Business news from Ukraine

Business news from Ukraine

The 77th anniversary of the Independence of the State of Israel was celebrated in Kyiv

Celebrations were held in the capital of Ukraine on the occasion of the 77th anniversary of the declaration of independence of the State of Israel. The event brought together representatives of the diplomatic corps, Ukrainian authorities, the Jewish community, public organizations, artists and friends of Israel from different regions of Ukraine.

Ambassador Extraordinary and Plenipotentiary of the State of Israel to Ukraine Michael Brodsky delivered a welcoming speech.

“Thank you for joining us today to celebrate the 77th anniversary of Israel’s independence,” the Ambassador addressed the guests.

He emphasized the deep historical and mental connection between the Ukrainian and Israeli peoples:

“There are few countries in the world that understand each other better than Israel and Ukraine. On February 24, 2022, from the first day of Russian aggression, the people of Israel supported Ukraine. On October 7, when the horrific terrorist attack on Israel took place, the people of Ukraine unequivocally supported our country. We feel this support and highly appreciate it,” the diplomat emphasized.

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The ambassador devoted a special place in his speech to the topic of freedom and the price paid by the peoples of both countries for their independence.

“Our peoples are acutely aware of the high price we have to pay for our independence. We pay for it with the blood of our children and our loved ones. Israelis and Ukrainians live in hope for a speedy end to the war and peaceful life,” Brodsky said.

The ambassador expressed confidence in a common future:

“I am confident that in spite of everything, we will cope with our problems. That despite wars and terror, our countries will remain free and independent,” he said.

The diplomat also mentioned the historical figure of Golda Meir, the fourth Prime Minister of Israel, who was born in Kyiv:

“Recently, we have often recalled Golda Meir. Many of her quotes sound very modern today. I would like to remind you of one of her statements: “Pessimism is a luxury that Jews can never afford.” This fully applies to Ukrainians as well,” Michael Brodsky emphasized.

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Israel’s Independence Day (Yom HaAtzmaut) is celebrated according to the Jewish calendar on the 5th of Iyar (May 13, 2025). It was on this day in 1948 that David Ben-Gurion proclaimed the establishment of the independent State of Israel in Tel Aviv after the end of the British Mandate in Palestine. The very next day, the newly created state was attacked by neighboring Arab countries, which marked the beginning of the War of Independence. Since then, Israel has annually celebrated this date as a symbol of victory, survival, and national revival of the Jewish people.

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Concert entitled “Tango Freedom” was held in Kyiv to mark 215th anniversary of May Revolution in Argentina

On Tuesday, the Kyiv Academic Puppet Theater hosted a gala concert dedicated to the legendary Argentine composer Astor Piazzolla, entitled “Tango Freedom.” The event was timed to coincide with the 215th anniversary of the May Revolution in the Argentine Republic, an event that marked the beginning of the struggle for Argentina’s independence in 1810.

The celebration was organized by the Embassy of Argentina in Ukraine with the participation of representatives of the Ukrainian authorities, the diplomatic corps, artists, and the cultural community. The guests of honor at the event were First Deputy Minister of Foreign Affairs of Ukraine Serhiy Kyslytsya, Deputy Head of the Office of the President Ihor Zhovkva, as well as deputies, ministerial officials, and ambassadors of foreign states.

“Dear compatriots, welcome to the celebration of the 215th anniversary of the May Revolution of 1810, which marked the beginning of the path to our independence. Today, we honor that same spirit of freedom here in Ukraine, in a country that is defending its sovereignty, its territorial integrity, and its right to choose its own path with impressive courage and dignity,” said the Ambassador Extraordinary and Plenipotentiary of the Argentine Republic to Ukraine, Ms. Elena Leticia Mikusinski, addressing the guests.

The ambassador also quoted a statement by the Argentine Minister of Foreign Affairs:

“Since the beginning of the Russian invasion, we have always stood by Ukraine. We have supported its legitimate right to defend its territory and sovereignty. We will continue to support Ukraine,” the statement said.

In his speech, Serhiy Kyslytsya drew historical parallels between the revolutionary movement in Argentina in the early 19th century and Ukraine’s current struggle for freedom.

“215 years ago, a powerful impulse was born in Buenos Aires – the May Revolution. In 1810, Argentinians chose freedom, dignity, and independence. Today, Ukraine is fighting for these very principles. That is why the slogan of this event is so close to our hearts: Tango de la libertad,” he emphasized.

The diplomat also recalled that Argentina was the first country in Latin America to recognize Ukraine’s independence in 1991, and even earlier, in 1921, recognized the Ukrainian People’s Republic.

“Today, Argentina stands with Ukraine once again in condemning Russian aggression and providing humanitarian aid, in taking a clear stance for the truth and freedom of Ukraine. This is not just diplomacy. This is true friendship. Amistad valiente. Amistad verdadera,” Kyslytsya emphasized.

The cultural program included the performance of the national anthems of Ukraine and Argentina by Yana Tatara, a buffet with traditional Argentine empanadas and Malbec wine, as well as performances by tango artists Oleg Syryka, Natalia Zavadskaya, Dmitry Kuyun, and Natalia Luzan.

The highlight of the evening was the “Tango Freedom” concert dedicated to Astor Piazzolla, a composer who radically changed the world’s perception of tango by combining it with elements of jazz and classical music in the nuevo tango style.

“Tonight we will witness the unity of wonderful Ukrainian musicians who will perform the works of our beloved Astor Piazzolla. May the same music always sound in this tango of two nations — the music of freedom,” said Ms. Mikusinski.

The May Revolution (Spanish: Revolución de Mayo) took place in Buenos Aires on May 18–25, 1810. As a result, the Spanish colonial administration was removed, and the national government — the First Junta — became the first step towards Argentina’s independence, which was declared on July 9, 1816.

Astor Piazzolla (1921–1992) was an outstanding Argentine composer and bandoneon player, founder of the nuevo tango style, which combined traditional tango with elements of jazz, classical music, and avant-garde. His work is known throughout the world and is considered one of the symbols of Argentina’s cultural identity.

 

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First direct talks between Ukraine and Russia in three years have begun in Istanbul

On May 16, 2025, the first direct talks in more than three years between delegations from Ukraine and Russia began in Istanbul, aimed at finding ways to end the ongoing conflict.

The meeting is being held at the Dolmabahçe Palace, mediated by Turkey and attended by high-ranking US officials.

The Ukrainian delegation is led by Defense Minister Rustem Umerov. It also includes Deputy Foreign Minister Serhiy Kyslytsya, Deputy Head of the Security Service of Ukraine Oleksandr Polak, and other high-ranking representatives of law enforcement and diplomatic agencies.

The Russian side is represented by Presidential Aide Vladimir Medinsky. The delegation also includes Deputy Foreign Minister Mikhail Galuzin, Director of the Main Directorate of the General Staff (GUGS) Igor Kostyukov, and other officials.

Before the start of the bilateral talks, trilateral meetings were held: first between Turkey, the US, and Ukraine, and then between Turkey, Russia, and Ukraine. Turkish Foreign Minister Hakan Fidan and US Secretary of State Marco Rubio are also participating in the talks.

Reactions and expectations

Ukrainian President Volodymyr Zelensky expressed disappointment at the absence of Russian President Vladimir Putin from the talks, saying that the Russian delegation “has no authority to make decisions.” He stressed that Ukraine is committed to achieving a 30-day ceasefire, while Russia insists on broader negotiations, including issues of territorial concessions and renouncing NATO membership.

The United States and European countries support the initiative to establish a 30-day ceasefire. US President Donald Trump said that significant progress is only possible if he meets with President Putin in person.

International support

China has expressed support for direct talks between Russia and Ukraine, calling on all sides to reach a fair and lasting peace agreement.

Turkey, represented by President Recep Tayyip Erdogan, continues to play an active role in mediating between the parties to the conflict, providing a platform for talks and facilitating dialogue.

Despite low expectations, the start of negotiations in Istanbul is seen as an important step towards a possible peaceful settlement.

 

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Export of grain and oilseeds from Ukraine: logistics, prices, volume

Due to Russia’s full-scale invasion and its desire to use food as a weapon, transporting grain and oilseeds from Ukraine to other countries has become extremely difficult. Since 2022, logistics issues have had to be significantly revised in order to find safer shipping routes and options. Despite the dire circumstances created by the Russian Federation, Ukrainians are ensuring food security for many countries, particularly in Europe.

In March 2025, Kyiv exported a total of 4.7 million tons of grain and oilseeds and their processed products. This is 7% more than in the previous month.

“How does Ukraine transport grain and oilseeds, as well as products made from them? The lion’s share goes to the seaports of the Odesa region. This figure is 4 million tons. By rail – 300,000 tons, through the river ports of the Danube – 200,000 tons. It is also exported by road. The volume reaches 100,000 tons,” said grain market analyst Oleksandr Korenitsyn.

Exports of grain crops, oilseeds, and processed products, million tons

Let’s look at the prices of the main agricultural crops that Ukraine exports to world markets. In April 2025, the price of wheat (France, FOB) was 244 USD/ton. Note that this is 3 USD more than in March of this year and 29 USD more than in the same period of 2024. The price of wheat (Ukraine, 2nd class, CPT) in April 2025 was USD 211/t (central regions), which is USD 4 more than in March 2025 and USD 75 more expensive than a year ago. In ports, the price was 229 USD/t, which is 7 USD higher than in the previous month and 65 USD more expensive than in April 2024, according to the International Grains Council.

As for corn (USA, FOB), the price as of April 2025 was USD 211/t. This amount is USD 4 higher than in the previous month and USD 19 higher than in April 2024. The price of corn (Ukraine, CPT) in the central regions is 206 USD/t, thus increasing by 11 USD over the month and by 89 USD over the year; ports – 222 USD, which is 12 USD more than in March 2025 and 78 USD higher than in April 2024.

As noted by Oleksandr Korenitsyn, the price of barley (France, FOB) was 229 USD in April 2025, which is 1 USD less than in March of this year and 26 USD more than in the same period last year. The price of barley (Ukraine, CPT) was USD 195 in the central regions, which is USD 8 more than in March 2025 and USD 102 higher than in April 2024; in ports, it was USD 215 (the price rose by USD 5 per month and USD 85 over the year).

“Another important crop for Ukraine and the world that should be mentioned is sunflower. The price of its seeds in the EU (Rotterdam, FOB) in April this year was 730 USD/t. There has been an increase in price over the last month – by 7 dollars, as well as an increase over the year – by 273 dollars. Meanwhile, the cost of sunflower seeds (Ukraine, CPT) for the central regions was 537 USD/t. The price rose by 10 USD per month and 221 USD per year. For ports, the cost is $512 per ton, which is $6 more than last month and $194 more than last year,” said expert Oleksandr Korenitsyn.

We would like to add that the cost of sunflower oil (Ukraine, FOB) in April was $1,140 per ton. It should be noted that among the key factors that could destabilize further pricing on the world market and affect food security in Europe and the world are Russia’s military actions on the territory of Ukraine.

 

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Ukraine received $50 mln from World Bank for health care

Ukraine has received $50m from the World Bank under the health care project “Transforming Health Care through Reform and Investing in Efficiency” (THRIVE), the Finance Ministry has said. It noted that the condition for receiving these funds was to raise the level of the capital rate of primary health care (payment for care of one patient who filed a declaration on the choice of a doctor who provides primary health care) to a minimum of 825 UAH, and according to the government decision of December 2024, such rate for 2025 is 844.4 UAH instead of 786.65 UAH in 2024.

THRIVE is one of the projects implemented using the financial instrument “Program for Results” (PforR), which provides for the achievement of indicators, upon verification of which Ukraine will attract funds determined by the relevant agreements, said the Ministry of Finance.

The purpose of the project is to assist the government in improving the Medical Guarantee Program (MGP) to create a reliable health care system. The Loan Agreement and Financing Agreement totaling $449 million were signed on December 10, 2024, of which $249 million was provided by Japan. Last year, Ukraine has already received $220 million, which is stipulated in the Loan Agreement (100% of the disbursed funds).

 

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Ukraine and France sign medical agreements worth EUR 51 mln

Ukraine and France have signed seven agreements in the healthcare sector worth a total of EUR 51 million, including the construction of a children’s rehabilitation center in Vinnytsia and the reconstruction of a rehabilitation department in Ladyzhyn (partner – Ginger International, funding amount – EUR 15 million).

According to the Ministry of Health, the agreements also provide for the provision of portable X-ray machines to 75 medical institutions in 5 regions: Kharkiv, Sumy, Dnipro, Mykolaiv and Odesa (partner – DMS Imaging, the amount of funding is EUR 10.98 million), providing 58 hospitals throughout Ukraine with the latest technologies for rehabilitation after amputations (partner – Dessintey, the amount of funding is EUR 8 million).

Also, agreements were signed for the purchase of 700 mechanized cardiopulmonary resuscitation devices (EUR 5.92 million), development of telemedicine networks in Odesa, Chernihiv, Zaporizhzhia, Donetsk, Kharkiv and Zhytomyr regions (partner – C3Medical, amount of funding – EUR 4.35 million), creation of a network of autonomous micro-clinics based on rehabilitation facilities in Kyiv, Lviv and Poltava (partner – Schiller Medical, the amount of funding is EUR 4.1 million), as well as provision of 150 ultrasound diagnostic systems in medical institutions in all regions of Ukraine (partner – Sonoscanner, the amount of funding is EUR 2.98 million).

The Ministry of Health notes that, taking into account the agreements signed today, France has allocated a total of EUR 130 million to support the medical sector of Ukraine. The projects will be funded by the French government and implemented through French medical companies.

The grant agreement between the French and Ukrainian governments provides for the implementation of 12 more projects in the areas of infrastructure, energy, demining, and water supply worth about €149 million.

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