Editor’s note: This is issue 25 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from May 5–May 11, 2025. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks
The EU plans to significantly increase tariffs on Ukrainian goods after the current duty-free deal lapses on June 6, the Financial Times reported on May 14, citing undisclosed diplomatic sources.
"Contrary to Kremlin narratives, time is not on Russia’s side," reads a new report from the Stockholm Institute of Transition Economics (SITE).
"Amendments to the Budget Code are needed to implement the provisions on funding the U.S.-Ukrainian Reconstruction Investment Fund," lawmaker Roksolana Pidlasa said.
The revision was connected to global trade upheavals, which only aggravate Ukraine's economic challenges stemming from Russia's full-scale invasion.
The EU plans to unveil on May 14 its next package of sanctions imposed against Russia over its aggression against Ukraine, an EU official told the Kyiv Independent on condition of anonymity.
This is the fourth such tranche from the bloc, which is secured by proceeds from frozen Russian assets.
Ukraine is considering moving away from the U.S. dollar and closer to the euro as a benchmark for the hryvnia, National Bank Governor Andrii Pyshnyi told Reuters.
Editor’s note: This is issue 24 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from April 28–May 4, 2025. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks
The following is the May 6, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. As I’m sure you saw, the U.S. and Ukraine finally signed the minerals agreement after months
The move represents an apparent violation of United Nations Security Council resolutions passed in the wake of North Korea's intercontinental ballistic missile (ICBM) tests.
The sources told Bloomberg that U.S. President Donald Trump is yet to make a decision, as diplomatic efforts to end the war are still underway.
The following is the April 29, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. The following is an excerpt from our latest investigation by investigative reporter Alisa Yurchenko. On March 29, the
Editor’s note: This is issue 23 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from April 21–27, 2025. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and
According to the source, the final version of the deal includes a 50-50 investment structure between the two countries and contains "a lot of good details."
Ukraine expects to receive over $39 billion in confirmed budget support from international partners in 2025, Prime Minister Denys Shmyhal said on April 25.
European Commission President Von der Leyen emphasized that the roadmap, set to be announced in two weeks, will lay out concrete steps to eliminate the bloc’s reliance on energy supplies from Russia.
This poses a risk that Kyiv might have to default on the payment of some $600 million ahead of the deadline in late May.
Editor’s note: This is issue 22 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from April 14–20, 2025. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and
The following is the April 22, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. As a U.S.-proposed deal for Ukraine’s natural resources stalled amid months of tense negotiations, some
Maxim Sokolov, the chief executive of Russia's largest state-owned car manufacturing company, said that AvtoVaz itself is expecting a 33% year-on-year drop in Lada car sales in April.
Japan's funds will be disbursed over 30 years and directed toward budgetary needs and to support reconstruction and development.
"It is important that we reaffirm through our agreements the desire of the American people to invest together with the Ukrainian people in a free, sovereign, and secure Ukraine," Deputy Prime Minister and Economic Minister Yuliia Svyrydenko said.
"Considering the high level of uncertainty, which has only increased over past months, the NBU will respond flexibly to changes in the balance of risks to the price dynamics and inflation expectations," the central bank's statement read.
The following is the April 16, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. If you’re getting tired of the constant back and forth of the minerals deal, so am I,
The Trump administration has reportedly lowered the payback it seeks under a minerals agreement with Ukraine from $300 billion to $100 billion.
Editor’s note: This is issue 21 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from April 7–13, 2025. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and
The following is the April 9, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. President Trump shocked the world on April 2 when he announced what he dubbed “Liberation Day,” slapping tariffs
Editor’s note: This is issue 20 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from March 24–April 6, 2025. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks
Ukraine will begin technical consultations with the U.S. on the minerals agreement on April 11, Deputy Prime Minister for European and Euro-Atlantic Integration and Justice Minister Olha Stefanishyna said, as reported by Interfax-Ukraine on April 10.
"Our priority is the abolition of duties, not escalation," Deputy Economy Minister and Trade Representative Taras Kachka said.
"We are grateful to our partners for supporting the economy and the rapid recovery of our country," Prime Minister Denys Shmyhal said after meeting EU Economy Commissioner Valdis Dombrovskis in Brussels.
Russia’s 10-year war of aggression against Ukraine has caused widespread and long-lasting damage to the country’s economy. Positive growth predictions were squashed following Russia’s annexation of Crimea and invasion of Ukraine’s eastern Donbas region in 2014. Then came Russia’s full-scale invasion in February 2022, wreaking havoc on an economy that had just started to recover following the Covid-19 pandemic. The country’s financial sector and economy have proved resilient throughout Russia’s full-scale invasion, bouncing back in 2023, although the economy is still around a third smaller than its pre-war level.
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