Germany has made its largest single contribution to support Ukraine by transferring more than €160 million to the Ukraine Energy Support Fund. This amount is the biggest one-time contribution since the Fund was established, Ukraine’s Deputy Minister of Energy Mykola Kolisnyk said.
Overall, €245 million in new contributions was transferred to the Fund in December 2025. In addition to Germany’s Federal Foreign Office, the German Federal Ministry for Economic Affairs and Energy also provided €3 million through Germany’s development bank KfW.
The Ukraine Energy Support Fund, administered by the Secretariat of the Energy Community, is one of the most effective mechanisms of international assistance to Ukraine’s fuel and energy sector, Kolisnyk noted.
The Fund’s resources are used to procure equipment for energy companies and to restore infrastructure damaged by enemy attacks.
In December, during a series of high-level international meetings, Ukraine received assurances from its partners of continued, systematic support.
In addition to the Fund’s mechanisms, Ukrainian energy workers also receive international humanitarian assistance in the form of equipment.
Since the start of the full-scale invasion, Ukraine has received 1,995 humanitarian cargo shipments with a total weight of nearly 26,000 tonnes from 38 countries.
Google has agreed to pay $135 million to settle a class-action lawsuit filed by smartphone users who accused the company of illegally collecting mobile data through the Android operating system. According to Reuters, a preliminary settlement has been submitted to the federal court in San Jose, California, and still requires approval by a judge. The […]
Windows 11 surpassed the 1 billion–user milestone during the holiday quarter. Microsoft CEO Satya Nadella announced this during the company’s earnings call for the second quarter of fiscal year 2026, according to The Verge. The Windows 11 user base grew by more than 45% year over year. While Microsoft did not disclose the exact number […]
India will purchase oil from Venezuela. U.S. President Donald Trump told reporters this on the evening of January 31 while flying to Florida. The American leader also urged China to strike a deal to buy oil from Venezuela. “China can come in and make a great oil deal. You know, we’d be happy to see […]
Russia’s oil company Lukoil, which is under U.S. sanctions, has found a buyer for its foreign assets. The buyer is the U.S. investment fund Carlyle, the company’s press service reported. The parties have signed an agreement concerning Lukoil’s subsidiary, LUKOIL International GmbH. The deal does not affect assets in Kazakhstan, which will remain under the […]
Russia is facing serious financial difficulties in funding its war against Ukraine. Against the backdrop of negotiations, this narrows the Kremlin’s ability to prolong the war without economic consequences, Bloomberg reports, citing sources familiar with the matter. The Russian government is preparing for the budget deficit to exceed planned levels if military spending rises again. […]
Russian oil producers are continuing to increase discounts on oil for India in an effort to sell cargoes that refineries had previously rejected due to sanctions imposed by the administration of Donald Trump. This was reported by a former top executive of one of Russia’s energy companies in comments to the Financial Times. The average […]
The EU has officially added Russia to its “blacklist” of high-risk countries for money laundering and terrorist financing. This is evidenced by data published in the Official Journal of the Council of the EU. EU High Representative for Foreign Affairs Kaja Kallas also announced that Russia has been placed on the so-called blacklist due to […]
A few days ago the official Facebook-community of one of the Ukraine’s largest shopping clubs LeBoutique was unavailable. The community is quite popular; about 35 000 users signed for the page. As reported in AIN.UA shopping club, the community was blocked by administration of the social network for the use of someone else’s trademark. The […]
Next
Due to the elimination of corruption patterns in the energy sector, the State Treasury has saved 140 billion UAH. On this figure notified the head of the government of Ukraine Volodymyr Hroisman in an interview to the national news agency Ukrinform. According to the Prime Minister the compensations for Naftohaz and LMKP Teplokommunenergo were hundreds […]
Next
Last winter two well-known manufacturers of technique went to court with counter-accusations of patent infringement. Apple representatives accused their Swedish competitors in the application of technologies in the transmission network, the Swedes responded by suing a counter statement in which it accused Apple of using of their cellular technologies in the production of its equipment. […]
Next
Yesterday it took place a press conference with the top management of the group companies WOG, where it were voiced the plans of the largest oil trader and retailer of coffee for 2017. Also, the results of the past year were reviewed. CEO of Business Serhiy Koretskyi, together with the director of retail sales Kudin […]
Next
In the second quarter of 2020, China’s economy grew after a historic downturn in the previous three months. This was reported by Interfax with reference to the State Statistical Office of China on Thursday, June 16. Thus, China’s GDP in April-June increased by 3.2% compared to the same period last year. The recovery was caused […]
Next
The new Syrian government has signed an agreement with a company from the United Arab Emirates (UAE) that will invest $800 million in the modernisation of the port of Tartus, which was previously leased by Russia. This was reported yesterday by Reuters. It is stated that yesterday, on 13 July, the General Directorate of Land […]
Next
ByteDance’s valuation exceeded $ 250 billion, based on the value of shares in the secondary market, according to Bloomberg. The Chinese company’s share price has risen sharply in recent weeks as investors show more interest in ByteDance’s business, and its founder Zhang Ying is considering an IPO, the agency said. According to the analytical company […]
Next
The deputies of the Verkhovna Rada of Ukraine (VRU) supported in the second reading a bill amending the law on the abolition of mandatory state registration of foreign investments. For document №2763 on Tuesday, May 31 voted 259 MPs with the required minimum of 226 votes. This bill will help to create the conditions to […]
Next
The owner and president of DCH Oleksandr Yaroslavsky is ready to attract $ 1 billion in investments in the restoration of the Kharkiv Aviation Production Enterprise. This statement is published on the official website of the DCH. “The DCH Group is ready to take responsibility for the resumption of domestic aircraft construction and raise $ […]
Next
The computer system of the American medical company Universal Health Services, which has a membership of over 400 medical institutions, has become the object of attack by hackers that demand the ransom. This was reported by CNBC, citing sources from the company’s employees. According to the TV channel, computers in the various institutions of the […]
Next
The share of the ruble in payments for Russian exports reached a record 55.5% in June, according to the Russian Central Bank. For the first time on a quarterly basis, the ruble’s share in export settlements exceeded half, standing at 53.3%, The Moscow Times reports. An estimated 40% of this increase stems from the need […]
Next
The attractiveness of Ukraine for many foreign investors has been very high and still remains so. However, due to a number of circumstances, the business climate is not yet conducive to the inflow and growth of investment. The main investors in Ukraine are the Netherlands, Germany, the Russian Federation, Austria, the United Kingdom, the British […]
Next
By 2024, more than 300 branches of Privatbank will be closed; more than six thousand employees will be fired. Such measures are spelled out in the financial institution’s development strategy approved by the Cabinet of Ministers. It is noted that the bank should leave 1250 branches (according to data for 2020, 1688 of them), and […]
Next
The Ukrainian “KVV group” put in dead storage its Liepajas KVV metalurgs plant in Latvia because of the crisis in the steel industry and the failure of the negotiations with the Latvian government. “The management of the ” KVV group” forced to take this decision in view of the continuing long-term negative factors, that impede […]
Next
Indian oil refining company Nayara Energy, in which Rosneft holds a 49.13% stake, has announced the start of legal proceedings against Microsoft. The move comes after the U.S. tech giant “suddenly and unilaterally” cut off Nayara’s access to key services, Bloomberg reports, citing a company statement. “Microsoft is currently restricting Nayara Energy’s access to its […]
Next
The TMT Investments Company has sold a 7.1% stake in the Depositphotos company to the private European investor, whose name was not disclosed. The deal amounted to $ 5.85 million. Thus, the overall assessment of the Ukrainian company, according to the terms of this transaction, is approximately $ 82 million. TMT will use the proceeds […]
Next
