DIRS.INFO The most relevant business & tech news

☆ Insurers are trying to draw investment back to Ukraine amid hopes for an end to the war
▼ + stars: | 2024-12-12 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

A new program aims to draw investment back to Ukraine by reviving the country's insurance market. The initiative aims to encourage business activity in the country as hopes for an end to the conflict grow. AdvertisementOn Thursday, Aon and the EBRD launched a $115 million program to cover losses on war-related risks underwritten by insurers in Ukraine. With little to no backstop for Ukrainian insurers in the last three years, capital flows into the country have dwindled as private investors remain wary. Thus far, international reinsurer MS Amlin and three local Ukrainian insurers have signed up to the initiative, Aon says.

Persons: reinsurers, Aon, Yulia Svyrydenko, Svyrydenko, Volodymyr Zelenskyy, Donald Trump's, Trump, Vladimir Putin, Putin Organizations: European Bank for Reconstruction, Ukraine's, Cooperation, European Union, NATO Locations: Ukraine, France, United Kingdom, Norway, Switzerland, Russia

☆ South Korea signs $130 mln aid package with Ukrainian minister
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +1 min

[1/2] South Korean Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho speaks during an interview with Reuters in Incheon, South Korea, May 3, 2023. REUTERS/Kim Hong-JiSEOUL, May 17 (Reuters) - South Korea signed an agreement with Ukraine on Wednesday on its plan to provide a $130 million financial aid package, a day after the visiting first lady of the war-hit country asked for military assistance. South Korea's finance ministry said Minister Choo Kyung-ho and Ukrainian Economy Minister Yulia Svyrydenko, in Seoul to attend a conference, signed the agreement on the package, which will consist of donations and aid loans. South Korea, a major producer of artillery shells, has said it was not providing lethal weapons to Ukraine, citing its relations with Russia. Reporting by Choonsik Yoo; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

Seoul, South Korea CNN —Ukraine’s first lady Olena Zelenska asked South Korea to provide non-lethal military hardware when she met with President Yoon Suk Yeol in Seoul on Tuesday, both countries have reported. But an official from Yoon’s office said Zelenska stopped short of asking for lethal weapons, acknowledging that South Korea would have found it difficult to oblige had any such request been made. Since the war broke out in Ukraine, South Korea has maintained its stance of not providing lethal weapons to a warring country, although Yoon has hinted at a possible major policy shift. The Ukrainian first lady handed Yoon “a personal letter and an invitation from the president of Ukraine” to visit her country, the Ukrainian side said. Last year, she met US first lady Jill Biden privately at the White House to discuss American support for Ukraine.

SummarySummary Companies Three EU states have banned Ukrainian grain, food importsRomania looks set to follow suitUkraine also trying to salvage Black Sea grain dealWARSAW, April 18 (Reuters) - Poland agreed on Tuesday to lift a ban on the transit of Ukrainian grain and food products, but Ukraine said a wartime deal allowing it to safely ship grain from Black Sea ports was still under threat. Failure to resume exports into eastern European countries or secure an extension of the Black Sea grain deal would trap large amounts of grain in Ukraine, hitting its exports and causing further economic problems for Kyiv as it battles Russian troops. Large quantities of Ukrainian grain have been trapped by bottlenecks in eastern and central Europe as low global prices and demand mean grain cannot easily be sold on. BLACK SEA GRAIN DEAL IN DOUBTUkraine, which relies on grain and food sales for a significant slice of its gross domestic product, also has concerns about the Black Sea Grain Initiative brokered between Moscow and Kyiv by Turkey and the United Nations last July. Russian Foreign Minister Sergei Lavrov will discuss the Ukraine Black Sea grain export deal with U.N. Secretary-General Antonio Guterres in New York next week, Russia's U.N. envoy said on Tuesday.

☆ Ukraine imposes 50-year sanctions on Russian financial sector
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +2 min

KYIV, Feb 23 (Reuters) - Ukraine's parliament imposed sweeping 50-year sanctions on Thursday on Russian financial institutions including the central bank, all commercial banks, investment funds, insurers and other enterprises. "It is a complete block on financial institutions of the Russian Federation accessing markets and assets in Ukraine. Economy Minister Yulia Svyrydenko said the sectoral sanctions would affect hundreds of banks and tens of thousands of financial institutions registered in Russia. The measures include a ban on transactions with assets owned by the Russian Federation's financial institutions, a ban on establishing business relations and a ban on transactions and investments in Russian financial institutions, Svyrydenko said. Ukraine is also urging its Western partners to impose more sanctions on Moscow, including taking steps that target Russia's nuclear sector.

☆ EU still has not agreed on anniversary Russia sanctions, more talks Thurs - sources
▼ + stars: | 2023-02-22 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +2 min

It would also bar more EU exports to Russia of tech equipment and spare parts Moscow might use on the battlefield. "There are several issues outstanding, including on rubber and reporting obligations," said one of the sources, who all spoke under condition of anonymity due to the confidentiality of the negotiations between EU countries. More talks among Brussels representatives of EU members were due on Thursday afternoon, said the sources. NO NUCLEAR, DIAMONDSTaken all together, the sanctions against Russia would be the toughest the bloc has ever imposed. So that's why we hope that we will see these sanctions in the tenth package, otherwise, maybe in the next packages."

[1/2] Visitors queue in front of the Ukraine House during the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, January 16, 2023. It is about creating momentum and giving assurances that even during the war, Ukraine is not closed for business. "Ukraine has shown resilience in war time and business too so we have to find additional tools on how to facilitate Ukraine business to develop and foreign investment to come to Ukraine even now," she said. WAR NOT ENDING SOONZelenskiy addressed BlackRock executives and its clients in Davos via Zoom on Tuesday, a person who attended said. In Davos, an exhibition at Ukraine House reminds visitors of the scale of the destruction.

☆ Brazil's Lula calls for peace at meetings with Russia, Ukraine representatives
▼ + stars: | 2022-12-31 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Dec 31 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva met on Saturday with representatives of Russia and Ukraine ahead of his inauguration and called for an end to the war between the two countries. Lula, who will be sworn in on Sunday, said on Twitter he had separately met with the speaker of Russia's Federation Council, Valentina Matvienko, and Ukrainian Vice Prime Minister Yulia Svyrydenko. The two were in Brazil to represent their countries at Lula's inauguration and met both him and his future foreign relations minister, Mauro Vieira, according to pictures shared by the leftist leader. Lula said he told Matvienko that Brazil wishes for "peace and for the parties to find common ground to end the conflict," which began when Moscow sent troops into Ukraine on Feb. 24. Reporting by Gabriel Araujo, Editing by Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. Commerce's Raimondo vows continued support in talks with Ukraine economy minister
▼ + stars: | 2022-11-09 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 8 (Reuters) - U.S. Commerce Secretary Gina Raimondo pledged continued strong support for Ukraine during a meeting with the country's economy minister, including efforts by the U.S. government and private sector to help rebuild Ukraine's civilian infrastructure, the Commerce Department said on Tuesday. Ukrainian Economy Minister Yulia Svyrydenko briefed Raimondo at their meeting in Washington on Russia’s recent attacks on Ukraine’s energy infrastructure and Ukraine’s efforts to promote economic recovery, Commerce said in a statement. The two also discussed a U.S.-Ukraine infrastructure task forcebeing formed by the Department of Commerce, Department of Transportation and Ukrainian Ministry of Infrastructure, the department said. Her visit to Washington comes during congressional elections that could see President Joe Biden's Democrats lose control of Congress, with some Republicans already speaking out against continued U.S. support for Ukraine. "At that point, if public opinion on Ukraine starts to shift materially, I think the prospects for U.S. support for Ukraine follow and deteriorate," he said.

☆ Ukraine minister: GDP contraction of 39% expected in 2022 vs earlier forecast of 35%
▼ + stars: | 2022-11-09 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 9 (Reuters) - Ukrainian economy minister Yulia Svyrydenko said Russia’s destruction of civilian infrastructure in recent weeks was expected to result in a 39% contraction of gross domestic product in 2022, down from an earlier forecast of a 35% drop. Asked about recent comments from Republican leaders in Congress suggesting they would curtail U.S. aid to Ukraine, Svyrydenko said Ukraine's fight against Russia was an existential one, and that the entire world order would change if it lost. She said Ukraine is also seeking a yearlong extension of the suspension of U.S. steel tariffs to help Ukrainian steelmakers, which have been hit hard by Russian missile attacks. Svyrydenko said she discussed the issue with U.S. Trade Representative Katherine Tai during a meeting in Washington earlier on Wednesday. She also met on Tuesday with U.S. Commerce Secretary Gina Raimondo, who pledged continued strong support for Ukraine, including efforts by the U.S. government and private sector to help rebuild Ukraine's civilian infrastructure.

Search resuls for: "Svyrydenko"

10 mentions found