A program has been developed in Kyiv for reserve energy supply and protection of the most important second-level facilities (requiring reinforced concrete protection). A total of UAH 3.7 billion has been allocated for such shelters, of which UAH 2.7 billion has already been allocated to the Agency for Restoration under the Ministry of Infrastructure, which is responsible for the work, Kyiv Mayor Vitali Klitschko said on Monday.
“After completing the construction of first-level protection, which was approved by a commission with the participation of the State Special Communications Service, we developed a program for backup power supply and protection of the most important second-level facilities. (These are the facilities over which reinforced concrete shelters are being built. I would like to note that the Agency for Restoration under the Ministry of Infrastructure was responsible for the construction of concrete shelters). The capital has allocated a total of UAH 3.7 billion for such shelters and has already spent UAH 2.7 billion of this amount. In other words, the financial resources are secured, but the city had to implement the program on its own. And Kyiv is doing it,” he wrote on Telegram before the meeting of the Kyiv Defense Council.
The mayor emphasized that all measures were carried out in accordance with the requirements of the General Staff of the Armed Forces of Ukraine.
Klitschko stressed the inadmissibility of bringing issues of the security of Ukraine’s energy system into the public domain.
“It was the City Defense Council that approved and adopted decisions on protective measures. After all, its representatives have the relevant competence, experience, and professional approach (the Council, I remind you, includes representatives of the Armed Forces, the State Emergency Service, the Security Service, the Ministry of Internal Affairs, the Prosecutor’s Office, and other structures),” the mayor of Kyiv noted. “In my opinion, in wartime, this approach is justified and effective: the military and security forces must set clear guidelines for security. Any other format, where the issue of the security of Ukraine’s energy system is brought into the public domain and the opinions of amateurs are disseminated as expert opinions, causes significant damage to the issue of defense. In particular, to the image of the air defense forces,” Klitschko said.
The Cabinet of Ministers has approved the purchase by the National Agency for Finding, Tracing and Managing Assets (ARMA) of domestic government bonds “Military Bonds” worth UAH 1 billion, $32 million, and EUR 4 million.
The relevant order No. 1124-r of October 10 was published on the Government portal on Monday.
The purchase will be made using funds deposited in the agency’s accounts in national and foreign currency. As noted in the document, these are assets obtained as a result of corruption and other crimes.
According to the National Bank, the total portfolio of military bonds owned by individuals and legal entities as of October 1, 2025, amounted to UAH 169.8 billion.
The National Agency for Asset Tracing and Management (ARMA) is holding consultations on obtaining management projects for the seized 49.5% stake in Poltava Mining and Processing Plant (PGZK) of the mining company Ferrexpo plc, whose main assets are located in Ukraine.
According to ARMA, preliminary market consultations have been announced through the receipt of management program proposals or commercial offers and/or other documents, in accordance with paragraph 2 of Section II of the Methodological Recommendations on the sequence of actions of ARMA employees in the preparation and conduct of competitive selection of asset managers, approved by ARMA Order No. 223 of September 29, 2023 No. 223 (as amended by Order No. 54 of February 14, 2025), within the framework of the competitive selection of asset managers.
It is specified that the seized asset is 49.5% of the authorized capital of Poltava Mining and Processing Plant PJSC in the form of 153.450 million ordinary registered shares. The basis for the transfer of the asset to ARMA is the ruling of the investigating judge of the Pechersky District Court of Kyiv dated February 28, 2025, in case No. 757/9095/25-k.
Potential managers may be: a legal entity or an individual entrepreneur registered in accordance with the procedure established by law as business entities (Article 1033 of the Civil Code of Ukraine).
Information on the expected results of asset management may be submitted in any form by 3:00 p.m. on October 24, 2025.
As reported, the Pechersky District Court of Kyiv granted the request of the Prosecutor General’s Office of Ukraine to transfer 49.5% of the shares of one of the main assets of the companies, Poltava Mining and Processing Plant, to ARMA.
The DBR statement noted that the transfer of corporate rights of PGZ is related to ongoing court cases in Ukraine regarding the alleged embezzlement of funds from the Finance and Credit Bank, which previously belonged to Kostyantyn Zhevago and was declared insolvent in 2015.
In turn, Ferrexpo plc considers the transfer of 49.5% of Poltava Mining’s corporate rights to ARMA a violation of international treaties, in particular, international investment agreements between Ukraine and the United Kingdom and Ukraine and Switzerland. The company said it would initiate international arbitration against Ukraine.
Ferrexpo is an iron ore company with assets in Ukraine. Ferrexpo owns 100% of the shares of Poltava Mining, 100% of Yeristovsky Mining, and 99.9% of Bilanovsky Mining.
Chernivtsi Solar LLC, part of the Kernel group of companies, plans to build the largest solar power plant in western Ukraine with a declared capacity of 250 MW in the Kitsman territorial community in Chernivtsi region, according to a report by Molodyi Bukovynets on Monday, citing acting mayor of Kitsman Ivan Semenyuk.
“This is one of the largest strategic initiatives and projects in the community in its entire history (…) All stages of preparation have now been completed, from land issues to agreements with investors,” Semenyuk said.
The SES will be located on an area of 212 hectares, with the first works starting in the spring of 2026.
“At the first stage of the SES construction, the community budget will receive UAH 8.6 million per year. Then the amount will increase to UAH 12 million per year. The lease agreement is concluded for 25 years. In total, the volume of investments will amount to UAH 5 billion,” said the acting head.
According to him, the investor company is currently completing the design stage of the SES and will carry out installation work for the implementation of the first phase in the spring of 2026.
Before the war, the Kernel agricultural holding company ranked first in the world in the production of sunflower oil (about 7% of global production) and its export (about 12%). It is one of the largest producers and sellers of bottled oil in Ukraine. In addition, it is engaged in the cultivation and sale of agricultural products.
In the first nine months of 2025, Kernel increased its net profit by 7% to $218 million, its revenue for the period grew by 19% to $3 billion 92 million, and EBITDA increased by 4% to $398 million.
Imports of transformers, inductors, and chokes to Ukraine in January-September 2025 increased 2.1 times compared to the same period in 2024, reaching almost $777 million, according to statistics from the State Customs Service.
According to the published data, China remains the largest supplier of these products to Ukraine. During this period, $649.5 million worth of these products were imported from China (83.6% of all imports of these goods), while a year ago, $239.5 million worth of transformers and chokes were imported from this country (64.1%).
In addition, transformers were imported from Germany ($40.4 million) and Turkey ($17.9 million), while in January-September 2024, imports from Turkey amounted to $46.1 million, and from Germany – $9.9 million.
In particular, in September, supplies of this equipment to Ukraine increased by 42.6% compared to September 2024, to $95.9 million.
Since the beginning of this year, as reported, the volume of transformer imports has significantly exceeded last year’s figures—in particular, in January, their imports increased sixfold, but the growth rate gradually slowed down and, at the end of the first half of the year, was already 2.6 times higher than in January-June 2024.
According to the State Customs Service, Ukraine exported transformers, inductors, and chokes worth $23.8 million in the first nine months of this year, compared to $24.8 million in the same period last year, mainly to Germany, Hungary, and Poland.
As reported with reference to the State Customs Service, imports of transformers, inductors, and chokes to Ukraine in 2024 more than doubled compared to 2023, reaching $596.11 million, with imports from China increasing 2.5 times to $400.48 million.
