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Geopolitics & Economy
>>> The Ministry of Foreign Affairs of Ukraine condemned Russia’s decision to designate occupied Mariupol and Berdyansk as official Russian ports. Diplomats said the move is an attempt to legitimize annexation.
>>> Ukrainian drone strikes against Russian refineries and logistics facilities caused fuel shortages in several Russian regions. The attacks highlighted Ukraine’s ability to disrupt Moscow’s economic and military infrastructure.
>>> The Ukrainian government announced plans to sell one of the country’s largest chemical plants. The decision is aimed at attracting foreign investors and strengthening the economy during wartime.
>>> Prime Minister Yulia Svyrydenko reported that Ukraine’s public debt reached 7.77 trillion hryvnias ($186 billion) by 31 July 2025. The figure is approaching 100% of GDP and raises concerns about long-term stability.
>>> Prime Minister Yulia Svyrydenko announced that creative entrepreneurs under the ‘Own Business’ (‘Vlasna Sprava’) program may receive grants of up to UAH 1 million, with criteria including job creation and co-financing.
>>> The government launched special conditions under the “Own Business” program for creative industries. The initiative aims to stimulate innovation and cultural entrepreneurship.
>>> The Cabinet of Ministers approved changes that will reduce tax invoice blockages by 50%. The reform is intended to ease business operations and improve economic activity.
>>> Experts warned that Ukraine is now the most heavily mined country in the world, with more than one million mines spread across its territory. The contamination creates a lasting danger for civilians and agriculture.
>>> UN mine action representative Paul Heslop emphasized that widespread mining poses long-term threats to reconstruction and food production. He said Ukraine faces one of the largest demining challenges globally.