Economy

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: EPA The U.S. administration has announced the start of sales of Venezuelan crude oil and petroleum products on global markets, the Department of Energy said. According to the statement, lead

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: Getty Images British neobank Revolut has warned all Ukrainian clients that it will be forced to close their accounts in 60 days, starting from February 22, 2026. According to messages sent t

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

Photo: facebook.com KabminUA Ukraine has released at least 800 MW of electrical capacity following a review of critical infrastructure facilities. According to RBC-Ukraine, Prime Minister Yulia Svy

Photo: Getty Images A Trump envoy discussed Russia’s war against Ukraine with Lukashenko. The United States is lifting sanctions on Belarusian potash, Belarusian state media reported, citing commen

Photo: Getty Images The European Union has agreed to freeze Russian assets totaling €210 billion indefinitely, ending the previous practice of renewing the freeze every six months. European Commiss

Photo: depositphotos Over the past weeks, the administration of US President Donald Trump has shared a series of one-page documents with European counterparts, outlining Washington’s vision for rebu

Photo: Getty Images A Russian liquefied natural gas (LNG) export plant has delivered its first shipment to China since U.S. sanctions were imposed in January, signaling growing energy cooperation be

Photo: depositphotos Ukraine has started the implementation of a one-time targeted financial assistance program, providing 6,500 UAH to its most socially vulnerable citizens. According to Prime Min

Photo: EPA The United States has postponed certain sanctions on Lukoil’s foreign fuel operations by expanding exemptions for the company’s Bulgarian subsidiaries and ongoing asset-sale processes, a

Photo: Getty Images As a result of Russian attacks, the Kherson combined heat and power (CHP) plant has halted operations, leaving 470 buildings and over 40,500 residents without heat , the head of

Photo: depositphotos Ukrainian lawmakers have approved the 2026 state budget despite significant concerns. On Wednesday, 3 December, the Verkhovna Rada passed the country’s main financial plan for 2

Photo: Getty Images The European Central Bank has refused to provide guarantees for a proposed “reparations loan” of €140 billion to Ukraine, which was to be secured by frozen Russian assets, accord

Photo: EPA At the beginning of November, OPEC+ halted its plan to increase oil production to avoid oversupply. Oil prices rose by 2% on December 1 after OPEC+ members confirmed their produc

Photo: Getty Images Power outages to continue in Ukraine on the last day of autumn, November 30, with schedules set to intensify. Between 0.5 and 3 circuits will be switched off simultaneously throu

Photo: Getty Images On Friday, November 28, electricity blackout schedules will remain in effect across all regions of Ukraine, according to Ukrenergo ’s Telegram announcement. The company stated

Photo: UNN In the new timetable, Ukrzaliznytsia will change the arrival time of several trains to Poland so that passengers can conveniently transfer to trains bound for Germany. Thanks to this,

Photo: yahoo.com Oil prices fell to a one-month low on Monday amid expectations of an oversupply in the market and the possibility of a peace agreement between Russia and Ukraine. On the morning of

Photo: pixabay Cocoa prices fell 2.7% on 24 November, hitting their lowest level since February 2024, as global supply expectations improved. New York cocoa futures dropped to $5,053 a tonne — about

Photo: Getty Images Lithuanian Railways (LTG) has stopped the transit of Russian oil products to the Russian exclave of Kaliningrad as of 21 November, citing sanctions targeting Lukoil and related c

Photo: glavcom.ua The Cabinet of Ministers of Ukraine has opened applications for a one-time social payment of 6,500 hryvnias. According to the Department of Information and Communications of the Se

Photo: Getty Images Ukraine will continue scheduled power outages for household consumers on Thursday, November 21, Ukrenergo reported on Telegram. According to the company, from 00:00 to 23:59 mos

Photo: GettyImages Due to a new wave of intense Russian strikes on energy infrastructure, several regions in Ukraine have implemented forced electricity restrictions on November 18. Ukrenergo: Be

Photo: The IMF mission has started its work in Ukraine (facebook.com/roksolana.pidlasa) The International Monetary Fund mission has prepared a new $8 billion lending program for Ukraine. This was r

Photo: Getty Images In Ukraine, rolling power outages for residential consumers will continue on November 17 . Between one and four blocks may be disconnected at the same time, a deterioration co

Photo: RBC Ukrainian President Volodymyr Zelensky announced an agreement with Greece to supply gas to Ukraine, marking another route to secure imports ahead of the winter season. He shared the news

Photo: reuters Ukraine recorded a slowdown in inflation in October, with the annual rate easing to 10.9% , down from 11.9% in September. Despite this, household utility bills continue to rise. A

Photo: bukvy.org On November 14, most regions of Ukraine will again face electricity consumption restrictions. Ukrenergo cited the consequences of massive Russian missile and drone attacks on energ

Photo: Getty Images The European Commission is exploring ways to compel EU member states to gradually remove Chinese companies Huawei Technologies Co. and ZTE Corp. from their telecommunications net

Photo: UNN Electricity restrictions in Ukraine will remain necessary at least until the end of the heating season. This statement was made by Serhiy Nahorniak, a member of the parliamentary Committ

Photo: bloomberg.com Russian oil company Lukoil has declared force majeure at its Iraqi oil field, West Qurna-2, one of the largest oil fields in the world, after U.S. sanctions complicated its oper

Photo: Getty Images The Ministry of Digital Transformation has launched a new initiative that allows citizens and businesses to connect their generators to mobile network base stations during blacko

Photo: Getty Images Analysts warn that this scheme undermines Australia’s support for Ukraine. After Russia’s full-scale invasion of Ukraine, Australia halted direct fuel purchases from Russia. How

Photo: Denys Shmyhal / Telegram Ukraine’s energy system lost at least one gigawatt of generation after Russia’s latest massive attack on November 8, according to a government source cited by Ekonom