Politics & Economics

Dairy processors’ losses in 2024 may reach UAH 1B – experts

Dairy processors’ losses in 2024 may reach UAH 1B – experts

According to preliminary estimates, in Ukraine, losses of dairy processors in 2024 may amount to about UAH 1 billion. This was reported on Facebook by the Union of Dairy Enterprises of Ukraine (UDEU), Ukrinform reports. According to UDEU experts, the reasons for this phenomenon are a sharp and significant increase in the cost of raw milk, which lasted several months. In addition, demand has decreased due to a decrease in consumer purchasing power, as well as prices for major export products, namely butter and milk powder, which made exports unprofitable. “In the current situation, the UDEU considers it necessary to…
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Russian oligarch Abramovich suspected of sanctions evasion in Germany – media

Russian oligarch Abramovich suspected of sanctions evasion in Germany – media

The Public Prosecutor's Office of the federal state of Hesse in Germany is conducting an investigation into 58-year-old Russian oligarch Roman Abramovich on suspicion of violating the Foreign Trade Law. This was reported by DW, citing German media, as relayed by Ukrinform. According to media reports, four luxury cars worth several million euros have been seized in the town of Ober-Sülm in southern Germany. These vehicles include two Bugatti Chiron, a Lamborghini Reventón, and a Mercedes CLK GTR. The cars can no longer be sold, leased, or mortgaged. In addition, investigators from the Federal Criminal Police Office and the Central…
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Ukrainians get nearly UAH 843M in loans under eOselia program in January

Ukrainians get nearly UAH 843M in loans under eOselia program in January

In January 2025, as many as 459 Ukrainian families secured mortgage loans totaling UAH 842.8 million through the eOselia program. This was reported by the Ministry of Economy, as conveyed by Ukrinform. "In January 2025, since the restoration of the registry systems, 459 Ukrainian families received loans totaling UAH 842.8 million for housing purchases under the affordable mortgage program eOselia," said Andrii Teliupa, Deputy Minister of Economy. It was noted that over the past week, 302 loans totaling UAH 563 million were issued. Of these, 107 military personnel, 15 teachers, 13 medical workers, and 7 scientists received loans at a 3% preferential rate, while…
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Ukrainian, Saudi FMs discuss bilateral relations, cooperation opportunities

Ukrainian, Saudi FMs discuss bilateral relations, cooperation opportunities

Minister of Foreign Affairs of Ukraine, Andrii Sybiha, and Minister of Foreign Affairs of the Kingdom of Saudi Arabia, Prince Faisal bin Farhan Al Saud, held a phone conversation to discuss further cooperation, regional and global developments, and the Food from Ukraine program. According to Ukrinform, Sybiha shared details of the conversation on social media platform X. "I spoke with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud to discuss bilateral relations, further contacts, and opportunities for cooperation. We exchanged views on regional and global developments," Sybiha stated. Sybiha added that he informed his counterpart about the Food from…
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Trump says he’s spoken to Putin about ending war in Ukraine

Trump says he’s spoken to Putin about ending war in Ukraine

U.S. President Donald Trump said he has spoken to Russian President Vladimir Putin on the phone to discuss an end to the war in Ukraine. However, he did not provide any details of the conversation. He announced this in an interview with The New York Post aboard the presidential plane on Friday, Ukrinform reports. “I’d better not say,” said Trump when asked how many times the two leaders have spoken, adding he believes Putin “does care” about the killing on the battlefield. “He wants to see people stop dying,” said Trump. “All those dead people. Young, young, beautiful people. They’re…
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Kremlin attempts to conceal negative impact of war in Ukraine on Russia’s economy – ISW

Kremlin attempts to conceal negative impact of war in Ukraine on Russia’s economy – ISW

The Kremlin continues to conduct an information campaign directed toward both domestic and international audiences that aims to conceal the extent to which Russia's war against Ukraine has negatively affected Russia's economy. As reported by Ukrinform, this is stated in a report by the Institute for the Study of War (ISW). Analysts note that Russian Prime Minister Mikhail Mishustin met with Vladimir Putin on February 7 to discuss the state of the Russian economy. Mishustin claimed that Russia’s GDP grew by 4.1% in 2024, primarily due to "intensive" growth in the country’s manufacturing sector — likely referring to the expansion…
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President includes Viktor Liashko in NSDC composition

President includes Viktor Liashko in NSDC composition

President Volodymyr Zelensky has included Health Minister Viktor Liashko in the composition of the National Security and Defense Council (NSDC). The corresponding decree, No.79/2025 of February 7, was published on the president's website, Ukrinform reports. “In accordance with part four of Article 107 of the Constitution of Ukraine, I hereby decree... to include Viktor Liashko, Minister of Health of Ukraine, in the composition of the National Security and Defense Council of Ukraine,” the document says. Read also: Zelensky appoints ambassadors to Moldova and Uruguay The decree comes into force on the day of its publication. As reported by Ukrinform, President…
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Zelensky appoints ambassadors to Moldova and Uruguay

Zelensky appoints ambassadors to Moldova and Uruguay

President Volodymyr Zelensky has appointed ambassadors of Ukraine to the Republic of Moldova and the Eastern Republic of Uruguay. The relevant decrees, No.77/2025 and No.78/2025, were published on the president's website, Ukrinform reports. Paun Rohovei was appointed as Ambassador Extraordinary and Plenipotentiary of Ukraine to the Republic of Moldova. Ambassador Extraordinary and Plenipotentiary of Ukraine to the Argentine Republic Yurii Klymenko will also serve as Ambassador Extraordinary and Plenipotentiary to the Eastern Republic of Uruguay. Read also: Cabinet appoints two deputy defense ministers In addition, Zelensky appointed Ambassador Extraordinary and Plenipotentiary to Hungary Fedir Shandor as Ukraine's representative to the…
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North Korea to produce strike drones co-developed with Russia – media

North Korea to produce strike drones co-developed with Russia – media

In return for sending its military to support Russia's war against Ukraine, North Korea is receiving technical assistance from Moscow to develop several types of advanced strike drones, and mass production of these drones may begin as early as this year. This was reported by NHK, citing informed sources, as reported by Ukrinform. According to the report, multiple sources familiar with Russia-North Korea relations told that the two countries reached an agreement under which the North Korea receives technical help from Russia to develop multiple types of drones to be mass manufactured. The agreement on drone development was made in…
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Share of NPLs in Ukrainian banks decreased to 30% in 2024 – NBU

Share of NPLs in Ukrainian banks decreased to 30% in 2024 – NBU

As of January 1, 2025, the share of non-performing loans in Ukraine’s banking sector decreased to 30.3%, which is 7.1 percentage points less than at the beginning of 2024. That’s according to the National Bank of Ukraine, Ukrinform reports. “The share of non-performing loans (NPLs) in the banking sector as of January 1, 2025 decreased to 30.3% or 7.1 percentage points compared to January 1, 2024. The share of NPLs in 2024 decreased by UAH 29.1 billion to UAH 393.2 billion. The trend of its gradual decline has been ongoing since the beginning of 2023,” the report says. The decline…
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