Some $20 million has been raised in donations and government transfers for reconstruction and medical care after a Russian missile strike destroyed a wing of Ukraine's largest children's hospital on Monday. Ukraine's government said it has earmarked 100 million hryvnias ($2.4 million) for
The government-run Dutch Good Growth Fund (DGGF) has invested €4.5 million in Bank Lviv, marking the first foreign investment in a Ukrainian bank since the full-scale Russian invasion of 2022. The bank’s largest current shareholder, impact asset manager responsAbility Participations, based in Switzerland, added a €1
Clearance of land mines in Ukraine is picking up pace through a combination of foreign donations of demining vehicles, training of personnel and local manufacturing of related equipment. The number of demining vehicles in Ukraine jumped from zero last year to 30 at the start of 2024 and jumped a
Investment in Ukrainian tech companies may have started a turnaround in the first half of this year after dropping 11 percent in 2023, said AVentures Capital, an early-stage venture firm based in Ukraine. Ukrainians in the tech sector raised $283 million in the first six months of this year,
UK defense firm Pearson Engineering has won a contract from the International Fund for Ukraine (IFU) to supply remote mine clearance vehicles and other mine-clearing equipment to Ukraine, the company said. As part of the contract, Pearson Engineering will provide MW370 remotely controlled mine clearance vehicles to "defeat
NATO Secretary General Jens Stoltenberg will propose the creation of a $100 billion fund for Ukraine at a meeting of alliance foreign ministers on Wednesday, various news media reported, citing anonymous sources. The fund would be used to support Ukraine over the next five years, making up for delays in
Ukrainians can start filing damage claims from the Russian full-scale invasion as of Tuesday via a new claims register in The Hague, the executive director of the register announced. The Register of Damages for Ukraine, which opened formally Tuesday at an international conference, will initially take down claims of
Ukraine will have trouble negotiating its entry to the European Union unless the government raises the notoriously low pay for civil servants, the EU helps promote a more "agile" national civil service and Ukraine's neighbors offer advice based on their experience in joining the union, said
Russian attacks in the second half of March damaged or destroyed five of the six thermal power plants owned by DTEK, Ukraine's largest private energy generator, and repairs will cost more than $300 million, the company said. Russian attacks against Ukraine's energy infrastructure since March 22
The regional council of Vinnytsia in central Ukraine signed an agreement with four South Korean companies including Sambu Engineering & Construction and manufacturer Taemyung Industrial to work on projects related to reconstruction and manufacturing. The Korean delegation also included The Codi, a manufacturer of semiconductor and display equipment, and Roze
Conference Organizers: US-Ukraine Business Council (USUBC) and US Department of Commerce. Topics Covered: The need for expanded Political risk insurance (PRI) to support Ukraine's reconstruction. Speakers: David De Falco, Deputy Assistant Secretary for Europe and Eurasia, U.S. Department of Commerce. Sarah Nickel, Commercial Officer, U.S.
Ukraine is about to receive a $1.5 billion loan from the World Bank to help strengthen the country's social protection system, increase transparency in the use of public resources and support the functioning of public markets. The loan, announced last year, was approved by the World Bank
Russian brokers have launched a swap scheme meant to let Russian investors sell the securities that were frozen as a result of their country's invasion of Ukraine, according to the scheme's organizer. Under the plan, a central broker appointed by Russia's finance ministry has
The United States government has proposed the issuance of at least $50 billion in bonds backed by profits generated by frozen Russian assets to help support Ukraine, Bloomberg reported, citing unnamed sources. The plan, proposed to the US allies in the Group of Seven, envisions the creation of a special
Ukraine could completely shut down its "sponsors of war" list that calls out international companies that do business in Russia after complaints from China and France, Reuters reported, citing unnamed sources. The list, which names and shames 50 international companies for maintaining a presence in Russia after the
