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Ministry: Lithuania to fund production of Ukrainian long-range drones

Lithuania will fund the production of Ukrainian long-range drones, Ukrainian Defense Minister Rustem Umerov announced on Nov. 23. The long-term agreement between Ukraine and Lithuania includes an initial tranche of 10 million euros which has already been agreed upon and focuses particularly on Ukraine's Palianytsia missile-like drones. "I expressed gratitude to the Republic of Lithuania […]

Ukraine

November 23, 2024

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Ukrainian energy giant says it's 'disappointed' by report on EBRD's refusal to fund it

Ukraine’s largest private energy company, DTEK, said on Nov. 26 that it was "disappointed" by a report that the European Bank for Reconstruction and Development (EBRD) would not provide funds to DTEK due to its ownership by oligarch Rinat Akhmetov. The statement is a response to an article published by the Italian newspaper Corriere della […]

Ukraine

November 26, 2024

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World Bank approves fund to facilitate G7's $50 billion loan for Ukraine, Reuters reports

The World Bank's executive committee approved on Oct. 10 the creation of a new fund to help fulfill the Group of Seven (G7)'s $50 billion loan, Reuters reported, citing sources. During the June G7 summit in Italy, G7 leaders publicly confirmed a deal on the plan to provide Ukraine with a $50 billion loan by […]

Ukraine

October 11, 2024

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Zelensky: Kursk operation has made one of the biggest contributions to Ukraine's exchange fund

President Volodymyr Zelensky said that the Kursk operation has made one of the most significant contributions to Ukraine's exchange fund, aiding the release of Ukrainians from captivity. "Today marks two months of our military operations in the Kursk region. And this is a very important phase of the war. Something that has greatly helped and […]

Ukraine

October 6, 2024

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