Business news from Ukraine

Business news from Ukraine

Slovak Prime Minister announces intention to halt electricity supplies to Ukraine if oil pipeline does not resume operation

Slovak Prime Minister Robert Fico has announced his intention to stop emergency electricity supplies to Ukraine if Ukraine does not resume oil supplies on Monday, February 23, which were interrupted after an accident on the Druzhba oil pipeline near the Ukrainian city of Brody in the Lviv region in January.

“If the Ukrainian president does not resume oil supplies to Slovakia on Monday, then on the same day I will ask the relevant Slovak companies to stop emergency electricity supplies to Ukraine,” Fico wrote on Twitter.

He also accused Ukrainian President Volodymyr Zelensky of allegedly “refusing to understand our peacemaking approach” and therefore, according to Fico, “behaving maliciously towards Slovakia,” which he believes treats Slovakia “as an enemy country.”

“First, he stopped gas supplies to Slovakia, causing us losses of €500 million a year. Now he has stopped oil supplies, causing us further losses and logistical difficulties. If the West does not object to the Nord Stream gas pipeline being blown up, Slovakia cannot view Slovak-Ukrainian relations as a one-way ticket that is only beneficial to Ukraine,” the Slovak prime minister wrote.

Fico added that he is a “proud and sovereign Slovak” and intends to ask the state-owned joint-stock company SEPS to stop emergency electricity supplies to Ukraine. “In January 2026 alone, these emergency supplies, necessary to stabilize the Ukrainian power grid, were twice as much as in the whole of 2025,” he said.

The head of the Slovak government also stressed that Slovakia has been helping Ukraine since the beginning of the war. “About 180,000 Ukrainians are currently on our territory, we are providing humanitarian aid and organizing joint government meetings. We are doing much more for Ukraine than some other countries,” Fico wrote.

As reported, on February 18, the export of diesel fuel from Hungary to Ukraine was suspended until the resumption of Russian crude oil transit through the Druzhba pipeline, said Hungarian State Secretary for Public Diplomacy and Public Relations Zoltán Kovács. In his opinion, Ukraine “unilaterally stopped supplies on January 27 for purely political reasons, although technically their resumption is possible.” Statements about the suspension of diesel exports to Ukraine also came from the Slovak side.

Earlier, Hungary and Slovakia asked Croatia to allow Russian oil to be supplied to Hungary and Slovakia via the Adria pipeline. Meanwhile, Slovakia has declared a state of emergency in the oil industry due to the lack of oil supplies.

Croatian Economy Minister Ante Šušnjar, in turn, said that the Adria pipeline is ready for operation, but that there are no technical justifications for any EU country to remain tied to Russian crude oil. “A barrel bought from Russia may seem cheaper for some countries, but it helps finance the war and attacks on the Ukrainian people,” he said.

The transport of Russian crude oil through Ukraine via the Druzhba pipeline has been halted since the end of last month due to large-scale Russian attacks on Ukrainian energy infrastructure.

, , ,

Poltava Assembly and Preparation Plant calls shareholders’ meeting on March 13

According to Fixygen, Poltava Assembly and Preparation Plant JSC plans to hold a general meeting of shareholders on March 13, 2026.

Key voting topics include annual corporate governance issues: review and approval of annual results, financial statements, as well as decisions on the distribution of operating results and possible approval of significant transactions.

Poltava Assembly and Fabrication Plant JSC is a Poltava-based company operating in the field of fabrication and assembly work/production services for industry.

, ,

Metinvest and Azovstal Heart will continue to support Mariupol defenders

Metinvest Group, together with Rinat Akhmetov’s charitable project Heart of Azovstal, will continue to support the defenders of Mariupol until the last of them returns home from captivity, said the company’s Chief Operating Officer Alexander Mironenko at the conference Heart of Azovstal. Growing Together in Kyiv.

“We are strengthening veteran programs and creating new opportunities for education and professional development. Because veterans are a force that will help rebuild Ukrainian industry and the country after the war,” said Mironenko, whose words are quoted in a press release.

According to him, in three years of operation, this project, which is part of the Steel Front military initiative, has supported more than 8,000 defenders of Mariupol. They received more than 28,000 types of assistance: physical and psychological rehabilitation, prosthetics, their own apartments (for defenders with I and II disability groups), support in obtaining education and employment, etc.

It is noted that at the end of 2025, Akhmetov decided to continue the project for another year and allocated an additional UAH 600 million for its financing, bringing the total amount of aid over four years to UAH 2.2 billion.

This year, the Azovstal Hearts program will continue to support Mariupol defenders returning from captivity. It is planned to provide another 100 apartments to defenders with I-II disability groups under the At Home program — a total of 400 defenders will receive apartments over four years.

The report also notes that the post-traumatic growth methodology will be extended to the national level, and pilot training for communities working with veterans will be conducted in Bucha and Kamensk.

For its part, Metinvest is creating conditions for war veterans, including defenders of Mariupol, to integrate into enterprise teams, receive training, and build careers, as well as veteran communities and public associations where they can receive support. More than a thousand war veterans currently work at the group’s enterprises.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions – as well as in European countries. The main shareholders of the holding are SCM Group (71.24%) and Smart Steel Limited (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.

, , ,

Stalkanat convenes shareholders’ meeting on March 12

According to Fixygen, PJSC Stalkanat will hold a general meeting of shareholders on March 12, 2026.

The information provided regarding the meeting does not disclose the main issues to be put to a vote.

PJSC Stalkanat is an industrial enterprise operating in the metal and steel products segment.

,

Ukraine plans to export blns of dollars worth of defense products in 2026

Ukraine may export military goods and services worth several billion dollars as early as 2026 after allowing the export of such products during the war, and is considering introducing a tax on these exports, Reuters reports, citing Deputy Secretary of the National Security and Defense Council (NSDC) of Ukraine David Aloian.

“When asked about this year’s export potential, Aloyan (Deputy Secretary of the NSDC David Aloyan – IF-U) replied: ”Taking into account finished products, spare parts, components, and services that can be provided, this amounts to several billion dollars.” Overall, he said, the potential is “significantly higher” than pre-war exports,” Reuters reported on Friday.

According to Aloyan, in February, the state commission responsible for issuing relevant licenses during wartime approved most of the 40 applications from defense sector manufacturers to export material assets and services.

It is noted that Ukraine stopped exporting weapons after Russia’s invasion in February 2022 and relies heavily on weapons supplies from partners to defend itself against Russian troops. At the same time, Kyiv has invested resources in developing its defense industry, particularly drones and missiles. Leveraging its vast combat experience, Ukraine has experienced a boom in defense technology in recent years.

However, Aloian, who is a member of the commission that authorizes exports, did not exaggerate the significance of the immediate export boom: Ukraine’s own military needs must come first, as Russian troops advance in the east of the country and airstrikes hit towns and villages far from the front line.

According to Aloian, Ukraine’s partners have expressed interest in acquiring its advanced defense technologies. He named Germany, the United Kingdom, the United States, the countries of Northern Europe, three Middle Eastern countries, and at least one Asian country among those most eager to do so. “One of the Middle Eastern countries, which has a long history of arms trade with Ukraine, is exploring opportunities in the field of drones and heavy equipment,” Aloyan said, declining to name the country.

According to Aloyan, priority will be given to exports to countries that are Kyiv’s biggest supporters in the war. Ukraine also seeks to prioritize joint ventures and other forms of cooperation with other countries to attract financial resources, create new supply chains for weapons to the front lines, and gain access to new technologies. “This is more important than simply exporting ready-to-use products,” Aloyan added.

“Ukraine is also considering the possibility of introducing export duties for defense manufacturers,” he said. Although a final decision has not yet been made, he believes that this measure would justify the state’s decision to resume exports, as Kyiv could use the revenue for its own underfunded military needs.

“None of the applications approved by the commission involve the export of ready-to-use weapons,” Aloyan said, “and most are aimed at reimporting weapons to Ukraine for use on the front lines. But some of them are related to equipment for the Ukrainian-American FrankenSAM program, which develops anti-aircraft missile systems by combining Soviet systems belonging to Ukraine with Western missiles.”

,

Railways and road transport changing balance in Ukraine’s export logistics

Ukraine’s export logistics entered 2026 in a new configuration, where Ukrzaliznytsia’s transition to a fixed tariff for grain car rental reduced cost volatility, according to the information and analytical agency UkrAgroConsult.

According to analysts, the main cargo flows are currently concentrated in the direction of the ports of Greater Odessa, where terminal utilization has stabilized at 50%. In early February, the number of grain cars heading for ports exceeded 9,000 units, which is associated with the active fulfillment of contracts and the need for working capital for farmers before spring field work.

“The dynamics of grain car traffic demonstrates continued pressure on infrastructure capacity. This situation indicates a resumption of activity by exporters, but at the same time leaves minimal margin for the logistics system,” experts noted.

The agency noted a shift in the competitive balance between modes of transport: railways retain a key role in mass shipments, while road transport is increasing its share due to faster turnover.

“This model of coexistence will become a long-term reality for Ukrainian exports,” UkrAgroConsult predicts.

, , , , , ,