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'Not waiting until the war is over' – Foreign investment keeps growing in Ukraine

Ukraine is still far from an investor's paradise, but increasingly valuable business deals are being signed in the war-torn country this year.   In the first nine months of 2024, there were 36 Ukrainian mergers and acquisitions (M&As) with a total estimated value of $643 million, according to a new report from KPMG Ukraine, an […]

Ukraine

October 22, 2024

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Russia damaged over 300 port facilities, 20 foreign vessels in the past year, Zelensky says

Russia has damaged 321 port infrastructure facilities, as well as 20 foreign merchant vessels since July 2023, President Volodymyr Zelensky said on Nov. 23 at the International Conference on Food Security in Kyiv. Traveling along the Black Sea route, ships are regularly at risk of being attacked by Russia. Since the beginning of the all-out […]

Ukraine

November 23, 2024

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Ukraine risks delay in receiving $4.3 billion instalment from EU's Ukraine Facility due to reform shortcomings, Foreign Ministry says

Deputy Foreign Minister Yevhen Perebyinis issued a letter to cabinet ministers on Oct. 23 warning that the European Union has notified Ukraine that the next tranche of 4 billion euros ($4.3 billion) from the EU's Ukraine Facility may be delayed until next year unless expected aspects of corruption reforms are completed by the end of […]

Ukraine

October 23, 2024

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UK not planning to send its soldiers to Ukraine, foreign secretary says

London is not planning to deploy its military personnel on the ground in Ukraine, U.K. Foreign Secretary David Lammy told journalists at the G7's ministerial meeting on Nov. 25. Lammy's comments came after the French outlet Le Monde reported that the U.K. and France have been discussing deploying soldiers or private defense contractors in Ukraine […]

Ukraine

November 26, 2024

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Russian attack on Odesa damages foreign civilian vessel, casualties reported

Russian forces struck a foreign civilian ship flying the flag of Palau in Odesa on Oct. 7, according to Odesa Oblast Governor Oleh Kiper. A 60 year-old Ukrainian port employee was killed and five foreign nationals were injured as a result of the attack. Four of the foreign nationals remain in moderate condition, while another […]

Ukraine

October 7, 2024

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Russia imprisons former US consulate employee for ‘secret collaboration with foreign state’

A Russian court on Nov. 1 sentenced Robert Shonov, a former employee of the U.S. consulate in Vladivostok, to four years and 10 months in prison for "secret collaboration with a foreign state." Shonov, a Russian national who worked at the consulate for over 25 years until 2021, became a private contractor after Moscow restricted […]

Ukraine

November 1, 2024

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Ukraine not opposed to exhumation of Volyn massacre victims on its territory, Foreign Ministry says

Ukraine's Foreign Ministry said in a joint statement with Poland on Nov. 26 that there were "no obstacles" for Poland to conduct exhumation work on the victims of the Volyn massacre of World War II, amid previous tension over with matter with Warsaw. "Each family has the right to honor the memory of their ancestors […]

Ukraine

November 26, 2024

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Ramstein-format meeting postponed after Biden cancels foreign visits

The next summit of the Ukraine Defense Contact Group (UDCG) scheduled for Oct. 12 in Germany was postponed after U.S. President Joe Biden canceled his overseas travel to handle Hurricane Milton, AFP reported on Oct. 9, citing a statement by the Ramstein Air Base. Biden was supposed to convene a first leader-level meeting of the […]

Ukraine

October 9, 2024

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German Foreign Minister Baerbock arrives in Kyiv

German Foreign Minister Annalena Baerbock arrived in Kyiv on Nov. 4 in a show of support for the besieged country, marking her eighth visit to Ukraine. "We are countering this brutality with our humanity and support, so that Ukrainians can not only survive the winter, but so that their country can survive," Baerbock said upon […]

Ukraine

November 4, 2024

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Foreign Ministry says Kyiv discusses mobilization strategy with partners, calls on faster military aid

Ukraine has urged its international partners to expedite the delivery of critical military equipment, emphasizing that quicker aid is more crucial than drafting additional personnel. With manpower shortages posing a challenge, Ukraine continues to balance domestic and international expectations while focusing on strengthening its forces on the battlefield. "We are now in the situation when […]

Ukraine

November 28, 2024

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‘We believe that in 5 years, Ukraine's defense sector will attract half a billion dollars;’ Q&A with foreign defense investors

Ukraine has become a hotbed of defense innovation, as Russia’s deadly invasion fuels a rapid development of new battlefield technologies. Kyiv now aims to become a global leader in the defense sector, but with its economy drained by the war, it needs foreign investment to accomplish its goal. Ukraine has the capacity to produce around […]

Ukraine

October 9, 2024

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World's largest business organization cuts arbitration costs to boost foreign investment in Ukraine’s reconstruction

The International Chamber of Commerce (ICC) will lower the costs of its arbitration court for foreign investors involved in Ukraine's reconstruction projects to encourage much-needed investment, the ICC Secretary General John Denton said at the Kyiv International Economic Forum on Nov. 7. "The big issue for a foreign investor is clear access to dispute settlement," […]

Ukraine

November 7, 2024

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