The Joint Coordinating Center (JCC) announced that 60 vessels are expected to join the Black Sea Grain Initiative.
“Currently, 113 vessels are registered for inspection by the SKC, and another 60 are waiting to join the Black Sea Grain Initiative in Turkish territorial waters,” the SKC said in a statement.
According to the center, 97 ships waiting to leave the ports of Ukraine have already loaded more than 2 million tons of food.
The SKC reported that on October 24, four dry cargo ships left Ukrainian ports. Having received permission from the center, they transport a total of 159,662 tons of food.
The vessel Flag Lama (34,430 tons of sunflower meal and 30,673 tons of corn) is heading for China, the vessel C Faith (56,789 tons of wheat) is heading for Vietnam. Dry cargo ship BSL Calypso will deliver 23.5 thousand tons of corn to Italy and Spain, dry cargo ship MBC Daisy – 14,270 tons of wheat to Algeria.
The SKC specified that “the grain that arrived at the destination can be processed and then transported to other countries.”
“As of October 24, the total tonnage of grain and other agricultural products exported from three Ukrainian ports is 8,673,198 tons. In total, 772 ships have been allowed to move at the moment – 389 to arrive at Ukrainian ports and 383 to leave them,” – said in the message of the SKC.
On July 22, in Istanbul, with the participation of the UN, Russia, Turkey and Ukraine, a document was signed on the creation of a corridor for the export of grain from three Ukrainian ports: Chernomorsk, Odessa and Pivdenny.
The head of the House of Commons, Penny Mordaunt, withdrew her candidacy for the election of prime minister, so her rival Rishi Sunak automatically becomes the new head of the Conservative Party and, accordingly, the prime minister of Great Britain, the leadership of the British Conservative Party reported on Monday.
“Rishi Sunak has been chosen as the new leader of the Conservative Party,” said Sir Graham Brady, head of the House of Commons “1922 committee” that was in charge of the process of choosing a new leader.
Mordaunt, for her part, tweeted that she had withdrawn her candidacy for the prime ministerial election and said that thus “we have chosen our new prime minister”, noting that she fully supports Sunak.
Rishi Sunak was born in Southampton to a doctor and pharmacist on May 12, 1980. He graduated from the University of Oxford where he studied philosophy, politics and economics, and later received an MBA from Stanford University. There, the politician met his future wife Akshata Murthy, the daughter of the co-founder of the Indian multinational IT company Infosys, billionaire Narayana Murthy. Sunak managed to work in one of the largest investment banks in the world Goldman Sachs Group and hedge fund The Children’s Investment Fund Management.
In 2015, Sunak won the parliamentary elections in the Richmond constituency in West Yorkshire. He first entered the government under Theresa May in 2018, receiving the position of Parliamentary Assistant to the Minister of Housing, Communities and Local Government. Sunak voted three times for May’s EU Brexit deal, but it was rejected in 2019, largely leading to her resignation and the rise to power of Boris Johnson.
After May’s resignation, Sunak supported Johnson as the candidate for leader of the Conservative Party. Johnson came to power in 2019 and appointed Sunak to the post of deputy head of the Treasury, but already in 2020 he went on a promotion and headed the Treasury, replacing Sajid Javid in this post.
On July 5, 2022, Sunak became the second minister after Javid to resign in connection with the Johnson scandals. Three days later, Sunak announced his candidacy for the post of the new leader of the Tories and, accordingly, the Prime Minister of Great Britain. The former head of the Ministry of Finance gained the majority of votes in all rounds of the election of the head of the Conservative Party, but in the final round he lost to former Foreign Minister Liz Truss. Truss took office as prime minister, but was able to hold it for only 45 days, after which she was forced to resign.
Prime Minister Denys Shmyhal is on a working visit to the German capital Berlin.
“We are working today in Berlin, we have a busy agenda. We started it with the opening of the 5th Ukrainian-German Economic Forum with Chancellor Olaf Scholz,” Shmygal wrote on his Telegram channel.
According to him, during his speech, he focused on the prospects that will open up for European business in the process of implementing the Ukraine Recovery Plan.
In particular, we are talking about the military-industrial complex.
“We aim to create a high-tech military-industrial complex, in particular, thanks to the transfer of European and world military technologies, attracting investment in design development and building military production,” he wrote.
Also, the prime minister said at the forum that the country has a significant potential for the supply of “clean” energy and Europe’s largest gas storage facilities.
“Digital technologies. In the future, Ukraine can turn into a digital hub of Asian and European backbone Internet traffic. The agricultural sector, whose investment potential is at least $34 billion. Green Deal. We see ourselves as a climate modernized state. European investment in pure Ukrainian production is a step to the implementation of the green transition,” Shmyhal said.
On October 21, the National Bank of Ukraine resumed temporarily suspended licenses of SK EKTA LLC (Kyiv), according to the regulator’s website.
Earlier, on August 19 of this year, the National Bank applied a measure of influence to the company in the form of suspension of licenses for insurance activities for violation of mandatory financial standards (solvency, capital adequacy and risk of operations). Violations were discovered based on the analysis of the IC’s reporting for the first quarter of 2022, which the insurer had to eliminate by September 20, 2022.
The company eliminated the violations within the specified period, after which the NBU renewed the licenses, the National Bank said in a statement.
IC “EKTA” was registered in 2018 and specializes in risk insurance.
In the first half of this year, the insurer collected UAH 94.2 million of insurance payments and paid out UAH 6.5 million of insurance payments. The authorized capital is UAH 37 million.
European stock indices are mainly growing on Monday, with the exception of the British indicator.
The composite index of the largest enterprises in Europe Stoxx Europe 600 as of 12:20 Moscow time rose by 0.58% to 398.6 points.
German DAX adds 0.53%, French CAC 40 – 0.52%, Italian FTSE MIB – 0.44%, Spanish IBEX 35 – 0.8%.
The British FTSE 100 loses 0.35% in trading. The international rating agency Moody’s on Friday changed the outlook for the UK rating to “negative” from “stable” due to “growing unpredictability of the country’s political course in the face of deteriorating growth prospects and high inflation.”
At the same time, the agency’s experts noted the stability of the British economy, in connection with which they confirmed the country’s rating at the level of “Aa3”.
On Sunday, it became known that former British Prime Minister Boris Johnson will not fight for the post of leader of the Conservative Party and, accordingly, the head of the British government.
This gives ex-Finance Minister Rishi Sunak a good chance of winning, the Financial Times notes.
Other European markets are supported on Monday by signals that the Federal Reserve System (FRS) may slow down the pace of raising the base rate since December.
Meanwhile, business activity in the eurozone continues to weaken. The Composite Purchasing Managers’ Index (PMI), calculated by S&P Global, fell to 47.1 points in October, the lowest since November 2020, compared with 48.1 points a month earlier, according to preliminary data. An index value below 50 points indicates a decline in activity.
Manufacturing PMI in the euro area in October fell to the lowest since May 2020 46.6 points from 48.4 points a month earlier, the service sector indicator fell to 48.2 points from 48.8 points in September.
In Germany, the composite PMI fell this month to the lowest since the beginning of 2020 of 44.1 points from 45.7 points in September. Indicators of activity in the industrial sector and in the service sector of Germany fell to lows, respectively, since June and May 2020.
In France, the composite PMI fell to 50 points from 51.2 points in September, the index of activity in the industrial sector fell to its lowest level since May 2020. In the UK, the composite indicator fell to 47.2 points from 49.1 points, industrial PMI also fell to its lowest level since May.
The focus of traders this week is the reporting of companies such as HSBC, Credit Suisse, TotalEnergies (SPB: TOT), Unilever and Mercedes-Benz. A total of 118 Stoxx Europe 600 companies will release reports this week.
Shares of Philips lost 2.6% in trading on Monday. The Dutch consumer goods and medical device maker posted a net loss in the third quarter of 2022, worse than analysts’ consensus.
Philips intends to urgently take measures to reduce operating costs, including by cutting about 4,000 jobs worldwide. In addition, it plans to attract a credit line in the amount of 1 billion euros.
Credit Suisse rose 1.4%. A Swiss bank said on Monday it would pay 230 million euros to settle a long-standing case in France concerning violations in cross-border transactions.
Among the growth leaders in Germany are shares of RWE (+1.9%), E.ON (+1.5%), Deutsche Bank (+1.6%), Merck (+1.4%), in France – Engie (+1.6%), STMicroelectronics (+1.56%) L’Oreal (+1.3%).
Shares of Anglo American (-2.8%), Shell (SPB: RDS.A) (-2%), Glencore (-2%), Rio Tinto (-2%), BHP Group (-1.95) are getting cheaper in the UK %), HSBC (-1.5%).
The National Anti-Corruption Bureau of Ukraine (NABU) has put three defendants in the Ukrgasbank (Kyiv) case on the wanted list, including the former head of the National Bank of Ukraine (NBU) Kirill Shevchenko.
“NABU is looking for three officials of JSB Ukrgasbank involved in the theft of more than UAH 200 million. We are talking about the ex-chairman of the board of Ukrgasbank, one of the deputies of Ukrgasbank and the deputy director of the department for working with corporate VIP clients of this state institution,” the press reports. – NABU service.
It is specified that, in addition to Shevchenko, the former head of the NBU, who previously held the post of chairman of the board of Ukrgasbank, Denis Chernyshov, deputy head of the board of the bank, and Olena Khmelenko, deputy director of the department for working with corporate VIP clients, have been put on the wanted list.
It is noted that they were notified of suspicion in early October, but in a special order, since the location of these persons was unknown. Since then, the suspects have ignored calls to the investigator, which is why they were put on the wanted list.
As reported, the anti-corruption authorities of Ukraine exposed the illegal activities of officials of the state-owned Ukrgasbank. Five main defendants in this crime were notified of suspicion, among which was Shevchenko.
According to the prosecutor’s office, it was established that the management of Ukrgasbank, having information about banking service agreements concluded with large customers, used it to steal money.
“For this purpose, bank officials ensured the conclusion of fictitious contracts with individuals and legal entities, who allegedly, being the bank’s “agents”, attracted large clients to it. For such “agent services”, the bank illegally paid “remuneration” to these persons on a monthly basis, “they explained then in the Specialized Anti-Corruption Prosecutor’s Office.
The investigation found that during 2014-2020. under this scheme, 52 fictitious agents were groundlessly transferred funds from the state bank in the amount of more than UAH 206 million.
On October 4, Shevchenko announced his resignation from the post of head of the NBU for health reasons. The Rada appointed him to this seven-year term on July 16, 2020, before that he headed the board of the state-owned Ukrgasbank.
On October 7, 2022, the Verkhovna Rada appointed Andriy Pyshny, ex-head of Oschadbank, to the post of head of the NBU.
