News

Meta was fined $567 million due to the safety of children on social networks
The company Meta Platforms must pay $567 million to a special fund for mental health of young people and change the principles of operation of Facebook and Instagram for minors. A New Mexico court found the platforms a public threat because of their impact on children and insufficient protections against sexual exploitation.

Ballistic strikes cause hundreds of millions of hryvnias in damage to Kyiv: the KMDA spoke about the costs of restoration
Each ballistic shelling of the capital causes damage to the city of approximately **300-500 million UAH**\. Due to significant costs for the restoration of damaged buildings and infrastructure, Kyiv is forced to redistribute budget funds, in particular those that could be directed to other needs.

What changes are proposed? One of the draft laws provides for strengthening the norms regarding the use of the state language. In particular, it is planned to: expand the list of officials who are obliged to use the Ukrainian language during the performance of official duties; to simplify the procedure of checks and consideration of complaints regarding violations of language legislation; strengthen the protection of the Ukrainian language in the field of education, culture, activities of local self-government bodies and during election processes. The parliament notes that international partners will be informed in advance about the proposed changes in order to avoid speculations about a possible violation of the rights of national minorities. Fines for Russian music can increase thousands of times. The Committee also supported the draft law, which introduces a real mechanism of responsibility for the reproduction of Russian music in public institutions and the service sector. It is proposed to establish the following fines: UAH 8.5 thousand — for the first violation; up to UAH 170,000 for repeated violations. Currently, the legislation also contains a ban on the public reproduction of Russian music in certain cases, but the current administrative fines are only from 17 to 170 hryvnias, which, according to the authors of the draft law, does not have a deterrent effect. How the punishment procedure will change The document also provides for a change in the prosecution mechanism. If the law is passed, the Commissioner for the Protection of the State Language will be able to impose a fine directly during the inspection, without a prior order or requirement to eliminate the violation. This should make control more operational and effective. The committee also asks to support the book industry In addition to the language draft laws, the parliamentary committee appealed to the government with a proposal to strengthen support for the Ukrainian publishing industry. Among the initiatives: the allocation of funds for the restoration of the Book Chamber building, damaged as a result of Russian shelling; financing of equipping the book depository with the necessary equipment; development of assistance programs for Ukrainian publishing houses that suffered losses due to a full-scale war. Currently, the draft laws are only recommended by the committee for consideration. The final decision on the introduction of new fines and changes to the language legislation must be taken by the Verkhovna Rada during the voting.
The Committee of the Verkhovna Rada on humanitarian and information policy recommended that the parliament adopt draft laws that strengthen the protection of the Ukrainian language and introduce effective fines for the public reproduction of Russian music in institutions and the service sector. The initiators explain that the current ban actually does not work because of the symbolic amounts of punishment.

Massive attack on the Kyiv region: which Ukrainian companies were affected by the Russian shelling
As a result of the massive Russian attack on Kyiv and the Kyiv region on the night of August 5, logistics centers, warehouses and production facilities of a number of Ukrainian and international companies were damaged. Businesses are already assessing the scale of destruction and damage, while some facilities have temporarily suspended work.

Ukrainian investors got access to five more European ETFs: what does it change
The National Commission for Securities and Stock Market (NCSCFR) has allowed the circulation in Ukraine of five more foreign exchange-traded investment funds (ETFs), registered in Germany and Ireland. This decision expands opportunities for Ukrainian investors, who will be able to legally invest in international investment funds through licensed Ukrainian brokers. This was reported by the press service of the NCCPFR.

The demand for dairy products in Ukraine is decreasing: producers predict a new price increase
In Ukraine, the demand for dairy products is slowing down due to a decrease in the purchasing activity of the population, a decrease in the number of paying consumers and increased competition with cheaper European cheeses. Despite weaker demand, producers expect that by the end of summer and in the autumn-winter period, the price of most dairy products may increase by another 5-10%. This was reported in the Association of Milk Producers (AVM).

Ukraine's budget received 3.25 trillion hryvnias since the beginning of the year: which sources provided the largest revenues
According to the results of January-July 2026, the state budget of Ukraine received UAH 3.25 trillion in taxes, fees, international aid and other payments. Only in July, the general fund of the budget was replenished by UAH 165.8 billion. The largest part of the income was provided by taxes, international financing, the profit of the National Bank and state borrowing. This was reported by the Ministry of Finance with reference to the data of the State Treasury Service.

Russian attacks on ports can cost Ukrainian farmers up to $3 billion
Russian attacks on the port infrastructure of Great Odesa pose serious risks to the Ukrainian agricultural sector. According to the estimates of the Ministry of Agrarian Policy, due to disruption of logistics, the losses of producers may reach from $1.5 billion to $3 billion, if sea exports are significantly limited.

The economy of Ukraine returned to growth in the II quarter of 2026
In the second quarter of 2026, the economy of Ukraine again demonstrated positive dynamics. According to preliminary estimates of the State Statistics Service, real GDP increased both quarterly and annually, which indicates a gradual recovery of economic activity.

Ukraine is moving to a new electronic signature standard: what will change from September 1
From September 1, 2026, a new standard of qualified electronic signature (QES) will come into force in Ukraine. The Cabinet of Ministers decided on the final transition to the Ukrainian Kupina cryptographic algorithm, which will replace the outdated Soviet GOST standard. The new algorithm should strengthen the protection of electronic signatures against modern cyber threats and ensure the technological independence of the state.

Losses in the billions: Wildberries moves warehouses abroad after Ukraine destroys more than 20% of logistics capacity
The largest Russian marketplace Wildberries decided to move long-term storage goods to Kazakhstan, Uzbekistan and Belarus after Ukrainian drone attacks destroyed and damaged more than 20% of its logistics facilities. The company strives to minimize the risks of new losses and preserve product stocks.

The 2,000 hryvnia banknote will not lead to inflation: why the new denomination does not increase the amount of money
The introduction of a new 2,000 hryvnia banknote in Ukraine does not mean the start of a "printing press" or an automatic increase in inflation. The new denomination is designed to make cash circulation more efficient and corresponds to the changes that have already taken place in the economy in recent years.