The High Court of England and Wales has issued a ruling to freeze the assets of Kostyantyn Zhevago, the former owner of the now-liquidated Finance and Credit Bank, which has been under liquidation since 2015, the National Bank of Ukraine (NBU) press service reported.
According to the NBU, the asset freeze was imposed as part of proceedings on the NBU’s claim to recognize and enforce in England a Ukrainian court decision obliging Zhevago to repay his debt to the central bank.
Back in 2019, the Shevchenkivskyi District Court of Kyiv ruled that Zhevago was liable for the non-repayment of a debt personally guaranteed by him in relation to stabilization loans provided to Finance and Credit Bank.
Ukraine and the International Bank for Reconstruction and Development have signed a loan agreement worth $246.5 million under the SURGE program (Supporting Ukraine’s Recovery through Governance Enhancement), the Ministry of Finance reported. The funds will be provided through the ADVANCE Ukraine Multi-Donor Trust Fund, supported by the Government of Japan. “The project aims to support […]
As part of its winter preparations, Ukraine has already received about 400 million cubic meters of American liquefied natural gas (LNG), Naftogaz reported on Monday. The imports are being delivered through two terminals — Świnoujście in Poland and Klaipeda in Lithuania. In total, as of mid-September, around 450 million cubic meters of U.S. LNG have […]
The government plans to abolish work completion certificates. A corresponding draft law has already been submitted to the Verkhovna Rada, Prime Minister Yulia Svyrydenko announced on Telegram. “The government’s bill eliminates the mandatory signing of a work completion certificate to pay for services in non-cash form as proof of service delivery. These changes will make […]
Ukraine’s Gas Transmission System Operator (GTSOU) plans to build the country’s first hydrogen pipeline infrastructure facility. “Our long-term ambition is to create a nationwide hydrogen transportation network. The company takes into account both security factors and commercial considerations — the priority is access to the developed EU market,” explained Oleksandr Haidin, Head of Strategy at […]
Since the beginning of the year, Kyiv has collected a record 34.8 million UAH in tourist tax, which is 65% more than in the same period of 2024, according to the Kyiv City State Administration’s Department of Tourism and Promotion. “2024–2025 marked the beginning of the recovery of Kyiv’s tourism sector. Last year, the capital’s […]
Prime Minister Yuliia Svyrydenko has instructed an audit of subsoil users operating at Ukraine’s strategically important deposits. “I have instructed the Ministry of Economy and the State Service of Geology and Subsoil to audit all subsoil users who have received permits for strategically important deposits. We plan to check who is actually working and who […]
The government has added Kharkiv and the village of Borodianka in the Kyiv region to the list of locations for the pilot rollout of 5G networks. The announcement was made by First Deputy Prime Minister and Minister of Digital Transformation Mykhailo Fedorov. “In addition to Lviv, two more cities—Kharkiv and Borodianka—will join the 5G technology […]
In the first six months of 2025, Ukraine exported goods worth $20.0 billion, down 4.2% compared to the same period last year. Imports amounted to $38.6 billion, according to the State Statistics Service. “In the first half of 2025, goods exports totaled $20,044.9 million, or 95.8% compared to the first half of 2024, while imports […]
Failure by banks of their obligations under the agreement is a part of the reason for the lawsuits, the amount of which is sometimes measured in billions of dollars, it depends on the losses. One of the largest financial institutions in Germany Commerzbank, requires four US banks for damages in the amount of $ 2 […]
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More than half of the power generation capacity destroyed by Russia has been restored in Ukraine. This was announced by Deputy Minister of Energy Mykola Kolisnyk. ‘Over the past few days, there has been an increase in air temperature, which has led to an increase in electricity consumption, but we have enough generating capacity to […]
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The United States has abolished duty-free tariffs for parcels worth up to $800, known as the de minimis exemption. This benefit had been in place since 1938 and was raised from $200 to $800 in 2015 to boost small businesses on online marketplaces, Reuters reports. A six-month transition period will follow, during which postal services […]
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Last week, the value of cryptocurrency fell sharply, but now it is approaching a historic high again. According to Coin Desk, after a sharp drop last week, the value of bitcoin broke the record and reached $ 19,686. Thus, the cryptocurrency exceeded the value recorded on December 16, 2017 by $ 20,665. But the absolute […]
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The Ukrainian authority continues bank privatisation allowing. For the present, Anti-Monopoly Committee of Ukraine (AMCU) gives the permission to Sergei Tihipko of Universal Bank purchasing through the Bailican Limited Company. AMCU provides also allowance to Sergei Tihipko on the mediated acquisition through the T.A.S. Overseas investments Limited company . He intends to buy shares of […]
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The Ministry of Digital Transformation of Ukraine and Microsoft have signed a Memorandum of Cooperation aimed at developing digital infrastructure, implementing innovative technologies, and strengthening the artificial intelligence ecosystem in Ukraine, the ministry’s press service reported. “It is important for us that global technology leaders not only provide services but also become part of our […]
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The coronavirus pandemic has allowed Ukrainian pharmaceutical companies to enter new world markets – the EU and Asia. The head of the board of Darnitsa Group Dmitry Shymkov in an interview stated this with the executive director of the European Business Association Anna Derevyanko. In particular, the shortage of medicines arose due to the fact […]
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China has officially introduced a ban on electronic retractable door handles in electric vehicles, becoming the first country in the world to impose such strict requirements on EV door design. The new rules will take effect on January 1, 2027, and will require automakers to install mechanical door handles both on the exterior and inside […]
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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 […]
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Difficulties in selling oil due to reduced purchases by India have led to a second consecutive monthly drop in Russia’s oil production, which fell to 9.28 million barrels per day in January. Bloomberg reports this, citing sources familiar with the data. This is nearly 300,000 barrels per day below the quota allocated to Russia under […]
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Starbucks reported its biggest profit of all time in the UK, and it can serve as a long-term completion of a tax dispute with the British government. After the company was involved in a major tax scandal in 2012, when it was accused of tax evasion, Starbucks paid UK a large sum of income tax […]
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NASA has provided to Nokia with $ 14.1 million to deploy 4G (LTE) network on the moon. The US space agency noted that telecommunications networks of this standard will be able to provide more reliable than radio signals, communication on the Earth’s satellite, where it is planned to build the lunar base by 2028. NASA […]
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Johnson & Johnson plans to complete the third phase of trials of its single-dose vaccine against COVID-19 in mid-January 2021. Paul Stoffels, vice chairman of the executive committee, senior scientific expert at Johnson & Johnson said they plan to deliver to market 1 billion doses. “We are in the middle of the third phase of […]
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The global tourism industry could lose 120 million jobs due to the COVID-19 coronavirus pandemic. This was stated in a video message by UN General Secretary Antonio Guterres. According to him, tourism has become one of the sectors most affected by the pandemic, and no country has been unaffected by the sharp decline in international […]
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The European Commission has agreed to review the conditions under which additional tariffs are imposed on Volkswagen Group vehicles assembled in China, Carscoops reports. Instead of the standard tariff, the company proposes introducing an import quota and a minimum price mechanism. The request was submitted by Volkswagen Anhui — a joint venture between VW and […]
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Nvidia and AMD have reached an agreement with the Donald Trump administration to remit 15% of their revenues from chip sales in China to the U.S. government in exchange for export licenses, the Financial Times reports, citing sources familiar with the deal, including a U.S. government representative. Under the arrangement, Nvidia will transfer 15% of […]
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