Economics

The President of Ukraine, Volodymyr Zelensky, and the Minister of Foreign Affairs of Japan, Hayashi Yoshimasa, discussed areas of cooperation for the restoration of Ukraine, including in the fields of energy, transport, demining, creation of new jobs, and the social sphere. The Head of State announced this in a video address to the nation, Ukrinform reports. "I just held a meeting with the Minister of Foreign Affairs of Japan and representatives of Japanese businesses. It was about our sustainability. About recovery and development. Energy, transport, demining, social sphere, creation of new jobs in Ukraine – I presented specific areas where…

G20 leaders have the tools and the responsibility to reopen the sea route for Ukrainian grain delivery to the most vulnerable nations, as only the resumption of transit of Ukrainian agricultural products through the Black Sea can stabilize global food prices. The President of the European Commission, Ursula von der Leyen, stated this today during her speech at the "One Planet" session within the framework of the G20 summit in New Delhi, an Ukrinform correspondent reports. The full text of her speech is published on the European Commission website. Read also: G20 members release declaration mentioning war in Ukraine "Climate…

All Russian assets that have been seized abroad should be used to rebuild Ukraine. In addition, Russia's oil revenues could also be a source of compensation for Ukraine in the future. Stephen Rademaker, chief counsel to the United States House Committee on Homeland Security and an Assistant Secretary of State from 2002 through 2006, expressed this opinion at a special event at the Kyiv Security Forum, Ukrinform reports. Canada has already taken this leading role by passing a law that allows Russian assets located in Canada to be used for these purposes. The United States can do the same. But…

International companies and non-governmental organizations seeking to participate in the recovery of Ukraine can receive support from the Dutch government under the Ukraine Partnership Facility (UPF). This is reported by Ukrinform with reference to the Netherlands Enterprise Agency. "Are you an international entrepreneur or a representative of a civil society organisation? Do you want to work with a Ukrainian organisation on recovery and reconstruction activities in Ukraine? If so, apply for a subsidy from the Ukraine Partnership Facility (UPF)," the report reads. It is noted that due to the Russian invasion, Ukraine needs “a great deal of support.” Read also:…

Attempts to resume the Black Sea Grain Initiative are taking place in Kyiv's intensive dialog with Ankara. This resumption should take place without additional requirements or restrictions from Russia. Ambassador Extraordinary and Plenipotentiary of Ukraine to Türkiye Vasyl Bodnar stated this in a commentary to Ukrinform on possible next steps towards the resumption of the grain corridor. "Knowing the demands that Russia made before it withdrew from the Black Sea Grain Initiative, I would not have high expectations. We had an intensive dialog with the Turkish side during the visit of the Ukrainian Foreign Minister and the Chief Advisor to…

The U.S. Department of State hailed Turkey's efforts to revive the Black Sea Grain Initiative despite the lack of major breakthroughs from President Recep Tayyip Erdogan's and President Vladimir Putin’s talks in Sochi on Monday. This is reported by Ukrinform with reference to CNN. “We welcome the efforts of Turkey and other countries to convince Russia to return to the deal. We are engaging with the United Nations and with Turkey, both of whom have worked very hard to make BSGI (Black Sea Grain Initiative) both possible and functional,” a State Department spokesperson said. He added that Russia's decision to terminate…

Prime Minister Denys Shmyhal chaired an interdepartmental meeting of government officials, representatives of the President's Office, the National Bank, and central executive government bodies. The Prime Minister said this in a post on Telegram, Ukrinform reports. “We discussed measures to deregulate and improve the business climate, improve the banking system and insurance, develop the public procurement system, corporate, anti-corruption and judicial reforms. These are changes that are primarily aimed at building a strong and developed Ukraine, as well as strengthening European integration and relations with the EU," Shmyhal said. According to him, the implementation of these steps also paves the…

Ukraine has already received 15 shipments of humanitarian aid from Italy with a total weight of more than 161 tons, but the nation needs, in particular, high-voltage equipment for the energy sector. This was reported by the press service of the Ministry of Energy following Energy Minister German Galushchenko’s meeting with the special envoy of the Italian Ministry of Foreign Affairs for the reconstruction and strengthening of Ukraine’s stability, Davide La Cecilia, attended by Italy’s Ambassador to Ukraine, Pier Francesco Zazo, Ukrinform saw. According to the head of the energy ministry, it is expected that next winter the enemy will…

Romania plays an important role in the EU's efforts to establish alternative maritime routes for the export of Ukrainian grain. This was stated by the head of the German Foreign Ministry, Annalena Baerbock, who spoke at a joint press conference with her Romanian counterpart Luminița Odobescu after their talks in Berlin on September 4, an Ukrinform correspondent reports. Romania’s role in the export of Ukrainian grain is special in the conditions where Russia has raised the level of the global famine threat, noted the German politician. "Russia is pointing the guns of their warships at grain carriers in the Black…

At a meeting in Sochi, the presidents of Türkiye and Russia failed to agree on Moscow's fulfillment of the terms of the Black Sea Grain Initiative agreement and the resumption of the grain corridor. This was discussed at a press conference in Sochi following a meeting between Recep Tayyip Erdogan and Vladimir Putin, an Ukrinform correspondent reports. One of the issues on which the parties focused was the revival of the Black Sea Initiative. Alternative proposals put on the agenda could not offer a permanent model such as the Black Sea Initiative... In this context, they have prepared a new…