Week’s balance: blockade consequences, IMF return, and billions for Ukrainian roads
Last week, the Ukrainian authorities assessed the consequences of the trade blockade of the occupied Donbas for the economy; the IMF announced it would appoint a new date for the next Exec Board meeting on the allocation of another tranche to Ukraine; and the government boosted its efforts to fix Ukrainian roads.
Week’s balance: legitimized blockade, sanctioned banks, and EUR 600 million EU aid
Ukraine has officially banned the movement of goods across the contact line in the zone of the Anti-Terrorist Operation, imposed sanctions against the subsidiaries of Russian state banks, and is now waiting for the next tranche from the IMF as well as a EUR 600 million macro-financial assistance from the European Union - these are the main economic news of the outgoing week.
Gazprom surrender. Ukraine gets new trump card
Russian energy monopoly Gazprom has lost its long-standing dispute with the European Commission. The company has undertaken to fulfill the conditions put forward by the EU – it will give up all the preferences in the European markets and change the pricing. The fact that Gazprom has recognized violations on its part is in fact a huge trump card for Ukraine.
Week’s balance: Progress with IMF, blockade in full swing, and Sberbank of Russia under threat
The IMF will decide on the fate of the next bailout tranche for our country on March 20; Sberbank of Russia in Ukraine is facing sanctions; the headquarters of the ATO zone blockade has put forward an ultimatum; operations of the Odesa Portside Chemical Plant have been resumed - these are the main economic news of the outgoing week.
Week’s balance: Tragedy at Lviv coal mine, blockade-related losses, and cleansing at SFS
The tragedy at Stepova coal mine in Lviv region, which took eight lives; the steelmakers’ statement on possible large-scale losses of over a blockade of Donbas coal; as well as the investigation against the urgently hospitalized chief taxman Roman Nasirov – these are the main events of the week.