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
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
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
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
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
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
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
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
