Business news from Ukraine

Business news from Ukraine

Electricity imports from EU limited to 1.6 GW due to grid problems

Ukraine currently imports electricity from Europe around the clock at a maximum capacity of 1.6 GW during peak hours, which does not cover the maximum allowable import capacity due to grid restrictions.

This was announced by Anatoliy Zamulko, acting head of the State Energy Supervision Inspectorate of Ukraine (Derzhenergonadzor), on Thursday during the “Yedyni Novyny” telethon.

“The peak part of imports, depending on the situation, is 1.5-1.6 thousand MW, which is not yet the limit allowed to us by contracts with Europe. The only problem that remains today is network restrictions to push that electricity to eastern Ukraine,” he said.

As reported, the maximum agreed commercial capacity for imports from the EU from December 2024 is 2.1 GW. On average, in November 2025, the utilization of transmission capacity was 27.4%, but during peak evening consumption hours, it increases significantly.

“If we had the opportunity to restore that network infrastructure more quickly, we would certainly have much better opportunities to provide energy through imports,” said the head of the State Energy Regulatory Commission.

As he explained, with the current drop in temperature and the onset of frost in Ukraine, there has been an increase in energy consumption. To balance the energy system, transmission system operators (TSOs, regional power companies) together with regional military administrations are freeing up additional capacity for consumers by including facilities that were not previously subject to disconnection in consumption restriction schedules.

“We are fighting to mitigate the drop in temperature in various ways, including one of the effective tools that will be used throughout Ukraine, which is to take into account the facilities that are to be included in the schedules and increase the fairness that is being talked about in terms of distribution,” Zamulko said.

He stressed that the Ukrainian energy sector continues to function as a single entity.

“We remain a unified energy system, working in parallel with Europe, carrying out all transfers in accordance with the agreements reached with our partners, using import capacities and, if necessary, using emergency assistance,” said the head of the State Energy Regulatory Commission.

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Trump’s son-in-law has received proposal to build Trump Hotel in Pristina from Kosovo president’s husband

The Serbian Economist reports that Prindon Sadrija, the husband of Kosovo President Vjosa Osmani, called on Trump’s son-in-law Jared Kushner to move the Trump Hotel project to Pristina, which his organization had previously rejected in Belgrade.

Sadrija wrote on social network X that the withdrawal from the Belgrade project confirms the thesis that “significant projects should unite, not divide,” and suggested “moving this idea to Pristina” with the transformation of the capital’s Grand Hotel into Trump Hotel.

The statement came amid reports that Affinity Global Development, linked to Kushner, has withdrawn from plans to build a hotel and residential complex on the site of the former General Staff building in downtown Belgrade, which was damaged during the 1999 NATO bombing and has been the subject of public controversy over memory preservation and cultural heritage status.

The company notified the decision to withdraw from the project after months of protests and amid a legal scandal surrounding the removal of the site’s protected status, for which the Serbian prosecutor’s office sought to prosecute a number of officials.

In Serbian statements, the losses are estimated at “at least 750 million euros” – a figure that Serbian President Aleksandar Vucic and representatives of the ruling party have voiced, linking the investor’s withdrawal to the pressure of protesters.

At the same time, earlier publications on the parameters of the project estimated the investment at about $500 million.

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Dnipro Metallurgical Plant reduces production costs thanks to new technologies

PJSC Dnipro Metallurgical Plant (DMZ), part of businessman Oleksandr Yaroslavsky’s DCH Steel group, has completed its transition to continuous casting, DCH Steel CEO Vitaliy Bash announced in the corporate newspaper on Thursday.

“DMZ has implemented solutions to maintain competitiveness in difficult economic conditions. The transition of rolling production to continuously cast billets, which we purchase from partners, has been completed, allowing us to reduce the cost of metal production. DMZ has expanded its scope of activities by providing laboratory research, repair, and manufacturing services for metal structures and equipment parts, which is already yielding certain economic results,” the CEO noted.

According to him, in 2025, the Sukha Balka mine continued to develop new horizons and updated its equipment fleet to improve safety and production efficiency. An important step was the construction of a solar power plant, which ensured the energy independence of the Frunze mine.

At the same time, he pointed to negative trends in the market, in particular the increase in imports of metal products to Ukraine and the growth of tariffs for state monopolies.

“Together with other metallurgical companies and industry associations, we are systematically working to solve these problems at the state level. Despite all the challenges facing the industry and the country as a whole today, our teams continue to work, plan, and build the future,” said the CEO of DCH Steel.

DMZ specializes in the production of steel, cast iron, rolled products, and products made from them, such as channels and angles, special profiles for mechanical engineering and the mining industry.

On March 1, 2018, the DCH Group signed an agreement to purchase the Dniprovsky Metallurgical Plant.

The Sukha Balka mine is one of the leading enterprises in the mining industry in Ukraine. It extracts iron ore using underground methods. The mine includes the Yuvileina and Frunze mines.

The DCH Group acquired the mine from the Evraz Group in May 2017.

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Government has extended ban on imports of goods from Russia until end of 2026

The Cabinet of Ministers has extended the ban on imports of goods originating from Russia into the customs territory of Ukraine until December 31, 2026.

According to Resolution No. 1707 of December 24, the government amended Cabinet Resolution No. 1147 of December 30, 2015, which is updated annually.

In addition, by Resolution No. 1706, the government extended the term of Resolution No. 1146 of December 30, 2015, which establishes import duty rates on goods originating in the Russian Federation, for another year, until December 31, 2026. These instruments have been in effect since 2015 as countermeasures in response to economic pressure that has been going on for many years.

As reported, in 2015, the Cabinet of Ministers adopted two resolutions restricting trade with Russia in response to the actions of the aggressor state against Ukraine, in particular, the unilateral termination by the Russian Federation of the Agreement on the Free Trade Area within the CIS with regard to Ukraine and the introduction of bans on the import of a number of goods of Ukrainian origin from January 1, 2016. The validity of these acts is extended every year in December.

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State Customs Service issued 1.5 mln certificates for duty-free exports to EU in 2025

To support exports of Ukrainian goods, the State Customs Service issued 1.5 million EUR.1 certificates for transportation starting January 1, 2016, with exporters of agricultural products being the main recipients, according to the agency’s press service.

The State Customs Service reminded that the presence of a EUR.1 transport certificate exempts Ukrainian goods from import duties when imported into the EU, EFTA, Montenegro, the United Kingdom and Northern Ireland, Georgia, and Israel.

According to its data, during 2025, Ukrainian producers received EUR.1 certificates mainly for the export of goods of plant origin, sunflower oil, white sugar, chicken meat, and natural honey.

The largest number of such certificates was issued for the supply of products to Poland (24%), Germany (18%), Romania (8%), Italy (5%), and the Czech Republic (5%).

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US has postponed introduction of tariffs on chip imports from China

The US will impose tariffs on chip imports from China in connection with Beijing’s “unreasonable” attempts to secure dominance in the semiconductor industry, the administration of US President Donald Trump has announced. The size of the tariffs will be announced at least 30 days before their introduction, which has been postponed until June 2027.

“China’s focus on dominating the semiconductor industry is unreasonable and burdens or restricts US trade, and therefore warrants action,” said US Trade Representative Jamison Greer in a statement.

The US authorities have been investigating Chinese chip imports for unfair trade practices throughout the year and have concluded that China has been engaging in such practices.

Beijing could use its control over the global semiconductor industry to exert economic pressure on other countries, the trade representative’s release said.

In response, the Chinese Foreign Ministry criticized the US for abusing tariffs and suppressing sectors of the Chinese economy.

Ministry spokesman Lin Jian said that the American approach harms not only global supply chains, but also Americans themselves.

“If the US continues to do things its own way, China will resolutely take appropriate measures to protect its legitimate rights and interests,” the Financial Times quoted him as saying.

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