The National Bank of Ukraine (NBU) is exploring the possibility of launching its own retail digital currency (CBDC), the e-hryvnia, with a pilot project currently in preparation, NBU Deputy Chairman Oleksiy Shaban said. According to Shaban, the e-hryvnia is intended to complement, not replace, cash and bank account balances and
The UK has named MP Alex Sobel, who has served since 2017 as a member of parliament for the Labour Party, as trade envoy to Ukraine, the UK embassy in Kyiv said on Wednesday. "He will focus on identifying trade and investment opportunities for British businesses and promoting the
Ukraine has seized UAH 2.11 billion ($50.3 million) worth of raw materials from Russian aluminum tycoon Oleg Deripaska, two years after blocking their export, the Security Service of Ukraine (SSU) said on Wednesday. The SSU reported that nearly 500,000 metric tons of bauxite and alumina, stored at
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 facilities
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
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 of the DPA,
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
