I wanted to know how can you express this in Ukrainian and if Ukrainian has an equivalent phrase.
General explanation in my own words: Phrase is used in situations when something went bad and at first glance the situation looks dire, however for the narrator this is actually a good riddance.
Context and uses:
A server disk is broken and we can't recover any data from it. It was a RAID0 and we have no backups. But then comes a lead and says: You know, we wanted to decomission that server for a while now and this kinda just forces the inevitable. Nothing of value was lost with the loss of this server.
Hey did you know? The website with lots of horny women from your area is closed!
So what? Nothing of value was lost.