A portion of the cargo traveling along the Trans-Caspian International Transport Route, which links China and Europe, is expected to be routed through Ukraine, Tymofiy Murakhovsky, commercial and logistics director at state-owned Ukrainian Railways (Ukrzaliznytsia), stated on Wednesday.
For this purpose, Ukrzaliznytsia plans to establish a subsidiary in Kazakhstan, the UZ Cargo East, which would work along the so-called Middle Corridor from China to Europe via Ukraine, according to Murakhovsky.
Rohlig SUUS Logistics, one of the largest logistics service providers in Poland, said it has opened a subsidiary in Ukraine, headquartered in Kyiv, as it looks to strengthen its position in Central and Eastern Europe.
The Swiss subsidiary of the world's second-largest container shipping company, MSC, Medlog, has bought stakes in Ukrainian logistics assets, according to reports from Forbes Ukraine. The transaction marks the first deal of its kind with a global logistics company since the full-scale Russian invasion.
The European Bank for Reconstruction and Development (EBRD) said it is extending a senior loan of up to €10 million to the western Ukrainian city of Lviv. The funding aims to support the continuity of essential municipal services and help the city cope with the ongoing impacts of the war.
Ukraine's finance ministry and Switzerland's State Secretariat for Economic Affairs (SECO) have signed a memorandum of understanding to launch the Fiscal Governance for Local Reconstruction and Recovery (FG4R) project. The four-year initiative aims to strengthen public financial management at national and local levels to support
Ukraine has received €236 million in loan financing under the World Bank's Public Expenditures for Administrative Capacity Endurance (PEACE) project, Ukraine's finance ministry said. The funding was extended by the International Bank for Reconstruction and Development (IBRD) under a guarantee from the Swedish government, the finance
The European Commission disbursed nearly €2.8 billion to Ukraine on Monday to help finance the state budget and maintain public services as the country continues to defend itself against Russia's invasion.
The governors of the European Bank for Reconstruction and Development (EBRD) reaffirmed Ukraine as the bank's top priority, pledging continued support for the country during the war and its future reconstruction, while also backing increased assistance for economies affected by conflict in the Middle East.
