Economics

As a result of Russian invaders' explosion of the Kakhovka hydroelectric power plant (HPP), the temporarily occupied Crimea may be left without water for 10-15 years. This will have huge negative consequences for agriculture throughout the region and a massive fish kill that could cause outbreaks of infectious diseases. Tetyana Tymochko, head of Ukrainian Ecological League, advisor to the Minister of Environmental Protection and Natural Resources of Ukraine, told Ukrinform this in a commentary. According to her, the rapid decline in the water level in the Kakhovka Reservoir creates new risks for Ukraine's nuclear safety, as the water level in…

The explosion of the Kakhovka hydroelectric power plant (HPP) by Russian troops could have negative consequences for the Zaporizhzhia nuclear power plant (ZNPP), but the situation is under control. According to Ukrinform, Energatom reported this on Telegram. On the night of June 6, Russians blew up the dam of the Kakhovka HPP. As a result of the explosion, the water level in the Kakhovka reservoir is rapidly decreasing, which is an additional threat to the temporarily occupied ZNPP, the report says. The water from the Kakhovka reservoir is necessary for the plant to receive feed for turbine condensers and ZNPP…

In Donetsk region, power supplies were cut off to 34 settlements due to ongoing hostilities, while some household consumers across five more regions remain without electricity due to the previous strikes by Russian invasion forces. That’s according to the Ministry of Energy, Ukrinform reports. Zaporizhzhia, Sumy, Kharkiv, Kherson, and Chernihiv regions are partially de-energized due to the latest strikes, the ministry noted. Repair crews are working to restore supplies in areas where the security situation allows such works. Read also: Ministry of Digital Transformation and Nokia work to re-establish internet connection in frontline cities Also, bad weather affected power supplies…

Ukraine's State Agency for Reconstruction and Development of Infrastructure and the European Investment Bank, the bank of the European Union, have signed an EU grant agreement for over EUR 50 million to support critical infrastructure and build temporary bridges in the affected regions. Mustafa Nayyem, the head of the agency, announced this on Facebook, according to Ukrinform. "This is a huge contribution to the restoration of logistics in the Ukrainian regions hardest hit by the war, and I am sincerely grateful to our partners for such support. The destruction of road bridges leads to partial or complete isolation of communities.…

Ukrainian Minister of Finance Sergii Marchenko and representatives of the Atlantic Council think tank at a meeting on May 31 discussed the support of international partners and the need for the rapid recovery of Ukraine this year. That’s according to the press service of the Ministry of Finance, Ukrinform reports. “One of the main tasks of the Ministry of Finance of Ukraine is to consolidate the necessary resources for the priority recovery of Ukraine. First of all, the timely raising of funds for urgent reconstruction is of crucial importance for creating proper living conditions for people, and will also contribute…

The Ministry of Agrarian Policy and Food is exploring opportunities for expanding cooperation in the agricultural sector with Japan, in particular by attracting support in demining territories and providing farmers with agricultural machinery. This was discussed during the meeting of Deputy Minister of Agrarian Policy and Food of Ukraine Vitaliy Holovniya with the Head of the Economic Department Tanaka Kotaro and First Secretary Makiko Watanabe of the Embassy of Japan in Ukraine, reports Ukrinform with reference to the ministry's press service. It is noted that the Ukrainian side said support in the demining of territories was as a promising area…

President Volodymyr Zelensky discussed with the management of the British company BAE Systems the possibility of localizing the production and repair of the company's products in Ukraine. The head of state announced this on Telegram, Ukrinform reports. "I met with representatives of the British defense company BAE Systems: CEO Charles Woodburn, Managing Director Gabby Costigan, and Director for Cooperation with Ukraine Christian Seear. We discussed the localization of production in Ukraine," Zelensky said. He also informed that during the meeting it was agreed to start work on opening a BAE Systems office in Ukraine and subsequently repair and production facilities…

In the Kyiv region’s Irpin, near the Irpinsky Lypky residential complex, renovation works have started for the detached houses damaged or destroyed by Russian attacks. The relevant statement was made by Kyiv Regional Military Administration Head Ruslan Kravchenko on Facebook, an Ukrinform correspondent reports. According to Kravchenko, this refers, in particular, to houses at the intersection of Bahirova Street and Hostomel Highway, where over 300 residents had been left homeless. Kravchenko mentioned that the complex reconstruction project will cover major repairs in 31 detached houses. They will have their windows, doors, fences and roofs replaced, and their facades will undergo…

  United Nations Development Programme has provided Mykolaiv with specialised vehicles to inspect damaged facilities as a result of hostilities or terrorist attacks. This was reported by the Mykolaiv Regional Council on Facebook, Ukrinform reports. "The head of the United Nations Recovery and Peacebuilding Programme, Niels Christensen, and representatives of the Government of Canada handed over three specialised vehicles to the Mykolaiv region. One of them was transferred to the balance sheet of the Mykolaivbudreconstruction utility company for mobile teams to inspect buildings and structures. The vehicle is equipped with special equipment," the statement said. It is noted that the…