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The UK has named MP Alex Sobel, who has served since 2017 as a member of parliament for the Labour Party, as trade envoy to Ukraine, the UK embassy in Kyiv said on Wednesday. "He will focus on identifying trade and investment opportunities for British businesses and promoting the
Ukraine has seized UAH 2.11 billion ($50.3 million) worth of raw materials from Russian aluminum tycoon Oleg Deripaska, two years after blocking their export, the Security Service of Ukraine (SSU) said on Wednesday. The SSU reported that nearly 500,000 metric tons of bauxite and alumina, stored at
Ukrainian Prime Minister Denys Shmyhal said on Tuesday that the shares of local First Investment Bank, previously owned by Russian oligarchs, will be transferred to the national postal service Ukrposhta. "In this way, we are creating a postal bank," Shmyhal said. "Ukrposhta has its branches in all
Ukraine's largest producer and exporter of sunflower oil, Kernel, said it suspended operations at one of its plants this month due to the deficit of feedstock on the market. Kernel has not disclosed which facility has ceased operations.
The European Commission plans to continue discussions with Ukraine regarding natural gas supplies to Europe, while also involving Hungary and Slovakia in the negotiations, according to a statement shared by an EU diplomat and obtained by Reuters on Monday. "The Commission is ready to continue discussions with Ukraine on
Today's Contents Just The Facts: * Ukraine defense minister accused of abusing power by firing transparency watchdog * US diplomats seek Ukraine exemption as Rubio freezes nearly all foreign aid, documents show * Europe seeks US involvement in Ukraine's security guarantees, sources say * Ukraine mulls selling stakes in Sense
US diplomats have urgently requested an exemption for Ukraine-related programs from the 90-day foreign aid freeze and "stop work" order imposed by Secretary of State Marco Rubio on Friday, according to documents seen by the Financial Times and unnamed sources who spoke to the publication. Senior diplomats in
Ukraine's government is ready to sell state-owned Sense Bank as well as to consider divesting its stake in Ukrnafta, the largest oil company in the country, Economy Minister Yulia Svyrydenko told Forbes Ukraine in an interview. "We are ready to privatize Sense Bank, as well as consider
Ukraine's largest telecom company Kyivstar in December sought approval from the country's competition regulator to acquire control of local ride-hailing service Uklon, Forbes Ukraine reported. "The Antimonopoly Committee of Ukraine (AMCU) has received an application from Kyivstar seeking approval to acquire control over the assets
Ukraine is ready to transit gas from Azerbaijan to western Europe, Ukraine's President Volodymyr Zelensky said on Saturday. Azerbaijan "has a large export capacity. The export capacity is 25 billion cubic meters," Zelensky said. "We can use our infrastructure if countries in Europe need gas.
Today's Newsletter Contents Reporter's Notepad: * 3 Things You Need to Join the Rebuild, from a Long-Time CEO in Ukraine Just The Facts: * Kyiv in early stage talks over security guarantees, foreign ministry says * Ukrnafta wins regulatory nod to acquire owner of Shell gas stations in Ukraine,
Agri-food business Grupo Fuertes has submitted a takeover offer for Spanish poultry business Uvesa, after an offer by Ukraine's largest poultry producer, MHP. Financial terms of the offer were not disclosed. "Grupo Fuertes has made this purchase offer to Uvesa and it has been communicated to their
The European Bank for Reconstruction and Development (EBRD) said it is providing a €10 million loan to Ternopilelectrotrans, a public transport operator in Ukraine's western city of Ternopil, for the procurement of new trolleybuses. Ternopilelectrotrans will use the funding to modernize its fleet with up to 39 new
