On 13 August 2025, Ukraine approved tenders for two oil and gas blocks—Mezhyhirska and Svichanska – under its Minerals Deal with the US Bidders must meet financial and work commitments, with production sharing terms favouring investors initially. Each PSA lasts 50 years and includes environmental and compliance obligations. This marks a key step in Ukraine’s post-war reconstruction and energy strategy.
This handbook Conducting Business in Ukraine 2021 has been prepared by the attorneys of Baker McKenzie’s Kyiv office as a general guide for companies operating or considering investing in Ukraine. It is intended to present an overview of the key aspects of the Ukrainian legal system and the regulation of business activities in the country