Kyrylo Shevchenko

1/3 In the face of unprecedented adversity in 2022, Ukraine's banking system stood resilient against the storm of a full-scale Russian invasion. Under my stewardship at @NBUkraine, we became Ukraine's financial shield. Here is what we did: 👇

📉❗🇺🇸 dollar just hit its lowest share of global reserves this century - sliding from over 65% in the early 2000s to around❗47% by some @business estimates. Central banks worldwide, led by China, Russia & key emerging players across Asia & Latin America, are steadily moving away from the dollar. They're loading up on euros, yuan, yen - and especially gold. Driven by geopolitical tensions, sanctions fears, and a push to reduce reliance on #US financial system, this slow de-dollarisation is quietly eroding America's long-held edge: the ability to finance big deficits cheaply for decades. The world is shifting toward a more multipolar currency order. #GlobalFinance Photo: @Barchart

⚡From 155% to ~70% debt-to-GDP in three years: 🇦🇷Argentina achieved this through aggressive fiscal adjustment—shifting to primary surpluses via deep spending restraint—and prudent debt management focused on rollover rather than net borrowing. Deregulation and targeted investment frameworks have aided #GDP rebound, mechanically supporting the ratio. This represents one of the more abrupt stabilizations in recent emerging-market history, though durability hinges on continued fiscal orthodoxy and growth momentum. #Donornomics

🇨🇳China’s trade defied geopolitical headwinds in the first half of 2026, posting robust growth as exports surged ❗❗27% year-on-year to $412.39 billion in June and imports jumped❗❗ 36% to $286.76 billion, both beating forecasts and delivering a record trade surplus of ❗❗$125.62 billion. For the full first half, exports rose 17.6% while imports climbed 26.6%, driven by strong global demand for AI-related products, semiconductors and batteries, alongside stable Chinese supply chains. Exports to the US gained 13.9%, to ASEAN 34.6%, and to the EU 18.5%.

⚡Russia's fuel crisis is escalating sharply. Gasoline prices rose ❗6.9% in June from the previous month, diesel increased ❗7.1%, and motor fuel gas jumped 8.1%, according to Rosstat data. Annual inflation accelerated to 6.02% as a result. Fuel shortages, supply disruptions, or sales restrictions hit 88 of Russia's 89 controlled regions by the end of June. Ukrainian strikes on refineries have slashed domestic production (down ~15-25% in key periods), forcing rationing, panic buying, queues, and limits like 20-50 liters per vehicle in many areas — even in oil-rich regions. Oil & gas budget revenues for H1 2026 fell ❗22.7% year-on-year to 3.66 trillion rubles, despite some monthly upticks from global price swings. Fossil fuel export earnings dropped 1% month-on-month in June 2026 to ~€734 million/day (volumes up 7%, but prices weighed heavily). Crude revenues alone fell 8% MoM. ❗❗❗Meanwhile, the EU ramped up purchases of Russian LNG ahead of the full 2027 ban. Imports rose in H1 2026 (up ❗❗~17% in some periods vs. 2025), with France, Belgium, and others front-loading under existing contracts. EU countries still funneled billions to Russia via LNG even as domestic fuel prices there soar. #EnergyCrisis

⚡Europe’s real security starts with economic strength — not just cheques for defence. EU is still dragging a ❗❗€300bn energy deficit, growth stuck below ❗1%, and industries hollowed out since the 2022 shock. Fixing electrification (target 60%), closing the tech & capital gap with America, and delivering real growth must come first. Military fragmentation wastes €18-57bn a year. Deterrence matters — but not at the cost of European companies and households. #EUEconomy

⚡ 🇫🇷 France is undergoing a rapid rethink on air-conditioning. Apartments reached 35°C, prompting mass urban exodus, while shops sold out of units overnight. Once dismissed as wasteful & an “American indulgence,” #AC is now being urgently installed in public buildings & schools - where only 7% are currently equipped & just 25% of homes have it. France & Belgium recorded “very high” excess mortality during the late-June #Heatwave. Europe as a whole saw over 10,000 additional deaths, mostly among the elderly. #ClimateAdaptation Photo: @Reuters

⚡Russia seized over ❗€700 million in European bank assets in 2024 — ❗€463m from UniCredit, ❗€260m from Deutsche Bank, plus tens of millions from Commerzbank & German state banks. All tied to guarantees on Linde’s collapsed Ust-Luga gas project. Linde itself was hit with a ❗~€1bn Russian court order, despite an arbitration clause. Now UniCredit & Deutsche Bank are suing Linde in Frankfurt, demanding it cover the losses.

⚡🇪🇺 EU runs a massive trade deficit with🇨🇳 China of roughly❗❗ €1 billion per day. EU ramps up de-risking from China with a new fund to help companies diversify supply chains amid rising trade tensions. The bloc's ❗€360bn goods trade deficit with China (imports €559bn vs exports ❗€200bn in 2025) equals ~€1bn/day — every EU member state now runs a deficit. Imports from China rose 6.4% YoY while exports fell 6.5%. Top imports: electrical machinery (€165bn), mechanical appliances. China dominates critical raw materials & EVs; recent rare earth restrictions have already disrupted EU auto production. The proposed fund (potentially billions via EU budget) would cushion retaliation hits, complement diversification rules & "Made in EU" requirements for strategic sectors. Deadline: progress by October or tougher measures. Europe betting big on resilience over reliance. #TradeDeficit #EUEconomy

⚡️⚡️⚡️BREAKING: Ukrainian drones struck #Gazprom Neftekhim Salavat overnight - one of 🇷🇺 largest oil & petrochemical complexes in Bashkortostan, 1,400 km from the border. Massive fire & explosions reported. The plant processes ~10M tons of crude per year. 🇺🇦 ongoing campaign of long-range strikes on #RussianOil infrastructure has already reduced 🇷🇺 gasoline & diesel production by 30-40% compared to pre-war levels. Key refineries (including Omsk, Salavat & southern plants) are partially or completely offline. As a result, Russia banned fuel exports in April & now imports gasoline & diesel to plug domestic shortages. Diesel & gasoline prices have more than doubled in many regions, causing severe fuel shortages across the country, major risks to the ongoing harvest with potential grain losses, emergency declarations in several regions, and Putin forced to admit “certain problems”.

⚡Peace delivers real economic dividends. 🇦🇿Azerbaijan unilaterally removed all transit barriers to 🇦🇲Armenia. The result: over ❗❗40,000 tons of cargo from Central Asia and other countries have already reached Armenia, alongside more than ❗❗10,000 tons of Azerbaijani oil products. In a time of global fuel shortages, Armenia now enjoys a secure and reliable energy supply. This is what normalized relations truly look like — pragmatic and mutually beneficial economic integration.

The resignation of Ukraine’s ambassador to the U.S. is linked to a case involving luxury real estate. Olha Stefanishyna will step down amid an investigation into the purchase of an apartment in Kyiv at a price significantly below market value. logos-pres.md/en/news/the-re…

📉❗European #DefenseStocks have lost over❗€58B in market value since October 2025, with #Rheinmetall down 51% & #Renk down 52%, per @handelsblatt. These companies remain highly profitable & benefit from record 🇩🇪 #DefenseBudgets & strong #NATO commitments. Rheinmetall produces tanks, artillery & ammunition, Renk specializes in transmissions, #Hensoldt in radars & sensors, while #TKMS builds submarines. However, investors are shifting away because modern warfare is increasingly driven by drones, electronic systems & rapid technological innovation rather than traditional heavy equipment. Although Rheinmetall is actively pivoting with new loitering munitions & anti-drone solutions, many fear that companies too closely tied to the old model will struggle in the long term. #MilitaryTech

Advanced economies face modest growth: 1.9% in 2025, dipping to 1.7% in 2026 before a slight rebound to 1.8% in 2027, @IMFNews has just dropped. The US remains the standout at 2.1–2.3%, while the Euro Area struggles with just 1.4% this year and a weak 0.9% next — dragged by Germany (0.2% in 2025) and Italy’s flatline 0.5%. Spain shines at 2.8%, but overall, Europe’s engine is sputtering. Numbers tell the truth: structural headwinds persist. No miracles without real reforms. #GlobalGrowth #AdvancedEconomies

🇩🇪Germany's richest man Dieter Schwarz is taking on Big Tech. From building the Lidl/Kaufland empire (€185bn revenue) into Europe's retail powerhouse, the 86-year-old billionaire is now pouring billions into Schwarz Digits — massive data centers, sovereign cloud infrastructure, and an ambitious AI campus in Heilbronn. New "Schwarz Digits Campus" in Bad Friedrichshall, €11bn Spreewald data center, talent magnets with daycare and labs — all aimed at reducing Europe's dependence on US/Chinese tech. "If you're not at the table, you end up on the menu." A rare example of German industrial muscle betting on digital sovereignty and long-term vision. #DigitalEurope #TechSovereignty #GermanyInnovation @DW

❗ 🇪🇺 Europe stands at the edge of recession as geopolitical shocks intensify. #US strikes have hit Tehran, and Iran has closed #StraitOfHormuz. Acc. to @ESM_Press latest analysis, continued conflict would slash euro-area growth to just 0.6% in 2026 & tip the economy into a 0.4% contraction in 2027 - with global losses potentially reaching❗$3.5T. 🇪🇺 persistent energy dependence remains its critical vulnerability. Reducing it through diversification & strategic independence is no longer optional - it is essential for resilience. #EnergySecurity #Geopolitics Photo: @ESM_Press

⚡ 🇪🇺EU’s big red-tape bonfire is falling flat. 20 months after promises to slash bureaucracy and boost competitiveness against China and the US took place, businesses are far from impressed. POLITICO’s talks with 17 companies, consultancies and associations reveal the “simplification” drive is too slow, expensive, complicated — and often misguided, with new rules being written to undo old ones in an institution “hardwired” to regulate rather than deregulate. From chemicals giant INEOS to SMEs like Blässinger Group and Booking Holdings, executives say they see no real easing of the burden yet, omnibus packages are eroding in negotiations, and deeper issues like sky-high energy costs and some taxes remain untouched. #EUCompetitiveness #RedTape #EuropeEconomy

❗🇮🇩 A tiny island near Singapore is quietly keeping Russia’s war machine alive. Karimun, Indonesia - just 40 km from Singapore - has turned into Asia’s shadow hub for #RussianOil. Since mid-2024 it has handled❗$1.6B worth of diesel, fuel oil & refined products from sanctioned 🇷🇺 ports. Tankers unload, blend the cargoes (erasing origins), and ship them onward as “Indonesian” fuel to Singapore, Philippines, Australia, China & Myanmar. Why it’s perfectly legal locally: Indonesia only enforces #UN sanctions. Russian oil is not under UN sanctions - only Western unilateral ones. While Ukrainian drones hammer Russian refineries, this loophole keeps the revenue flowing. #EnergyGeopolitics Photo: @business

#Wagner remnants turned the Central African Republic into their main African base — and a lucrative business hub. Beyond gold smuggling❗ (~$180M/year), they now run a massive tramadol trade (“cocaine for the poor”), @Nicholasbariyo wrote. The drug, supplied to miners and fighters, has tripled in price amid surging demand. Profits fund weapons and armed groups. Led by Prigozhin’s son Pavel, ex-Wagner fighters control smuggling routes and are deeply embedded in the CAR army & presidential guard. Fascinating read: wsj.com/world/africa/r…

⚡️⚡️⚡️BREAKING: In H1 2026 the EU paid €5.96 billion for Yamal Arctic #LNG — 136 of 140 global cargoes (97%) went to EU ports, up 16% from 2025, while Asia’s share collapsed 84%. As Russia killed over 40 civilians last week with massive barrages on Kyiv, Europe became the logistical backbone and repair shop (Fayard in Denmark still services the Arc7 tankers) keeping this strategic Russian project alive.

⚡⚡⚡BREAKING: 🇨🇳China has imposed a temporary ban on helium exports — a critical gas used in fiber optics, semiconductors, rocket tech, radars, and aerospace. Interestingly, the ban coincides with a Ukrainian strike on Russia’s Orenburg Helium Plant — the country’s only facility of its kind. At the same time, China remains the world’s largest importer of helium, covering a major part of its needs through imports.