The losses, the damage, the insurance and the war.
Major Ukrainian companies are calling for mass exemptions for their staff from military service, even offering to pay to exempt workers from the draft, as they throttle back production amid a worsening labor shortage, according to a Financial Times news feature. Pipe maker Interpipe, for example, has more than 1,
The Ukrainian government will hold a new tender for the reconstruction of a children's hospital hit by a Russian missile last month after public outcry over the selection process prompted the cancellation of a previous tender.
S&P Global cut Ukraine's credit rating to "selective default" on Friday after the country failed to make a coupon payment on an existing bond as it restructures its debt. The ratings agency cut Ukraine's long-term and short-term foreign currency (FC) sovereign credit
Ukraine has made a $201 million payment to holders of its GDP warrants, securities linked to the country's economic performance, that weren’t part of a $20-billion eurobond restructuring agreement with private creditors announced early this week, Bloomberg News reported, citing unnamed sources. The payment eases concerns after
The Ukrainian prosecutor general's office has launched an online tool that tracks investigations into crimes related to businesses in Ukraine in response to pressure from companies who complain of police inaction. The tool, which is open to the public, tracks and displays data on the number of registered
The United Nations Development Programme (UNDP) is calling for applications from charities and other non-profit groups in Ukraine to help carry out anti-corruption programs in 13 communities as part of a test project for the reconstruction of Ukraine. The project, funded by the government of Japan, is aimed at "
The European Bank for Reconstruction and Development (EBRD) says its exposure to Ukraine poses "absolutely" no risk to the lender's triple-A credit rating, a senior bank official told the Reuters news agency Friday. EBRD Vice President for Banking Matteo Patrone said the bank is "absolutely
Donald Trump, if re-elected as president of the US in November, could strengthen sanctions against Russia, bolster the US defense industry and create a $500 billion lend-lease program for Ukraine to end the Russian invasion, former US Secretary of State Mike Pompeo wrote in the Wall Street Journal. "While
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 that the
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, as
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 belief
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
