The losses, the damage, the insurance and the war.
Fitch Ratings downgraded Ukraine's credit rating to C from CC after the government signed a preliminary agreement with a group of creditors to restructure $20 billion in debt. Fitch said the cut to Ukraine's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) reflects its opinion
Ukraine has reached a preliminary agreement with a group of international creditors to restructure more than $20 billion in debt so it can reserve resources for the war and reconstruction. Ukraine's international creditors agreed to write off more than a third of the nominal value of the debt
Former US President Donald Trump, whose re-election campaign has intensified in energy since the assassination attempt against him last weekend, pledged to end the war between Russia and Ukraine in a telephone call Friday with Ukrainian President Volodomyr Zelensky. "I appreciate President Zelenskyy for reaching out because I,
Clearance of land mines in Ukraine is picking up pace through a combination of foreign donations of demining vehicles, training of personnel and local manufacturing of related equipment. The number of demining vehicles in Ukraine jumped from zero last year to 30 at the start of 2024 and jumped a
Ukraine could completely shut down its "sponsors of war" list that calls out international companies that do business in Russia after complaints from China and France, Reuters reported, citing unnamed sources. The list, which names and shames 50 international companies for maintaining a presence in Russia after the
The Ukrainian government has allocated 3 billion hryvnias ($78 million) to compensate farmers who pay to demine their properties, Prime Minister Denys Shmyhal said. The allocation, which is a third more than the 2 billion hryvnias originally planned, will cover 80% of the cost of demining for farmers who procure
S&P Global cut Ukraine's long-term foreign currency credit rating and warned that it expects the country to default on its external commercial obligations as the war drags on at least through the year and government spending remains extremely high. "The rating action reflects our
Palantir, the US tech firm founded by billionaire Peter Thiel, has agreed to supply the Ukrainian government with big data and artificial intelligence technologies to help with land mine clearance. Under the agreement, Palantir will digitize Ukrainian demining operations, automate mine clearance operations up to 2033, help set demining priorities
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
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
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%
(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
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
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
