Finance Minister Serhiy Marchenko and KfW Director for Eastern Europe, Caucasus and Central Asia Olaf Zymelka have signed an agreement on a EUR150 million loan for 15 years for budgetary support, the Ministry of Finance reported.
“The funds raised will ensure stable financing of priority areas and will be used for social spending, education and healthcare,” Marchenko said.
The loan is provided as co-financing of the International Bank for Reconstruction and Development (IBRD)’s Supplemental Financing of the Economic Recovery Development Policy Loan. The grace period with a deferral of repayment of the principal amount of the loan will be five years.
The Czech railway carrier ČD Cargo delivered the first train with 1,800 tonnes of corn from Ukraine to the German port of Brake for subsequent shipment to Egypt on a grain carrier ship.
Such a change in logistics routes is necessary to free up silos in Ukraine to receive a new crop, and to avoid starvation in North Africa and Asia that consume Ukrainian agricultural products, according to a posting on the website of the publication zdopravy.cz (the Czech Republic) on Tuesday.
“We see this as a help and at the same time a business opportunity. Due to the Russian invasion, Ukraine cannot export grain in the traditional way through the Black Sea ports. A new harvest is approaching, and the silos in Ukraine are still full. Therefore, it is necessary to decide how to get at least part of the stocks by rail across Europe,” Board Chairman of ČD Cargo Tomáš Tóth was quoted as saying.
The Czech railway carrier returned with a batch of corn from Ukraine, where it had previously delivered a batch of humanitarian aid and military equipment.
At the same time, railway exports from Ukraine are fraught with problems due to different gauges in the EU and Ukraine, as well as insufficient capacity of logistics routes.
“Firstly, these are different dimensions: carriers can either pick up wheeled carts or reload the cargo. However, transshipment options are limited. Another bottleneck is, respectively, border crossings. Their capacity is significantly limited, for example, in the Elbe valley between Děčín and Dresden. Unloading capacities in ports are also not unlimited,” the publication said.
Zdopravy.cz recalled that Ukraine is one of the main suppliers of grain and other crops to the world market. Due to the blockade of its seaports by Russian ships, wheat exports have stopped, the country needs to export about 20 million tonnes of grain to avoid starvation in the countries of North Africa and Asia, which traditionally purchase Ukrainian agricultural products.
The Federal Ministry of Finance, the Federal Bank of Germany, German banks and the National Bank of Ukraine will launch a program for Ukrainian refugees to exchange cash hryvnia for euros on May 24, the press service of the German Ministry of Finance said.
According to the report, the Federal Ministry of Finance and the Federal Bank of Germany have signed an agreement with the National Bank of Ukraine on the initial volume of exchange of 1.5 billion UAH.
It is stated that refugees can exchange 100, 200, 500 and 1000 banknotes (up to 10 thousand hryvnias) for euros in German banks and savings banks participating in the program.
The conversion into euros takes place at the exchange rate published on the Bundesbank website (www.bundesbank.de/wechselkurse-ua), the report said.
The press service noted that the exchange will be registered in an online application submitted by the European Central Bank to ensure that the individual maximum amount of the exchange is not exceeded, for which the identity of each adult refugee wishing to participate in the exchange is recorded and verified.
It is specified that the exchange is initially possible within three months, and the losses resulting from the exchange are borne by the federal budget.
22 million tons of food have been blocked in Ukrainian ports, Ukrainian President Volodymyr Zelensky said in Kyiv on Saturday after meeting with Portuguese Prime Minister Antonio Costa.
“Russia has blocked all maritime opportunities to export food products – our grain, barley, sunflower. 22 million tons have been blocked by the Russian Federation, “he said.
“And, to be honest, they are stealing slowly. Grain is taken out of ports and somewhere. We know what “somewhere” is, “Zelensky said.
According to him, Ukraine “works at the level of the Ministry of Foreign Affairs. At the level of conscience, it is impossible to work with these countries, so we work differently. ”
Zelensky noted that “it can be unblocked in different ways. One of them is military. That is why we are asking our partners for such requests for appropriate weapons, and Portugal is no exception. “
At a meeting on Friday, the Ukrainian government approved the composition of the delegation to begin negotiations with the European Union on an agreement on road freight transport between Ukraine and the EU, said Prime Minister Denis Shmygal.
“This means the maximum possible liberalization in this matter and in the issue of access to European ports,” he said, opening the meeting.
The Prime Minister pointed out that, according to the operative data of the State Customs Service, the total value of goods exported from Ukraine in April amounted to $ 2.7 billion, which is twice lower than in April 2021.
“Every day the government team works to increase the capacity of our western border. We are building a new logistics system. We are opening new checkpoints, green corridors. We have simplified customs as much as possible so that businesses can export products freely and quickly,” Shmygal said.
President of Ukraine Volodymyr Zelensky announced his intention to build another Mriya aircraft, dedicating this project to the memory of the pilots who died in the war, including during the defense of Mariupol.
During an online meeting with Ukrainian students on Thursday, he recalled that at one time there was an idea to build a second copy of this unique aircraft.
“We wanted to build it, we needed 800 million dollars. I turned to the President of Turkey with a proposal to build the 2nd MRIYA, but we did not find the money,” he said,
“But in this case, this is not a matter of money, it is a matter of ambition. Ukroboronprom, the Antonov team contacted us. This is a matter of the image of our state and all the excellent professional pilots who died in this war,” Zelensky also said.
He called them “heroic people”. “How much they did, today you can already say how much they saved the lives of people who remained in Mariupol, especially at Azovstal … How many pilots gave their lives to bring everything there, from weapons to water. And how many wounded they took from there A large number of these people died heroically,” the president said.
“Building MRIYA for the sake of the memory of heroes is the right state position,” Zelensky stressed.
The world’s largest transport aircraft “Mriya” was destroyed during the battles for the airport “Gostomel” at the end of February 2022.
An-225 “Mriya” is an aviation giant, which holds records for the transportation of the maximum commercial cargo and the longest and heaviest monocargo in the history of aviation, carrying capacity.
