The National Bank of Ukraine has cancelled licenses for four financial companies and one credit union, and excluded two credit unions from the State Register of Financial Institutions, according to the regulator’s website.
According to the NBU, the decisions of December 12, all licenses of Holastis Financial Company LLC, Maximum Financial Company LLC and Credit Finance Ukraine Financial Company LLC have been annulled.
As reported, on October 19, 2022 the mentioned institutions have been applied sanctions in the form of temporary suspension of licenses to provide financial services due to non-provision of information and documents about the ownership structure requested by the National Bank of Ukraine. As of the moment of taking decision on cancellation of licenses the violations have not been eliminated.
Besides, LLC “FC “Plaza Inves” has its license for provision of financial leasing services revoked due to failure to provide any financial service under this license during 12 months since the day of its issuance.
CC “Ukrainian Oshchad Center” is also excluded from the State Register of financial institutions due to the cancellation of all previous licenses and CC “Elliada” on the basis of its own application, guided by the special procedure during martial law.
The Verkhovna Rada has passed a new draft law “On the media.”
A total of 299 people’s deputies voted for the relevant draft law No. 2693-d at the plenary session of parliament in Kiev on Tuesday, parliamentarian Yaroslav Zheleznyak (Golos faction) said on his Telegram Channel.
The bill defines the legal framework for the activities of entities in the media sector in Ukraine, as well as the basis of state administration, regulation and supervision (control) in this area.
In particular, the legislative field introduces the concept of “online media”. Voluntary registration, which guarantees legislative protection, is envisaged for them.
According to the Draft Law, if a registered subject in the sphere of online media commits a gross violation, the regulator applies a fine to it. In case of a second or third gross violation within one month after the application of the fine, the decision on which has not been cancelled in accordance with the procedure established by law, a fine of double the amount is imposed.
There is a ban on the distribution of registered online media by court order – this measure applies in the case of a fourth gross violation within one month, if for the previous similar violations fines were applied, the decisions on which have not been canceled in the prescribed manner by law.
The bill also provides for a temporary ban on the distribution of unregistered online media, which is 14 calendar days. The temporary ban is applied in case of a significant violation, if within one month five fines were applied to the subject for such violations and the decision on them has not been canceled in the manner prescribed by law.
As reported, MPs passed the bill in the first reading on August 30. During the preparation of the document for the second reading MPs submitted 2332 amendments and suggestions.
Ukrainian President Vladimir Zelensky has called on French business to invest in the Ukrainian food industry.
Speaking by video link at the “Solidarity with the Ukrainian People” conference in Paris on Tuesday, Zelensky recalled that this year “through joint efforts we managed to stop the unfolding of the global food crisis.”
“We have already exported more than 13 million tons of grain. Thanks to our Grain from Ukraine initiative, we will help the poorest countries,” he said.
“But we also send humanitarian cargo to export, mostly raw materials, and we can send processed products. Right now there is a need to build a whole industry that will be export-oriented and definitely have consumers, and definitely give profit,” Zelensky said.
It would be right, he said, “if French business has already assessed the prospects and came to Ukraine. The same is in the energy, machine building, defense industry, transport and other industries.
Oil prices rose for the second consecutive session on expectations of increased demand in China as a result of easing quarantine restrictions while supply in the market decreased due to the closure of the Keystone oil pipeline.
Canada’s TC Energy, which suspended operation of the pipeline last week, is troubleshooting the issues and has not yet presented a plan to bring Keystone back online.
The shutdown of the pipeline, which connects oil fields in southern Canada and refineries in the U.S. Gulf Coast, reduced global supply by 600,000 barrels per day (bpd), while “the supply-demand balance there was already weak,” said Manish Raj, chief financial officer of Velandera Energy Partners, cited by Market Watch.
The price of February futures for Brent crude oil on London’s ICE Futures exchange is $79.12 a barrel by 7:10 a.m. CST on Tuesday, up $1.13 (1.45%) from the previous session’s close. Those contracts rose $1.89 (2.5%) to $77.99 a barrel at the close of trading on Monday.
The price of WTI futures for January oil grew by $1.01 (1.38%) to $74.18 per barrel at electronic trades of New York Mercantile Exchange (NYMEX). By the close of preious trading the cost of those contracts rose by $2.15 (3%) to $73.17 a barrel.
Both types of oil finished last week at their lowest level since December 2021, losing more than 11% over the week.
China’s ambassador to the United States, Qin Gang, said Monday that Beijing would continue to ease quarantine restrictions and expect to see an increase in foreign tourist arrivals in the near future. But the incidence of COVID-19 in the country continues to rise, and experts at the consulting firm FGE warned of the possibility of an unexpected tightening of restrictions by Beijing.
“Investor optimism about China’s easing of covey measures and likely increase in oil demand outweighs fears of a downturn in other parts of the world,” said Vishnu Varathan, an analyst at Mizuho Bank Ltd. in Singapore, quoted by Bloomberg.
The government has given the Ukrainian dairy sector enterprises priority in power supply, now. dairy plants will receive electricity next after critical infrastructure facilities and enterprises of the military-industrial complex
According to the website of the industry association “Union of Dairy Enterprises of Ukraine” (SMPU), giving the industry priority in power supply speaks to the government’s recognition of the importance of dairy processing for the country’s food security.
“UMSU thanks Prime Minister Denis Shmygal for giving dairies priority in determining groups with priority power supply. Milk processing plants are categorized as a business that produces critical goods and products and are included in the third highest priority group, after critical infrastructure groups and facilities that work for national defense,” the organization said in a statement on its website.
The JMPU also asked the government to accelerate the provision of generators to dairy companies on terms that would ensure the availability of this equipment and help the industry maintain uninterrupted operation in conditions of power outage.
As previously reported, the SMPU urged the Ministry of Energy and NEC “Ukrenergo” to agree on the schedule and amount of electricity supplied to the dairy processing enterprises of the industry, in order to maintain the milk production and processing industries and prevent a reduction of livestock.
In early November, the association appealed to the Office of the President, the regional military administrations (RMA), the Ministry of Energy, the Ministry of Economy and the Ministry of Agricultural Policy with a request to provide uninterrupted power supply to the dairy plants. This is necessary because the enterprises, due to regular blackouts, are at risk of spoiling hundreds of tons of raw milk, or they will be forced to stop buying raw milk, which may force the related branch of milk production to reduce the number of cows.
Dynamics of changes in population of Ukraine from 1991-2022
SSC of Ukraine
