Ministry of Finance
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Zelensky says US has resumed sharing intelligence with Ukraine after a three-day pause
In an interview broadcast on NBC's "Meet the Press" on Sunday, October 18, Ukrainian President Volodymyr Zelensky said the United States has resumed sharing intelligence with Ukraine after it was blocked for "a certain period of time." According to Zelensky's office, the pause lasted three days and coincided with Russian ballistic missile strikes on Ukrainian energy infrastructure on October 12 and the night of October 14. Zelensky also said he hopes negotiations with Washington can take place during the same week, and warned that US alignment with Russia would be "a historic mistake and a great tragedy."
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Trump suspends Russia sanctions under "Graham Law" days before they were to take effect
President Donald Trump on October 16, 2026 signed an executive order suspending the application of sanctions, restrictions, and tariffs against Russia that had been due to take effect on October 18 under the Lindsey O. Graham Sanctioning Russia and Iran Act. Using a waiver provision in the law, Trump certified to Congress that the suspension serves the national interests of the United States. The order keeps the new measures formally on the books but does not apply them for now, while previously imposed US sanctions against Russia remain in force. Critics including the law's co-author Senator Richard Blumenthal and Ukrainian President Volodymyr Zelensky condemned the move; Russia's Kirill Dmitriev welcomed it as a "truly historic moment."
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U.S. extends Lukoil sanctions exemptions for foreign gas stations until April 2027
The U.S. Department of the Treasury extended general licenses allowing certain activities with sanctioned Russian oil company Lukoil until April 24, 2027. The licenses permit Lukoil-branded gas stations outside Russia and named Bulgarian Lukoil entities to continue operating while the underlying sanctions remain in force. The decision came about a week after President Donald Trump announced a deal for Russian diesel supplies to U.S. and global markets, drawing bipartisan U.S. criticism and sharp pushback from EU foreign ministers.
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Trump says Zelensky is 'not the person' the US should be dealing with, calls Ukrainian refinery strikes 'a disgrace'
In a Newsmax interview published on October 15, US President Donald Trump publicly broke with Volodymyr Zelensky, saying he is "not a big fan" of the Ukrainian president and that Zelensky "is not the person we should be dealing with." Trump said it is harder to negotiate with Zelensky than with Vladimir Putin, demanded Ukraine halt strikes on Russian oil refineries, called such strikes "a disgrace," and repeated his call for Ukrainian elections. Zelensky responded in Brussels the following day, saying he finds it easier to deal with Trump than with Putin and that Ukraine is ready to hold elections if Russia accepts a 60-day ceasefire.
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Zelensky says Ukraine will resume strikes on Russian oil refineries after US-requested pause
President Volodymyr Zelensky said in an interview with the Financial Times that Ukraine is lifting its moratorium on strikes against Russian oil refineries. He said Ukraine had paused strikes on Russian energy infrastructure for three days at the request of the United States, but that during the pause Russia continued attacking Ukrainian energy, the United States did not provide advance warning of Russian ballistic strikes on Kyiv, and SpaceX restricted Starshield terminals to a 160 km/h speed threshold. Zelensky said he could agree to stop again only in exchange for additional Patriot interceptors.
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Trump administration weighs easing sanctions on Russian 'shadow fleet' tankers to cut freight rates
The Trump administration is considering easing US sanctions on vessels of the so-called Russian "shadow fleet" so they can carry non-sanctioned oil and petroleum products, aiming to lower record-high global tanker freight rates and boost Persian Gulf exports. US Energy Secretary Chris Wright raised the issue in a video address to the World Petroleum Congress in Riyadh this week. The move comes days after Trump temporarily lifted sanctions on Russian diesel, a step that drew sharp criticism from Ukrainian President Volodymyr Zelensky, European countries, and some Republican senators.
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Ukraine's parliament adopts new property valuation law, unblocking $4.2 billion EU tranche
The Verkhovna Rada has adopted a comprehensive law that fully replaces Ukraine's 2001 property valuation framework, aligning it with European and international standards. The reform is one of four decisions required to release a $4.2 billion second tranche of EU macrofinancial assistance under the Ukraine Support Loan program and is linked to Ukraine's IMF Extended Fund Facility obligations.
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Trump announces "energy ceasefire" with Russia; Kremlin declines to confirm, Ukraine says it wasn't told
On 11 October, US President Donald Trump announced on Truth Social that an "energy ceasefire" between Russia and Ukraine was taking effect immediately, claiming both sides had agreed. The White House later told Axios that the proposal referred specifically to mutual cessation of strikes on oil refineries, described as "refinery for refinery." The Kremlin declined to confirm any deal, and within hours Russian forces struck energy infrastructure in Ukraine, including the TEC-5 thermal power plant in Kharkiv. Speaking by video link at the Warsaw Security Forum on 12 October, President Volodymyr Zelensky said the announcement was news to him, that Ukraine has only one oil refinery while Russia has an extensive network, and that if Russia does not agree to an energy ceasefire this winter, Ukraine will respond.
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Ukraine's finance minister tells Rada country is in liquidity crisis, blames $29.5bn shortfall in partner aid
Finance Minister Serhiy Marchenko told the Verkhovna Rada on 12 October that Ukraine's state budget has fallen roughly 50 billion hryvnia short of planned revenues over nine months of 2026, with 39 billion hryvnia in payments deferred to year's end and capital expenditures blocked. He attributed the squeeze to a $29.5 billion shortfall in expected partner support tied to delayed reforms under IMF, EU and World Bank programs. Marchenko said military pay and social programs remain fully funded, but the Rada must now pass dozens of reform-related bills to unlock the rest.
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Trump announces Russian diesel deal with Putin, urges Ukraine to choose a new president
On October 9, 2026, US President Donald Trump held a phone call with Russian President Vladimir Putin and announced an agreement to allow between 300,000 and 3 million tons of Russian diesel fuel onto US and global markets. Trump then publicly attacked Ukrainian President Volodymyr Zelenskyy, accusing him of being able to end the war but choosing not to, and saying it was time for Ukraine to choose a new president. Zelenskyy called the decision weak and a gift to Russia that would fund the war, while bipartisan US lawmakers and European leaders condemned the agreement.
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Estonia to push EU for more aid to Ukraine to strike Russian oil refineries
Estonian Prime Minister Kristen Michal said he will propose at the next European Council meeting that Estonia and partners rapidly increase aid to Ukraine so it can destroy Russian oil refineries. The call follows an October 9 US-Russia deal on 4.8 million tonnes of Russian diesel and a US Treasury license for diesel trade with Russia valid until April 2027.
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Zelensky offers to halt strikes on Russian oil refineries if Russia stops hitting Ukrainian energy
On 11 October, President Volodymyr Zelensky said Ukraine is ready to stop strikes on Russian oil refineries and other energy infrastructure if Russia reciprocally halts strikes on Ukrainian energy. The offer came the same day U.S. President Donald Trump announced that Ukraine and Russia had agreed to an immediate 'energy ceasefire.' Zelensky said the U.S. announcement was news to him and that the Armed Forces of Ukraine had received the relevant orders. The same day, Russia struck the TEC-5 thermal power plant in Kharkiv, continuing a week in which Zelensky said Russian forces launched roughly 1,450 aerial bombs, 75 missiles and more than 1,640 strike drones at Ukraine.
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Miami talks on Ukraine end after one day as Trump announces Russian diesel deal with Putin
On 9 October, US, Ukrainian, European and NATO representatives met in Miami to discuss ways to end Russia's war before winter, but the planned two-day meeting ended after a single day. The Ukrainian delegation cut short its visit and headed home after President Trump announced a phone-call deal with Vladimir Putin to supply Russian diesel fuel to US and world markets, prompting sharp criticism from Kyiv.
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Trump announces Russia diesel deal after Putin call; Ukraine and European leaders condemn move
On 9 October 2026, US President Donald Trump announced he had spoken by phone with Russian President Vladimir Putin and agreed to lift US sanctions on Russian diesel, allowing large-scale exports to American and global markets. The US Treasury's Office of Foreign Assets Control issued General License No. 135 authorising the imports until 7 April 2027. Ukrainian President Volodymyr Zelensky sharply criticised the decision, calling it a "weak" and "unfair and dishonest" birthday gift to Putin that gives Russia additional billions for the war, while EU foreign policy chief Kaja Kallas, the UK, Germany, France, Finland, Sweden, Estonia, and US Democrats all condemned or distanced themselves from the deal. Talks between Ukrainian, US and European delegations in Miami ended early after the announcement, and a senior Ukrainian official told the Financial Times that long-range drone strikes on Russian refineries would continue.
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Russian glide bombs strike Zaporizhzhia residential building; at least 20 killed, including children
On the morning of 10 October, Russian forces struck the Ukrainian city of Zaporizhzhia with five KAB guided aerial bombs, hitting residential buildings. Casualty figures evolved over the day as rescue operations continued: by Sunday, Ukrainian officials reported at least 20 people killed, including three children, with 18 to 32 injured. President Volodymyr Zelensky linked the attack to a recent US-Russia deal on Russian diesel exports, calling it Moscow's "thank-you" for the lifting of sanctions. Zaporizhzhia declared 11 October a day of mourning.
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Sikorski: Polish embassy reports fuel shortage in Moscow after Trump–Putin diesel deal
Polish Foreign Minister Radosław Sikorski said on October 10 that the Polish Embassy in Russia is observing a fuel deficit even in Moscow, a city normally prioritized for supply. His post came a day after US President Trump announced an agreement with Russian President Putin for large Russian diesel supplies to world markets, and questioned how Russia could deliver export surpluses given Ukrainian strikes on Russian oil refining capacity.
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Trump tells Ukraine to elect a new president, a day after announcing US-Russia diesel deal
On October 10, US President Donald Trump said Ukraine needs a new president who can make a deal to end the war with Russia, accusing Volodymyr Zelensky of choosing not to end the conflict despite repeated opportunities. The remarks came a day after Trump announced a deal struck during a phone call with Vladimir Putin under which Russia will supply large volumes of diesel fuel to US and world markets, with the US issuing a Treasury license suspending the relevant sanctions until April 7, 2027. Zelensky condemned the diesel deal as weakness and a "gift to Putin for his birthday," and said the Ukrainian negotiating team meeting in Miami had been used as a "screen." Ukrainian Foreign Minister Andriy Sybiha said Zelensky has the support of the Ukrainian people and that only Ukrainians can decide who leads them.
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US and Russia discussed American investor for Nord Stream, but White House denies talks and Germany pushes back
Reuters reported that US presidential envoy Jared Kushner and Kremlin-linked adviser Kirill Dmitriev have discussed attracting an American investor to restore the Nord Stream gas pipelines, meeting in Moscow and New York in recent weeks. The White House said any Russia deals must go through US development finance and Treasury bodies and that there have been no recent Nord Stream-specific talks. Germany said the pipelines are under European sanctions and that Berlin has no wish to approve their resumption.
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EU and Ukraine say 2026 budget and defence needs can be covered; Commission denies any financing gap
On 1 October 2026 the European Commission and Ukraine issued a joint statement saying they had identified the means to cover Ukraine's 2026 budget and defence needs and outlining the steps needed for timely disbursement. The next day Commission chief spokesperson Paula Pinho said the EU and Ukraine had jointly concluded there is no external financing gap for 2026, and the Commission disbursed a €2.9 billion tranche under the Ukraine Facility. The Financial Times reported that EU Commissioners formally declined Ukraine's request to front-load part of the 2027 loan, linking further payments to reforms.
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Trump blames Ukraine's strikes on Russian oil refineries for US diesel crisis, floats export ban
On September 30, US President Donald Trump told reporters at the White House that Ukrainian strikes on Russian oil refineries — not the situation in the Middle East — are the main cause of rising US diesel prices. He repeated an earlier call on President Volodymyr Zelensky to halt the strikes and said he is considering a ban on US diesel exports after consulting Energy Secretary Chris Wright. Analysts and other Trump administration officials have pointed to the US war against Iran and shrinking global fuel stocks as additional or competing causes of the deficit.