Denmark has allocated €7.2 million to restore the water supply infrastructure in Mykolaiv's Korabelny neighborhood as a pilot project for similar works throughout the southern Ukrainian city. The project aims to restore freshwater access, damaged in an attack shortly after the 2022 Russian invasion of Ukraine, said
The Italian government has pledged €45 million to restore five architectural monuments in the southern Ukrainian city of Odesa that have been damaged during the Russian invasion, said an Odesa city official. Ivan Liptuha, head of the city council's Department of Culture and European Integration, told the news
France has committed to delivering 19,000 tonnes of railway track to support the recovery of Ukraine and help streamline its rail services with those of Western Europe, said Pierre Heilbronn, France's envoy to the reconstruction of Ukraine. The first shipment of the track, which is enough to
Shortly after saying he will not let Ukraine use German weapons in long-range strikes against Russia, German Chancellor Olaf Scholz called for an intensification of efforts to end the war. "I believe that now is the moment when we also need to discuss how we can get out
Polish Foreign Minister Radosław Sikorski urged European governments to halt social payments for Ukrainian men of conscription age living abroad to encourage them to return and join the fight against the Russian invasion, online Ukrainian newspaper Dzerkalo Tyzhnia reported. "Hiding from conscription is not a reason for financial assistance.
Ukraine's energy infrastructure needs a modern-day Marshall Plan, costing as much as $50 billion, to counter the severe impact of Russian attacks and decentralize energy production, Maxim Timchenko, CEO of DTEK, the largest private investor in Ukraine's energy sector. "Our key task must be
The European Bank for Reconstruction and Development (EBRD) has agreed to extend a €175 million facility to PrivatBank and €150 million to Ukrgasbank as part of a program to improve Ukraine's energy security, the European financial institution said. The lenders will use the unfunded portfolio-risk-sharing facilities
Ukraine’s first homegrown demining vehicle, the Zmiy, or "Snake," developed by Rovertech, has passed certification testing and is ready to begin clearing minefields at the rate of up to 2.5 hectares per hour, the government said. The remotely controlled vehicle, developed by Ukrainian company Rovertech, is
The UK announced more than £600 million in aid for Ukraine and the US announced $717 million in economic and humanitarian assistance in the first-ever joint visit by the top diplomats of the two nations. David Lammy, in his first visit to Ukraine as foreign secretary of the UK,
Ukrainian President Volodymyr Zelensky and other government officials are reaching out to Ukraine's evangelical Christian population in hopes of gaining greater influence with evangelicals, and Republicans, in the United States, according to a report by The Washington Post. In June, Zelensky attended the National Prayer Breakfast, a political
Land mines laid since the Russian invasion of 2022 are shaving more than $11 billion per year off of Ukraine's GDP, according to the Tony Blair Institute for Global Change. A study by the institute and Ukraine's Economy Ministry also found that the mines have lowered
The International Monetary Fund (IMF) agreed to grant Ukraine access to an additional $1.1 billion in aid after a team visited Kyiv for the fifth review of the organization's $15.6 billion, four-year program with the war-torn country. The package, under an Extended Fund Facility
Greenpeace has opened a new office in Kyiv to boost its focus on promoting green projects in the reconstruction of Ukraine as well as to research environmental crimes stemming from Russia's invasion, the environmentalist organization said. The group said it will also monitor security concerns and radiation levels
A serious shortage of personnel in the construction materials market due to the refugee crisis and military service in Ukraine is hampering production and economic development, various industry associations have said. In a feature report, news agency Interfax Ukraine spoke to heads of industry associations, who said the shortage has
Aon and Marsh McLennan, the world's biggest insurance brokers, have called on the insurance industry to scrap their blanket exclusions of coverage in Ukraine and start offering insurance again despite the ongoing war. The blanket exclusion of Ukraine, along with Russia and its ally, Belarus, "overlooks that
A consortium led by NJJ Capital, owned by French billionaire Xavier Niel, has finalized the acquisition of Lifecell, Ukraine's third-largest mobile operator, and fixed telecom provider Datagroup-Volia, in a deal worth at least $524 million. "The closing of this landmark transaction will serve as a
