London-listed miner Ferrexpo announced on Tuesday that a civil claim totaling $3.76 billion had been filed against its Ukrainian subsidiary, Ferrexpo Poltava Mining (FPM), over alleged illegal mining activities and the sale of waste products.
"Initial accusations on the illegal sale of waste products have transformed into accusations that FPM is illegally mining and selling subsoil (minerals other than iron ore), which is said to have caused damage to the environment," the company said.
Military activity has significantly degraded surface water quality in Ukraine's Dnipropetrovsk region, raising concerns that key rivers and canals used for drinking water and irrigation could become unsafe for human consumption, according to new research. A study by a group of Ukrainian scientists found an increase in concentrations
FortuneGuard, a Ukrainian InsureTech startup that has developed an AI-powered war risk insurance solution for Ukraine, is now in talks to raise capital and take the model to new markets and product lines. The solution, launched in partnership with UK reinsurance broker McGill and Partners and ARX Insurance, a
The European Bank for Reconstruction and Development (EBRD) is providing a new unfunded portfolio risk-sharing facility to ProCredit Bank Ukraine to unlock €60 million in financing to support energy security for Ukrainian businesses and households.
Military activity has significantly degraded surface water quality in Ukraine's Dnipropetrovsk region, raising concerns that key rivers and canals used for drinking water and irrigation could become unsafe for human consumption, according to new research. A study by a group of Ukrainian scientists found an increase in concentrations
Ukraine is already closely connected to the European Union's economy, research community, and industrial sector, but it is not yet getting the full benefit of those ties, according to a recent report by the United Nations Industrial Development Organization (UNIDO). The study found that the EU accounts for
Ukraine's finance ministry and Switzerland's State Secretariat for Economic Affairs (SECO) have signed a memorandum of understanding to launch the Fiscal Governance for Local Reconstruction and Recovery (FG4R) project. The four-year initiative aims to strengthen public financial management at national and local levels to support
Ukraine has received €236 million in loan financing under the World Bank's Public Expenditures for Administrative Capacity Endurance (PEACE) project, Ukraine's finance ministry said. The funding was extended by the International Bank for Reconstruction and Development (IBRD) under a guarantee from the Swedish government, the finance
