Ukrainian state hydropower producer Ukrhydroenergo said military attacks in the past year have cost it $1.5 billion, much of it through the destruction of the Kakhovka hydropower plant in June, the company said in a video presentation. The company attributes the costs to multiple attacks on autotransformers, switchgear, multiple
Ukraine Finance Minister Serhiy Marchenko said geopolitical tensions elsewhere in the world and the length of the war in Russia are weakening the resolve of Ukraine's major donor nations, Reuters reported. "I see a lot of tiredness, I see a lot of weakness among our partners, they
The Ukrainian government has launched a data platform designed by global professional services firm Marsh McLennan to help investors and insurers gauge the risk of acts of war in Ukrainian communities. The platform, available starting today at www.promo.war-risks.com.ua, gathers data from the military, police and
Belgium will create an $1.8 billion fund for Ukraine using tax on profits generated by Russian assets frozen after the start of the war, Belgian Prime Minister Alexander De Croo announced. The money, which stems from the nearly $200 billion frozen Russian assets held at Belgium-based clearinghouse Euroclear,
Some 34 countries pledged a combined €500 million to help de-mine Ukraine, led by a 100-million-euro donation from Switzerland, at a donors' conference in Zagreb, Croatia. Pledges made at the conference also included €20 million from Norway, €12.5 million from Sweden, €5 million from Croatia,
The government of Ukraine has been "sounding out" major investors about the possibility of restructuring the country's $20 billion in international debt and raising new funds, Reuters reported out of London, citing three unnamed sources. The head of Ukraine's debt management office, Yuri Butsa,
The government has earmarked an additional 102 million euros in support for Ukraine, including 60 million euros to insure Dutch companies contributing to the reconstruction of Ukraine. The sum will cover payment risks of investments and transactions in the form of export credit insurance, the Dutch government said in an
Turkish firms Ozaltin Holding and Dolsar Muhendislik agreed to help Ukrainian state hydro power producer Ukrhydroenergo rebuild the 351 MW Kakhovka hydro power plant (HPP) blown up in June and construct the Kanivska pumped storage power station (PSPP) on the Dnieper River. Ukrhydroenergo signed separate memoranda of agreement with both
Ukraine’s government aims to auction off a vodka distillery for as little as $500,000, a stone quarry with a starting price of $7.2 million, a dental products maker at a starting value of $1.3 million, a state vocational school for as little as $9,000, and
Direct damage to Ukraine's infrastructure since Russia invaded in February of last year has reached $151.2 billion, including $55.9 billion in damage to housing alone, according to a study by the Kyiv School of Economics. Some 147,800 private houses, 19,100 apartment buildings and 350
Ukraine plans to recognize de-mining certificates issued by the European Commission for Mine Action (ECMA) and expand local training of de-miners to accelerate mine clearance and make way for reconstruction of the country, Ukrainian Deputy Economy Minister Ihor Bezkaravaynyi said. Currently, only 2,500 deminers with 30 de-
The Romanian government is in talks to buy the Danube River port of Giurgiulesti in the neighboring landlocked Republic of Moldova to transform it into a shipping hub for the reconstruction of Ukraine after the war, Romanian Prime Minister Marcel Ciolacu said in an exclusive interview with news outlet Digi24.
The World Bank's Multilateral Investment Guarantee Agency (MIGA) has issued Ukraine's first war-risk guarantees for private investors, providing $9.1 million of war insurance for the construction and operation of a warehouse and supporting infrastructure in the western city of Lviv. The insurance covers the
London-based insurer Miller has tapped the vessel-tracking technology of partner Clearwater Dynamics, a UK technology firm specialized in shipping, to launch war-risk insurance in conjunction with the Ukrainian government, for ships carrying Ukrainian grain exports on the Black Sea. The coverage, which Miller says is backed by
