Support in Western nations for spending almost $300 billion in frozen Russian assets on Ukraine is increasing, but diplomats and policymakers are now quietly considering using that money to fund the war effort rather than reconstruction, the New York Times reported. The Biden administration is discretely calling on allies in
The European Investment Bank (EIB) has announced the disbursement of €99.6 million in loans for the reconstruction of Ukrainian hospitals, water facilities and other infrastructure damaged by Russian shelling. The loans, to come in tranches of €60 million and €39.6 million, are earmarked for almost 200 small municipal
The governors of the European Bank for Reconstruction and Development (EBRD) approved a €4 billion increase to the bank's paid-in capital so it can invest more in Ukraine's reconstruction and war-time needs. The added shareholder capital, which brings the bank's paid-in capital to €34
Ukrainian mine clearance teams and surveyors have given farmers back 205,000 hectares (506,000 acres) of farmland this year that was deemed a priority for de-mining, Ukrainian Economy Minister Yulia Svyrydenko said. The total represents almost 44% of the 470,000 hectares of farmland that the government had marked
The European Union has agreed to start talks that could lead to Ukraine joining the EU after Hungarian Prime Minister Viktor Orban decided at the last moment to refrain from vetoing the talks.
Investors from three nations will sign deals in Ukraine with Rothschild & Co in Ukraine worth more than $400 million combined in the coming quarter, a senior Rothschild banker told Ukraine Rebuild Newswire.
A European Commission proposal would separate proceeds generated from frozen Russian from the frozen assets themselves in a step toward toward using the funds for the reconstruction of Ukraine, a European Union official told Politico. European proposal would separate proceeds from frozen Russian assets as first step in transfer to
Chicago Atlantic has hired the Ukrainian government's highest-profile private investment promoter, Sergiy Tsivkach, to strengthen its "Trident" Ukraine investment strategy, the $2 billion private market investment management group told Ukraine Rebuild Newswire.
Russia is looking for ways to transfer a portion of its frozen reserves to a global fund meant to offset damage from climate change to the world's poorer nations, the country's climate envoy said at the ongoing COP28 United Nationals climate summit in Dubai. "We
Corruption poses a bigger threat to the reconstruction of Ukraine than renewed fighting once the war ends, according to a survey of Ukrainians taken for Transparency International. Some 79% of Ukrainians cite "lack of control and embezzlement" as a top concern regarding the reconstruction of the country, the
The German government and the European Investment Bank (EIB) have offered a €20 million grant to install renewable energy systems in Ukrainian schools, hospitals and other public buildings. The grant will be used to install solar energy systems, biomass energy solutions and geothermal heat pumps in buildings that are already
German arms manufacturer Rheinmetall plans to manufacture armored vehicles in Ukraine in a partnership with the Ukrainian government, the country's prime minister said. "This is a flagship project to unite the forces of Ukraine and European arms manufacturers to achieve a just peace and ensure our common
Danish wind turbine manufacturer Vestas has agreed in principle to work with Ukrainian renewable energy provider DTEK to develop the second phase of Ukraine's largest wind power project. The phase is meant to add 384 MW of capacity to the Tyligulska Wind Power Plant, in the southern Ukrainian
Rothschild & Co is in talks with investors looking at the reconstruction of Ukraine and "hopes" to announce two deals worth more than $200 million each in the first quarter of 2024, a senior Rothschild official said.
Ukrainian businesses remained slightly pessimistic about their short-term outlook for a second straight month in November, led by further deterioration of the outlook in the construction sector, according to the National Bank of Ukraine. The central bank's monthly business activity expectations index fell to 49.1 in November
