Business

In early August, the Monitoring Group of the “Institute of Black Sea Strategic Studies” and BlackSeaNews reported unusual errors by leading global analytical centers and economic publications regarding the volumes of Russian crude oil exports, specifically in terms of underestimating the figures.  They (unlike us) somehow “failed to notice” 23 tankers carrying 3 million tons of Russian crude oil that […]

Public attention to the construction of fortifications was initially sparked by the Russian offensive in the Kharkiv region in May. It was then revealed for the first time that some fortifications existed only on paper, despite the state already spending 38 billion hryvnias on these projects, with a significant portion of these funds being transferred to newly created companies with […]

Did everyone read that Russia has been significantly reducing its maritime oil exports lately? With references to well-known Western agencies and analytical centers? – This is not entirely true, unfortunately. Andrii Klymenko investigates. The facts from our monitoring results show the following: Exports of Russian crude oil from Black Sea ports over the past 4 months of 2024 were as […]

The National Military Cemetery will be built by a company that was established a day after the tender was announced. The first phase of the construction of the memorial cemetery will cost the state 1.8 billion UAH (44 mln US Dollars). It is expected to be completed by the end of 2025. On August 1, the state institution “National Military […]

According to information from the National Anti-Corruption Bureau of Ukraine and the Specialized Anti-Corruption Prosecutor’s Office, Italian authorities have seized assets belonging to a Russian-origin businessman who is a suspect in a case involving over $60 million in damages to the State Food and Grain Corporation of Ukraine. The Italian publication Corriere Fiorentino reports that the businessman in question is […]

Hungarian Foreign Minister Péter Szijjártó criticized Ukraine’s decision to block the transit of oil from the Russian company Lukoil through its territory. He expressed his opinion on July 22 at a press conference in Brussels, where he attended the EU Foreign Affairs Council meeting, as quoted by Magyar Nemzet. Szijjártó noted that this route supplies crude oil not only to […]

Journalists discovered that Wytwornia Sprzetu Komunikacyjny Poznan, owned by the State Agency for Industrial Development, sold fuel pumps to Iran Motorsazan, which manufactures tractors. This is reported by Radio Zet. However, these components later ended up in combat drones used by Russia to attack Ukraine. The pumps are dual-use items, but they were exported without the necessary permit from the […]

The most important peacekeeper: India is the absolute champion in maritime imports of Russian bloody crude oil, Andrii Klymenko found out. In May 2024, India imported – according to our own monitoring – 7.1 million tons of crude oil from Russian ports in the Baltic (5.7 million tons) and Black (1.4 million tons) Seas. This is 47.6% of the total […]

In May 2024, not “shadowy,” but completely transparent tankers belonging to Greek shipowners, a member of the EU and NATO, transported: – Russian crude oil from Russian ports in the Baltic Sea – 3.4 million tons (30.55% of the total volume – an absolute 1st place); 29 tankers were recorded and identified. – Russian petroleum products from Russian ports in […]

At the beginning of this year, the EDS Ukraine group, under the leadership of Oleksandr Zapyshniy, planned substantial investments in constructing a new factory for manufacturing high-power transformers and chargers for electric vehicles. They aimed to sell their products not only in Ukraine but also in the Eurozone, with future plans to penetrate the US market. The first phase involved […]

The Ukrainian agribusiness “Continental Farmers Group,” owned by the Saudi state fund Salic, has acquired a linear-type elevator complex in the Lviv region.  The grain storage facility will be used to store grains and oilseeds cultivated by the company, as stated on their website. The elevator has a single storage capacity of 120,000 tons, of which 77,000 tons are stored […]

The World Bank has reclassified Ukraine into the category of upper-middle-income countries, with the country’s income estimated at $5,070 per capita, censor.net reports. This reclassification is reflected in the World Bank’s income level classification for the 2025 financial year, according to Forbes. The World Bank divides the world’s economies into four income groups: low, lower-middle, upper-middle, and high. The classification […]