Today's Contents Just The Facts: * Ukraine starts legal case to seize assets of Russian oil giant Tatneft * Ukraine to merge First Investment Bank into Ukrposhta to create a postal bank * South Korean heavy equipment maker HD Hyundai XiteSolution opens office in Ukraine * Ukrainian companies spent a record $670
HD Hyundai XiteSolution, the Korea-based manufacturer of heavy machinery, has opened a representative office in Ukraine's capital, as part of a strategy to support Ukrainian economy. During the opening ceremony, the company said it intends to participate in reconstruction projects and is exploring options for establishing production
Ukraine initiated legal proceedings to enforce a sanction that would transfer the assets of Russian oil giant Tatneft to the Ukrainian state. The lawsuit named over 20 individuals and companies linked to Tatneft, including the company's management head, Rustam Minnikhanov.
Spain's Minister of Foreign Affairs Jose Manuel Albares announced €10 million in humanitarian aid for Ukraine during his visit to Lviv on Tuesday. This funding brings Spain's total humanitarian support to Kyiv to €100 million since the beginning of the Russian invasion. Spain has provided €400
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
Today's Contents Just The Facts: * Consumer and commercial lending in Ukraine has grown steadily over past year, central bank governor says * EC to continue talks with Ukraine on gas supply as EU Council renews Russia sanctions, document shows * Ukraine's Kernel halts operations at 1 plant due
Lending in Ukraine has been steadily growing over the last year in both corporate and retail segments, said National Bank of Ukraine (NBU) Governor Andriy Pyshny. Ukrainian banks have seen growth of 21% in net commercial loan portfolios and 39% in consumer loan portfolios Pyshny highlighted.
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
Anastasia Radina, head of the Ukrainian parliament's anti-corruption committee called for the resignation of Defense Minister Rustem Umerov after he fired the head of the Defense Procurement Agency (DPA), Maryna Bezrukova. Pro-reform lawmakers and anti-corruption activists are accusing Umerov of attempting to undermine the independence
European officials are pushing the new US administration under President Donald Trump to commit to security guarantees for Ukraine amid diplomatic efforts to end the Russian invasion, unnamed sources told Bloomberg. European allies generally agree with Ukrainian President Volodymyr Zelensky that US troops' involvement in any future peacekeeping forces
Czechia has prepared a "non-paper" draft plan showcasing the steps needed for gradually integrating Ukraine and Moldova into the European Union internal market, sources say. The draft plan includes measures in individual sectors, such as energy, agriculture and telecoms. The prepared document aims to expand free trade
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
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
