Ukrainian agrarians have completed the spring sowing season, during which 7.2 million hectares were sown with oilseeds, and about 5.6 million hectares with cereals and legumes, which is 22.6% above the forecast, the press service of the Ministry of Agrarian Policy and Food reported.
According to the report, agrarians have sown more than 99% of the projected areas of spring cereals and legumes. They allocated 3.93 million hectares for corn, which amounted to 100.4% of the projected area, barley – 783 thousand hectares (95.7%), wheat – 252.7 thousand hectares (102.6%), oats – 163.7 thousand hectares (100.7%), peas – 162.5 thousand hectares (101.6%), buckwheat – 100.8 thousand hectares (80.7%), millet – 69.7 thousand hectares (81.8%).
5.19 million hectares (98%) have been allocated for sunflowers, 2.03 million hectares (102%) for soybeans.
Sugar beet is sown on 250.1 thousand hectares (97%).
As reported, the Ministry of Agrarian Policy in April forecasted the sown area of grain and leguminous crops in 2024 at the level of 10.6 million hectares, which is 395 thousand hectares lower than in 2023.
The Ministry of Agrarian Policy expects gross production of grain and oilseeds in 2024 at the level of 74 million tons, of which about 52.4 million tons – grains, 21.7 million tons – oilseeds.
Agrarians in 2024 will be able to harvest 19.2 million tons of wheat (22.2 million tons were harvested in 2023), 4.9 million tons of barley (5.7 million tons), 26.7 million tons of corn (30.5 million tons), 5.2 million tons of soybeans (4.7 million tons), 12.4 million tons of sunflower (12.9 million tons), 4.1 million tons of rapeseed (4.7 million tons).
This summer, more than ever since Russian troops crossed the border in February 2022, Ukraine is in dire need of the strongest possible reaffirmation of Western diplomatic, economic, and security support.
Military aid from the United States and European allies is increasing again, but wars are not won on the battlefield alone. Political and diplomatic support for Ukraine also needs to be strengthened. The twin events of this summer Ukraine Peace Summit in Switzerland in June and the NATO 75th Anniversary Summit in Washington, DC, in July provide an unprecedented opportunity to do so.
The summit on June 15-16, organized by the Swiss government, may be the last opportunity this year to draw the attention of the broader international community to the global implications of the conflict in Ukraine. As it did before and after the war broke out, the Biden administration could provide momentum both for more urgent diplomatic work to achieve peace and for consolidating military support for Ukraine by allies a few weeks later at the NATO summit.
The situation in Switzerland has been complicated. In recent months, the main goal of Washington and European capitals has been to provide financial and military support for Ukraine’s military operations. It took the White House seven months to overcome a blocking House of Representatives proposal to provide $60 billion in military aid to Ukraine. In Europe, Hungary withheld a €50 billion aid package for almost two months before agreeing to release it.
The lost time affected the course of the conflict. Russia used the winter months to prepare for a new offensive while the West debated and Ukraine’s weapons stockpile was depleted. There are now more than 400,000 troops on the ground in Ukraine, and Ukraine’s energy infrastructure and second largest city, Kharkiv, are under serious threat. On the international level, the diplomatic agenda has become overloaded, with the crisis in Israel and Gaza consuming the attention of the White House and other governments. The presidential and parliamentary elections in the US and Europe may lead to an atmosphere less favorable to providing assistance to Ukraine.
But it is at times like these that diplomacy and symbolism are essential and can remind us of what is at stake – and not just for Ukraine.
The conference in Switzerland is the most ambitious attempt to date to engage the world – not just Ukraine’s Western allies – in supporting an end to a conflict that has disrupted global energy and food supplies, threatened nuclear conflict, led to the world’s second largest refugee flow and resulted in hundreds of thousands of casualties.
To date, according to some reports, more than 100 countries and international organizations have committed to attend the conference, although Russia has not been invited to participate. Many countries may have different views on how this conflict can be resolved; many countries are eager to maintain ties with both Russia and Ukraine, despite the fact that they voted at the UN General Assembly to condemn the initial invasion. Ukraine, however, is aware of all the nuances.
In his June 2 speech at the Shangri-La Dialogue in Singapore, which brings together defense and other officials from the Asia-Pacific region, President Zelenskyy made it clear that Ukraine is “ready to listen to various proposals and opinions that will lead us…to ending the war and establishing a sustainable and just peace.” The Ukrainian government, together with Switzerland, has been working diligently on an agenda that can unite rather than divide international opinion.
This did not prevent Russia and its allies from perceiving the summit as a threat. At a meeting with the leaders of Indonesia, Singapore, the Philippines, and other Asian states, Zelenskyy in Singapore drew special attention to China’s efforts to dissuade countries from participating in the summit. China, along with Brazil, also proposed holding an alternative conference at a later date. Therefore, a strong position of Washington and key European allies is needed to strengthen international resolve at the summit.
Now we can draw parallels with February 2022. At the beginning of the war, visits to Kyiv by the president and cabinet of ministers, as well as President Zelenskyy to Washington played a crucial role in strengthening the US commitment to Ukraine in the popular imagination and in the eyes of allies and adversaries alike. They also sent an unequivocal message of political and diplomatic support for Ukrainians as they confronted and defeated an all-out Russian invasion to overthrow their government.
In June 2024, Ukraine will need that reaffirmation again, as Russia is once again confident in its goals. The stakes are still high: Ukraine, at least for the rules-based order that has endured for 70 years since World War II and the end of the Cold War, is the defining conflict of our era. A Russian victory would undermine all calculations by the United States and Europe about their own future security and prosperity and destroy the limits to violence between states around the world.
We have not yet reached that point, but Russia, China, and other countries that question the resilience of the United States are seeking to undermine international commitments to Ukraine. Ukrainians will regret that President Biden will not attend the summit in Switzerland, but he will meet with Zelenskiy in France on the sidelines of the 80th anniversary of D-Day in France. In addition, Vice President Kamala Harris, who will represent the administration, can work with German Chancellor Olaf Scholz, French President Emmanuel Macron, Canadian Prime Minister Justin Trudeau, and other world leaders in attendance to rally participants and send an unmistakable message at this critical moment: Ukraine is not alone.
P. Michael McKinley is a non-resident Senior Advisor at CSIS and former U.S. Ambassador to Afghanistan, Brazil, Colombia and Peru.
More than 160 thousand vehicles were imported to Ukraine in 5 months of 2024, according to the Ministry of Internal Affairs (MIA). Only 28% of imported cars in 2024 were new.
160,750 vehicles were imported to Ukraine in 5 months of 2024. This is 21% more than in the same period in 2023.
The most popular brand among all imported cars this year was VOLKSWAGEN – 18,771 cars or 11.7% of the total. RENAULT was in second place with 13,187 vehicles (8.2%), and AUDI took third place with 9,137 cars (5.7%). The most popular models among imported cars were SKODA OCTAVIA, VOLKSWAGEN GOLF and PASSAT.
Gasoline cars remain the most popular – almost every second imported car. Diesel cars accounted for 29% of cars imported this year. Electric cars accounted for 12.9%.
72% of all imported cars this year were used. Currently, the average age of imported cars is 10 years.
The largest number of newly imported cars was registered in Kyiv – 13.9%. Lviv (10.2%) and Odesa (7.5%) regions are also in the top 3.
https://opendatabot.ua/analytics/autoimport-2024-5
JSC OTP BANK applies various mechanisms to make credit products available and interesting for as many business clients as possible. This was stated by Alla Biniashvili, Member of the Management Board of the Bank, in her speech at the international industry conference Grain Ukraine.
She reminded that since the beginning of the full-scale war, the corporate portfolio of Ukrainian banks has decreased by 20%, so now banking institutions are using various methods to resume lending to the economy.
According to Alla Biniashvili, an important advantage of OTP Bank is its systematic cooperation with international organizations that offer risk-sharing or provide grant programs for business. In particular, with the EBRD, with which the Bank has entered into an unfunded agreement on portfolio risk sharing totaling EUR 120 million, and with the USAID Project “Investments for Business Resilience”, which allowed financing Ukrainian enterprises for more than UAH 500 million at a preferential rate of 7%.
“We carefully study risks as a responsible bank, but at the same time, we understand the current situation and see the conditions in which business operates. And thanks to risk-sharing with the EBRD, we can finance different clients. As part of its cooperation with the USAID Business Resilience Investment Project, the Bank provides loans at preferential rates. So we have opportunities, and this is our distinctive advantage,” emphasized Alla Biniashvili.
She noted that OTP BANK has been actively applying positive international experience throughout its activities, and thanks to cooperation with the International Financial Corporation (IFC), in 2017 created a unique scoring project called Agro Factory. “Back then, we studied the pains and fears of small companies, in particular, they wanted to receive decisions quickly, submit a minimum package of documents, etc. We met all their requirements within Agro Fabrika. We make decisions within a business day and disburse funds within a week at the most, because after all, providing financing is a dance for two, and there is a need to obtain certain documents. For agricultural producers, we offer loans of up to UAH 5 million without any collateral at all, and up to UAH 20 million secured by financial agricultural receipts,” said the member of the Bank’s Management Board.
She emphasized that OTP BANK successfully cooperates with well-known international and Ukrainian partner companies, including manufacturers of seeds, plant protection products, fertilizers, etc. within the Agro Factory project. “If a bank customer buys goods from them, they compensate us for the difference in interest rate, so we can provide a very interesting loan offer at 0.1%, which is difficult to find on the market in the usual way. Agrarian business is in the center of our attention, and 50% of loans in the total loan portfolio of OTP Bank are financing of the agricultural industry,” she said.
On June 11 and 12, the German government, in partnership with the government of Ukraine, will host the Ukraine Recovery Conference (URC2024) with the aim of supporting Ukraine’s economic and social recovery from Russia’s war of aggression.
On the day before URC2024 begins, GMF will convene 200 representatives from Ukraine’s municipalities, cities, and regions, as well as civil society actors, philanthropists, and business and media representatives from Ukraine and its partner countries to explore the local dimension of reconstruction, recovery and reform. Under the theme All Reconstruction is Local, the pre-conference aims to investigate the following questions: What are the benefits and limitations of city and state twinning as well as regional cooperation models? How can improved cooperation be fostered between national and local reconstruction plans rather than competition? What are the human capital and project management needs at the local level? How will access to finance and insurance be distributed at the local level? How can EU regulations, sustainability and the highest transparency standards be ensured locally?
The agenda will feature discussions looking at concrete partnership models aiming to support Ukrainian cities and regions but will also dive deeper into specific policy areas including rebuilding the local energy sector, anti-corruption efforts and the question of local ownership vs. wartime centralization. Speakers at the event will include both policy makers from the United States, Europe, and Ukraine, as well as civil society and private sector representatives. Some of the sessions of the event will be live-streamed and therefore also available to an online audience, while other sessions will take place under Chatham House rules to enable an open and honest discussion among participants.
https://www.gmfus.org/all-reconstruction-local-forum-eve-ukraine-recovery-conference
The number of clients of IC “Express Insurance” on compulsory insurance of motor liability of owners of land vehicles (MTPL) in January-April 2024 increased by 3.2 times, the insurer’s website reports.
It is noted that this is the largest indicator in the market of MTPL insurance in Ukraine for this period.
Payments of the company on MTPL, victims of road accidents for this period, increased in 2,2 times and amounted to almost 19,4 million UAH. The average amount of damage, which was paid out by IC Express Insurance during this period, exceeded by 2% the similar indicator in the market and amounted to UAH 37,4 th.
The company also notes that as the number of clients increases, it accelerates the process of settlement of insurance events. According to the results of April 2024, the average number of days from the date of application to the date of payment in IC “Express Insurance” decreased to 29,6 days against 43,5 days in April 2023.
ALC “Express Insurance” was founded in 2008 with participation of the leader of the Ukrainian automobile market – corporation “UkrAVTO”. The company specializes in automobile insurance.
Since April 2012 IC “Express Insurance” is an associated member of the Motor Transport Insurance Bureau of Ukraine.
