The European Union has disbursed €3 billion to Ukraine's state budget as part of EU's contribution under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative. The ERA initiative — which envisages the allocation of $50 billion to be allocated to Ukraine — will be backed by future
US President-elect Donald Trump has extended his vow to end the war in Ukraine in "24 hours" to several months, and will likely continue supporting Ukraine after inauguration on Jan 20, two unnamed European officials said. "The whole [Trump] team is obsessed with strength and looking strong,
Slovakia is considering actions against Ukraine, including suspending aid, if a resolution is not reached regarding the halted Russian gas transit through Ukraine, Slovak Prime Minister Robert Fico stated on Thursday. The statement came after Fico's talks with European Union Energy Commissioner Dan Jorgensen. Fico accused Ukraine of
The European Investment Bank will use the DREAM platform, the state portal meant to organize the reconstruction of Ukraine, to allocate €100 million to support community recovery and development projects, DREAM said. Activities under the project include distributed generation facilities, municipal housing, water supply and sanitation, and healthcare.
The administration of Joe Biden announced $500 million assistance package to Ukraine, consisting of weapons and equipment needed for defense against Russia. The assistance, which is part of security assistance President Biden announced on Sept. 26, will be provided under the drawdowns from Department of Defense stocks.
Ukraine's small- and medium-sized farmers have been heavily impacted by the energy crisis exacerbated by the war with Russia, according to a study by the US-based non-governmental humanitarian organization Mercy Corps. For instance, farmers relying on generators to irrigate land reported a stark yield disparity: 15 tons per
The European Investment Bank (EIB) said it has provided a second loan tranche, of €4.7 million, backed by European Union guarantees, to ease the reclamation of the Hrybovychi solid waste landfill in Ukraine's western city of Lviv. The funding will facilitate Phase II rehabilitation efforts at the
Big Wines, a Ukrainian subsidiary of international wine group Vinos de la Luz, has acquired local wine company 46 Parallel Wine Group. Financial terms of the transaction were not disclosed.
McGill and Partners, Lloyd's Lab insuretech FortuneGuard, and ARX have partnered to launch a Ukraine War Risk Insurance Facility for commercial property and investments with $50 million limit per risk. The new limit is higher than existing ceiling for insurance, which provides "an unprecedented way and addressing
Ukrainian company A3tech-Ukraine has completely localized the production of demining machines of the Croatian company DOK-ING, according to government officials. The company tested the first localized demining machine in the spring last year, said Ukraine Deputy Minister of Economy Ihor Bezkaravayny. "It was then that plans were announced to
The German building materials manufacturer Knauf has started construction of its second factory in Ukraine with an investment of €150 million, Dmytro Kysylevskyi, deputy chairman of Ukraine's parliamentary committee of economic development, said on Wednesday. The new plant, in Borshchiv in Ukraine's Ternopil region, will have
Norway will allocate NOK 164 million ($14.4 million) in 2025 to support the clearance of mines and explosives in Ukraine. The funding will go towards strengthening the training facilities for mine clearance dogs and dog handlers that the Norwegian People's Aid and the State Emergency Service of
Ukraine is ready to help address the energy crisis in the breakaway Moldovan region of Transnistria with coal supplies, Ukraine's President Volodymyr Zelensky said on Wednesday. "We are ready to help Moldova, in particular, with coal," Zelensky said in his nightly address to the nation following
The Joe Biden administration is set to announce a final weapons aid package for Ukraine as part of Defense Secretary Lloyd Austin's visit to Germany on Thursday, two unnamed senior defense officials said. Austin will meet in Germany with representatives of around 50 partner nations who have come
