Business news from Ukraine

Business news from Ukraine

US has proposed abolishing dual citizenship

Republican Senator Bernie Moreno (Ohio) has announced his intention to introduce the Exclusive Citizenship Act of 2025 to Congress, which effectively abolishes dual citizenship for US citizens. The bill stipulates that Americans will not be able to hold US citizenship and the citizenship of any other country at the same time.

According to specialized media reports, the bill contains two key provisions. First, any person who applies for foreign citizenship after the law comes into force will automatically be considered to have renounced their US citizenship. Second, current dual citizens will be given a one-year transition period during which they must either renounce their foreign passport or notify the authorities in writing of their renunciation of US citizenship. Failure to do so will result in the loss of US citizenship.

Enforcement of the law will be entrusted to the State Department and the Department of Homeland Security, which will be required to create systems for registering individuals who have lost their citizenship and mechanisms for monitoring compliance with the new rules. The initiative has already sparked debate in the media, particularly because it could affect well-known public figures who hold dual citizenship.

Experts note that the bill will face challenges from both a political and legal standpoint. The US Supreme Court, in a series of decisions, including Afroyim v. Rusk (1967) and Vance v. Terrazas (1980), has clearly established that a citizen cannot be deprived of citizenship without voluntarily renouncing it, and that the mere existence of dual citizenship cannot automatically be interpreted as grounds for its loss.

Given these precedents, as well as the political situation in Congress (resistance from Democrats and likely reservations from some Republicans), the chances of the bill being passed in its current form appear slim. Most likely, the initiative will become part of the domestic political debate on immigration and citizen loyalty.

 

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Prices for RAM in Europe and US have increased significantly

Prices for RAM in Europe and the US have risen significantly, negatively affecting the electronics and computer market. In Ukraine and neighboring countries, this trend is already beginning to take effect, although there is little accurate domestic data available yet.

According to Reuters, Samsung Electronics raised its contract prices for 64 GB and 96 GB DDR5 modules by more than 30% between September and November 2025.

Analysts at Counterpoint Technology Market Research note that global prices for some DRAM chips have risen 3-11 times since the beginning of 2025.

The GameGPU portal reports that in Europe, a 64 GB DDR5 kit sells for around €550, which is significantly higher than the usual level.

TrendForce predicts that memory prices could rise another 30% in the fourth quarter of 2025 and another 20% in early 2026.

There are no accurate statistics for Ukraine at the time of publication, but retailers and dealers note that prices for 64 GB DDR5 kits have risen by tens of percent in recent months.

The increase in memory costs leads to higher prices for computers, laptops, game consoles, and servers. There is already information that manufacturers and sellers in the EU are preparing significant price adjustments for models with high memory capacities.

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Zelensky has formed delegation to participate in negotiations with US

Ukrainian President Volodymyr Zelensky has formed a delegation to participate in negotiations with the United States and other international partners of Ukraine, as well as with representatives of the Russian Federation. The delegation will be headed by the head of the President’s Office, Andriy Yermak.

Decree No. 854/2025, signed on November 22, “On the Ukrainian delegation to participate in the negotiation process with the United States of America and other international partners of Ukraine, as well as with representatives of the Russian Federation, to achieve a just and sustainable peace,” is posted on the website of the Office of the President.

The delegation consists of nine high-ranking officials, including the head of the delegation, Head of the Office of the President Andriy Yermak, Secretary of the National Security and Defense Council of Ukraine Rustem Umerov, and Head of the Main Intelligence Directorate of the Ministry of Defense of Ukraine Kirill Budanov. It also includes Chief of the General Staff of the Armed Forces of Ukraine Andriy Hnatov, Chairman of the Foreign Intelligence Service of Ukraine Oleg Ivashchenko, First Deputy Minister of Foreign Affairs of Ukraine Serhiy Kyslytsya, First Deputy Secretary of the National Security and Defense Council of Ukraine Yevhen Ostryansky, Deputy Chairman of the Security Service of Ukraine Oleksandr Poklad, and Advisor to the Head of the Office of the President of Ukraine Oleksandr Bevz.

According to the decree, Yermak, as head of the delegation, is authorized to make changes to the composition of the Ukrainian delegation in agreement with the President of Ukraine; to involve, in accordance with the established procedure, employees of state bodies, enterprises, institutions, organizations (in agreement with their heads), scientific advisers, and experts (with their consent) to ensure the work of the Ukrainian delegation.

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Germany, US, and China became top suppliers of cars in 2025

The volume of passenger car imports to Ukraine, including cargo-passenger vans and racing cars (UKT ZED code 8703), in January-October 2025 amounted to almost $4.82 billion, which is 32.6% more than in the same period of 2024 ($3.63 billion) and 10% more than in the whole of 2024.

According to statistics released by the State Customs Service of Ukraine, the growth rate of passenger car imports has thus accelerated, reaching 27.4% in the first nine months of the year compared to the same period in 2024.

In October this year, passenger cars worth $647.8 million were imported into Ukraine, which is 81% more than in October last year.

The top three suppliers of cars to Ukraine in January-October this year were Germany, the US, and China, while last year they were the US, Germany, and Japan. In particular, car deliveries from Germany increased by 52% to $841.3 million, and their share in the structure of car imports was 17.45% compared to 15.23% a year earlier.

Cars worth $839.7 million (25.4% more) were imported from the US to Ukraine, and $663 million (13.8% of passenger car imports) from China. Last year, imports from Japan, which was among the top three leaders, amounted to almost $430 million (11.8%).

Imports of passenger cars from other countries during the period amounted to $2.476 billion, compared to $1.981 billion in January-October 2024.

At the same time, in the first 10 months of this year, Ukraine exported only $7.17 million worth of such vehicles, in particular to the UAE, Canada, and the US, while a year ago, during the same period, the country supplied $9.33 million worth of such vehicles to foreign markets, mainly to Canada, Germany, and the US.

According to the State Customs Service, in the overall structure of imports of goods to Ukraine in January-October 2025, the share of passenger cars was 7.1% (6.3% last year), and in the structure of exports – 0.02% (0.03%).

As reported, in 2024, passenger cars worth $4.385 billion were imported into Ukraine, which is 8% more than a year earlier, and $10.1 million worth were exported (2.7 times less).

 

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Poland, France, and US main suppliers of trucks to Ukraine

Imports of trucks to Ukraine in January-October 2025 increased by 8% in monetary terms compared to the same period in 2024, reaching $819.5 million, according to statistics from the State Customs Service.

According to the published data, the growth rate of imports of this type of vehicle has slowed down again, reaching 11.6% in the first 10 months compared to the same period in 2024.

In October, truck imports fell by 17% compared to October 2024, to $79.2 million, which is also a quarter less than in September 2025.

The largest number of trucks in 10 months was imported from Poland – $149.6 million (1.3% less than last year), France – $133.2 million (43.3% more) and the United States – $104.2 million (30.4% more).

Imports from all other countries in January-October decreased slightly, amounting to $432.6 million.

At the same time, according to statistics, Ukraine exported only $5.6 million worth of trucks in 10 months, mainly to Turkey (62.4% of exports), Romania (32.4%), and Moldova, while a year earlier, exports were even more insignificant ($2.8 million), mainly to Moldova, Poland, and Kazakhstan.

As reported, in 2024, imports of trucks to Ukraine in monetary terms increased by 30% compared to 2023, to $947.84 million, with most of them imported from Poland (almost 20%).

 

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US, China, and Germany main suppliers of tractors to Ukraine

The volume of tractor imports to Ukraine in January-October 2025 amounted to $703.83 million, which is 6.6% more than in the same period of 2024 ($660.51 million), according to statistics from the State Customs Service.

According to the published statistics, tractors were mainly imported from the US (22% of total imports of this equipment, or $154 million), China (17.2% or $121.1 million), and Germany (16.4% or $115.6 million), while last year Germany was the leader ($101.5 million), China was second ($91.6 million), and the US was third ($86.9 million).

At the same time, imports from other countries in January-October decreased by 17.7% to $313.1 million.
In October this year, tractor imports to Ukraine increased by 9.1% compared to October 2024, to $73.8 million, which is also slightly higher than in September 2025.

Since the beginning of this year, as reported, tractor imports to Ukraine have shown negative dynamics: in January, they were one-third lower than in January 2024, but by the end of the first half of the year, the figures were almost equal to last year’s.

According to statistics from the State Customs Service,
this year, tractors worth $5.1 million were exported in January-October, mainly to Romania (25%), Belgium, and Germany, while last year during this period, exports amounted to $4.6 million, mainly to Moldova (25.6%), the Czech Republic, and Kazakhstan.

As reported, tractor imports to Ukraine in 2024 amounted to almost $784 million, 5.6% less than a year earlier, while exports amounted to $5.44 million compared to $5.74 million.

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