GTInvest Ukraine

Germany Agrees to Transfer $50 Billion from Russia’s Frozen Assets to Ukraine: Timeline for Funds Release Germany has expressed its support for the U.S. plan to transfer $50 billion from the revenues generated by frozen Russian assets to aid Ukraine This significant financial move aims to bolster Ukraine amidst its ongoing conflict with Russia. Timeline for Fund Transfer Expected Decision and Implementation: Decision Timeline: German officials do not anticipate a final decision by Western nations on the transfer of proceeds from Russia's frozen assets before the G7 leaders' meeting scheduled for June 13-15, 2024. Implementation Timeline: Any execution of this plan is not expected before 2025, according to sources cited by Bloomberg. https://lnkd.in/dR5Zyyan #GloryToUkraine

Top Ukrainian Banks by Profit and Other Key Metrics — NBU Report The National Bank of Ukraine (NBU) has released data on the most profitable banks since the beginning of 2024 State-owned PrivatBank continues to lead in various categories, with other banks fluctuating in rankings based on assets, deposits, profit, or capital. Overview of Ukrainian Banks As of 2024, Ukraine has 63 operational banks, categorized as follows: 6 state-owned banks 14 banks under foreign banking groups 43 private capital banks The number of state-owned banks increased thanks to the acquisition of the First Investment Bank (Pinbank) by the State Property Fund. https://lnkd.in/djyjzK98 #GloryToUkraine

France to Supply Additional Aster Missiles to Ukraine for SAMP-T Air Defense System French Minister of Armed Forces Sebastien Lecornu has confirmed France’s commitment to strengthening Ukraine’s air defense capabilities by promising a new shipment of Aster missiles These missiles are intended for the SAMP-T medium-range anti-aircraft missile system, which France has provided in cooperation with Italy. The announcement was made during a session in the National Assembly, as reported by Le Monde. https://lnkd.in/dKXeXdsV #GloryToUkraine

EU Extends Duty-Free Trade with Ukraine for Another Year The European Union has approved the extension of duty-free trade with Ukraine for an additional year, enabling continued tariff-free and quota-free trading for Ukrainian goods until June 5, 2025 This decision was confirmed by Ukrainian Prime Minister Denys Shmyhal, who emphasized the significant support this provides for Ukrainian producers and the broader economy. https://lnkd.in/g-et7HfC #GloryToUkraine

Australia to Supply Ukraine with Advanced MANPADS Australia has committed to providing Ukraine with a new batch of RBS 70 NG man-portable air-defense systems (MANPADS), capable of targeting enemy aircraft up to a distance of 9,000 meters This update comes from a report by Defense Industry Europe, highlighting discussions during Australian Defense Minister Richard Marles' recent visit to Lviv. The aid package is valued at approximately $50 million and will draw from the Australian Army's inventories. Specific details regarding the quantity of RBS 70 NG launchers and missiles, or potential additional equipment such as the Giraffe AMB air defense radars from Sweden's Saab, remain undisclosed at this stage. https://lnkd.in/dMfcppgN #GloryToUkraine

Duchess Sophie of Edinburgh Visits Kyiv Duchess Sophie of Edinburgh marked a historic visit to Kyiv, becoming the first member of the British royal family to travel to Ukraine since the onset of the full-scale Russian invasion in 2022 The visit, as reported by the BBC, was organized under the auspices of the British Foreign Office to express solidarity with those impacted by the conflict. https://lnkd.in/dgFF_9jU #GloryToUkraine

Ukraine and UAE Finalize Comprehensive Economic Partnership Agreement The Minister of Economy of Ukraine, Yulia Svyridenko, and the UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, have officially concluded negotiations on the Comprehensive Economic Partnership Agreement between their respective governments The Joint Statement confirming the negotiation's completion was signed on April 26, 2024, in Abu Dhabi, UAE. The agreement, heralded as a significant milestone, promises substantial liberalization of market access for goods and services and sets a framework for broader cooperation in economic sectors including trade, investment, and digital commerce. more: https://lnkd.in/dJ4GMyRV #GloryToUkraine

UK to Provide Ukraine with Extensive New Weapons Package Including Missiles and Armored Vehicles Britain is set to deliver a significant military aid package to Ukraine, marking the largest such contribution to date, valued at 617 million dollars Defense Express reports that this comprehensive package includes 1,600 missiles of various types and 400 units of armored vehicles. Detailed Breakdown of the Military Aid: 160 Husky armored vehicles 162 MRAP armored vehicles 78 all-terrain vehicles 60 raiding and diving boats 4 million rounds of small arms ammunition 1,600 missiles, encompassing both shock and anti-aircraft missiles, and additional Storm Shadow cruise missiles. https://lnkd.in/dwe76fdZ #GloryToUkraine #WarInUkraine

Norway Commits Billions for Air Defense to Support Ukraine Norwegian Prime Minister Jonas Haar Støre announced that Norway will allocate substantial funds to bolster Ukraine's air defense capabilities, as part of a global effort to support the country. Prime Minister Støre expressed concern over the ongoing assaults on Ukrainian civilians and infrastructure by Russian forces. "Every morning the news reports about Russian missiles and drones hitting civilian buildings, power plants and killing many people. Ukraine was able to protect itself from this, but it is running out of fuel," he stated. He further elaborated that significant financial resources will be dedicated to this initiative. "The Nansen program was partly used for this, but in the revised budget we will also allocate enough funds so that Norway will participate in this initiative from the very beginning," Støre explained. The Nansen program is a comprehensive Norwegian support package that provides NOK 75 billion over five years for both military and civilian aid to Ukraine. https://lnkd.in/dhqyfZ4h #warinukraine #GloryToUkraine

Lithuania Commits €15 Million for Rehabilitation of Ukrainian Military Lithuania has pledged approximately 15 million euros to assist in the rehabilitation of Ukrainian military personnel, as reported by the Ministry of Health of Ukraine This financial aid is earmarked for the reconstruction of medical facilities and the training of healthcare specialists. The announcement was detailed by the Prime Minister of Lithuania, Ingrid Šimonite, who stated, "Lithuania is starting a special rehabilitation program for wounded Ukrainian soldiers. We will promote the development of the relevant infrastructure and services of the three Baltic countries in Lviv, Dnipro, and Zhytomyr." This initiative underscores Lithuania's commitment to supporting Ukraine's recovery efforts, particularly in enhancing the healthcare services available to injured soldiers. https://lnkd.in/dXcvkNGP