Economics
Ukraine received EUR 1 billion in macro-financial assistance from the European Union in full. “We have very positive news today. Ukraine received EUR 1 billion out of 9 billion macro-financial assista
Aug. 4, 2022
War in Ukraine
Lower borrowings at unchanged rates The Ministry of Finance kept interest rates unchanged from the previous auction and raised only UAH3.1bn (US$85m) in local currency yesterday. The 14-month bills ma
Aug. 4, 2022
War in Ukraine
A survey released on Wednesday, August 3, by the International Organization for Migration (IOM), revealed that 60% of Ukraine’s Internally Displaced Persons (IDPs) who had jobs before the war are now
Aug. 4, 2022
NJSC Naftogaz Ukrainy sent to eurobond holders through their issuer Kondor Finance Plc a repeated consent solicitation to defer principal payments on them for two years, in which, unlike the original
Aug. 3, 2022
Bonds: Unusual bills increase borrowings Last week, the Ministry of Finance raised UAH9.9bn for the budget, mainly in hard currency. This was facilitated by the offer of unusual types of bills and sel
Aug. 2, 2022
The OPEC+ group of oil exporters are set to hammer out a new strategy at their meeting Wednesday, with all eyes on how they will react to soaring crude prices. The 13 core members of OPEC, led by Saud
Aug. 1, 2022
War in Ukraine
S&P Global Ratings on Friday cut Ukraine’s long-term debt grade by three notches, saying the recently announced plan to defer payments means a default is “a virtual certainty.” The agency lowered
Jul. 30, 2022
Last week, the Ukrainian Central bank was forced to devalue the Ukrainian Hryvnia 25% to a rate of $1 USD = 36.5 UAH. However, within days, currency exchange signs were seen around Kyiv advertising ra
Jul. 27, 2022
Naftogaz of Ukraine NJSC has not made payments to Eurobond holders, which indicates default. The relevant statement was made by Naftogaz of Ukraine NJSC on Telegram, an Ukrinform correspondent reports
Jul. 27, 2022
Bonds: MoF raises yields to test demand In a somewhat daring move, the Ministry of Finance raised the interest rate on UAH bills, which resulted in increased local-currency borrowing. However, activit
Jul. 26, 2022
War in Ukraine
The European Investment Bank (EIB), with the support of the EU budget, has approved funding for Ukraine in the amount of EUR1.59 billion, of which EUR1 billion will be provided immediately, President
Jul. 26, 2022
War in Ukraine
Russian missiles destroyed Ukrainian “military infrastructure” in a strike on Ukraine’s Black Sea port of Odesa, crucial for grain exports, Russia’s foreign ministry spokeswoman said Sunday. The strik
Jul. 24, 2022
War in Ukraine
Priority access to the Port of Alexandroupolis in northeastern Greece has allowed the U.S. military to continue to support Ukraine in response to Russia’s invasion, according to chief of the Pentagon.
Jul. 24, 2022
On July 21, the NBU abandoned the pre-war official exchange rate of hryvnia vs. US$ and devalued the local currency by 20%. This move is designed to reduce imbalances in the FX market by curbing dema
Jul. 23, 2022
The CEO of Ukrainian energy giant Naftogaz has slammed Canada’s recent decision to undermine sanctions by agreeing to return a gas pipeline turbine to Russia. Speaking to the Atlantic Council, Yuriy V
Jul. 23, 2022
War in Ukraine
Ukraine said Saturday, July 23, that Russian missiles had struck the Odesa port, a key Black Sea terminal, one day after Moscow and Kyiv penned a deal to resume grain exports blocked by the war. “The
Jul. 23, 2022
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Riyadh denied the Bloomberg report, saying it did not threaten to sell euro and French bonds as a way to influence the G7 into not seizing $280 billion of Russia’s frozen assets.
Jul. 10