Under the chairmanship of Deputy Minister of Energy of Ukraine Mykola Kolisnyk, a meeting of the Multistakeholder Group on the Implementation of the Extractive Industries Transparency Initiative (EITI) was held, during which the EITI Ukraine National Report for 2024 was approved.
The report was prepared in accordance with the updated EITI Standard, which came into force in January 2025 and significantly expanded the scope and depth of disclosure requirements.
The National EITI Report provides information on fiscal and regulatory regimes, including payments to budgets, royalty revenues, state participation in extractive companies, as well as data on ultimate beneficial owners of material companies. This level of transparency sends an important signal to investors regarding the predictability of rules and the reduction of non-financial risks in the sector.
Specific sections of the report cover investments in the extractive industries, project expenditures, production forecasts, and quasi-fiscal operations, allowing for an assessment of the sector’s real economic contribution and its potential for long-term development.
Mykola Kolisnyk emphasized that EITI remains a vital tool for developing the extractive sector and attracting investment even in conditions of full-scale war.
“Preparing the National EITI Report is not merely a formal fulfillment of international obligations, but a practical instrument for building a transparent, competitive, and investment-attractive extractive sector in Ukraine,” the Deputy Minister stressed.
For the first time in an expanded scope, the report presents information on social and environmental payments – both mandatory and voluntary – as well as data on anti-corruption policies, gender aspects in the extractive sector, and companies’ readiness for the energy transition, including greenhouse gas and methane emissions.
The report contains a systematic analysis of hydrocarbon (oil and gas) and metallic ore (including iron, manganese, and titanium) sectors. Special attention is given to minerals of strategic importance for Ukraine’s economic recovery and integration into European and global value chains, including resources critical for low-carbon technologies and the energy transition.
The report also provides data on reserves, production volumes, subsoil use structure, and regional distribution of activities, creating a reliable information base for potential investors, financial institutions, and government authorities.
The Ministry of Energy of Ukraine and the EITI Multistakeholder Group continue systematic work to implement transparency standards to ensure sustainable development of the extractive sector and the recovery of Ukraine’s economy.
