The European Commission has proposed transferring about €3 billion per year in profits generated by frozen Russian assets to Ukraine, with about 90% earmarked for military spending this year and 10% for the general budget.
Under the proposal, which still needs to be approved by European Union member states at a meeting going on Thursday and Friday this week, the first payment to Ukraine could come as early as July.
Canada announced C$635 million ($460 million) in new financing and guarantees for Ukraine's energy security and reconstruction, alongside an agreement to establish a 100-year strategic partnership between the two countries. Nearly C$435 million will be provided as new loan guarantees to the European Bank for
Ukraine’s reconstruction is often discussed as a vast undertaking that will take off when the war ends. But for Sweco, the international engineering consultancy, Ukraine is already one of its largest markets. Ukraine is now among Sweco International’s four largest markets by revenue and ranks higher still by
Foreign investors could save time and possibly money by preparing factories, warehouses and other developments in Ukraine during the war, then building when security improves, according to Dmytro Omelchuk, Ukraine director of international engineering consultancy Delta. “Right now, for foreign investors, this is a good time to secure the deal,
