Industrial electricity consumers in Ukraine can now import power from neighboring countries to offset power disruptions caused by Russian attacks, severe weather and other disturbances, the Ukrainian government said. Companies that import electricity will not be subject to any energy supply restrictions except for "special emergency cut-off schedules"
The European Bank for Reconstruction and Development (EBRD) is providing Credit Agricole Ukraine with a €12.5 million unfunded portfolio risk-sharing facility to unlock lending in the agriculture, food processing, retail, transport and pharmaceutical sectors. The facility is meant to unlock €50 million in loans to stimulate investment in modernization
The European Investment Bank (EIB) issued two loans totaling €450 million to help Ukraine repair damaged infrastructure and support the country's economy, the lender said during a high-level visit to Kyiv. The loans, financed by the bank’s member-backed EU for Ukraine fund, comes as EIB President Werner
Korea Water Resources Corp, the South Korean conglomerate best known as K-water, has agreed to repair and upgrade water supply facilities in the war-damaged Kyiv suburb of Bucha and help build an industrial complex there, the Korea Herald reported, citing the company. Under the agreement, signed during a visit by
The BlackRock-coordinated Ukraine Development Fund (UDF) will seek between $500 million and $1 billion of "catalytic capital" as a step toward attracting $2 billion to $4 billion in commercial capital, a BlackRock spokesperson said. The fund, which is being created pro-bono for the Ukrainian government by BlackRock'
The US International Development Finance Corporation (DFC) issued a $40 million loan portfolio guarantee to Raiffeisen Bank that will allow the bank to issue $50 million in loans to micro, small and mid-size businesses in Ukraine over the next eight years. The DFC guarantee, developed with technical support from United
The European Bank for Reconstruction and Development (EBRD) has agreed to lend €200 million to Ukrainian state gas company Naftogaz to build up gas reserves ahead of the winter heating season. The loan is the second part of a €500 million package, including €300 million lent last year to help
Major South Korean state-run railway firms signed an agreement to help Ukrainian state-owned rail operator Ukrainian Railways build an express railway to neighboring Poland, Korean news agency Yonhap reported. The companies, state-run railway operator Korea Railroad Corp (Korail) and the Korea National Railway (KNR), also agreed to help boost the
More than 10,000 civilians have been killed and more than 18,500 injured in fighting in Ukraine since Russia invaded the country in February of last year, according to a report by the UN Human Rights Office. The elderly account for an outsized share of the deaths because they
The CEOs of Japanese companies including Kubota, JFE Engineering, IHI, Nippon Koei and others are accompanying senior Japanese political figures on a trip to Ukraine this week to assess opportunities in the reconstruction. The delegation, led by Senior Vice Foreign Minister Kiyoto Tsuji and Senior Vice Economy Minister Kazuchika Iwata,
The Council of Europe Development Bank (CEB) has agreed to lend €100 million to Ukraine's Ministry of Health to rebuild hospitals, clinics and other medical facilities damaged in the war with Russia. The loan, the CEB's first to Ukraine, is also meant to support mobile teams
Ukrainian state-owned gas producer Naftogaz announced the discovery of a "promising" gas deposit in a gas field in the Carpathian mountains that had been considered depleted. Testing of the deposit showed a gas flow rate of more than 200,000 cubic meters per day, the highest UGV in
The Rebuilding Ukraine Agency, a member-owned organization of mostly US-based businesses focused on the reconstruction of Ukraine, is coordinating $195 million in war-time financing for state nuclear power company Energoatom to build new generation capacity and expand centralized storage for spent nuclear fuel. The agency, part of the US-based financing
(This is the second part of a two-part feature on the labor crunch in Ukraine caused by the westward flight of millions of refugees. If you haven't read Part I, click here to do so) As millions of Ukrainian refugees settle into Germany, the UK, the US and
The board of directors of the European Bank for Reconstruction and Development (EBRD) has called for a paid-in capital increase of €4 billion that would let the bank, already the largest lender to Ukraine, double its investment in the country. "The additional capital would enable the EBRD to continue
