The US International Development Finance Corporation (DFC) has established a full-time presence in Kyiv with a staffer moving into the US Embassy and will strengthen that presence soon, a senior agency official said. "We have a presence at the embassy since January, which is new for the DFC,
An insurance facility that has enabled ships to carry grain out of Ukraine via the Black Sea despite war-related risks is expanding to include all other products, one of the facility's organizers said. The expansion, which excludes war-related goods, is already in effect but a formal
Marsh McLennan and the Ukrainian government are working to cut the cost of insuring business travelers by about 80% with a plan to be carried out in the first half of this year, said an official of the insurance broking giant. "Getting cover costs about $1,200 per day
Ukrainian investment firm Dragon Capital has leased out all of the newly built warehouse space in its industrial park in the western Ukrainian city of Lviv as prospective tenants lined up to compete for space despite the ongoing war, a company official said. Days after announcing the availability of 14,
European Commission President Ursula von der Leyen said in a speech to the European Parliament that profit generated from some $300 million in Russian assets frozen by Western nations should be used to buy weapons for Ukraine. The comment deviates from the common position that such profits, predicted to total
US companies are likely missing out on contracts to rebuild Ukraine and support its fight against Russia due to overly aggressive State Department travel advisories, warn a former senior CIA official and the ex-head of BP’s Global Intelligence and Analysis team. The State Department's blanket warning
Ukrainian investment firm Dragon Capital has commissioned the first phase of the industrial park it is developing in the western city of Lviv, with a 14,400 square-meter warehouse complex now in operation. "This project will strengthen the infrastructural capacity of Ukraine and the economic landscape of the
Bulgaria will take an "active role" in the reconstruction of Ukraine, particularly in rebuilding and overhauling its renewable energy and nuclear power sectors, the Ukrainian government said. Ukrainian Prime Minister Denys Shmyhal and his Bulgarian counterpart, Nikolai Denkov, also agreed in a meeting in Kyiv to explore the
Frozen Russian assets in the UK, Luxembourg and Switerland alone could pay for the reconstruction of Ukraine's transport infrastructure, including six civilian airports, at least 344 bridges and 25,000 kms of highways, Ukrainian Foreign Minister Dmytro Kuleba said. And such assets currently held in Germany, Austria, Ireland
Ukraine has rebuilt 23,000 apartment buildings and private houses and 600 schools that have been damaged or destroyed during the past two years of war, Prime Minister Shmyhal said in a weekend press conference. That means less than 15% of damaged homes and less than 18.6% of schools
Ukraine-focused private equity firm Horizon Capital has raised $350 million for its HCGF IV fund, exceeding its initial target by $100 million, after a $20 million commitment from the Japanese government development agency. The HCGF IV fund, which seeks to invest in fast-growing, mostly technological and export-oriented
Some 29% of member companies of the American Chamber of Commerce in Ukraine have had employees killed in the war with Russia and 31% have had employees injured, according to a survey. The chamber also said only 54% of their members said all of their employees are safe, and 30%
The International Monetary Fund has reached a staff-level agreement to disburse $880 million to Ukraine as part of its ongoing loan to the country, the fund said in a press release. The disbursement follows the third review, held in Warsaw over the past week, of the IMF's
By Adam Brown, URN Editor-in-Chief (This is the first in the URN Pulpit series of editorials. Such sermonizing will appear on these pages when Adam's muse strikes or his blood pressure spikes.) The Guardian has just announced the "main winners" in the Russia-Ukraine
The International Monetary Fund is in talks with representatives of the Ukrainian government about the disbursement of a $890 million payment from its $15.6 billion loan, Reuters reported, citing unnamed sources. The IMF has declined to comment officially on the amount of money at the center of the talks,
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
