Turkish drone maker Baykar is building a factory near Kyiv where it will employ some 500 people to manufacture drones, Reuters reported from an impromptu interview with the company's CEO. "We need about 12 months to finish construction and then we will move on to internal machinery,
(Today, URN Behind the Scenes tells the story of a complicated, sometimes dangerous mission to deliver four shiploads of pipe from Asia to sites through war time as Ukraine seeks to loosen Russia’s stranglehold on the European natural gas market.) US supply chain solutions company Logistics Plus, Inc. has
The leaders of the 27 European Union nations unanimously approved a €50 billion aid package for Ukraine, alleviating some of the doubt surrounding the Ukrainian government's ability to finance its budget and keep paying for its fight against Russia. Passage of the so-called Ukraine Facility aid program,
Romania jumped to the top of the list of importers of Ukrainian agricultural products in 2023 as the Ukraine-Russia war prevented many traditional export routes, the national Institute of Agrarian Economics said. Romania imported $2.56 billion worth of Ukrainian agricultural goods in 2023, or 13% of Ukraine'
Ambassadors from all 27 European Union nations agreed to set aside windfall profits generated from frozen Russian assets with the intention of using them to help pay for the reconstruction of Ukraine, Reuters reported. An unnamed source from Belgium, which holds the rotating presidency of the EU, told the news
All 27 member nations of the European Union have agreed to support the EU's €50 billion aid package for Ukraine and it is likely to pass at the start of next month, Ukrainian Prime Minister Denys Shmyhal said. “On Feb 1 we expect the EU to approve a
A Russian military transport plane that crashed Wednesday was actually shot down by Ukraine, and it was carrying 65 Ukrainian prisoners meant for a prisoner swap program, Russia's Ministry of Defense said. While Ukraine didn't comment on the cause of the crash, President Volodymyr Zelensky accused
The European Union is unlikely to give $300 billion in frozen Russian assets to Ukraine even as other forms of aid for the country are at least temporarily blocked, Reuters reported, citing unnamed senior EU officials. "Confiscation of the capital of the Russian assets is not going to happen,
A rapidly spreading fire disrupted operations of Russian natural gas supplier Novatek at the Ust-Luga export terminal 0n the Baltic sea coast after a suspected Ukrainian drone attack, according to news agencies. Ukrainian state news agency Ukrinform said the State Security Service of Ukraine claimed responsibility for the attack
Donald Trump's claim that he would end the Russia-Ukraine war "within 24 hours" if he becomes president of the US again is "very dangerous," said Ukrainian President Volodymyr Zelensky. Zelensky calls Trump's election vow to bring immediate end to war in
The lack of a meeting between Chinese Premier Li Qiang and Ukrainian President Volodymyr Zelensky at this weeks events in Davos represents a snub by the Asian nation and a further sign that China has sided firmly with Russia in the war, Politico wrote. China was absent from a meeting
Ukrainian President Volodymyr Zelensky met with executives from JP Morgan, BlackRock, the Carlyle Group, Blackstone and others in Davos as he seeks to shore up Western commitment to investing in his country's fight against Russia and its eventual reconstruction. At the meeting, hosted by JPMorgan, Zelenksy stressed the
The reconstruction fund that BlackRock and JP Morgan are setting up for the Ukrainian government will be "ready to take action" this year, Reuters reported, citing BlackRock Vice-Chairman Philipp Hildebrand. "We want to be ready to deploy with at least soft commitments from donor countries,"
Private equity group Horizon Capital has invested in Viseven, a global pharma marketing technology provider founded in Ukraine, through the $328 million Horizon Capital Growth Fund IV. Horizon didn't say how much it invested in Viseven, which was founded in Ukraine in 2009 and has since grown to
The agriculture ministers of eastern European Union members Poland, Hungary, Romania, Slovakia and Bulgaria wrote a letter to Brussels demanding the EU impose customs duties on agricultural products from Ukraine. The joint letter to European Commission officials asks for duties "on the most sensitive agricultural products" to protect
The war in Ukraine has curbed the power of the country's oligarchs, draining much of their wealth and political influence and giving the authorities a chance to forever loosen their stranglehold on the country, the New York Times reported. In the first year after Russia's full-
