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Recent Russian attacks targeted energy facilities across Ukraine, resulting in power outages for around 1.5 million people. Ukrhydroenergo reported that units of the Dnipro hydroelectric plant were destroyed, requiring 18 to 24 months for rebuilding. Naftogaz stated that their underground gas storage facility in western Ukraine will need surface infrastructure repairs. Attacks on Ukrenergo caused 90-100 million euros in damages. DTEK lost half its generating capacity and faces challenges in restoration.
The effectiveness of Ukraine’s “International Sponsors of War” list was called into question, leading to its removal from the website of the National Agency for the Prevention of Corruption. France, Germany, and some EU countries opposed the U.S. proposal for a special-purpose vehicle to issue $50 billion in bonds from frozen Russian assets to support Ukraine.
The IMF approval of a third review of Ukraine’s $15.6 billion loan program led to the release of $880 million for budgetary support. Despite war-related uncertainty, Ukraine’s macroeconomic and financial stability have been preserved, with recovery expected to slow to 3-4% in 2024.
The Soviet-era Zhytniy Market in Kyiv faced potential demolition due to real estate development plans but was saved from a suspiciously short auction period following public protests led by celebrity chef Yevhen Klopotenko. McDonald’s plans to open six new locations in Ukraine this year, creating 1,500 new jobs.
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