The Minister of Agriculture and Food Policy in Ukraine has projected a significant decrease of around 40% in the country’s grain and oilseed exports for the current year. According to the predictions, Ukraine will only be able to export approximately 46 million tonnes of grain and oilseed in 2023, marking a substantial decline from the …
Ukraine Anticipates 40% Decline in Grain and Oilseed Exports this Year Read More »
In the wake of Western sanctions imposed on Russia in response to its aggression against Ukraine, the United Arab Emirates (UAE) has risen as a prominent gold trading center for the country. These sanctions have disrupted Russia’s original gold export routes, prompting a shift in trade dynamics. According to data from Russian Customs, between February …
The Secretary-General of the United Nations (UN) has expressed appreciation for Russia’s decision to extend the Black Sea Grain Initiative, allowing for the continued export of Ukrainian grain and other agricultural products through the ports in the Black Sea region. In a statement, the UN Secretary-General acknowledged the positive progress made and welcomed the confirmation …
UN Commends Russia’s Extension of Grain Export Agreement from Ukraine via Black Sea Read More »
The Stockholm International Peace Research Institute (SIPRI) has released its annual report, revealing that global military spending has reached record highs in the past year, with the Russian war in Ukraine being the main driver of this increase. This marks the largest annual growth in military spending in Europe since the end of the Cold …
Global Defense Spending Hits Record Highs in Aftermath of Ukrainian War Read More »
The Polish government has announced the suspension of imports of grain and other food products from Ukraine, citing the need to address farmers’ concerns and protect their interests in the face of a perceived threat to Poland’s “sustainable agriculture” and significant loss of income due to an oversupply of Ukrainian grains in the market. The …
Poland Suspends Imports of Grain and Food from Ukraine to Support Farmers in the Country Read More »
The European Union (EU) has criticized Poland and Hungary’s decision to impose a ban on grain and other food imports from Ukraine, stating that unilateral action on trade is not acceptable. Poland and Hungary announced the ban to protect their local agricultural sector, as large quantities of cheaper Ukrainian grain stayed in Central European states …
The International Monetary Fund (IMF) has released its World Economic Outlook report, projecting global economic growth over the next five years at 3%, the lowest medium-term forecast since 1990. In the short term, the IMF has revised its global growth projections for 2023 and 2024 to 2.8% and 3% respectively, down from the January forecast …
The World Trade Organization (WTO) has issued a report warning of the risks to global trade in 2023 due to the protracted war in Ukraine, inflation, and the use of strict monetary control policies by central banks around the world. The report, titled “Global Trade Outlook and Statistics,” was released on Wednesday and projects that …
WTO Warns Ukraine War, Inflation Crisis Risks Global Trade Slowdown This Year Read More »
After months of negotiations, the International Monetary Fund (IMF) and Ukrainian government officials have reached a preliminary agreement on a four-year financial assistance package worth $15.6 billion. The deal is subject to formal approval by the IMF’s executive board. This marks the first time in the IMF’s 77-year history that it will lend money to …
IMF Reaches Preliminary Agreement on $15.6 Billion Aid to Ukraine Read More »
SE NNEGC Energoatom and Cameco have signed agreements for the use of Ukrainian uranium in the production of nuclear fuel for all Ukrainian nuclear power plants (NPPs). The signing took place in London and was attended by Ukrainian Minister of Energy, German Galushchenko (online), Canadian High Commissioner in the United Kingdom, Ralph Goodale, and Ambassador …