Politics & Economics

The National Bank of Ukraine (NBU) is ready to discuss the legalization of virtual assets, but they cannot be a means of payment and should not undermine the effectiveness of the NBU’s monetary instruments. The relevant statement was made by NBU Governor Andriy Pyshnyy in an interview with RBC-Ukraine, an Ukrinform correspondent reports. “It is important for us that our ‘red lines’ are clearly followed. Virtual assets cannot be a means of payment, and cannot in any way undermine the effectiveness of our monetary instruments. There should be no transfer of monetary powers and no undermining of the National Bank’s capabilities…

Türkiye expects the Free Trade Agreement to be ratified by the Ukrainian side and come into effect as fast as possible, increasing the trade turnover between the two countries to USD 10 billion. The relevant statement was made by Chief Advisor to the President of the Republic of Türkiye Yalçın Topçu in an interview with Ukrinform. “Currently, our priority interest is to have the Free Trade Agreement ratified by the Ukrainian side and put into effect. Bringing it into force will contribute to achieving our goal of foreign trade turnover with Ukraine at around USD 10 billion,” Topçu said. In his words,…

A thousand largest Ukrainian enterprises generated a total of UAH 8.2 trillion in net revenues in 2024, with the highest sums being reported by those operating in the electricity sector. The relevant annual survey findings were published by YouControl, an Ukrinform correspondent reports. “A thousand largest Ukrainian enterprises generated a total of UAH 8.2 trillion in net revenues in 2024, which is 15% higher compared to the previous period. Despite a slowdown in growth rates during the third year of the full-scale war, large businesses retain the ability to generate revenues and even remain profitable,” the report states. As noted by…

The United States will monitor the import of Russian oil by other nations and does not rule out taking economic measures against them. This is stated in an executive order issued by U.S. President Donald Trump, Ukrinform reports. According to the order, the Secretary of Commerce, in coordination with the Secretary of State, the Secretary of the Treasury, and any other senior official the Secretary of Commerce deems appropriate, shall determine whether any other country is directly or indirectly importing Russian Federation oil. Based on the analysis of this data, a report will be prepared for the president with recommendations…

The Cabinet of Ministers has appointed Oleksandr Tsyvinskyi as director of Ukraine's Economic Security Bureau (ESB). Prime Minister Yulia Svyrydenko announced the decision via Telegram, Ukrinform reports. "Today the government made the decision to appoint Oleksandr Tsyvinskyi as director of the Economic Security Bureau of Ukraine," she wrote. She stressed that following a decision by the selection commission, all necessary checks, and a polygraph examination, there were no objections to Tsyvinskyi's candidacy. "We expect a revitalization of the Bureau's work, institutional strengthening, and a significant increase in trust between the Bureau and Ukrainian entrepreneurs. It is crucial that economic relations…

The self-propelled gun system Bohdana, new armored vehicles, battle-tested drones, ground robotic platforms, as well as ammunition for unmanned platforms were on view among other new products at the international defense expo IDEF-2025 held on July 22 to 27 in Istanbul, Turkey. National Association of Ukrainian Defense Industries (NAUDI) exhibited products from 18 companies within a single national pavilion. The association unites over a hundred Ukrainian defense industries, promoting their products both on the domestic and global arms markets. Serhiy Honcharov, NAUDI Executive Director spoke in an interview with Ukrinform about the accomplishments achieved by Ukraine’s defense industrial sector, relevant requirements…

The Ukrainian side has revised the deadlines for adopting laws on the development of the energy sector, which are part of the Action Plan for implementing the European Commission’s recommendations. The relevant statement was made by the Ukrainian Energy Ministry, following a working meeting on the implementation of the Action Plan as part of Ukraine’s Progress Report under the EU Enlargement Package 2024, which was chaired by Ukrainian Deputy Prime Minister for European and Euro-Atlantic Integration Taras Kachka, an Ukrinform correspondent reports. In the third quarter of 2025, Ukraine is expected to adopt legislation on the transposition of the Electricity Integration…

Ukrainian Prime Minister Yulia Svyrydenko and U.S. Secretary of Finance Scott Bessent discussed strengthening bilateral cooperation in the fields of defense and investment. According to Ukrinform, Svyrydenko said this in a post on Facebook. The two sides focused in particular on a potential defense agreement related to the production and sale of Ukrainian drones — previously announced by President Volodymyr Zelensky — and the possible procurement of U.S.-made weapons. They also addressed the launch of a U.S.-Ukraine Investment Fund. "We are working on expanding its mandate so that the fund can invest in the defense sector as well. The first…

Warsaw should extend a loan to Kyiv for the purchase of Polish defense industry products, as cooperation in the defense sector is crucial to strengthening Ukraine–Poland relations. This was stated by Polish expert and former Minister of National Defense Janusz Onyszkiewicz in a comment to Ukrinform, responding to reports about Ukraine’s request for a loan from Poland to acquire weapons. “I have no doubt that Poland should provide this loan. I hope it will happen,” Onyszkiewicz emphasized. The expert described it as a positive signal that Ukrainian troops have a high opinion of Polish-made defense equipment used in combat. “Overall,…

In response to a request from a law enforcement agency, the Asset Recovery and Management Agency (ARMA) has discovered assets belonging to individuals involved in criminal proceedings initiated based on the large-scale legalization of proceeds obtained by criminal means. ARMA press service reported the information, according to Ukrinform. "According to the investigation, a group of individuals, using controlled business entities, evaded value-added tax. The tax reports reflected fictitious financial and economic transactions carried out through companies with signs of fictitiousness, which led to the actual non-receipt of more than UAH 400 million to the state budget. The funds obtained by…