Oleksandr Yanukovych, the son of former Ukrainian President Viktor Yanukovych, is allegedly behind the largest exporter of coal from Ukraine's occupied territories, according to Important Stories, or iStories, an independent Russian investigative journalism site.
Yanukovych Jr is reportedly linked to Energoresurs, a company registered in a modest office in Rostov-on-Don, Russia. Over the past two years, the company has exported nearly half a million tons of coal, primarily to Turkey.
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.
Ferrexpo said it was forced to shut down two of its pellet production lines following a decision by the Ukrainian tax authorities to impose sanctions on Ukrainian oligarch Konstantin Zhevago and suspend VAT refunds.
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
The European Commission disbursed nearly €2.8 billion to Ukraine on Monday to help finance the state budget and maintain public services as the country continues to defend itself against Russia's invasion.
