**Ukraine Business Roundup: Dark Days Ahead?**
The Ukraine Business Roundup is a weekly newsletter that brings you the biggest news in business and tech from Ukraine. This week’s edition takes a somber tone as we discuss the recent developments in US-Ukraine relations.
**US Halts Military Aid to Ukraine**
In a shocking turn of events, the US has halted military aid to Ukraine, citing President Volodymyr Zelensky‘s failure to be “grateful enough” for the support. The decision will impact over $1 billion in weapons and ammunition, leaving Ukraine vulnerable to Russian aerial attacks.
**Impact on Ukraine**
The consequences of this move are far-reaching and devastating. Without US-provided air defense missiles, Ukrainian cities may not be able to protect themselves from Russian attacks, leading to more civilian deaths and damage to infrastructure. This, in turn, could lead to a mass exodus of people and businesses, further crippling the economy.
**Other News**
In other news, the European Bank for Reconstruction and Development (EBRD) has lowered its 2025 growth forecast for Ukraine’s economy due to inflation and war impact. Revolut, a London-based bank, has been accused of operating in Ukraine without a license, which they deny. DTEK, Ukraine’s largest private energy company, is in talks with suppliers for a two-year liquefied natural gas import contract.
**Agriculture Industry Hit Hard**
Ukraine’s agriculture industry has lost an estimated $80 billion due to the Russian invasion, according to Agriculture Minister Vitalii Koval. This figure includes direct and indirect damage caused by disrupted logistics, increased fertilizer and fuel costs, and expenses for land reclamation and demining.
**Staying the Course in M&A Deals**
Despite the war, M&A deals in 2024 showed relative stability, with a total volume of 49 deals equal to that of 2023. The disclosed total deal value was around $1.1 billion, with Ukrainian capital staying in the country due to wartime currency restrictions and government-led infrastructure recovery initiatives.
**What’s Next?**
As Ukraine faces these dark days ahead, it is essential for businesses and investors to stay informed about the latest developments. We will continue to bring you updates on the situation and provide insights into how the business community can navigate this challenging time.