Economics

About 55% of the total electricity consumption is covered by eight nuclear power plant units operating in the government-controlled territory. This was reported by the press service of SE NAEC Energoatom, according to Ukrinform. "On January 24, 2022, eight power units of Ukrainian nuclear power plants located on the government-controlled territory are operating at maximum nominal capacity, covering nearly 55% of the country’s total electricity consumption. The largest volumes of electricity are generated by the South Ukrainian NPP," the statement reads. At the same time, one of the units is still undergoing scheduled maintenance, carried out once every four years…

Electricity generation has increased in Ukraine but the capacity deficit is still significant. That’s according to the country’s state-run power grid operator Ukrenergo, as seen by Ukrinform. "Electricity consumption is at the level of Monday. Electricity generation increased slightly. The capacity deficit remains significant," the statement reads. It is noted that consumption caps for the whole day have been established for all regional distribution companies. Each regional energy company in its respective region shall draw up schedules of planned hourly outages, which must ensure that consumption is within the approved cap. Exceeding the limits leads to risks of emergency situations…

A permanent monitoring mission of the International Atomic Energy Agency (IAEA) has started its work at the Khmelnytskyi Nuclear Power Plant in Ukraine. That’s according to the press service of the State Nuclear Regulatory Inspectorate of Ukraine, Ukrinform reports. "On January 23, 2023, the permanent mission of the IAEA began its work at the Khmelnytskyi NPP. Last week, the same missions of the International Atomic Energy Agency were launched at the operating South Ukrainian and Rivne NPPs, as well as at the Chornobyl NPP, which is currently at the stage of decommissioning," the statement says. It is noted that after…

The Russian space intelligence system has been widely affected by international sanctions as domestic production of key elements has stopped without foreign-made electronics. That’s according to the Main Intelligence Directorate of the Ministry of Defense (GUR), Ukrinform reports. After Russia’s full-scale invasion of Ukraine, Joint-Stock Company Academician Mykhailo Reshetnyov Information Satellite Systems came under international sanctions. According to the information obtained by Ukraine’s military intelligence, Russian designers and researchers, among other things, are developing at the strategically important defense facilities the so-called "big eyes" – tools for space reconnaissance. In particular, this is about the promising Repey project of high-orbit…

Ukraine has always been and will always be a responsible participant in global food market relations. “Ukraine has always been and will always be a responsible participant in global food market relations. Even having suffered from terrorist aggression from Russia, we continue to supply food to countries all over the world. Although Russia has blocked our ports on the Black Sea, we have found a diplomatic way to resume exports,” President of Ukraine Volodymyr Zelensky addressed Berlin Agriculture Ministers' Conference participants. The President thanked UN Secretary-General António Guterres and President of the Republic of Türkiye Recep Tayyip Erdoğan for their timely and…

In Ukraine, electricity generation decreased due to the emergency repair of one of the units at the thermal power plant. As reported by Ukrinform, NEC Ukrenergo stated this via Telegram. Electricity consumption in the country remains at yesterday’s level. "One of the units at the thermal power plant was put into emergency repair, which reduced the total amount of electricity generation. The capacity deficit remains significant," the statement reads. As a result of Russian missile and drone strikes, power plants (generating capacities) and the high-voltage network were damaged. The latest Russian attack on January 14 inflicted significant damage on several…

Since the latest massive shelling of Ukraine’s energy facilities, power engineers have managed to add generation to the power system and increase power transmission capabilities. This was stated by Minister of Energy German Galushchenko, who spoke on the air of the national telethon, Ukrinform reports with reference to the ministry’s press service. "We are currently working to restore our generation facilities as soon as possible to produce electricity as much as possible. It is also important to restore power transmission lines and substations that ensure the transmission of electricity from one region to another. "Since the latest massive shelling on…

Forty-four countries have already joined the initiatives to supply food from Ukraine supported by the EU and the UN. Thanks to the grain program, 5 million people around the world who suffer from food shortages are provided with food. "Forty-four countries have already joined the grain initiatives, in particular, they have been supported by the EU and the UN. Despite the war, Ukraine is now doing everything possible to end hunger in the world when many people suffer from food shortages. Thanks to the grain program, at least 5 million people who need food support receive it," Head of the…

In the coming months, the U.S. Department of Justice plans to begin transferring part of the confiscated assets of the Russian Federation to Ukraine through the State Department in accordance with the recently adopted law. “In the future, we're also poised to begin the transfer of forfeited assets for the benefit of Ukraine,” Andrew Adams, director of U.S. Task Force KleptoCapture, said speaking at the Hudson Institute in Washington D.C., an Ukrinform correspondent reported. He noted that in late December 2022, Congress passed, and the President signed the Consolidated Appropriations Act of 2023, among other things empowering the Justice Department…

International Key Expert on Customs Reforms, EU Public Finance Management Support Programme for Ukraine (EU4PFM) 2022 was a year of hard luck and deprivation for Ukraine. However, the outcome was the stronger aspiration of Ukraine and the Ukrainians to be fully integrated into Europe. The European Union was initially established as a customs union, and it still is. Therefore, achievement of the European standards and integration of the Ukrainian customs into the customs space are gaining special significance. Despite all the military difficulties, Ukraine not only continued, but also accelerated and intensified the process in 2022. A special impetus was…