Politics & Economics

Ukrainian Prime Minister Denys Shmyhal met with U.S. Deputy Secretary of State and Acting Special Representative for Ukraine's Economic Recovery, Richard Verma, to discuss key economic initiatives and recovery projects. Shmyhal shared details of the meeting in a Telegram post, according to Ukrinform. According to him, Verma's second visit to Kyiv in recent months underscores the strong intent to continue intensive cooperation between the two countries. "We focused on investments in Ukraine. I thanked the U.S. Department of State for its decision to reduce the travel risk level for nine of our regions. This is an important decision for both…

Poland is planning to develop the nuclear power industry, and Ukraine has significant experience and corresponding professionals. Hence, Kyiv is ready to provide assistance to Warsaw in this area. The relevant statement was made by Ukrainian Energy Minister German Galushchenko in a rapid-fire interview with Ukrinform on the sidelines of the international exhibition and conference, Rebuild Ukraine Construction & Energy, in Warsaw. According to Galushchenko, cooperation between Ukraine and Poland in the energy sector is “very good”, and the two countries have many areas of such cooperation. In particular, last year another interconnector, Khmelnytskyi NPP-Rzeszów, was put into operation, having…

Ukraine urgently requires air defense systems from its Western partners to protect its infrastructure from Russian attacks. Ukrainian Energy Minister German Galushchenko said this during an interview with Ukrinform at the international exhibition and conference "ReBuild Ukraine: Construction and Energy" in Warsaw. "Air defense. An effective defense system is the main issue. My fellow energy ministers also talked a lot about this publicly at the conference," Galushchenko said when asked about Ukraine's most pressing needs. He called it a "good sign" because everyone is aware that much of the infrastructure repaired and restored in 2023 to ensure a stable winter…

At its meeting on November 15, the Cabinet of Ministers has approved a decision on raising a concessional loan from the World Bank for more than $1 billion and an additional EUR 150 million from the European Union. Prime Minister Denys Shmyhal announced this at a government meeting on Friday, Ukrinform reports. “Today we have approved a decision to attract a concessional loan from the World Bank for more than $1 billion,” he said. The Prime Minister clarified that these funds were accumulated with the support of the governments of Japan and the United Kingdom. He expressed gratitude to the…

As of November 12, 2024, as part of the Own Business [Vlasna Sprava] government programme, a total of UAH 5.2 billion worth of grants were approved for 22,000 Ukrainians. The relevant statement was made by the Ukrainian State Employment Service in response to an inquiry from Ukrinform. “Over more than two years since the programme was launched (as of November 12, 2024), positive decisions on microgrants have been endorsed for 22,000 Ukrainians, including 9,000 recipients in 2024. The total amount of microgrants (following the endorsed decisions) is UAH 5.2 billion, including UAH 2.2 billion in 2024,” the report states. As…

With the Russian economy likely to face significant challenges in 2025, Russian dictator Vladimir Putin is concerned about the country's long-term economic stability. This is stated by the Institute for the Study of War (ISW) think tank, Ukrinform reports. As noted, the Kremlin recently undertook several steps aimed at reducing government spending on the treatment of wounded Russian servicemen, fighting inflation, and solving long-term demographic issues such as low birth rates and labor shortages. "These policies demonstrate that the Russian economy is not as resilient to Western sanctions, monetary constraints, and the cost of the war effort as the Russian…

A total of 300 megawatts of renewable electricity facilities have been created in the Zakarpattia region. The relevant statement was made by Zakarpattia Regional Military Administration Head Myroslav Biletskyi in a commentary to an Ukrinform correspondent during the development forum Re:Open Zakarpattia. “As of November 2024, there are 300 megawatts of renewable electricity facilities in the region, i.e. those related to wind, solar and water energy,” Biletskyi told. In his words, the first windmill installed in the mountains of the Nyzhni Vorota territorial community is already running. Photo: Serhii Denysenko “One windmill is running and generating 4.8 megawatt-hours. Another one…

The United States has allocated $825 million this year for the restoration of Ukraine's energy system, which has been heavily damaged by Russian attacks. U.S. Chargé d'Affaires at the OSCE, Katherine Brucker, announced this during a meeting of the OSCE Permanent Council in Vienna on Thursday, according to Ukrinform. "In 2022 and 2023, Ukraine's humanitarian needs significantly increased over the coldest winter months.  This winter could be the most challenging yet. To help address the most urgent needs over the next year, the United States in September announced 325 million dollars in new energy assistance for Ukraine's energy infrastructure," she…

During the conference Rebuild Ukraine 2024, Ukrainian Energy Minister German Galushchenko held a number of meetings with partners with regard to cooperation in the development of distributed generation and providing assistance to Ukrainian power engineers. The relevant statement was made by the Ukrainian Energy Ministry, an Ukrinform correspondent reports. In particular, Galushchenko met with the representatives of the International Finance Corporation (IFC). “The parties discussed the areas of cooperation regarding projects on the development of distributed generation in Ukraine and financial instruments to implement them on site. In particular, the prospects for the development of renewable energy, namely wind and…

Russia can disallow further operation of experts from the International Atomic Energy Agency (IAEA) should it deem their work unnecessary. That’s according to a statement by Russia’s foreign affairs ministry posted on Thursday, Ukrinform reports, referring to Radio Liberty. In this way, Moscow reacted to the words of IAEA Secretary General Rafael Grossi, who stated in an interview with the German news agency DPA that IAEA representatives will be at the nuclear power plant until the armed conflict is frozen. "Experts from the Secretariat (of the IAEA - ed.) stay at the ZNPP at the request of the Director General…