Economics

The Netherlands is allocating EUR 102 million for the third aid package to Ukraine in 2023. This is reported by Ukrinform with reference to the government website. “Minister Schreinemacher for Foreign Trade and Development Cooperation reports this to the House of Representatives on behalf of the cabinet," the statement reads. It is noted that from this contribution, EUR 60 million will go to support Dutch companies that want to contribute to the country’s recovery. The money is intended for export credit insurance to cover the payment risks from investments and transactions in the country. Read also: Sweden provides Ukraine with…

Warsaw demands that Kyiv pull its claim from the World Trade Organization regarding the import of Ukrainian grain rather than "put it on pause." This was stated by the Minister of Agriculture of Poland, Robert Telus, an Ukrinform correspondent reports. "We don't know what it means to suspend the consideration of the complaint. We demand the withdrawal of the complaint, as it is groundless and absurd," said Telus. According to him, the government of Ukraine cannot file a complaint against Poland for its intention to help its farmers. Read also: In Black Sea “grain corridor” area, Russians resort to “remote…

Ukrenergo National Power Company has received more than EUR 600,000 worth of power equipment from French companies and organizations since the Russian invasion started. The relevant statement was made by the company’s press service on Facebook, an Ukrinform correspondent reports. “France’s [electricity transmission] system operator RTE handed over about EUR 300,000 worth of power equipment. Another EUR 300,000 in aid was received from the non-governmental organization, Electriciens sans frontières,” the report states. In particular, Electriciens sans frontiers sent a generator to meet the needs of one of substations, cable products required for renovation works, heaters and LED lamps. A reminder…

At the temporarily occupied Zaporizhzhia Nuclear Power Plant (ZNPP), Russians switched power unit 4 from a "cold shutdown" to a "hot shutdown" state. According to Ukrinform, Energoatom reported this. "The Russian invaders at the temporarily occupied ZNPP brought power unit No. 4 from the 'cold shutdown' state to the 'hot shutdown' state. According to the IAEA, power unit No. 6 is being brought from the 'hot' state to the 'cold' state," the statement said. In accordance with the requirements of State Nuclear Regulatory Inspectorate of Ukraine’s (SNRIU) licenses for the operation of ZNPP power units, all power units of the…

Lithuania has agreed on a corridor for Ukrainian grain transit to Baltic ports. Minister for Foreign Affairs of Lithuania Gabrielius Landsbergis posted this on the social network X, Ukrinform reports. “Russia destroys food, Lithuania delivers it. A corridor for grain transit to Baltic ports has been accepted and agreed, relieving pressure at the Ukrainian border and increasing supply to Africa and beyond. Cooperation gives results!” he wrote. Read also: Zelensky, von der Leyen discuss grain exports As reported by Ukrinform, Ukraine, Lithuania and Poland have agreed to transfer veterinary, sanitary and phytosanitary checks of Ukrainian agricultural products to the port…

The European Parliament (EP) by a majority vote adopted a resolution in support of the European Commission's (EC) proposals to revise the EU's 2021-2027 multiannual budget, which, in particular, include provisions for the establishment of a special EUR 50 billion Ukraine Fund to provide financial support to Ukraine during the war and for its post-war recovery. According to an Ukrinform correspondent, the vote took place today during a plenary session of the EP in Strasbourg. 393 deputies voted in favor of the resolution, 136 voted against, and 92 European politicians abstained. The EP ... reaffirms the fact that this review…

The European Union continues to provide Ukraine with military aid, including weapons, ammunition and military equipment, as well as training for military personnel, and may agree to allocate this year the first EUR 5 billion under the European Peace Facility for the next year. EU High Representative Josep Borrell said this at a press conference in Kyiv on Monday following an offsite meeting of the EU Foreign Affairs Council, according to an Ukrinform correspondent. "I proposed a new bilateral multi-annual envelope under the European Peace Facility (EPF), of up to EUR 5 billion for the next year, [and] more will…

IMF delegation starts meetings with Ukrainian authorities in Kyiv The team of the International Monetary Fund, led by Deputy Director of the IMF’s European Department Uma Ramakrishnan, begins holding meetings with representatives of the Ukrainian authorities and other key partners in Kyiv on Sunday. This is noted in the statement by IMF Resident Representative to Ukraine Vahram Stepanyan available to Ukrinform. "The high-level dialogue will focus on promising measures and challenges in the context of the Extended Fund Facility (EFF) implemented by Ukraine with the support of the IMF," Stepanyan said. As reported, on September 25, the mission of the…

The Republic of Korea and the United States Agency for International Development (USAID) have announced their partnership to deliver $5 million in fertilizer to support Ukraine’s agricultural sector. The relevant statement was made on the website of the United States Agency for International Development (USAID), an Ukrinform correspondent reports. “The U.S. Agency for International Development (USAID) and the Republic of Korea announced their partnership to support Ukraine’s agricultural sector through the Agriculture Resilience Initiative-Ukraine (AGRI-Ukraine),” the report states. The joint initiative provides for the delivery of $5 million in fertilizer donated by the Republic of Korea’s Ministry of Foreign Affairs…

The First Defense Industries Forum (DFNC1) has opened a new era in the development of Ukraine’s defense industry, and the numbers achieved have exceeded all expectations. The relevant statement was made by Ukrainian Foreign Affairs Minister Dmytro Kuleba on Instagram, following the event, an Ukrinform correspondent reports. “Now, we are not just bringing foreign weapons to Ukraine. We are integrating Ukraine’s defense industry into the NATO defense industry. We are establishing mutually beneficial partnerships and involving advanced technologies to produce the most powerful weapons in the required quantity on our own. To ensure that today at the front a soldier…