Industry experts estimate that Ukraine’s campaign of long-range drone strikes on Russia’s energy industry has already succeeded in knocking out between 600,000 and 900,000 barrels of Russia’s daily oil-refining capacity, Bloomberg reports. Speaking at a conference in Houston on March 18, Gunvor Group CEO Torbjörn Törnqvist estimated the recent wave of Ukrainian drone attacks had […]
Business Ukraine magazine
Posted inEconomy
For the first time ever, Ukraine has passed the winter heating season relying exclusively on domestic gas
The Ukrainian energy sector reached a significant milestone on 1 March, 2024. The arrival of spring meant that for the first time in the country’s independent history, Ukraine passed the entire winter heating season relying exclusively on domestically produced gas. “The first day of spring. This means that we spent the winter entirely on Ukrainian […]
Posted inMedia
“One of the dumbest things I’d ever heard”: Tucker Carlson mocks Putin’s “Nazi Ukraine” lies
American media personality Tucker Carlson hoped Vladimir Putin would use their hotly-anticipated February 6 interview in Moscow to accuse the West of provoking the war in Ukraine. Instead, the Kremlin dictator appeared far more interested in reciting Russia’s distant historical claims to Ukraine and portraying the whole invasion as some kind of anti-Nazi crusade. With […]
Posted inEconomy
Breadbasket of Europe: Ukraine was the European Union’s third largest agricultural supplier in 2023
Ukraine is the third largest agricultural supplier to the EU, according to new figures released by the European Commission in January. Data covering the period from January to October 2023 showed Ukraine in the number three position among agri-food exporters to European Union markets behind first placed Brazil and the United Kingdom, with the United […]
Posted inSecurity
Britain sends message to Moscow with historic Ukraine defense pact and record military aid
UK Prime Minister Rishi Sunak arrived in Kyiv on 12 January aiming to send a “strong signal” to Russian dictator Vladimir Putin that Britain remains fully committed to supporting Ukraine. “It is important that Russia sees we are not moving away and will be with Ukraine not just today, not just tomorrow, but for the […]
Posted inEconomy
World Bank forecast: Ukraine could be Europe’s fastest-growing economy by 2025
The World Bank expects Ukrainian GDP to increase by 6.5% in 2025, the highest anticipated growth rate in Europe. In a newly released January 2024 Global Economic Prospects overview, World Bank analysts have also upwardly revised their earlier estimate for Ukrainian GDP growth in 2023 from 2% to 4.8%. This optimistic outlook mirrors a similarly […]
Posted inEconomy
Leading Turkish e-commerce company plans to launch in Ukraine despite wartime challenges
One of the largest Turkish e-commerce companies had confirmed plans to launch in Ukraine. In a January 7 interview with Bloomberg, Hepsiburada CEO Nilhan Onal Gokcetekin said the company is ready to begin large-scale Ukrainian sales if an initial trial run proves successful. The Hepsiburada chief executive said her company is not deterred by the […]
Posted inEconomy
Ukraine exports 10 million tons of agricultural produce since breaking Russia’s Black Sea blockade
Ukraine has exported more than 10 million tons of agricultural produce since breaking the Russian naval blockade of the country’s Black Sea ports five months ago, Ukrainian Infrastructure Minister Oleksandr Kubrakov announced on 8 January. According to Kubrakov, Ukraine has now shipped almost 15 million tons of cargo in total following the launch of a […]
Posted inNews
Japan is “determined” to support Ukraine, Foreign Minister Yoko Kamikawa says during Kyiv visit
Japanese Foreign Minister Yoko Kamikawa arrived in the Ukrainian capital on 7 January with a message of Tokyo’s “determination” to maintain its strong support for Ukraine during the coming year. Kamikawa soon became acquainted with the current wartime realities in Kyiv when air raid sirens forced her and Ukrainian counterpart Dmytro Kuleba to hold their […]
Posted inInterview
Serhii Plokhy: Putin’s belief that Russians and Ukrainians are one and the same people is dead
For the past decade, Russian dictator Vladimir Putin has framed his country’s escalating campaign of aggression against Ukraine as a crusade for historical justice. Time and again, Putin has brandished his own highly distorted view of Ukraine’s place in Russian history in order to justify the invasion, occupation, and forced russification of the modern Ukrainian […]