Politics & Economics

With regard to the media reports on the possible circumvention of sanctions against Russia by Austrian companies, namely the aircraft manufacturer Diamond Aircraft, the Austrian Federal Ministry of Labour and Economy (BMAW) noted that the competent investigative bodies had been informed about this. The relevant statement was made by the press service of the Austrian Federal Ministry of Labour and Economy (BMAW) in a commentary to an Ukrinform correspondent. “The Federal Ministry of Labour and Economy is aware of the materials published in the newspapers, Welt am Sonntag and Kronen Zeitung. The prevention of sanctions evasion and compliance with sanctions…

Following the fifth review of the Extended Fund Facility (EFF) Arrangement, the National Bank of Ukraine (NBU) will be working to ensure a greater flexibility of the exchange rate of the Ukrainian hryvnia against the U.S. dollar. The relevant statement was made by NBU Governor Andriy Pyshnyy on Facebook, an Ukrinform correspondent reports. Pyshnyy mentioned that Ukraine had reached a staff-level agreement (SLA) with the mission of the International Monetary Fund on the allocation of USD 1.1 billion. Now, this agreement needs to be approved by the IMF Executive Board. “The exchange rate will continue to function as a shock…

Over the past day, the Russians attacked energy facilities in Donetsk, Poltava, Sumy and Kharkiv regions. This is according to the Ministry of Energy, Ukrinform reports. "Throughout the day, the Russians attacked energy facilities in Donetsk, Poltava, Sumy and Kharkiv regions," the report says. In particular, several substations in Kharkiv region and an overhead line in Poltava region were de-energized. At the same time, yesterday, energy workers restored power supply to 10,913 consumers who were cut off amid hostilities and due to technical malfunctions. In total, 530 settlements remain in blackout this morning amid hostilities and technical malfunctions. Read also:…

The free trade agreement with Turkey, which is currently undergoing the process of ratification in the Ukrainian parliament, will facilitate the entry of Ukrainian manufacturers into the Turkish market and the attraction of Turkish investments into the Ukrainian economy. Ukrainian Ambassador to Turkey Vasyl Bodnar said this in a comment to Ukrinform. "Thanks to the free trade agreement with Turkey, Ukrainian manufacturers of industrial and partly agricultural products will have opportunities to access the rather closed Turkish market. The agreement will make it possible to attract Turkish investments and create industrial parks that are progressively developing in Turkey, as well…

Power grid operator Ukrenergo has no plans to introduce electricity consumption caps on Wednesday, September 11. The company press service announced this on social media, Ukrinform reports. At the same time, the operator urges citizens to consume electricity responsibly and refrain from using several powerful electrical appliances at once from 18:00 to 22:00. Read also: Russians attack energy facilities in eight regions in past day – Energy Ministry As Ukrinform reported earlier, Poland said it was ready to sell Ukraine more electricity if required.

The International Monetary Fund and the Ukrainian authorities reached a staff-level agreement on the fifth review of the Enhanced Fund Facility (EFF) for Ukraine. This was reported by the IMF press service on Tuesday, Ukrinform reports. “International Monetary Fund (IMF) staff and the Ukrainian authorities have reached staff-level agreement (SLA) on the Fifth Review of the 4-year Extended Fund Facility (EFF) Arrangement. Subject to approval by the IMF Executive Board, Ukraine would have access to about US$ 1.1 billion," the Fund noted. It is emphasized that Ukraine's program performance “remains high”. Read also: President’s Office discusses with IMF reforms needed…

The Northern Commercial Court of Appeal in the city of Kyiv has closed the proceedings on the lawsuit of the former shareholders of PrivatBank, Ihor Kolomoiskyi and the Cypriot company, Triantal Investments Ltd, regarding the return of the state-owned bank, PrivatBank, to its former owners. This is reported by Ukrinform, referring to PrivatBank. “Today [September 10, 2024 – Ed.], the court has closed the proceedings in the case on the lawsuit of Ihor Kolomoiskyi and Triantal Investments Ltd. In this case, the plaintiffs challenged the purchase and sale agreement of PrivatBank shares, which had been concluded as part of the…

The Cabinet of Ministers of Ukraine allocated UAH 40 billion to fortify the third line of defense this year. Prime Minister Denys Shmyhal stated this at a press conference on Tuesday, September 10, an Ukrinform correspondent reports. “The first is defense and defense capability. In this area, the primary objectives are the production of weapons, the sourcing of financing and construction of our fortifications. The funding is fully provided. Furthermore, we helped the Armed Forces to build the third line of fortifications in cooperation with the regional military administrations. The project has been completed and substantial funds have been allocated.…

On September 9, the Russian forces shelled civilian energy infrastructure in the Dnipropetrovsk, Donetsk, Mykolaiv, Poltava, Sumy, Kharkiv, Kherson and Chernihiv regions. That’s according to the Ministry of Energy, Ukrinform reports. In particular, Russian strikes caused the disconnection of substations in the Dnipropetrovsk and Sumy regions, and overhead lines in the Chernihiv and Poltava regions. In the Donetsk region, the shelling damaged the equipment of a mine. On September 9, power companies restored electricity supply to nearly 101,400 consumers who lost power due to combat operations and technical reasons. Read also: Front and protection of energy infrastructure: Zelensky holds Staff…

In the wake of the reports on the dismissal of Ukrenergo’s CEO and resignation of two supervisory board members, the ambassadors of the Group of Seven emphasized the importance of appointing new independent members to the board. That’s according to a post the diplomats posted on X, as seen by Ukrinform. "Following the dismissal of Ukrenergo's CEO and the resignation of two Supervisory Board members, G7 Ambassadors underscore the importance of quickly organizing an OECD-standard process to identify competent, professional and independent experts for the Supervisory Board," the statement reads. “This is critical for Ukraine’s energy security and the confidence…