Economy

Photo: EPA Australia is seeking higher quotas for duty-free beef imports , while Brussels remains cautious about potential backlash from European farmers. The European Union is reportedly in the

Photo: Volodymyr Zelenskyy / Telegram The easing of sanctions and new revenues are increasing the risk of escalation in the war against Ukraine. Russian President Vladimir Putin never intended to s

Photo: EPA Reuters reports that Iran attacked oil terminals in the United Arab Emirates, urged civilians to evacuate areas near ports, and warned of further strikes on American facilities in the Per

Photo: depositphotos The United States has partially eased sanctions against Russia by issuing a temporary license allowing the sale of Russian oil and petroleum products that have already been load

Photo: Getty Images Prices for diesel and autogas have increased at several Ukrainian fuel station networks, while some operators kept their prices unchanged as of March 11 . Key changes Big

Photo: EPA State-owned Kuwait Petroleum Corporation (KPC) has reduced oil production and refining capacity as a precautionary measure following attacks by Iran and growing threats to shipping throug

Photo: depositphotos Oil prices are rising sharply amid the war involving Iran, and an increasing number of energy executives and traders warn that global markets may be approaching a turning point.

Photo: Marine Traffic The United States has allowed India to temporarily increase purchases of Russian oil, easing pressure on the world’s third-largest oil importer as escalating tensions in the Pe

Photo: Getty Images Ukrainian gas stations have sharply raised fuel prices. The main reason is tension in the global oil market due to the conflict in the Middle East. However, further price spikes

Photo: Getty Images Ukraine receives first $1.5B IMF tranche: funds to cover priority budget spending Ukraine has received the first $1.5 billion tranche of financial assistance from the Interna

Photo: depositphotos Tanker traffic through the Strait of Hormuz has partially stopped, causing sharp increases in oil prices as market participants anticipate potential closures due to the U.S.-Isr

Photo: EPA The coordinated US and Israeli attacks on Iran, along with Tehran’s retaliatory missile strikes across the Persian Gulf, are already forcing oil traders to halt shipments through the Stra

Photo: Getty Images Ukraine’s economy is entering the fifth year of the full-scale war amid a deep energy crisis and declining industrial output. At the same time, preserving the country’s industr

Photo: Getty Images Slovakia’s Economy Ministry says it relied on information from the Ukrainian side when stating that oil transit through the Druzhba pipeline could resume by February 26. However,

Photo: Getty Images Gold prices rise to $5,230 amid tariffs and iran tensions Gold climbed for a fourth consecutive day, reaching around $5,230, driven by new 15% tariffs from U.S. President Donal

Photo: depositphotos U.S. President Donald Trump announced an increase in the global tariff on imports from 10% to 15%, a move that came just one day after the Supreme Court of the United States rul

Photo: depositphotos Starting February 18, lifecell , one of Ukraine’s three largest mobile operators, will increase prices on its popular plans while also expanding the amount of data that can be

Photo: depositphotos Starting March 1, a flexible cashback rate will be introduced. The Cabinet of Ministers has decided to adjust the “National Cashback” program rates. Until February 28, a single

Photo: Getty Images Marine exports of Russian crude oil are trending against the Kremlin, raising the prospect of sharp production cuts in the coming months, Reuters reports. Russian oil producers

Photo: flickr IMF drops prior actions for Ukraine’s $8.1bn program, delaying VAT for sole proprietors The International Monetary Fund has taken an unprecedented step by scrapping prior actions fo

Photo: EPA The agreement предусматриває the replacement of the Soviet-era Metsamor nuclear power plant with US-built small modular reactors and an expansion of defense cooperation between the two co

Photo: EPA As much as 143 million barrels of unsold Russian crude are currently stuck at sea, while Moscow is losing billions of dollars every month as its oil industry sinks deeper into crisis und

Photo: Getty Images Currently, the closures concern shopping malls in Dnipro, while stores in Odesa and Kharkiv remain uncertain. Inditex, one of the world’s largest fashion retailers (owning brand

Photo: kmu.gov.ua The situation with electricity supply in Ukraine remains difficult due to significant damage to energy infrastructure facilities. Specialists are working to bring additional genera

Photo: pixabay First tranche of €90bn EU loan for Ukraine could be paid out in April–June 2026 The Council of the European Union has approved its position on the legal framework for providing Ukr

Photo: press.lv Chinese leader Xi Jinping has called for the yuan to become a global reserve currency, in one of Beijing’s clearest signals yet of its ambition to strengthen China’s position in the

Photo: Getty Images Ukraine experiences large-scale power outage after technical fault between Romania, Moldova, and Ukraine On the morning of January 31, a technical fault occurred between the p

Photo: Getty Images Widespread blackout hits Kyiv and parts of Ukraine on January 31, affecting even Moldova What happened On the morning of Saturday, January 31, Kyiv experienced a sudden powe

Photo: REUTERS Ukraine and Poland have agreed to boost gas import capacities from the beginning of February until the end of the heating season. The Polish gas transmission system operator Gaz-Sys

Photo: Pixabay Prolonged disconnections of mining and metallurgical enterprises from the power grid could lead to serious economic and technological consequences, as such facilities cannot operate o

Photo: EPA Decision to release funds was presented on January 14 The European Parliament on Wednesday approved a decision by the EU Council to use the enhanced cooperation procedure to provide Uk

Photo: Getty Images In 2026, Russia’s economy is entering a phase of so-called “expensive money,” which is becoming a new norm amid the ongoing war against Ukraine and prolonged macroeconomic inst

Photo: agroweek During the first six months of the 2025/26 marketing year, Ukraine exported 7.86 million tonnes of wheat, down by 2 million tonnes year on year. The decline reflects major shifts in

Photo: Pexels Russia’s budget revenues from oil and gas fell to a five-year low last year, dropping 24% compared with 2024, Bloomberg reports. The decline comes amid lower crude oil prices and reduc

Photo: Getty Images Ukraine’s National Bank set new record official exchange rates for January 9, raising the dollar by 27 kopecks to 42.99 UAH and the euro by 25 kopecks to 50.18 UAH. Since January

Photo: Getty Images India’s largest private refiner, Reliance Industries , announced that it does not expect any shipments of Russian crude in January and has not received any over the past three w

Photo: depositphotos Large taxpayers will be audited under this system. Starting today, January 1, 2026, Ukraine has launched the electronic audit system, e-Audit. This is a digital tax control too

Photo: reuters On December 26, China’s Foreign Ministry announced sanctions targeting 10 individuals and 20 U.S. defense companies, including Boeing, over arms sales to Taiwan, Reuters reports. The

Photo: Getty Images Despite optimism from special envoys of U.S. President Donald Trump regarding potential business opportunities in Russia after the war in Ukraine, many experts remain skeptical,

Photo: Getty Images Strikes by Ukrainian drones on Russian energy infrastructure have paralyzed shipments of Kazakh oil through the Novorossiysk terminal. In December 2025, export volumes fell to a

Photo: depositphotos The European Union is ready to increase pressure on Russia, including by imposing additional sanctions. The EU Council has extended sanctions against Russia for another six mon

Photo: Getty Images The European Commission has transferred a thermal power plant from Lithuania to Ukraine, which is expected to provide electricity to around one million Ukrainians. This was repo

Photo: flickr com On Monday, December 22, gold prices surged to a historic high, marking the best annual performance in over four decades, according to Bloomberg. Gold bars rose more than 1.5%, sur

Photo: depositphotos The Ukrainian government has approved another round of pension indexation, set to take effect on March 1, 2025 . On average, pensions will rise by 11.5% , helping to offset in

Photo: Getty Images The Verkhovna Rada has approved in the first reading draft law №14093 to rename Ukraine’s smallest currency unit, the kopeck , to “shah” . The bill received support from 264 d