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The country used to produce its own oil. [2] Strategic reserves of oil and products were set up after 2023 to help with energy security. [3] Products from Lukoil have been banned from transiting the country, [4] except to Hungary. [5] This goes through the Druzhba pipeline. [6] Excise duty on diesel and gasoline was increased in 2024. [7]
On 24 June 2010, Ukraine's Foreign Minister Kostyantyn Hryshchenko signed a free trade agreement with the European Free Trade Association (EFTA). [205] According to the Global Competitiveness Report of 2012–2013, "the country's most important challenge is the needed overhaul of its institutional framework, which cannot be relied on because it ...
Ukraine is the world's eighth largest producer and third largest exporter of iron and steel (2007). [1] Ukrainian iron and steel industry accounts for around 2% of worldwide crude steel output, [2] 5% to 6% of the national gross domestic product and 34% of Ukrainian export revenue (2007 data). [3]
Ukraine has been estimated to possess natural gas reserves of over 670 billion cubic meters (in 2022), [15] and gas is an important part of energy in Ukraine. In 2021, Ukraine produced 19.8 billion cubic meters (bcm or Gm 3) of natural gas. To satisfy domestic demand of 27.3 bcm that year, Ukraine relied on gas imports (2.6 bcm) and withdrawal ...
Ukraine was one of the world's top grain exporters before Russia's 2022 invasion reduced its ability to ship agricultural produce to global markets. Ukrainian farmers have relied on grain exports ...
Now more than 100 days, Russia’s invasion of Ukraine both highlights and threatens what for the first part of the century was a largely unquestioned path towards industrial, economic and supply ...
Ukraine's economy nosedived after the Russian invasion in early 2022 and, while it has been unexpectedly resilient since last year, the initial shock forced Kyiv to request a two-year debt payment ...
None of Ukraine's power plants have desulfurization equipment other than a small trial plant on unit 2 of Trypilska thermal power plant. [23] In June 2020, the Government of Ukraine prioritized the usage of coal at Ukrainian power stations to reduce the import of natural gas used at the power stations for electricity production. [24] [25]