Economics

The U.S. Senate has voted overwhelmingly to start debate on a stopgap government funding bill that, among other things, envisages $12.4 billion in aid for Ukraine. That's according to The Hill, Ukrinform reports. Some 72 senators voted for the bill that needed at least 60 votes to advance to debate. Another 23 American lawmakers voted against the measure. Read also: United States preparing new $1.1B arms package for Ukraine - Reuters "The stopgap bill, known as a continuing resolution, would keep the government's lights on through Dec. 16 and include $12.4 billion in aid for Ukraine against Russia, $4.5 billion…

Advisor to the Head of the Office of the President of Ukraine Mykhailo Podolyak believes an incident with gas leaks on the Nord Stream 1 pipeline is nothing but Russia’s act of aggression against the European Union. The relevant statement was made by Advisor to the Head of the Office of the President of Ukraine Mykhailo Podolyak on Twitter, an Ukrinform correspondent reports. “ ‘Gas leak’ from NS-1 is nothing more that a terrorist attack planned by Russia and an act of aggression towards EU. Russia wants to destabilize economic situation in Europe and cause pre-winter panic. The best response…

Japan has decided to ban exports of chemical weapons-related goods to Russia in a latest sanction move against Moscow over its invasion of Ukraine. Tokyo is "deeply concerned" about the possible use of nuclear weapons, Chief Cabinet Secretary Hirokazu Matsuno said, according to Reuters, Ukrinform reports. Japan added 21 Russian organizations, including research labs, to the list of those targeted by export bans, according to the government statement. Read also: Ukraine needs weapons, finances and sanctions against Russia to win the war - Shmyhal The new package of sanctions was approved at Monday's cabinet meeting after they were announced by…

The G7 ambassadors in Ukraine have said they are concerned about the government's interference in the management of the state-owned Gas Transmission System Operator of Ukraine (GTSOU) and Ukrenergo. That's according to the Twitter account of the German Presidency of the G7 Ambassadors' Support Group in Kyiv, Ukrinform reports. "G7 Ambassadors are concerned about authorities' interference in the management of GTSOU and Ukrenergo. Holding fast to OECD Corporate governance reforms at Ukrainian SOEs will increase investor confidence, stop corruption, and speed Ukraine's reconstruction post war," the tweet reads. JSC Mahistralni Gazoprovody Ukrainy (MGU) on September 16 terminated the powers of…

A total of 349 energy infrastructure facilities have been damaged in Ukraine since the Russian full-scale invasion started, including 11 combined heat and power plants (CHPPs) and three thermal power plants (TPPs). The relevant statement was made by Ukrainian Communities and Territories Development Minister Oleksiy Chernyshov in his online speech during the Local Self-Government Forum in Lviv, an Ukrinform correspondent reports. “We can see that a large number of Ukraine’s energy infrastructure facilities were damaged. The enemy insidiously attacks these very objects. As of September 20, 2022, a total of 349 energy infrastructure facilities were damaged in Ukraine. In the…

EU foreign ministers have agreed to prepare new sanctions against Russia and increase weapons supplies to Ukraine. That's according to Reuters, Ukrinform reports. EU foreign policy chief Josep Borrell said Putin's announcement - which included moves to annex swaths of Ukrainian territory and a threat to use nuclear weapons to defend Russia - showed panic and desperation. "It's clear that Putin is trying to destroy Ukraine," Borrell told reporters after a ministerial meeting. After being briefed by Ukrainian Foreign Minister Dmytro Kuleba, the ministers agreed to task their teams to prepare an eighth sanctions package that would target "more relevant…

On September 20, 2022, the Council of the European Union adopted the decision to provide EUR 5 billion of additional macro-financial assistance to Ukraine. The relevant statement was made on the website of the Council of the European Union, an Ukrinform correspondent reports. “The European Union stands by Ukraine. We deliver on our promises and help ensure that the Ukrainian state and its key infrastructure can continue to function despite Russia’s war of aggression. At the next Ecofin meetings, I will push for a swift agreement on the provision of the remaining EUR 3 billion, for which we must also…

A column consisting of 25 trucks of Energoatom National Nuclear Energy Generating Company of Ukraine has reached the temporarily occupied city of Enerhodar and delivered the most necessary spare parts, chemical agents and diesel fuel to Zaporizhzhia Nuclear Power Plant (NPP). The relevant statement was made by Energoatom National Nuclear Energy Generating Company of Ukraine on Telegram, an Ukrinform correspondent reports. “On September 16, 2022, a column consisting of 25 trucks of Energoatom National Nuclear Energy Generating Company of Ukraine, having passed enemy checkpoints, reached Enerhodar. The company delivered the most necessary spare parts required to repair the power transmission…

Some 40% of Ukrainians have lost their jobs since the start of the Russian invasion in February. Only 23% of the country's residents continue to work and receive wages in full. The human resources website grc.ua said this in a press release seen by Ukrinform. According to the study, only one in five Ukrainians (22.7%) currently work and receive a full salary. The same number (22.5%) of Ukrainians continue to work, receiving a reduced salary. However, more than 40% of Ukrainians have been left without a job: 19% of respondents lost their jobs due to the termination of the company's…

Ukraine is already cooperating with the United Nations and Turkey and the recipient countries of Ukrainian agricultural products to prevent Russia from disrupting the "grain agreement". Minister of Foreign Affairs of Ukraine Dmytro Kuleba said this in an interview with RBC-Ukraine, Ukrinform reports. "Not now, but closer to its expiration in November, we will see Russia's attempts to question this (grain - ed.) agreement and disrupt its continuation. To this end, we are already working with all key players, both with the UN and with Turkey as facilitators of this agreement, and with the recipient countries of our agricultural products…