The Turkish Ministry of Defense expects successful loading of grain on two more ships in the sea trade port “Chernomorsk”.
As reported on the ministry’s official Twitter page on Tuesday, the Liberian-flagged OCEAN LION vessel has already departed Chernomorsk with 64,720 tons of corn on board, destined for South Korea.
The ship under the Turkish flag RAHMİ YAĞCI is to deliver 5.3 thousand tons of sunflower meal in bulk from Chornomorsk to Istanbul.
The ministry also said that the inspection of four ships with Ukrainian grain awaiting inspection by the Joint Coordination Center (JCC) will also be carried out in the coming hours.
As reported, on July 22 in Istanbul, at the proposal of the UN, Ukraine, Turkey and UN Secretary-General António Guteres signed the Initiative for the safe transportation of grain and food from the Ukrainian ports of Odessa, Chornomorsk and Yuzhny.
Video hosting YouTube has made it possible to watch videos with automatic translation of subtitles into Ukrainian, said Minister of Digital Transformation Mikhail Fedorov.
“At meetings with Google, we have repeatedly discussed the availability of the company’s services in Ukrainian. In particular, subtitles on YouTube. Now you can watch original content from all over the world with translation into Ukrainian,” he wrote in the telegram channel.
As reported, among 76.6% of Ukrainian citizens who use social networks as a source of information, 66% choose Telegram, 61% – YouTube and 58% – Facebook.
More than 28 million Ukrainian users are registered on YouTube.
The Turkish vessel Polarnet, which left the port of Chornomorsk (Odessa region) on August 5 with 12,000 tons of corn from the Kernel agricultural holding, arrived at the Turkish port of Derince on August 8.
Kernel completed one of the most important missions – the first ship with Ukrainian grain arrived at its destination. The shipment was carried out as part of the initiative for the safe transportation of grain and food from Ukrainian ports,” the group of companies wrote on Facebook on Tuesday.
It is specified that the ship was loaded with corn at the Transbulkterminal grain terminal in Chornomorsk, which is part of Kernel. In the 2020/2021 marketing year (MY, July-June), the terminal handled 7.6 million tons of grain crops, which is 22% more than in MY 2019/2020, and became the largest in the country in terms of transshipment of agricultural products.
Agropromholding emphasized that Ukrainian agricultural exporters remain key suppliers of foreign exchange earnings to Ukraine, which is an important positive factor for the economy of the warring country.
“If we manage to maintain the trend and increase exports, farmers will not have to reduce the area under crops, and Ukraine will feel a deficit in state budget revenues,” Kernel summed up in the message.
Before the war, Kernel ranked first in the world in the production of sunflower oil (about 7% of world production) and its export (about 12%), and was also the largest producer and seller of bottled sunflower oil in Ukraine. In addition, the company was engaged in the cultivation of other agricultural products and their sale.
Its largest co-owner through Namsen Ltd. is Ukrainian businessman Andrey Verevsky with a share of 41.3%.
The agricultural holding in fiscal year 2021 (FY, July 2020 – June 2021), increased its net profit by 4.3 times compared to FY 2020 – up to $513 million, its EBITDA increased 2.1 times – up to $929 million, revenue – by 38%, to $5.65 billion.
Geographical structure of total trade in goods and services in 2021 (USD thousand)
Prime Minister Denys Shmyhal calls the preservation of macro-financial stability, financing the Armed Forces and support for people the priorities of the state budget for 2023.
“The priorities of the state budget for 2023 are maintaining macro-financial stability, financing the Armed Forces and supporting people,” Shmyhal wrote on the Telegram channel following a meeting with the team of the Ministry of Finance.
According to him, the draft state budget is drawn up taking into account the requirements of wartime: maintaining basic military and social spending, creating a rapid recovery fund, and continuing programs to stimulate the economy.
“I set the task for the Ministry of Finance to investigate the costs, especially those relating to state authorities. Everyone should clearly understand what is the real priority during the war,” the prime minister wrote.
financing Armed Forces, maintaining stability, supporting people
The World Bank Group on Monday, August 8, announced an additional $4.5 billion in grant funding to Ukraine from the United States under the PEACE project, which aims to help the government meet urgent needs caused by the ongoing war.
The United States, through the United States Agency for International Development (USAID), in coordination with the U.S. Treasury Department, is providing an additional $4.5 billion in direct budgetary support to the government of Ukraine to help mitigate the severe budget deficit caused by Putin’s brutal military aggression. USAID release.
According to him, the government of Ukraine will receive funding in tranches, starting with a payment of $3 billion in August.
The World Bank indicates that the additional funding will help maintain the government’s ability to perform core functions at the national and regional levels.
In particular, the funds will help the government of Ukraine cover social benefits, medical services and pensions that are necessary for the well-being of the country’s citizens and mitigating the social and economic consequences of the war.
“Ukraine needs the continuation of public services, including health care, education and social protection, to prevent further deterioration of living conditions and poverty,” World Bank Group President David Malpass said in the release.
He thanked the United States for its continued support through the World Bank’s rapid support mechanisms and for a generous grant that will greatly support the Ukrainian people.
The bank clarified that the additional funding is in addition to the $1.49 billion Investment Project Financing (IPF) approved in June 2022. To date, the World Bank has mobilized almost $13 billion in emergency funding, including commitments and pledges from donors, to support the continuation of essential public services in Ukraine and mitigate the effects of the war. As of the end of July 2022, more than $6.3 billion has been disbursed from this funding.
