Where it comes from and where it's going.
European Union funds meant to promote investment in Ukraine's reconstruction risk gravitating toward large companies because smaller ones are too focused on survival to invest, warned a development bank official working with the funds. Bogdan Zawadewicz, head of Geopolitical Risk Analysis at BGK (Polish National Development Bank), said
The European Investment Bank (EIB) will lend €50 million ($56 million) to the city of Kyiv to help replace its fleet of aging Russian subway, or metro, coaches with new, energy-efficient Western versions, the lender said Tuesday in a press release. "Before the war, 80% of Kyiv’s metro
The European Union will provide Ukraine a loan of up to €35 billion as part of a $50-billion pledge by the G7, European Commission President Ursula von der Leyen said Friday in a post on X during a visit to Kyiv. "Relentless Russian attacks mean Ukraine needs continued EU
Ukraine-based European Business Association (EBA) has protested tax hikes recently adopted by the country's parliament at first reading, arguing any additional taxation could damage the competitive environment by practically incentivizing the shadow economy. The tax bill raises the war tax on individuals to 5% from the current 1.
Germany will provide an additional €100 million in aid to Ukraine this winter, Reuters reported, citing German Foreign Minister Annalena Baerbock. Russia is once again planning a "winter war with the aim of making the lives of people in Ukraine as terrible as possible," Baerbock said during a
The EU plans to allocate up to €40 billion in new loans to Ukraine by the end of 2024, regardless of US participation, after a G7 plan to use frozen Russian assets to help Kyiv lost momentum, the Financial Times reported, citing unnamed sources familiar with the matter. In June,
The UK announced more than £600 million in aid for Ukraine and the US announced $717 million in economic and humanitarian assistance in the first-ever joint visit by the top diplomats of the two nations. David Lammy, in his first visit to Ukraine as foreign secretary of the UK, announced
Ukrainian President Volodymyr Zelensky and other government officials are reaching out to Ukraine's evangelical Christian population in hopes of gaining greater influence with evangelicals, and Republicans, in the United States, according to a report by The Washington Post. In June, Zelensky attended the National Prayer Breakfast, a political
The International Monetary Fund (IMF) agreed to grant Ukraine access to an additional $1.1 billion in aid after a team visited Kyiv for the fifth review of the organization's $15.6 billion, four-year program with the war-torn country. The package, under an Extended Fund Facility (EFF) arrangement,
The Irish government has announced a €36 million aid package to help meet the immediate humanitarian needs of Ukraine as well as boost the country's economy recovery and reconstruction. The package, unveiled during the visit to Ukraine by Irish Premier Simon Harris and Irish Foreign Minister, who is
The UK government has earmarked £3 million to teach English to Ukrainian civil servants who work in the area of European and Euro-Atlantic integration, the Ukrainian government said. The money will be used to teach English to 1,400 Ukrainian civil servants per year for three years through the British
A team from the International Monetary Fund (IMF) is visiting Kyiv for the fifth review of the lender's $15.6 billion aid program for Ukraine, Ukrainian Prime Minister Denys Shmyhal said. The IMF team is meant to decide on an additional $1.1 billion disbursement from the program,
The International Monetary Fund (IMF) will meet with Ukrainian officials next week to review the country’s budget outlook and consider disbursing an additional $1.1 billion from their loan agreement, Bloomberg reported, citing unnamed sources. The IMF team will visit for about a week starting Sept 4 to review
Investors holding 97% of Ukraine's more than $20 billion in international bonds agreed to a debt restructuring plan, giving the government more room to pay for its war against Russia's invasion and fulfilling a key condition of support from the International Monetary Fund. Approval means the
A promised $50 billion G7 support package for Ukraine is suffering delays and Ukrainian officials fear it may not be ready in time for an upcoming loan review by the International Monetary Fund, Bloomberg reported, citing unnamed government officials. The $50 billion in funding is meant to come in the
A government-proposed tax increase in Ukraine is key to maintaining support of foreign donors and bondholders who seek greater guarantees of medium-term stability, IMF Ukraine mission Chief Gavin Gray said. "The donors are looking for Ukraine to play its part in progressively becoming more self-reliant," Gray said. "
