#Economy Crisis

Metinvest CEO Yuriy Ryzhenkov stated that the EU's reduction of steel import quotas by over 50% threatens the survival of Ukraine's metallurgy amid the war.

Ukrainian metallurgy is going through a deep crisis: after the strikes, Zaporizhstal, Kametstal and ArcelorMittal Kryvyi Rih have been shut down, steel production fell by 57.3% in August, and new EU quotas could cut exports by 60%. The industry, which accounts for 40% of the railway's and the ports' workload, has found itself "on the brink of survival".

🚨 In August 2026, the shutdown of the Chervonohrad Enrichment Plant paralyzed the coal industry of the Lviv-Volyn basin. Due to an 8-month downtime, mines cannot sell coal and depend on the state budget. Deputies warn of risks to energy security and winter fuel reserves. #Ukraine #Energy #Coal

🚨 Ukraine's grain exports in 2026 could plummet by 54%. Russian attacks on Odesa ports and drought on the Danube are blocking the export of the harvest. Storage facilities are overflowing, and budget losses will amount to billions of dollars. Ukraine is asking the EU for help and looking for new routes through Romania.

🇬🇧 Explosive rise in fuel theft in the UK: drivers steal £194k daily. 📉 After the war with Iran began, the number of incidents rose by 20%, and the cost of stolen fuel by 48%. Gas station owners are losing tens of thousands of pounds, and surveillance cameras no longer deter offenders. In Ukraine, the AMCU is investigating collusion among gas station chains amidst rising prices. ⛽️ Experts predict a rise in gas prices in August.