $8.1bn program, delaying VAT for sole proprietors The International Monetary Fund has taken an unprecedented step by scrapping prior actions fo

Photo: Getty Images The Ukrainian government is introducing a new program of interest-free loans for citizens forced to relocate due to emergencies. The funds are intended to help families settle

Photo: EPA The agreement предусматриває the replacement of the Soviet-era Metsamor nuclear power plant with US-built small modular reactors and an expansion of defense cooperation between the two co

Photo: EPA As much as 143 million barrels of unsold Russian crude are currently stuck at sea, while Moscow is losing billions of dollars every month as its oil industry sinks deeper into crisis und

Photo: Getty Images Currently, the closures concern shopping malls in Dnipro, while stores in Odesa and Kharkiv remain uncertain. Inditex, one of the world’s largest fashion retailers (owning brand

Photo: pixabay First tranche of €90bn EU loan for Ukraine could be paid out in April–June 2026 The Council of the European Union has approved its position on the legal framework for providing Ukr

Photo: depositphotos Missing deadlines may lead to hefty fines In February, the rules for annual reporting for Ukrainian sole proprietors (FOPs) were updated. While the reporting form itself rema

Photo: press.lv Chinese leader Xi Jinping has called for the yuan to become a global reserve currency, in one of Beijing’s clearest signals yet of its ambition to strengthen China’s position in the

Photo: Getty Images Ukraine experiences large-scale power outage after technical fault between Romania, Moldova, and Ukraine On the morning of January 31, a technical fault occurred between the p

Photo: Getty Images Widespread blackout hits Kyiv and parts of Ukraine on January 31, affecting even Moldova What happened On the morning of Saturday, January 31, Kyiv experienced a sudden powe

Photo: Pixabay Prolonged disconnections of mining and metallurgical enterprises from the power grid could lead to serious economic and technological consequences, as such facilities cannot operate o

Photo: Getty Images Euro exceeds 51 UAH for the first time as of January 27 The National Bank of Ukraine has set the official euro rate above 51 hryvnias for the first time — at 51.06 UAH as of J

Photo: EPA Decision to release funds was presented on January 14 The European Parliament on Wednesday approved a decision by the EU Council to use the enhanced cooperation procedure to provide Uk

Photo: Getty Images In 2026, Russia’s economy is entering a phase of so-called “expensive money,” which is becoming a new norm amid the ongoing war against Ukraine and prolonged macroeconomic inst

Photo: agroweek During the first six months of the 2025/26 marketing year, Ukraine exported 7.86 million tonnes of wheat, down by 2 million tonnes year on year. The decline reflects major shifts in

Photo: Getty Images Ukraine’s National Bank set new record official exchange rates for January 9, raising the dollar by 27 kopecks to 42.99 UAH and the euro by 25 kopecks to 50.18 UAH. Since January

Photo: EPA The U.S. administration has announced the start of sales of Venezuelan crude oil and petroleum products on global markets, the Department of Energy said. According to the statement, lead

Photo: Getty Images India’s largest private refiner, Reliance Industries , announced that it does not expect any shipments of Russian crude in January and has not received any over the past three w

Photo: depositphotos Large taxpayers will be audited under this system. Starting today, January 1, 2026, Ukraine has launched the electronic audit system, e-Audit. This is a digital tax control too

Photo: reuters On December 26, China’s Foreign Ministry announced sanctions targeting 10 individuals and 20 U.S. defense companies, including Boeing, over arms sales to Taiwan, Reuters reports. The

Photo: Getty Images Strikes by Ukrainian drones on Russian energy infrastructure have paralyzed shipments of Kazakh oil through the Novorossiysk terminal. In December 2025, export volumes fell to a

Photo: Getty Images British neobank Revolut has warned all Ukrainian clients that it will be forced to close their accounts in 60 days, starting from February 22, 2026. According to messages sent t

Photo: depositphotos The European Union is ready to increase pressure on Russia, including by imposing additional sanctions. The EU Council has extended sanctions against Russia for another six mon

Photo: Getty Images The European Commission has transferred a thermal power plant from Lithuania to Ukraine, which is expected to provide electricity to around one million Ukrainians. This was repo

Photo: flickr com On Monday, December 22, gold prices surged to a historic high, marking the best annual performance in over four decades, according to Bloomberg. Gold bars rose more than 1.5%, sur

Photo: Getty Images The Verkhovna Rada has approved in the first reading draft law №14093 to rename Ukraine’s smallest currency unit, the kopeck , to “shah” . The bill received support from 264 d

Photo: facebook.com KabminUA Ukraine has released at least 800 MW of electrical capacity following a review of critical infrastructure facilities. According to RBC-Ukraine, Prime Minister Yulia Svy

Photo: Getty Images Russia’s intensified assaults on Ukraine’s energy infrastructure are pushing the country’s power grid to the brink of collapse, according to officials and analysts familiar with

Photo: Getty Images A Trump envoy discussed Russia’s war against Ukraine with Lukashenko. The United States is lifting sanctions on Belarusian potash, Belarusian state media reported, citing commen

Photo: Getty Images The European Union has agreed to freeze Russian assets totaling €210 billion indefinitely, ending the previous practice of renewing the freeze every six months. European Commiss

Photo: Getty Images A Russian liquefied natural gas (LNG) export plant has delivered its first shipment to China since U.S. sanctions were imposed in January, signaling growing energy cooperation be

Photo: depositphotos Ukraine has started the implementation of a one-time targeted financial assistance program, providing 6,500 UAH to its most socially vulnerable citizens. According to Prime Min

Photo: depositphotos Washington is reportedly urging several European countries not to use frozen Russian assets to provide a loan to Ukraine, Bloomberg reported, citing European diplomatic sources.

Photo: EPA The United States has postponed certain sanctions on Lukoil’s foreign fuel operations by expanding exemptions for the company’s Bulgarian subsidiaries and ongoing asset-sale processes, a

Photo: Getty Images As a result of Russian attacks, the Kherson combined heat and power (CHP) plant has halted operations, leaving 470 buildings and over 40,500 residents without heat , the head of