Business news from Ukraine

Business news from Ukraine

UKRAINE LOWERS ELECTRICITY EXPORTS BY 26.5%, IMPORTS BY 15.3% IN 2020

Ukraine in 2020 reduced the export of electricity by 26.5% (by 1.715 billion kWh) compared to 2019, to 4.754 billion kWh, according to the data of NPC Ukrenergo.
According to the calculations of Interfax-Ukraine, the supply of electricity from the Burshtyn TPP energy island to Hungary, Slovakia and Romania decreased 32.1% (by 1.428 billion kWh), to 3.02 billion kWh.
Electricity supplies to Poland grew by 7.8% (by 107.3 million kWh), to 1.484 billion kWh. Electricity supplies to Moldova decreased 74.1% (by 476.9 million kWh), to 167.1 million kWh. Export to Belarus amounted to 82.8 million kWh.
Ukrainian electricity was not exported to Russia.
At the same time, Ukraine in 2020 also cut electricity imports by 15.3% (by 413.7 million kWh) compared to 2019, to 2.285 billion kWh, including 1.474 billion kWh supplied from Slovakia, 516 million kWh from Hungary, 152.3 million kWh from Belarus, 89.4 million kWh from Romania, and 53.4 million kWh from the Russian Federation.
In addition, within technological flows associated with the parallel operation of the IPS of Ukraine with the power systems of neighboring countries and power supply of dead-end areas, 58.9 million kWh of electricity was imported from the Russian Federation last year, and 0.9 million kWh from Belarus. Emergency supplies from Hungary amounted to 1.1 million kWh.

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SKHIDNY MINING CUTS URANIUM CONCENTRATE PRODUCTION BY 7.1% IN 2020

SOE Skhidny Mining in 2020 reduced the production of uranium oxide concentrate by 7.1% (or by 57.2 tonnes) compared to 2019, to 743.7 tonnes, according to the information from the unified public open data portal.
According to the enterprise, 93.6 tonnes of uranium concentrate were produced in January, 21.9 tonnes in February, 96 tonnes in March, 90 tonnes in April, 40 tonnes in May, 74.2 tonnes in June, and 86 tonnes in July, 77.3 tonnes in August, 58.4 tonnes in September, 7 tonnes in October, 92.5 tonnes in November, and 6.8 tonnes in December.
The deterioration of production indicators over the past two years was due to the periodic withdrawal of the company’s divisions to a forced downtime.
As reported, Skhidny Mining in 2019 reduced the production of uranium oxide concentrate by 32.1% (by 378.6 tonnes) compared to 2018, to 800.9 tonnes.
Skhidny Mining is the only uranium ore mining and processing enterprise in Ukraine and the largest in Europe.

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WORLD BANK TO PROVIDE UKRAINE WITH UAH 2.5 BLN FOR PURCHASE OF VACCINE AGAINST CORONAVIRUS

The World Bank will provide Ukraine with about UAH 2.5 billion to purchase a vaccine against coronavirus (COVID-19) disease, Deputy Health Minister Svitlana Shatalova said at a press briefing in Kyiv on Thursday.
“Ukraine will receive funds for the purchase of vaccines against COVID-19. Such assistance is provided by the World Bank. About UAH 2.5 billion is planned to be allocated for the new Ukraine Emergency COVID-19 Response and Vaccination Project,” she said.
“Relevant negotiations are being held between the Board of Directors of the World Bank and the government of Ukraine since December 2020. As part of the preparation of the project, the implemented vaccination strategy will be taken into account,” Shatalova said.

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UKRAINIAN POPULATION BY REGIONS AS OF SEPT 30, 2020 (GRAPHICALLY)

Ukrainian population by regions as of Sept 30, 2020 (graphically).

SSC of Ukraine

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UKRAINE CUTS IMPORTS OF PETROLEUM PRODUCTS BY 4.8% IN 2020

Ukraine in 2020 imported 8.023 million tonnes of petroleum products (according to foreign trade activity code 2710, petrol, diesel fuel, fuel oil, jet fuel, etc.), which is 4.8% less than in the same period of 2019.
According to the State Fiscal Service, petroleum products were imported in the amount of $3.397 billion, which is 36.1% less than in 2019.
Fuel imports from Russia amounted to $1.227 billion (a share of 36.13%), Belarus to $1.217 billion (35.81%), Lithuania to $395.84 million (11.65%), from other countries to $557.174 million (16.4%).
In addition, in 2020, Ukraine exported 298,745 tonnes (43.9% less compared to 2019) of petroleum products for a total amount of $128.205 million (52% less). The cost of fuel delivered to contractors from Latvia amounted to $25.809 million, Hungary some $10.559 million, Romania some $10.029 million, and from other countries some $81.808 million.

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UKRAINE INCREASES CRUDE OIL IMPORT 1.6-FOLD IN 2020

Ukraine in 2020 increased import of crude oil (according to foreign trade activity code 2709) 1.6-fold (by 454,959 tonnes) compared to the same period in 2019, to 1.246 million tonnes.
According to the State Fiscal Service, in 2020, crude oil was imported for $409.167 million, which is 1.5% less than a year earlier ($431.735 million).
Some crude oil for $265.076 million came from Azerbaijan (the share is 64.78%), the United States for $98.445 million (24.06%), Libya for $45.555 million (11.13%) and other countries for $0.091 million (0.02%).
The export of crude oil by Ukraine in 2020 amounted to 80,000 tonnes for $24.351 million. Oil was exported to Belarus by Ukrtransnafta, which in the spring of 2020 bought Azerbaijani oil when the prices fell with its subsequent sale to its subsidiary BNK.
In 2019, Ukraine did not export oil.

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