Ukraine will suspend payments on $2 .6 billion in GDP warrants, a $700 million loan from Cargill Financial Services International and $830 million in bonds of state power firm Ukrenergo, the government said Tuesday.
Ukrainian battlefield testing of bioengineered human tissue to treat vascular injuries has shown positive results, with no patients suffering infections or amputations after wounds from bullets, mines or shrapnel, said Humacyte, the biotech company developing the treatment, known as ATEV. An initial 30-day follow-up on 16 Ukrainians treated with ATEV,
Russia continued a wave of missile and drone attacks for a second day Tuesday, killing at least four people and prompting widespread power outages as it targeted Ukraine's energy infrastructure, local authorities said. Several explosions rocked the Kyiv area as the attacks continued overnight and into Tuesday morning.
A promised $50 billion G7 support package for Ukraine is suffering delays and Ukrainian officials fear it may not be ready in time for an upcoming loan review by the International Monetary Fund, Bloomberg reported, citing unnamed government officials. The $50 billion in funding is meant to come in the
Arkaim Advisors' $470 million Emerging Markets Corporate High Yield Debt Fund has racked up a 12% return this year, beating 99% of its peers, by focusing on debt from Ukrainian companies, according to Bloomberg data. The UK-based firm, which specializes in acquiring debt of health companies in distressed countries,
Dragon Capital, one of Ukraine's most prominent investment firms, said it has sold Ukraine's sixth-biggest warehouse complex, now damaged by the war, to Avrora, the country's biggest retailer in what it described as a "landmark deal" for the war-time era. The complex
Ukrainian malls, factories, hotels, warehouses, retailers and other large businesses doubled the pace of construction of rooftop solar arrays and windmills for their own use in the first half as Russian attacks repeatedly hit Ukraine's power grid, according to national data. In the first half of 2024, businesses
The Swedish government has appointed Ulrik Tideström, its former ambassador to Georgia and Armenia, to the newly created position of special envoy for the reconstruction of Ukraine to promote Swedish businesses seeking to help rebuild the war-torn country. Tideström, currently the director of Diplomatic Training for the Ministry of Foreign
A government-proposed tax increase in Ukraine is key to maintaining support of foreign donors and bondholders who seek greater guarantees of medium-term stability, IMF Ukraine mission Chief Gavin Gray said. "The donors are looking for Ukraine to play its part in progressively becoming more self-reliant," Gray said. "
Indian Prime Minister Narenda Modi intends to discuss the prospects for peace as well as the reconstruction of Ukraine in his visit this week with Ukrainian President Volodomyr Zelensky, The Print reported, citing unnamed diplomatic sources. Modi, who arrives in Kyiv on Aug 23 after a two-day visit to Poland,
This review of Ukraine's premier legal directory "Ukrainian Law Firms. A Handbook for Foreign Clients," is written mainly with an eye to foreign investors interested in the reconstruction of Ukraine. The 10 law firms covered individually here include Sayenko Kharenko, Asters, Integrites, Baker McKenzie, Avellum, Dentons,
Peikko Group, a Finland-based global supplier of construction industry solutions, will build a factory and warehouse in the central Ukrainian city of Bila Tserkva in preparation for an expected surge in demand for the reconstruction of Ukraine. The group, which supplies concrete connections and slim floor structures worldwide, plans to
European Union Energy Commissioner Kadri Simson called for immediate action to help Ukraine repair heating and power facilities, decentralize energy production, install rooftop solar systems and expand interconnection capacity within months.
The Ukrainian government will miss Penny Pritzker's "Chicago style of doing things" now that she has been replaced as the US envoy for the reconstruction, Ukrainian Minister of Strategic Industries Oleksandr Kamyshin said. Pritzker, who finished her one-year term as envoy this month, gained a reputation
Timothy Snyder, the celebrity US historian, and actor Mark Hamill, the original Luke Skywalker, joined a campaign to raise $441,000 to buy 30 demining robots to clear land in Ukraine for civilian use and the reconstruction of the country. "This is a new campaign, starting right now, to
