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Ukraine receives $4.8 billion from World Bank
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Ukraine receives $4.8 billion from World Bank

Ukraine has received a $4.8 billion loan from the World Bank through the PEACE project for social expenditures, Prime Minister Denys Shymhal said on Nov. 27. "We are very grateful to the United States and the development partners who are financing assistance under the PEACE project," Shmyhal said on X. As the ongoing full-scale Russian […]
Ukraine
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Russian bank offers preferential mortgages in occupied parts of Ukraine's
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Russian bank offers preferential mortgages in occupied parts of Ukraine's Donetsk, Luhansk oblasts

Russia's VTB Bank has opened applications for preferential mortgages in the Russian-occupied parts of Ukraine's Luhansk and Donetsk oblasts, the state-controlled Interfax news agency reported on Oct. 30, citing the bank's press service. Moscow has launched incentives for Russian citizens to settle in the occupied territories while thousands of Ukrainians fled, aiming to Russify the […]
Ukraine
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National Bank of Ukraine leaves interest rates unchanged at 13%
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National Bank of Ukraine leaves interest rates unchanged at 13%

The National Bank of Ukraine (NBU) has kept interest rates on hold at 13%, it announced on Oct. 31. The decision was in line with analysts’ predictions, and comes as Ukraine braces for next week’s U.S. presidential election, Bloomberg reported. “Given that inflation has not yet peaked, and that pro-inflationary risks have even increased for […]
Ukraine
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Ukraine to receive $600 million from World Bank under RISE
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Ukraine to receive $600 million from World Bank under RISE Initiative

Ukraine has signed agreements with the World Bank totaling nearly $600 million under the "Resilient, Inclusive and Sustainable Enterprise" (RISE) project, Prime Minister Denys Shmyhal announced on Nov. 4. The project is aimed at supporting small and medium-sized businesses, green initiatives, and digitalization, according to his post on Telegram. Shmyhal announced that the project will […]
Ukraine
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Opinion: The central bank can't solve Russia's economic crisis in
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Opinion: The central bank can't solve Russia's economic crisis in the face of war and sanctions

Almost three years after Russia launched its full-scale invasion of Ukraine, the West’s financial sanctions have finally started to bite, triggering fierce infighting within the Kremlin over control of Russia’s central bank. Russia’s business community has remained largely silent over the past two years, even as Western sanctions triggered a surge in real interest rates. […]
Ukraine
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