Ukrainian ports have been working at less than half their capacity since October, leaving global grain markets short of 2-3 million tonnes a month, MP Danylo Hetmantsev says, blaming Russia for slowing ship inspections under the Black Sea grain deal at the Bosphorus.
Prime Minister Denys Shmyhal reflects on Ukraine’s resilience and achievements in 2022, highlighting military, economic, and social progress. Ukraine secured record security funding, advanced EU integration, and maintained economic stability, all while fostering unity and determination.
The G7 oil price cap is squeezing Russia’s export income and could push its 2023 budget deficit above the planned 2% of GDP, Finance Minister Anton Siluanov said, in Moscow’s clearest acknowledgement yet that the Western sanctions measure could hurt state finances.
Ukraine’s green energy sector has suffered significant losses, with 90% of wind and 45-50% of solar capacities affected. Despite this, there is optimism for future renewable energy development, with Europe showing interest in post-war investments.
Russia raised a record 820 billion roubles, about $13.6 billion, in a single day of debt sales on November 16, British intelligence says, calling debt issuance a key way to sustain defence spending and a sign Moscow expects an increasingly uncertain fiscal environment.
EU gas storage facilities are 92% full and Russia’s share of the bloc’s pipeline gas imports has fallen to 9% from around 40% before the war, European Commission President Ursula von der Leyen said as she presented a new package of measures to tackle high energy prices.
EU agriculture continues to suffer from the consequences of Russia’s invasion of Ukraine, from soaring energy prices to rising input costs and food inflation, but the sector remains stable and food availability is not at risk, the European Commission’s outlook says.
Since the UN-led Black Sea Grain Initiative took effect in July, global food prices have fallen to pre-war levels, benefiting vulnerable countries, Global Affairs Canada says, warning that without the agreement the gains made in lowering food prices would be lost.
German Chancellor Olaf Scholz said Germany had prepared for Russia to largely cut off gas supplies because of the war against Ukraine, Bloomberg reported on September 10, 2022. The report was also carried by Fortune.
President Volodymyr Zelensky said Russia was burning gas worth at least €10 million each day near the Finnish border instead of supplying European consumers, Ukrinform reported on August 29, 2022.
Ukraine had spent nearly one trillion hryvnias from the state budget since Russia’s full-scale invasion began on February 24, Prime Minister Denys Shmyhal said at a government meeting on August 23, 2022.
US Deputy Treasury Secretary Wally Adeyemo raised concerns that Russian entities and individuals were attempting to use Türkiye to evade sanctions, according to a Treasury readout issued on August 19, 2022.
