The European Union is unlikely to give $300 billion in frozen Russian assets to Ukraine even as other forms of aid for the country are at least temporarily blocked, Reuters reported, citing unnamed senior EU officials. "Confiscation of the capital of the Russian assets is not going to happen,
A rapidly spreading fire disrupted operations of Russian natural gas supplier Novatek at the Ust-Luga export terminal 0n the Baltic sea coast after a suspected Ukrainian drone attack, according to news agencies. Ukrainian state news agency Ukrinform said the State Security Service of Ukraine claimed responsibility for the attack
Donald Trump's claim that he would end the Russia-Ukraine war "within 24 hours" if he becomes president of the US again is "very dangerous," said Ukrainian President Volodymyr Zelensky. Zelensky calls Trump's election vow to bring immediate end to war in
The lack of a meeting between Chinese Premier Li Qiang and Ukrainian President Volodymyr Zelensky at this weeks events in Davos represents a snub by the Asian nation and a further sign that China has sided firmly with Russia in the war, Politico wrote. China was absent from a meeting
Ukrainian President Volodymyr Zelensky met with executives from JP Morgan, BlackRock, the Carlyle Group, Blackstone and others in Davos as he seeks to shore up Western commitment to investing in his country's fight against Russia and its eventual reconstruction. At the meeting, hosted by JPMorgan, Zelenksy stressed the
The reconstruction fund that BlackRock and JP Morgan are setting up for the Ukrainian government will be "ready to take action" this year, Reuters reported, citing BlackRock Vice-Chairman Philipp Hildebrand. "We want to be ready to deploy with at least soft commitments from donor countries,"
Private equity group Horizon Capital has invested in Viseven, a global pharma marketing technology provider founded in Ukraine, through the $328 million Horizon Capital Growth Fund IV. Horizon didn't say how much it invested in Viseven, which was founded in Ukraine in 2009 and has since grown to
The agriculture ministers of eastern European Union members Poland, Hungary, Romania, Slovakia and Bulgaria wrote a letter to Brussels demanding the EU impose customs duties on agricultural products from Ukraine. The joint letter to European Commission officials asks for duties "on the most sensitive agricultural products" to protect
The war in Ukraine has curbed the power of the country's oligarchs, draining much of their wealth and political influence and giving the authorities a chance to forever loosen their stranglehold on the country, the New York Times reported. In the first year after Russia's full-
An increasing number of countries is joining talks meant to prepare for peace in Ukraine in a "good sign" that the world understands the severity of the situation in the country, Ukrainian presidential chief of staff Andriy Yermak said at a conference in Davos. In total, 83 delegations
Ukrainian President Volodymyr Zelensky is scheduled to meet JP Morgan Chase CEO Jamie Dimon in Davos this week as the country seeks financial commitments to help fight Russia and rebuild its infrastructure, Bloomberg reported, citing unnamed sources. The two will meet at the World Economic Forum as key representatives from
More than $1 billion worth of Stinger missiles, night vision goggles, attack drones and other military equipment that the US has supplied to fight Russia was not properly tracked after it reached Ukraine, according to a report by the inspector general of the US Department of Defense.
Italian Prime Minister Giorgia Meloni is working to persuade her Hungarian counterpart, Viktor Orban, to drop his opposition to a proposed European Union aid package for Ukraine and improve his relationship with Ukrainian President Volodymyr Zelensky, Bloomberg reported, citing unnamed sources privy to the discussions. Orban, whose veto power is
Onur Group, the Turkish construction firm, plans to invest $500 million inUkraine by 2030, doubling its current investment, as it participates in the reconstruction of the country and enters new areas of the post-war economy, Business Ukraine magazine reported. Emre Karaahmetoglu, the general coordinator of Onur Group's
Kinsgpan, the multinational building materials manufacturer, aims to build up to seven factories in a single manufacturing campus in western Ukraine in the next two years and roll out its first Made-in-Ukraine products by 2026 for both the local market and export, a company official told Ukraine Rebuild
(Kingspan details its €280 million investment in Ukraine, for the first time, in a URN Exclusive out today. In this Behind the Scenes sidebar report, Kingspan alerts URN subscribers to the many opportunities the investment could open up, and offers a look at the challenges behind the move.) Although Kingspan&
