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Ukraine News Updates - June 19, 2025

Whether it's updates on reconstruction efforts, trade and economic news, shifts in the legal and regulatory landscape, or insights into innovative tech companies, "This Week in Ukraine" keeps you informed on critical developments in Ukraine.


 

Newsletter Highlights:

 

Ukraine Passes Multiple Citizenship Law

Ukraine's parliament passed a multiple citizenship law, allowing Ukrainians to hold foreign passports without losing their Ukrainian citizenship. The law aims to address the demographic crisis caused by war. The cabinet will list approved countries.

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Ukraine Submits Quarter NATO Hackathon Proposals

NATO-Ukraine JATEC hackathon received 162 proposals for countering fiber-optic FPV drones, with 42 submissions from Ukrainian developers representing a quarter of all applications.

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Spotify Founder Invests €600M in Defense Startup

Spotify founder Daniel Ek's Prima Materia led a €600 million funding round for German defense startup Helsing, which is valued at €12 billion. Helsing supplies thousands of AI-powered strike drones to Ukraine has contracts with European governments and has evolved from software to manufacturing autonomous weapons systems.

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Ukraine Adopts Eco-Industrial Parks Standard

Ukraine adopted a national standard for eco-industrial parks, establishing sustainability criteria and a gold-silver-bronze rating system. Standard effective September 2025, developed with UNIDO support. Eco-industrial parks allow enterprises to exchange resources, energy, and waste, supporting Ukraine's economic transformation plan.

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EU Financial Reporting Project Completes

EU-FAAR project (2020-2025) completed the implementation of the XBRL electronic financial reporting format in Ukraine. The project increased transparency by integrating Ukrainian companies' reports into the international XBRL database. National Bank of Ukraine participated in establishing a unified reporting system following EU standards and global practices.

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South Korea Says North Korea Violates UN Sanctions

South Korea's Foreign Ministry stated North Korea's decision to send additional troops to Russia violates UN sanctions and threatens international security. Media reports indicate North Korea plans to send 6,000 military engineers to Russia's Kursk region, including 5,000 builders and 1,000 sappers.

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