Investment market digest for the week

Ukraine

The destruction of the Kakhovka Hydroelectric Power Plant by occupiers could result in a loss of 500 MW from renewable sources – SEAU;

The shores of the Kakhovka Reservoir will be unsuitable for all life for decades – Ministry of Environment;

Ukraine will lose several million tonnes of crop due to flooding in the south of the country – Ministry of Agrarian Policy and Food;

The European Commission extended the moratorium on grain imports from Ukraine to 5 EU countries until mid-September – media reports;

Polish farmers have blocked the movement of trucks from Ukraine heading through the Shehyni border checkpoint;

Ukraine's international reserves grew by 4% in May, reaching $37.3 billion;

The Ukrainian state budget annually loses 20 billion UAH due to the illegal tobacco market – Hetmantsev;

Over 60% of state budget expenditures in the first quarter of 2023 were directed to defence – Accounting Chamber;

The USA has extended duty-free regime for Ukrainian steel for one year;

Ukraine has reached an agreement with France on the suspension of state debt payments;

Ukraine has signed a four-year partnership agreement with the OECD;

The UK plans to create an insurance scheme against war risks for Ukraine's recovery – Bloomberg;

As of May 1, the share of non-performing loans (NPL) was 39.3% – Hetmantsev;

Since the beginning of the year, agrarians have received 21 billion UAH under the Affordable Loans 5-7-9 programme;

Ukraine will receive a $10 million grant from the World Bank for the development of the medical sector;

The USA has provided 22.5 million UAH of financial assistance to flooded households – USAID;

The National Commission for State Regulation of Energy and Public Utilities (NERC) issued its first license for energy storage;

The National Bank of Ukraine has issued licenses for financial services to payment companies FinPay and WayForPay;

Ukraine could be the first to receive a small nuclear reactor from Westinghouse;

The first electronic land auctions have been announced in Kyiv – Kyiv City State Administration;

The right to lease land for a yacht club project in Odessa Oblast, previously valued at $200 million, will be put up for auction on June 19;

Ukreximbank plans to sell partially seized assets of Ice Terminal LLC for more than 404 million UAH;

Eugene Dmitrenko, owner of businesses in the energy sector, is buying a hunting hotel in Volhynia for more than 60 million UAH;

Ukrainian IT company SoftServe is acquiring American-Italian Hoverstate;

American-Ukrainian startup Haiqu raised $4 million in a pre-seed round;

The State Bureau of Investigation (SBI) has seized 9,000 tonnes of grain in Kyiv Oblast in a tax evasion case;

The National Asset Recovery and Management Agency (ARMA) is looking for a manager for 25% of the authorized capital of the Joint Ukrainian-russian Altai enterprise;

ARMA is seeking managers for the real estate of Alfa-Bank in Kyiv;

ARMA is seeking a manager for 21% of shares of Ukrainian Energy Machines;

Metinvest reports control over the situation at its enterprises in Kryvyi Rih after the blasting of the Kakhovka Hydroelectric Station dam;

Ukrgazvydobuvannya has launched another powerful well in the east of the country.

World

The World Bank improved its forecast for global economic growth to 2.1%;

The EU has approved a subsidy programme of 8 billion euros for microchip development;

The US Treasury plans to sell $1 trillion or more in new debt obligations – Bloomberg;

The SEC has released a list of tokens worth $115 billion which it considers to be unregistered securities – Bloomberg;

Binance and its affiliated companies have transferred about $70 billion through accounts in the now defunct Silvergate Bank and Signature Bank – media;

Binance redirected $12 billion to firms controlled by CEO Changpeng Zhao – Media;

Analysts forecast Microsoft's revenue of $100 billion due to artificial intelligence;

The UK attracted a quarter of European PII into its financial projects in 2022 – Bloomberg;

WTI oil futures dropped to $71 per barrel;

Tesla is considering the possibility of building a car factory in Spain – Reuters;

Facebook co-founder Eduardo Saverin is in talks to raise $500 million for a new venture fund;

Brookfield plans to raise $15 billion for its fifth flagship real estate fund;

Ares' direct lending fund has raised $8.7 billion;

BlackRock plans to raise $7 billion for its new Global Renewable Energy Fund;

Chinese battery manufacturers are considering major investments in Vietnam – Reuters;

Analysts believe that Chinese shares are too cheap to ignore for investments – Bloomberg;

Swedish cloud start-up Evroc plans to raise €3 billion in investments to compete with Google and AWS;

Japan's Tokyo Gas plans to invest $1.4 billion over three years in renewable energy;

General Motors plans to invest $500 million in an off-road vehicle factory;

Ascend Elements signed a deal to produce battery materials that could power 750,000 electric vehicles per year – Bloomberg;

In the first quarter of this year, Moldova imported liquefied gas from the USA, France, Nigeria, Latvia for the first time;

russian billionaires are redirecting investments to the russian market due to sanctions – Bloomberg;

Western companies that remained in russia increased profits by one and a half times in 2022 – media;

Chemical company Redox intends to raise up to $280 million in an IPO in Australia;

Goldman Sachs plans to acquire Norwegian company Froy, which provides marine transport services, for 6.6 billion kroner.