Business news from Ukraine

Business news from Ukraine

IMF PROVIDES UKRAINE ABOUT $ 700 MLN TRANCHE UNDER SBA PROGRAM

President of Ukraine Volodymyr Zelensky has thanked the IMF for allocating a tranche of $ 700 million to Ukraine under the Stand-By Arrangement.”Grateful to the IMF Board of Governors for the decision to complete the review of the Stand-By program on the allocation of a tranche of about $ 700 million. We’ll use these funds to support the financial system and combat COVID-19 consequences. The IMF program will be continued,” the president said on Twitter.

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US EXIMBANK TENTATIVELY AGREES ON AMOUNT OF FINANCING FOR CONSTRUCTION OF TWO POWER UNITS AT KHNPP – ENERGOATOM HEAD

US Eximbank has tentatively agreed on the total amount of financing for construction of two new power units using AP1000 technology of the American company Westinghouse, further negotiations are underway, Head of Energoatom Petro Kotin has said.”Financing is provided through the US Eximbank. The total amount of financing for two power units has been preliminary agreed, but there is still a long procedure to make a final decision in order to receive this money,” Kotin said at a briefing at the international conference Atomic Opportunities for National Development, held in Kyiv on Monday.At the same time, he specified that “both the American and Ukrainian shares are being financed.” At the same time, he did not name the amount of funding.In the Energoatom’s presentation on nuclear power development, presented at the conference, the amount of construction of one power unit is indicated approximately in the range of $5 billion.At the same time, Energy Minister Herman Haluschenko noted that conditions for provision of financing that are favorable for Ukraine, are being considered.”I would not like to specify anything before making a final decision, but I will say: we are talking about the use of funds for 18 years at very low interest rates,” he said, adding that “now we are talking about the first tranche of financing for two units.”As reported, Westinghouse (USA) and Energoatom signed two cooperation agreements providing for the start of projects for construction of two new power units at Khmelnytsky nuclear power plant (KhNPP) using AP1000 technology.As part of the September visit of the President of Ukraine to the United States, Energoatom and Westinghouse Electric signed a memorandum on construction of five nuclear power units in Ukraine. The cost of the project will be about $25 billion.

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STATE FOOD SERVICE PROVIDES CHINESE PARTNERS WITH LISTS OF APPLICANTS FOR EXPORT OF EDIBLE OIL

The State Service of Ukraine on Food Safety and Consumer Protection has submitted to the Chinese side the lists of Ukrainian producers of vegetable oil exporting it to China for approval, this measure is due to the requirement introduced in the PRC to register foreign food producers.The changes in the procedure for the export of food products that occurred in the national legislation of the PRC in October this year were reported on the website of the State Food Service.The agency clarified that, together with the Ukroliyaprom association, it collected and submitted information about Ukrainian exporters of vegetable oil for consideration by the Chinese side.The service clarified that China will complete the registration procedure and form a list of vegetable oil exporters by the end of 2021.The agency stressed that it is working on opening the Chinese market for poultry, eggs and egg products, wheat, rapeseeds, sorghum, peas and beans, cherries, wheat flour, soybean meal, apples, blueberries, etc.As reported, in January-July 2021, China imported Ukrainian agricultural products for $2.4 billion, India – for $947 million, the Netherlands – for $908 million, Spain – for $538 million. In total, the export of Ukrainian agricultural products for the seven months of 2021 increased by 6.7% compared to January-July 2020 – to $12.5 billion, imports – by 19.4%, to $4.19 billion.

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NIBULON’S FLOATING CRANE HANDLES 5 MLN TONNES OF AGRICULTURAL PRODUCTS IN TWO YEARS

The self-propelled floating crane Nibulon Max of agricultural holding JV Nibulon LLC (Mykolaiv) has transshipped more than 5 million tonnes of products at Mykoaliv seaport and loaded more than 160 vessels in two years since its launch in October 2019, according to the website of the group of companies.According to it, 41% of all shipments were wheat, 38% – corn, 16% – barley, and 5% – rapeseed. Agricultural products were exported to more than 30 countries of the world.Nibulon specified that it reached its maximum transshipment volumes in August 2021 – 700,900 tonnes of agricultural products. The best quarterly indicator for the shipment of products was also recorded in the first quarter of the 2021/2022 marketing year (MY, July-June) – 1.83 million tonnes, 62% out of which were shipped due to transshipments in the outer roads.According to Nibulon’s data, the Nibulon Max floating crane, with a nominal daily loading capacity of 18,000 tonnes, loads Panamax-class vessels in three days. The presence of two cargo holds with a capacity of 13,400 cubic meters allows continuous operation even in the absence of a non-self-propelled fleet, since it is able to carry out loading and unloading operations in its own holds. Also, it can store cargoes when foreign-going vessels are not available, thereby releasing fleet to transport cargoes.”Nibulon Max has considerably increased the company’s capacity to transport cargoes by river and to ship in the outer roads. According to the company’s specialists, the shipments by floating cranes can be soon increased by 26%, thereby enabling the company to efficiently use its own capacities in the outer roads. The shipment capacity now comprises 6 million tonnes [annually],” the company said.Nibulon was established in 1991. It has 27 transshipment terminals and reception complexes, storage capacity of 2.25 million tonnes and a fleet of 82 units (including 23 tugs), as well as the Mykolaiv shipyard.Nibulon cultivates 82,000 hectares of land in 12 regions of Ukraine and exports agricultural products to more than 70 countries.During the navigation period of 2020, the fleet of the Nibulon company transported a record 4.14 million tonnes of cargo, exceeding the figure of 2019 (3.8 million tonnes) by 8.9%.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 22/11/21

National bank of Ukraine’s official rates as of 22/11/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF NOVEMBER 22

Official rates of banking metals from national bank as of November 22

One troy ounce=31.10 grams

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