Ukraine’s exports by world region in 2022
Source: Open4Business.com.ua and experts.news
Lithuania together with Great Britain, Norway, the Netherlands, Denmark, Sweden and Iceland took part in the purchase of air defense equipment for Ukraine worth a total of EUR 107.5 million, the Lithuanian Ministry of National Defense said on its website.
“Lithuania constantly finds various ways to support Ukraine. The air defense assets purchased by seven countries will strengthen Ukraine’s ability to protect critical infrastructure, civilians and soldiers,” National Defense Minister Arvydas Anušauskas said.
According to the ministry, Lithuania’s contribution to this purchase will amount to EUR 6 million.
The Lithuanian Defense Ministry notes that the purchase of air defense equipment for Ukraine is the first of five planned support packages in the second round of purchases by the International Fund for Ukraine (IFU). At the first stage, the IFU is buying combat and reconnaissance drones, which will arrive in Ukraine as early as this summer.
The UK, which manages the IFU, has pledged an additional EUR292m to the fund in the near future.
Oil prices are falling Thursday on data about a significant increase in U.S. inventories and signals that the Federal Reserve (Fed) has not yet ended its cycle of monetary policy tightening, despite a break in the rate hike at its June meeting.
The U.S. central bank kept rates in the 5-5.25 percent annual range at the end of Wednesday’s two-day meeting. Median forecasts from Fed policymakers suggest the rate will be 5.6% by the end of 2023 and 4.6% by the end of 2024.
August Brent crude futures on London’s ICE Futures exchange are at $73.01 a barrel by 8:05 a.m. Thursday, down $0.19 (0.26%) from the previous session’s closing price. Those contracts fell $1.09 (1.5%) to $73.2 a barrel on Wednesday.
The price of WTI futures for July oil fell by $0.17 (0.25 percent) to $68.1 per barrel at electronic auctions of New York Mercantile Exchange (NYMEX) by that time. The contract value fell by $1.15 (1.7%) to $68.27 per barrel at the end of previous session.
The pressure on the market caused by an increase in stocks is exacerbated by risks of weakening demand as a result of Federal Reserve policies, said Mizuho Bank Ltd. Vishnu Varathan, cited by Market Watch.
U.S. commercial oil inventories rose 7.92 million barrels to 467.12 million last week, the Energy Department said Wednesday. Commodity gasoline reserves rose 2.11 million barrels and distillates rose 2.12 million barrels.
Stocks at the Cushing terminal, where Nymex-traded crude is stored, rose by 1.5 million barrels last week, to a two-year high.
Zaporizhgas gas transmission system operator JSC announced a tender for voluntary motor vehicle insurance (hull insurance) and voluntary property insurance on June 13, according to the Prozorro electronic procurement system.
Expected tender price for hull insurance is UAH 85,4 thousand, for property insurance – UAH 147 thousand.
The last day to apply for participation is June 22.
Dynamics of export of goods in 2021-2022
Source: Open4Business.com.ua and experts.news
Export changes in % to previous period in 2022-2023
Source: Open4Business.com.ua and experts.news
