Sumitomo Corporation has agreed to carry out a feasibility study on modernizing heat supply systems for Ukraine and Japanese manufacturer Komaihaltec has agreed to install 1 MW of wind turbines in the country. Both agreements were signed in Tokyo this week with Ukrainian state oil and gas company Naftogaz at
The Japan International Cooperation Agency (JICA), the entity that handles development funds for the Japanese government, has decided to invest $20 million in HCGF IV, the latest fund of Ukraine-focused private equity firm Horizon Capital. The investment, announced in Tokyo at the Japan-Ukraine Economic Reconstruction Promotion Conference, will
Japan has agreed to allocate €1.25 billion to support Japanese companies that invest in the reconstruction of Ukraine, Ukrainian Prime Minister Denys Shmyhal said during a visit to Tokyo. Shmyhal, whose visit comes as Japan host an international conference on the reconstruction of Ukraine, said the Japanese assistance will
A plan to use frozen Russian assets as collateral to issue debt for Ukraine would amount to an indirect seizure and would post financial stability risks to Europe, said the CEO of Belgian central securities depository Euroclear. CEO Lieve Mostrey said the plan would also make way for legal claims
Ukraine's economy grew at an annual pace of 3.5% in January, spurred by improvements in logistics and government spending, Economy Minister Yulia Svyrydenko estimated. An ease to shipping constraints in the Black Sea, expanded rail capacity and increased maritime cargo handling capabilities, plus an end to a
Nasdaq has signed an agreement with the Economy Ministry of Ukraine to help the country's reconstruction by waiving fees for Ukrainian companies that list on Nasdaq markets and offering advice on capital raising. Under the agreement, Nasdaq will also offer technical assistance on the future International Finance Center
The European Union adopted a law that sets aside profit generated from interest and other sources on frozen Russian assets held inside the EU in a first step toward using those assets to benefit Ukraine. The new law requires clearing houses, such as Everclear which holds most of the roughly
The Ukrainian government's economic policy in 2024 will focus on improving logistics in the country, boosting exports and drawing more foreign investment, Prime Minister Denys Shmyhal said. "First of all, we are expanding the geography of our exports," Shmyhal said at a Cabinet meeting. "We
The UK has agreed to extend a tariff-free trading period with Ukraine to 2029, meaning businesses from neither country will pay import duties on almost all products, Ukrainian Economy Minister Yulia Svydydenko said. The agreement adds five years to the existing tariff-free agreement, which the countries signed shortly
Turkish drone maker Baykar is building a factory near Kyiv where it will employ some 500 people to manufacture drones, Reuters reported from an impromptu interview with the company's CEO. "We need about 12 months to finish construction and then we will move on to internal machinery,
(Today, URN Behind the Scenes tells the story of a complicated, sometimes dangerous mission to deliver four shiploads of pipe from Asia to sites through war time as Ukraine seeks to loosen Russia’s stranglehold on the European natural gas market.) US supply chain solutions company Logistics Plus, Inc. has
The leaders of the 27 European Union nations unanimously approved a €50 billion aid package for Ukraine, alleviating some of the doubt surrounding the Ukrainian government's ability to finance its budget and keep paying for its fight against Russia. Passage of the so-called Ukraine Facility aid program,
Romania jumped to the top of the list of importers of Ukrainian agricultural products in 2023 as the Ukraine-Russia war prevented many traditional export routes, the national Institute of Agrarian Economics said. Romania imported $2.56 billion worth of Ukrainian agricultural goods in 2023, or 13% of Ukraine'
Ambassadors from all 27 European Union nations agreed to set aside windfall profits generated from frozen Russian assets with the intention of using them to help pay for the reconstruction of Ukraine, Reuters reported. An unnamed source from Belgium, which holds the rotating presidency of the EU, told the news
All 27 member nations of the European Union have agreed to support the EU's €50 billion aid package for Ukraine and it is likely to pass at the start of next month, Ukrainian Prime Minister Denys Shmyhal said. “On Feb 1 we expect the EU to approve a
A Russian military transport plane that crashed Wednesday was actually shot down by Ukraine, and it was carrying 65 Ukrainian prisoners meant for a prisoner swap program, Russia's Ministry of Defense said. While Ukraine didn't comment on the cause of the crash, President Volodymyr Zelensky accused
