The losses, the damage, the insurance and the war.
Florida-based Safe Pro Group, which offers cloud-based AI solutions for processing drone imagery in humanitarian mine clearance, said it has signed a multi-year memorandum of understanding (MoU) with Ukraine's Center of Excellence for Mine Action and Environmental Security.
The European Commission (EC) said it has approved a €1.5 billion Polish state-backed scheme to reinsure transport in Ukraine, aiming to sustain trade flows disrupted by Russia's ongoing aggression.
John Moran, who's resigning from the US International Development Finance Corporation (DFC) after nearly 25 years, has garnered a wealth of expertise in many topics crucial to Ukraine's future, particularly in de-risking and catalyzing private sector investment in tough environments.
UK-based reinsurer MS Amlin has committed up to €110 million in reinsurance capacity over five years to support war risk policies underwritten by three Ukrainian insurers through a scheme developed with the European Bank for Reconstruction and Development (EBRD) and professional services firm Aon. MS Amlin said it had bound
London-based insurance broker McGill and Partners has developed an AI-powered war risk reinsurance facility for commercial property in Ukraine, This is Money reported, citing Hamish Greenwood, head of crisis management at McGill. The new facility, developed with Ukrainian insurance tech start-up FortuneGuard, uses data on missile strikes to help underwriters
Switzerland-based Ferrexpo said it needs more time to finalize its full-year 2024 financial results due to recent developments in Ukraine and ongoing discussions with the firm's auditors concerning its subsidiary, Ferrexpo Poltava Mining (FPM). Last week, the State Bureau of Investigation in Ukraine (SBI) said that a Kyiv
Dutch special purpose entity E.M.I.S. Finance has filed an arbitration claim against Ukraine seeking to recoup $400 million in lost investments due to the nationalization of Sense Bank, former Alfa-Bank Ukraine, Russian business newspaper Vedomosti reported. Ukraine's government completed the nationalization of Sense Bank, the
Ukraine has made progress in its efforts to prevent corruption among judges, prosecutors and members of parliament despite the "extremely difficult" wartime conditions, the Council of Europe's anti-corruption group body has found in its latest report. The country has carried out 18 of Greco's
Ukraine's State Bureau of Investigation said on Thursday it is preparing, jointly with the Ministry of Justice, to submit an appeal at the High Anti-Corruption Court seeking to nationalize the Poltava mining and processing plant owned by Swiss-headquartered and London-listed miner and iron ore pellets maker Ferrexpo. In
London-listed miner Ferrexpo announced on Tuesday that a civil claim totaling $3.76 billion had been filed against its Ukrainian subsidiary, Ferrexpo Poltava Mining (FPM), over alleged illegal mining activities and the sale of waste products. "Initial accusations on the illegal sale of waste products have transformed into accusations
International Atomic Energy Agency (IAEA) Chief Rafael Grossi warned that Russian attacks on Ukraine's power grid could result in a nuclear accident. Grossi made the statement during a visit to Kyiv to meet with Ukrainian officials regarding nuclear safety. He added that such an accident could result from
Oleksandr Yanukovych, the son of former Ukrainian President Viktor Yanukovych, is allegedly behind the largest exporter of coal from Ukraine's occupied territories, according to Important Stories, or iStories, an independent Russian investigative journalism site. Yanukovych Jr is reportedly linked to Energoresurs, a company registered in a modest office
The National Anti-Corruption Bureau of Ukraine (NABU) opened a criminal case investigation involving the country's Defence Minister Rustem Umerov, which could worsen a dispute within the ministry over arms procurement, Reuters reported, citing NABU. The investigation — which was requested by a corruption watchdog — would look into allegations of
Anastasia Radina, head of the Ukrainian parliament's anti-corruption committee called for the resignation of Defense Minister Rustem Umerov after he fired the head of the Defense Procurement Agency (DPA), Maryna Bezrukova. Pro-reform lawmakers and anti-corruption activists are accusing Umerov of attempting to undermine the independence of the DPA,
European officials are pushing the new US administration under President Donald Trump to commit to security guarantees for Ukraine amid diplomatic efforts to end the Russian invasion, unnamed sources told Bloomberg. European allies generally agree with Ukrainian President Volodymyr Zelensky that US troops' involvement in any future peacekeeping forces
International businesses are ready to invest in Ukraine's war-torn economy, but would first need security guarantees from Kyiv, the country's Minister of Economy Yulia Svyrydenko said in an interview with Bloomberg. Ukraine offers a wide range of opportunities for investors, spanning from reconstruction to growth of
