Business news from Ukraine

Business news from Ukraine

Book on War in Ukraine Named “Book of Year” in Poland

According to the Interfax-Ukraine Culture project, the novel “Null” (“Zero”) by Polish writer Szczepan Twardoch, dedicated to the war in Ukraine, won in the “Fiction” category of the Książka Roku 2025 reader poll on the Polish platform Lubimyczytać, as reported on the platform’s website .

“The novel ‘Null’ is a story about war, memory, and what war does to a person,” note the organizers of the Książka Roku poll on the Lubimyczytać platform

The Lubimyczytać announcement notes that this year, readers cast 277,259 votes across 16 categories, and the winners were announced during a ceremony at the International Book Fair in Poznań.

In the fiction category, Twardoch’s novel beat out Valérie Perrin’s “Colette” and Jakub Malecki’s “Obiekty głębokiego nieba.” The “Null” platform describes it as a painfully contemporary story about the war in Ukraine, which was initially conceived as an essay for a German publisher but later evolved into a full-fledged novel.

As the poll organizers note, the book combines themes of war, historical memory, and the human experience of history, and raises questions about what war does to a person. This is not Twardoch’s first such recognition: last year, his novel “Korowód” won in this same category. In addition, “Null” previously also received an award as an Empik network bestseller.

The novel was published in February 2025 by Marginesy. Translations into German, Slovak, and Belarusian have since appeared, and the Ukrainian translation is being prepared by the publishing house “Fabula.”

Szczepan Twardoch is one of the most famous contemporary Polish writers, and his books have already been published in Ukrainian in Ukraine. In 2024, the writer was honored with the Stand with Ukraine Award for his support of Ukraine: following the start of Russia’s full-scale invasion, he has been involved in humanitarian and volunteer aid, and he refused permission to publish his novel *The King* in Russia until the war ends.

As reported, on March 16, the DTEK photo exhibition “Do Svitla / Into the Light” will open at the “Sens” bookstore on Khreshchatyk in Kyiv. The exhibition is dedicated to one of the harshest winters Ukraine has endured during the war, as well as to the people who helped the country survive, according to the bookstore’s press service.

https://interfax.com.ua/news/culture/1151986.html

 

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War in Iran will raise prices for many goods – analysis by Experts Club

The escalation of the war around Iran has already gone beyond a regional conflict and has become a factor in global inflation. On March 9, Brent rose above $119 per barrel intraday, its highest level since 2022, and IMF chief Kristalina Georgieva warned that a sustained 10% increase in oil prices could add about 0.4 percentage points to global inflation. The scale of the risk is also explained by logistics: in 2024, about 20 million barrels of oil per day passed through the Strait of Hormuz, which is approximately 20% of global liquid hydrocarbon consumption.

For Ukraine, the fastest channel for transmitting such a shock is the fuel market. After losing a significant part of its own refining capacity, the country relies on imports: in 2024, Ukraine imported about 1.2 million tons of gasoline, and in January-September 2025, imports of petroleum products reached 5.67 million tons. Even before the current price surge, the market remained sensitive to logistics and external conditions: The NBU noted an acceleration in the growth of prices for gasoline, diesel, and liquefied gas due to supply disruptions, and Reuters reported that in January 2026, gasoline imports grew by 70% year-on-year due to a shortage of domestic production. This makes gasoline, diesel, and autogas the most likely first group of goods to react to a protracted oil shock.

“If the conflict around Iran drags on, Ukraine will feel it almost immediately through rising fuel costs, and then through higher logistics, import, and food prices. For our economy, this is not only an external shock, but also additional inflationary pressure on the domestic market,” says Maksim Urakin, founder of the Experts Club analytical center and candidate of economic sciences.

The second vulnerable group is imported products with long logistics and a high share of transport costs. In 2025, Ukraine increased its imports of agri-food products by 13% to $9.12 billion, with the EU’s share exceeding 53.9%. The largest items in the procurement structure were fruits, berries, and nuts ($1 billion), fish and seafood ($999 million), alcoholic and non-alcoholic beverages ($870 million), cocoa products ($640 million), coffee, tea, and spices ($471 million), and vegetables ($467 million). It is these categories — from bananas and citrus fruits to coffee, chocolate, and seafood — that are most sensitive to increases in freight, fuel, refrigerated logistics, and dollar-denominated commodity prices.

“Consumers will feel the price increases most noticeably where there is a large share of imports and transportation costs. First and foremost, this concerns fuel, coffee, chocolate, fish, seafood, and fruit, and a little later, goods whose prices include more expensive fertilizers, gas, and packaging,” Urakin noted.

The third risk area is fertilizers and then Ukrainian-produced food. There has already been an increase in prices not only for oil and gas, but also for sugar, fertilizers, and soybeans following the escalation around Iran. At the same time, European gas prices jumped by 35-40% in early March, and the EU convened a coordination group on gas supplies. This is doubly sensitive for Ukraine: the NBU previously estimated the need for gas imports in 2026 at $1.1 billion after $2.9 billion in 2025, and fertilizer imports in 2025 rose to 3.285 million tons.

According to GIZ estimates, Ukraine’s dependence on nitrogen fertilizer imports has already exceeded 60%. This means that if oil and gas prices remain high for a long time, in a few months the pressure may shift to the cost of grain, greenhouse vegetables, milk, meat, and other food products.

Products linked to petrochemicals and metals deserve special mention. Oil is a basic raw material for a wide range of chemical products, and Reuters has already noted that aluminum prices have risen to a four-year high amid the current conflict. This increases the risk of price increases for plastic packaging, household chemicals, paints, certain types of cosmetics, tires, PVC materials, and some construction products. The same applies to bitumen, a direct petroleum product, whose imports to Ukraine, according to industry estimates, will remain significant in 2026.

The currency factor could be an additional amplifier. Against the backdrop of the war, investors are turning to the dollar as a safe haven asset. This is important for Ukraine because oil, gas, coffee, cocoa, fertilizers, and a significant portion of other imports are denominated in dollars, and the EU remains the country’s largest trading partner, accounting for more than 50% of trade in goods. Even without a physical deficit, this increases the risk of more expensive imports in hryvnia.

However, not all goods will react equally quickly. Basic products, where Ukraine remains a major producer — primarily wheat, corn, and sunflower oil — are less dependent on immediate imports, and the wheat and corn harvest in 2025 turned out to be better than early expectations.

Therefore, in the short term, fuel, imported fruits and seafood, coffee and chocolate, fertilizers, chemicals, and some construction materials are likely to see the sharpest price increases. But if the energy shock drags on, the rise in logistics costs will almost inevitably begin to seep into the prices of Ukrainian-made goods.

Source: https://expertsclub.eu/vijna-v-irani-pidnime-cziny-na-palyvo-ta-import-analiz-tovariv/

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Niger called for preparations for “war” with France, Paris rejected accusations

In Niger, one of the representatives of the military authorities, General Amadou Ibro, said at a rally in the capital that the country should prepare for “war” with France, accusing Paris of attempting to destabilize the situation. His speech took place in a stadium in front of a young audience, and a video of the speech was widely shared on social media.

According to Jeune Afrique and AFP reports, Ibro, who is said to be the chief of staff of Niger’s leader Abderrahmane Tiani, claimed that France allegedly intends to wage war on Niger and, in this regard, called for preparations for conflict.

The French side rejected these claims. Colonel Guillaume Vernet, a representative of the French General Staff, stated that “French intervention in Niger is not being considered” and called the accusations an element of “information warfare.”

The rhetoric came amid a sharp deterioration in relations between Niamey and Paris following the 2023 military coup and the subsequent withdrawal of French troops from the country. At the end of January 2026, Niger’s leader Tiani also publicly accused the French leadership and a number of neighboring countries of involvement in the attack near Niamey airport, without providing any evidence.

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Ukraine may increase number of foreign students to 100,000 after war

Deputy Minister of Education and Science Mykola Trofimenko expects that after the war ends, the number of foreign students in Ukraine may grow to 100,000.

“Today, our universities combine many areas of study, including those that are important for society, such as resilience. Europeans cannot understand this. And this, by the way, is one of the factors that will contribute to an increase in the number of foreigners after the war ends. Because now we have 20,000 foreigners studying here, and before the full-scale war there were about 80,000. The goal is to recover after the war ends to 100,000 foreign students,” Trofimenko said in an exclusive interview with the Interfax-Ukraine news agency.

He stressed that everything must be done to ensure that our universities maintain this network of contacts and their ability to teach foreigners.

“And after the war ends, we will see a significant recovery in the number of foreign citizens who will receive education at our Ukrainian universities,” the deputy minister added.

As reported, in 2025, 5,475 foreign students were enrolled in Ukrainian higher education institutions, which is 534 more than in 2024 (4,941).

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Zelensky: I don’t see how ending war would benefit China

Ukrainian President Volodymyr Zelensky said that “a weak Russia and a defeated Russia are not beneficial,” so he believes that China is not seeking an end to the Russian-Ukrainian war.

“Of course, China is a strong country with a strong economy, and most importantly in our case, it has influence over Russia, personally over Putin. But with all due respect to the Chinese people, their history, and their culture, we must honestly say that I don’t see how ending this war would benefit China. Why? Because, I think we have read… the new US (security) doctrine… These are two great powers, great economies, and this is a great confrontation. This does not mean that it is a war, it may be any diplomatic or economic confrontation – this is happening. And today, a weak Russia and a defeated Russia in this format is not beneficial to China.

And because of this, honestly, the Ukrainian people are suffering,“ Zelensky said, responding to a question from journalists on WhatsApp on Monday.

Zelensky added that if ”it is not beneficial for China to stop Russia, it means that the war will continue.”

“This does not mean that China directly supports Russia with weapons, but it certainly does not support stopping this war. That is final. Plus, there are various reports from our intelligence services about the supply of machine tools and other items from China to Russia, but I have not been informed of any direct supplies of weapons,” Zelensky said.

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War has caused environmental damage worth 6 trln hryvnia, according to Ministry of Economy

 

Russian aggression on the territory of Ukraine has caused unprecedented destruction of the natural environment, destruction of ecosystems, and large-scale pollution of the air, soil, and water resources. Since the start of the full-scale invasion, the amount of damage caused to the environment has reached 6.01 trillion hryvnia, according to the Ministry of Economy, Environment, and Agriculture, citing data from the State Environmental Inspection.

“These are the largest environmental losses recorded in Europe in modern history,” the Ministry of Economy emphasized.

According to the State Environmental Inspection’s estimates, the total amount of damage includes UAH 1.29 trillion in damage to soil, UAH 967 billion in damage to atmospheric air, UAH 117.8 billion in pollution and contamination of water resources, and UAH 3.63 trillion in destruction of nature reserve areas.

One of the most destructive incidents was the fires at oil depots, according to the State Environmental Inspection. For example, after a strike on an oil depot in the village of Kryachky in the Kyiv region, toxic emissions into the atmosphere reached more than 41,000 tons, and soil pollution exceeded permissible limits by 17 times. Similar incidents occurred in Chernihiv, Sumy region, Rubizhne, and Severodonetsk, where Russian missiles hit tanks containing ammonia and nitric acid, causing dangerous chemical emissions.

The destruction of hydraulic structures also has long-term consequences, the agency emphasized. The blowing up of the Kakhovka hydroelectric power plant dam in 2023 caused a large-scale ecological and hydrological collapse in southern Ukraine and the Black Sea region. Natural complexes were destroyed, hydrology was altered, and protected areas were affected. The destruction of the Oskil Reservoir dam had similar consequences, with 76% of the water volume lost and the aquatic ecosystem destroyed.

In total, 20% of Ukraine’s nature conservation areas were affected by the war, including 2.9 million hectares of the Emerald Network. Significant damage was done to the Kinburn Spit, Oleshky Sands, Kakhovka Reservoir, Lower Dnipro, dozens of Ramsar sites, and other valuable ecosystems. Several national parks and reserves remain under occupation, including Askania-Nova and the Black Sea Biosphere Reserve.

The State Environmental Inspection has highlighted problems with Ukrainian soils. Explosions, fires, and chemicals are changing their structure, reducing fertility, and causing heavy metals and toxic compounds to accumulate. The soil contains elevated levels of copper, lead, nickel, combustion products, sulfur and nitrogen compounds. This affects the quality of agricultural products, human health, and ecosystem restoration.

Ukraine is not the only country experiencing the environmental consequences of the war. There has been a documented cross-border impact: as a result of Russian strikes, approximately 3 million tons of harmful substances have been released into the atmosphere and spread across neighboring European countries. Large-scale fires—on oil products, critical infrastructure, and forests—have caused millions of additional tons of toxic emissions.

“At the end of 2024, the environmental damage from the full-scale war amounted to 2.78 trillion hryvnia, and today it already exceeds 6 trillion. Unfortunately, this figure continues to grow every day, as does the scale of destruction of Ukrainian nature. The environmental damage caused by Russia is measured not only in trillions of hryvnias — decades are needed to restore the destroyed ecosystems. And the scale of environmental destruction will go far beyond Ukraine,” said Deputy Minister of Economy, Environment, and Agriculture Ihor Zubovych.

The Ministry of Economy, Environment, and Agriculture stated that UAH 6.01 trillion is only the confirmed losses in territories controlled by Ukraine. The final scale of environmental damage will be known after complete de-occupation and the possibility of conducting a full investigation.

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