Politics & Economics

As part of sanctions imposed for violating Ukraine's sovereignty, Canada has frozen Russian assets worth more than $457 million Canadian dollars (over USD $350 million). That’s according to the Royal Canadian Mounted Police, which is responsible for monitoring sanctions compliance, an Ukrinform correspondent reports. Since February 24, 2022, a total of $140.1 million in assets in Canada have been affectively frozen in equivalent terms and $317.4 million in financial transactions have been blocked as a result of the prohibitions in the Special Economic Measures (Russia) Regulations, law enforcement officials said. Read also: CinC Syrskyi discusses expansion of Ukraine's air defense…

Ukraine’s DTEK Group and Denmark’s Vestas, a leading global wind turbine manufacturer, have signed an agreement for the construction of the second phase of Tylihul Wind Farm in the Mykolaiv region. The relevant statement was made by the Ukrainian Economy Ministry, an Ukrinform correspondent reports. The EUR 450 million project was announced in Davos in the presence of President of the European Commission Ursula von der Leyen, Ukrainian First Deputy Prime Minister, Economy Minister Yuliia Svyrydenko, European Commissioner for Energy and Housing Dan Jørgensen, and Danish Industry, Business and Financial Affairs Minister Morten Bødskov. “The implementation of the Tylihul wind…

Foreign Ministers of Ukraine and Norway Andrii Sybiha and Espen Barth Eide have agreed to expand defense industry cooperation and investment in Ukraine. The head of the Ukrainian diplomacy announced this on social media platform X, Ukrinform reports. “Meaningful meeting with my Norwegian friend Espen Barth Eide at the World Economic Forum. We agreed to expand bilateral defense industry cooperation and investment in Ukraine. I appreciate Norway's steadfast commitment to strengthening Ukraine and working together to achieve peace through strength,” Sybiha noted. Read also: They will work only together: Sybiha names two ways to make Russia stop war As reported,…

Last year, according to the estimated data, Ukraine’s sugar production output reached 1.8 million tonnes. The relevant statement was made by Ukrsugar National Association of Sugar Producers of Ukraine on Facebook, an Ukrinform correspondent reports. Following the 2024 sugar refining season, 28 plants, which are members of Ukrsugar National Association of Sugar Producers of Ukraine, produced 1.72 million tonnes of sugar. “Additionally, one more sugar plant was running, which is not included in the association. According to the estimated data, a total of 1.8 million tonnes of sugar was produced across the country,” the report states. As noted by Ukrsugar,…

The Cabinet of Ministers of Ukraine has approved candidates for the Supervisory Board of Forests of Ukraine State Enterprise. The Supervisory Board will include three independent members and one representative of the state. The relevant decree was published on the website of the Ukrainian government, an Ukrinform correspondent reports, referring to the Ukrainian Economy Ministry. In particular, the Ukrainian government approved the following candidates as the independent members of the Supervisory Board: Markiyan Vytvytskyy, Roberts Strīpnieks and Janne Harjunpää. Oleksii Kucher was appointed as the representative of the state. “Establishing Forests of Ukraine’s Supervisory Board will allow for the high…

President of Ukraine Volodymyr Zelensky and President of Argentina Javier Milei discussed coordination efforts to bring about a just and lasting peace. Zelensky shared this update on Telegram, as reported by Ukrinform. "I had a good meeting with the President of Argentina, Javier Milei. Thank you for your continued support for Ukraine. We talked about coordinating our efforts with partners to bring about a just and lasting peace. We greatly value Argentina's full understanding and willingness to help," Zelensky wrote. He emphasized Ukraine’s appreciation for Argentina’s understanding and willingness to assist. "We are glad that Javier is succeeding in the…

In 2025, the European Union will allocate EUR 35 billion in financial aid to Ukraine as part of the G7 ERA initiative and the Ukraine Facility program. This was announced on social media platform X by Vice-President of the European Commission and EU Commissioner for Trade Valdis Dombrovskis, as reported by Ukrinform. "The EU is delivering financial support through the G7 ERA loan initiative and the Ukraine Facility, with EUR 35bn for 2025," Dombrovskis wrote. During his visit to Davos, he also met with Ukraine's First Deputy Prime Minister Yuliia Svyrydenko. They discussed expanding cooperation and measures aimed at bringing Ukraine closer…

President of Ukraine Volodymyr Zelensky met with Serbian President Aleksandar Vučić to discuss European Union integration. Zelensky shared the details of their meeting on Telegram, as reported by Ukrinform. "I met with Serbian President Aleksandar Vučić. We are grateful to Serbia for its humanitarian and financial assistance to our state. We discussed our integration into the European Union, which is a common goal for both our countries," the President emphasized. He added that a lasting and sustainable peace must be supported by strong security guarantees. "The position of our state remains unchanged: nothing about Ukraine without Ukraine," Zelensky stated. Read…

President Volodymyr Zelensky discussed military assistance to Ukraine and the strengthening of sanctions against Russia with Spanish Prime Minister Pedro Sánchez. Zelensky shared this information on Telegram, as reported by Ukrinform. "With Spanish Prime Minister Pedro Sánchez Pérez-Castejón, I discussed military assistance to Ukraine and increased sanctions against Russia. I outlined the situation in the most intense frontline areas and the needs of our warriors for artillery and armored vehicles," the President wrote. [embedded content]According to Zelensky, it is crucial to bolster Ukraine's position to achieve a fair and lasting peace. Read also: Zelensky discusses continued assistance to Ukraine with…

Ukraine must seek the unity of the international community to hold Russia's leadership accountable in the future Nuremberg-2.0 trial. This was stated by former prisoner in Russia and Deputy Head of the Mejlis of the Crimean Tatar people, Nariman Dzhelyal, in a comment to Ukrinform during his visit to New York, where he, along with other former captives, spoke before members of the UN Security Council. "In the international system of relations, the UN is tasked with resolving military conflicts. None of us are so naive as to not understand how difficult it is today to force a country that…