Russia Loses More Than a Quarter of Its Seaborne Fuel Exports

Russia’s seaborne exports of petroleum products fell by 27% in daily terms in June compared with May, and by 37% year-on-year compared with June 2025, declining to 5.7 million metric tons, according to Reuters calculations based on industry sources. Several major Russian oil refineries have come under drone attacks in recent months, disrupting crude oil […]

IEA Forecasts Oil Market Surplus Despite Expected Decline in Demand

Global oil demand is expected to record its first annual decline since 2020, falling by approximately 1 million barrels per day (bpd) in 2026, according to the International Energy Agency (IEA). The decline is attributed to the war involving Iran, which has disrupted oil production and exports across the Middle East. According to the agency, […]

EU Accuses Meta of Using Addictive Design Features

The European Commission has released its preliminary findings accusing Meta of using design features that may encourage addictive use of Facebook and Instagram, while also failing to provide adequate protection for children, the Commission said in a statement. According to the European Commission, Meta relies on personalized recommendations, autoplay videos, and infinite scrolling features that […]

Denmark Allocates €10 Million to Support Ukraine’s Energy Sector

Denmark has contributed an additional €10.66 million to the Ukraine Energy Support Fund, according to the press service of Ukraine’s Ministry of Energy. “Denmark has made an additional contribution of €10.66 million (DKK 80 million) to the Ukraine Energy Support Fund. As a result, the Kingdom’s total contribution to the Fund has reached €78.5 million,” […]

State Property Fund Generates More Than UAH 3.4 Billion for Ukraine’s Budget in First Half of the Year

Ukraine’s State Property Fund (SPFU) generated more than UAH 3.4 billion in revenue for the state budget during the first half of the year. Of this amount, UAH 1.4 billion came from dividends and distributions of net profits from state-owned enterprises, according to the Fund’s press service. Revenue from the privatization of small-scale state assets […]

Electronics Retailer in Lviv Region Accused of Concealing Over UAH 60 Million in Taxes

Authorities in Ukraine’s Lviv region have uncovered an alleged tax evasion scheme involving a company selling consumer electronics, household appliances, and accessories. According to the Office of the Prosecutor General, the scheme resulted in more than UAH 60 million in lost tax revenue. Investigators allege that the company’s director organized sales throughout 2025 using 58 […]

Ukraine Needs €7 Billion in Investment for New Power Generation Capacity

Ukraine will require approximately €7 billion in investment over the coming years to develop new power generation capacity, according to Vitalii Zaichenko, Chairman of the Management Board of Ukrenergo. According to Zaichenko, Ukraine is building an electricity system that will be more resilient, decentralized, and environmentally sustainable. The future energy mix will combine nuclear and […]

Ukraine Receives $3.35 Billion from the World Bank

Ukraine has received $3.35 billion into its state budget under the first Jobs and Private Sector Growth Development Policy Program, implemented jointly with the World Bank. The announcement was made by Ukraine’s Prime Minister Yulia Svyrydenko. The funding will be used to support the country’s macro-financial stability and finance priority state budget expenditures during the […]

German Tire Maker Continental to Sell ContiTech to U.S. Firm Lone Star for €4 Billion

Lockheed Martin to Acquire UK Naval Defense Technology Company Ultra Maritime for $3.45 Billion

U.S. defense giant Lockheed Martin, the world’s largest manufacturer of military equipment and weapons systems, has agreed to acquire Ultra Maritime, a British company specializing in anti-submarine warfare and undersea defense technologies, from global private equity firm Advent International for $3.45 billion. The acquisition will strengthen Lockheed Martin’s position in the naval defense sector amid […]