Economics

In the current marketing year (MY) (from July 1, 2022, to May 26, 2023), Ukraine exported 44.796 million tonnes of grains and pulses. According to Ukrinform, the Ministry of Agrarian Policy and Food of Ukraine reported this. It is noted that in 2022/2023 MY Ukraine exported 15.341 million tonnes of wheat, 2.625 million tonnes of barley, 17,900 tonnes of rye, and 26.499 million tonnes of corn. For comparison, from July 2021 to May 27, 2022, Ukraine exported 46.784 million tonnes of grains and pulses, including 18.559 million tonnes of wheat, 5.676 million tonnes of barley, 161,900 tonnes of rye, and…

Since the beginning of Russia's full-scale war, 29 foreign ships with cargo have been in Mykolaiv ports waiting to go to sea. The head of the regional military administration (RMA), Vitaliy Kim, said this at a briefing, an Ukrinform correspondent reports. "There are currently 29 foreign vessels with cargo in Mykolaiv ports, including 6 Turkish ones. All of them are ready to go to sea as soon as a decision is made for Mykolaiv to join the grain corridor," Kim stated. According to him, the situation on these vessels is very different. Most of them have crews, others have been…

The U.S. Department of State has called Russia's attempts to impede maritime traffic with Ukrainian grain at one of the three seaports covered by the agreement a clear violation of the Black Sea Grain Initiative. U.S. State Department spokesperson Matthew Miller said this on Tuesday at a press briefing in Washington, D.C., an Ukrinform correspondent reports. "Russia continues to obstruct the normal operations of this lifesaving initiative," Miller emphasized. He noted that this is not something new, because from the very beginning, as soon as "the ink was first dry" on the first grain deal, Russia began to complain and…

  The amount of damage inflicted by Russian forces on Ukraine’s subsoil, atmospheric air, water, and land resources is estimated at UAH 8 trillion. That’s according to Oleksandr Stavniychuk, a spokesman for the Ministry of Environmental Protection and Natural Resources, who spoke at a briefing at the Ukraine-Ukrinform Media Center. "Today, the damages caused to atmospheric air, water, and land amount to almost 2 trillion. Subsoil losses are already estimated at about 6 trillion. However, our work continues as we all understand that the main goal is to receive reparations for these damages. But, of course, we seek to unify…

Ukraine and Latvia will jointly restore the social infrastructure of Chernihiv region. Deputy Prime Minister for Reconstruction— Minister for Communities, Territories and Infrastructure Development of Ukraine Oleksandr Kubrakov stated this following a meeting with representatives of Latvia’ Ministry of Economy, Ukrinform reports with reference to the ministry’s Facebook page. It is noted that the key topic of the meeting was the participation of Latvia in the reconstruction of social infrastructure in the most affected communities of Chernihiv region, as well as the use of Latvian experience in the transition from the Soviet heritage to modern European architecture and construction. Read…

The Donetsk region’s Mariupol, upon its de-occupation, is expected to receive expert assistance from French cities regarding the development of infrastructure and coastal areas. The relevant statement was made by Mariupol City Council on Telegram, following a meeting between Mariupol Mayor Vadym Boichenko and Ambassador Extraordinary and Plenipotentiary of the French Republic to Ukraine Étienne de Poncins, an Ukrinform correspondent reports. “Good relations have developed between France and Mariupol. We want to preserve and continue them. There are several French cities with similar geography to Mariupol, and their experience can be useful for the Ukrainian city,” the French ambassador said.…

Prime Minister Denys Shmyhal of Ukraine discussed with Alfred Kammer, Director of the European Department of the International Monetary Fund, the start of the mission on the first review of the IMF's lending program, the Fund's assistance in Ukraine recovery. The head of the government announced this on Telegram, Ukrinform reports. "We discussed with Mr. Kammer IMF’s help in the European integration of Ukraine, as well as the role of the Fund in the reconstruction. We are working on creating an international compensation mechanism to allocate confiscated Russian assets for the reconstruction of Ukraine," head of government said. He emphasized…

  Ukraine is counting on the support from Latvian businesses in the reconstruction of the country and suggests that the national Export Credit Agency consider the possibility of financing not only trade contracts but also investment deals. This was reported by the press service of the Ministry of Economy following the meeting of the First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko with the delegation of Latvia led by the Minister of Economy Ilse Indriksone, Ukrinform saw. "We already understand what economic model Ukraine's reconstruction will be based on. It was during the war that we realized what our…

The head of the Mykolaiv regional military administration, Vitaliy Kim, said that there are currently no official data on the ports of Mykolaiv joining the grain corridor. He said this at a briefing at Ukraine Media Center – Ukrinform, an Ukrinform correspondent reports. "There are currently no official data on Mykolaiv ports joining the grain corridor. Everyone is working on it, but I cannot confirm this information. It depends on political decisions," Kim said. Read also: Agrofusion plant resumes operations in de-occupied Snihurivka district - Kim According to him, everything is ready for both Ukrainian and foreign ships to leave…