Business news from Ukraine

Business news from Ukraine

Education for veterans from Ukrainian universities

The Architecture of Resilience Veterans Institute offers opportunities for:

Free education* in over 30 specialties and >100 educational programs
Retraining, courses, second higher education, master’s and postgraduate studies
Psychological support and rehabilitation
Participation in projects for the restoration of Ukraine
Partnership programs with employers (Axor, Barks, Google, Microsoft, Cisco, etc.)

Training formats: full-time, part-time, online.
We work with communities throughout Ukraine.
Individual support from admission to employment.

We invite everyone to online or offline meetings with our team. We will tell you:
▪️ how to apply
▪️ what benefits veterans and their children are entitled to
▪️ how to receive compensation for training
▪️ which educational programs are most relevant for reconstruction

Program details:
www.Veterano.info

Write to us or leave a request on the website:
+38 073 94 96 179
+38 050 22 35 182
+38 067 49 81 098
center@uvc.in.net
veterano@knuba.edu.ua
Head: Artem Goncharenko – +38 073 177 72 73

Let’s build the future together. Start with education today!

Partner universities:
• Kyiv National University of Construction and Architecture
• National University of Physical Education and Sports of Ukraine (NUPESU) — a key institution on the basis of which a training and rehabilitation center for veterans has been created.
• Western Ukrainian National University
• Yuri Kondratyuk Poltava Polytechnic National University
• Vasyl Stefanyk Precarpathian National University
• National University of Life and Environmental Sciences of Ukraine
• Drohobych National Pedagogical University

*“Free education” refers to participation in state compensation programs, grants, scholarships, and support from employers.
Important: admission during the basic admission campaign within the standard terms.

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Russia has seized a strategic lithium deposit in the Donetsk region — The New York Times

During its spring offensive, Russian forces took control of one of Ukraine’s most promising lithium deposits — the Shevchenkivske site in Donetsk region. Previously under development by an American critical minerals company, the site was seen as a key asset in the growing economic partnership between Kyiv and Washington in the field of strategic resources. Its capture now poses serious risks to future joint projects and has already raised concerns among Western investors.

The Shevchenkivske deposit contains significant reserves of spodumene — a mineral from which lithium is extracted. Lithium is essential for manufacturing batteries used in electric vehicles and energy storage systems. Ukraine had earlier signed a framework agreement with the United States on cooperation in the field of critical raw materials, including the development of domestic lithium, titanium, and rare earth element extraction — crucial for the West’s green energy transition. The agreement envisioned attracting investment into Ukrainian subsoil resources. However, with Shevchenkivske now under Russian control, the feasibility of that cooperation is under threat.

Myroslav Zhernov, the director of the company holding the license for the site, confirmed the loss in a comment to The New York Times. According to him, the battle for the deposit lasted several weeks: “It was very hot. They were bombing with everything they had. And now they’re there.” Zhernov warned that this may not be the end: “If the Russians advance farther, they will control more and more deposits.”

The New York Times reports that signs of activity have already been observed on the occupied territory: an assessment of reserves is underway, and preparations for future extraction may be in progress. In this way, control over lithium could give the Kremlin not only military but also geoeconomic advantages. The article notes that Russia is already leveraging its influence in global raw materials supply chains, particularly in uranium markets.

Although Ukraine still possesses two other major lithium deposits in its western regions, Shevchenkivske was considered the most promising due to its high spodumene concentration — up to 90%. In peacetime, the development of this site could have become not only a source of revenue, but a strategic lever for integrating Ukraine into Western critical materials markets.

Former head of the State Service of Geology and Mineral Resources, Roman Opimakh, explained that such investments are subject to enormous risks during wartime: “Security and control over a deposit is the main prerequisite. The military threat scares away investors, and the loss of such a site effectively nullifies any near-term development plans.”

Observers note that the war is increasingly taking on characteristics of economic conflict. Russia is not only destroying infrastructure but is actively targeting resources that could be useful to itself or potentially strengthen Ukraine. Gaining control over lithium assets allows for pressure on Western corporations and contributes to reshaping global dependencies.

Despite the loss, Zhernov said his company is not giving up on investing in Ukraine and is exploring other options. However, he admitted the situation has fundamentally changed risk assessments: “Before, we saw this project as a driver of economic growth. Now — it’s just another front in the war.”

Earlier, the Experts Club information and analysis center produced a detailed video analysis of the prospects for rare earth element mining in Ukraine.

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Ukraine cuts iron ore exports by 13% in real terms

In January-May this year, Ukrainian mining companies reduced exports of iron ore in physical terms by 12.8% year-on-year to 13 million 545,967 thousand tons from 15 million 542,428 thousand tons.

According to the statistics released by the State Customs Service on Friday, during this period, foreign exchange earnings from the export of iron ore decreased by 21.5% to $1 billion 73.888 million from $1 billion 367.161 million.

Exports of iron ore were carried out mainly to China (44.98% of supplies in monetary terms), Slovakia (17.17%) and Poland (16.65%).

In addition, in January-May 2025, Ukraine imported iron ore worth $46 thousand in the amount of 65 tons from the Netherlands (46.67%), Norway (28.89%) and Italy (24.44%), while in the same period last year it imported 303 tons worth $121 thousand.

As reported, in 2024, Ukraine increased exports of iron ore by 89.8% compared to 2023 – up to 33 million 699.722 thousand tons, while foreign exchange earnings increased by 58.7% to UAH 2 billion 803.223 million.
In 2024, Ukraine imported iron ore worth $414 thousand in a total volume of 2,042 thousand tons, while in 2023, 250 tons of this raw material were imported for $135 thousand.

In 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons. Foreign exchange earnings amounted to $1 billion 766.906 million (down 39.3%). The company imported iron ore for $135 thousand, totaling 250 tons.

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Campari sells Cinzano

Campari Group has reached an agreement to sell its Cinzano vermouth and sparkling wine production to Caffo Group 1915, a private Italian spirits company (owner of the Vecchio Amaro del Capo bitter brand), according to a press release from Campari.
The sale also includes the Frattina grappa production business.
The deal is part of Campari Group’s strategy and commitment to optimize its portfolio by selling non-core brands to strengthen its commercial and marketing focus on its core spirits business and simplify its overall operations, according to the press release.
The agreement provides for the contribution to the newly created company of the Cinzano and Frattina businesses, including all intellectual property, finished product inventories, certain production equipment in Italy, contractual relationships, and other related assets. Production facilities in Italy and Argentina, where the Campari Group also produces other brands, are excluded from the scope of the transaction.
The transaction, which is valued at €100 million, is expected to close by the end of 2025.
In 2024, net sales of Cinzano and Frattina amounted to €75 million. The average annual growth rate over the past four years was 5%. Their share in the Campari Group’s total sales amounted to 2%.

 

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EVA chain owner to allocate over UAH 160 mln for dividends

Rush LLC, the owner of the EVA network in Ukraine, will allocate UAH 162.4 million from its retained net profit for 2024 to pay dividends.

According to the company’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the sole member of the LLC made the decision on June 26.

Thus, the distribution of 20.5% of the balance of net retained earnings for 2024 – UAH 162.4 million out of the total amount of UAH 792.5 million – was approved for the payment of dividends. Dividends will be accrued no later than six months from the date of the resolution.

Rusch LLC, which manages the EVA network, was founded in 2002. As of the beginning of 2025, the chain had 1109 operating stores.

According to Opendatabot, the owner of Rush LLC is Cyprus-based Incetera Holdings Limited (100%), with Ruslan Shostak and Valeriy Kiptyk as the ultimate beneficiaries.

In 2024, Rush’s revenue increased by 28.2% year-on-year to UAH 27 billion. Net profit decreased by 36.7% to UAH 1.4 billion.

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Exports of ferrous metals from Ukraine increased to $1.26 bln

In January-May this year, Ukraine’s metallurgical enterprises increased revenues from ferrous metal exports by 3.62% year-on-year to $1 billion 262.746 million.

According to statistics released by the State Customs Service (SCS) on Friday, ferrous metals accounted for 7.45% of total export revenues during this period, compared to 7.24% in January-May 2024.

In May, export earnings amounted to $267.702 million, while in the previous month it was $266.358 million.

At the same time, Ukraine increased imports of similar products by 10.1% to $663.150 million in January-May 2025. In May, products worth $159.463 million were imported.

In addition, in January-May 2025, Ukraine increased exports of metal products by 6.1% to $427.902 million. In May, they were exported for $97.382 million.

Imports of metal products decreased by 2.3% to $413.680 million over the same period. In May, these products were imported for $86.712 million.

As reported earlier, in 2024, Ukraine’s steelmaking companies increased revenues from ferrous metal exports by 16.9% year-on-year to $3 billion 96.343 million. At the same time, Ukraine increased imports of similar products by 13.1% last year to $1 billion 478.814 million.

In 2023, Ukraine reduced revenues from exports of ferrous metals by 41.6% compared to 2022, to $2 billion 647.72 million, with ferrous metals accounting for 7.3% of total revenues from exports of goods during this period, while in 2022 the share was 10.3%. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.05 million.

In addition, in 2023, Ukraine decreased exports of metal products by 16.6% year-on-year to $877.92 million. At the same time, imports of metal products increased by 40.3% to $902.57 million during this period.

 

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