Oil prices went from falling to rising during trading on Monday due to renewed concerns about a lack of supply in the global market and supply disruptions.
September futures for Brent on London’s ICE Futures exchange rose by $1.1 (1.07%) to $104.3 per barrel by 13:52 Moscow time.
Quotes of futures for WTI for September in electronic trading on the New York Mercantile Exchange (NYMEX) by the specified time increased by $1.14 (1.2%) – up to $95.84 per barrel.
Last Friday, Brent fell 0.6%, WTI – 1.7%.
Quotes support traders’ fears about the reduction in Russian oil exports due to Western sanctions, writes CNBC.
In addition, the market’s attention this week is drawn to the meeting of the Federal Reserve System (FRS), as a result of which the US Central Bank may again significantly increase the base interest rate. A serious tightening of monetary policy by the Fed, according to many experts, could lead to a recession in the US economy.
The German sportswear and footwear retailer Adidas has reopened four stores in Ukraine, excluding retail outlets in Kyiv, the Ukrainian Retailers Association (RAU) has reported.
According to her, the Adidas & Reebok discount center in the Spartak shopping center and a separate chain store in Lviv, retail outlets in Uzhgorod and the Global shopping center in Zhytomyr have reopened. The online store has also reopened.
At the same time, the retailer did not provide information about the reopening of stores in Kyiv, the association notes. The official website of Adidas in Ukraine states that 18 stores in the capital are “temporarily closed”.
In Ukraine, the chain is managed by SE “Adidas-Ukraine”, owned by Adidas AG. According to the financial results of the DP for 2020, its revenue amounted to UAH 1.4 billion, net profit – UAH 58.5 million.
German Interior Minister Nancy Feser and Social Affairs Minister Hubertus Heil arrived in Ukraine on a visit, Spiegel reported on Monday.
“At the beginning of their journey, the politicians wanted to visit the war-torn city of Irpen,” the report says.
It is noted that for Feather and Heil this is the first visit to Ukraine since the beginning of a full-scale Russian invasion. In addition to the visit to Irpen, meetings are also planned with Ukrainian politicians, including with the Minister of Internal Affairs of Ukraine Denis Monastyrsky, the head of the State Emergency Service of Ukraine Serhiy Kruk, First Vice Prime Minister – Minister of Economy Yulia Sviridenko, Minister of Social Policy Oksana Zholnovich and Mayor of Kyiv Vitaliy Klitschko.
The State Agency for Highways of Ukraine (Ukravtodor), which placed its debut Eurobonds worth $700 million at a rate of 6.25% last June under state guarantees, after Ukraine announced a proposal for a two-year deferral of payments on its Eurobonds, is now time is also evaluating options for managing its obligations.
“After this assessment is completed, it is likely that bonds will be followed by a similar liability management exercise in the near future,” Ukravtodor said in a London Stock Exchange announcement on Monday.
Ukraine, in its offer to holders of its sovereign bonds to defer payments on them for two years, indicated that it expects a similar offer from state NPCs Ukrenergo and Ukravtodor for their Eurobonds issued under state guarantees.
In November last year, Ukrenergo placed, under state guarantees, debut five-year “green” Eurobonds worth $825 million with a yield of 6.875% and interest payments twice a year. The proceeds from the issue of Eurobonds were used to pay for electricity produced by RES generation.
As reported, on July 20, Ukraine proposed to holders of Eurobonds from August 1 to defer all payments on them and maturities for two years, while maintaining the current rates of return.
In addition, Ukraine’s international partners within the G7 and the Paris Club of creditors announced their readiness to suspend the payment of Ukraine’s debt until the end of 2023 with the possibility of extending the deferment for another year. They also urged private lenders to accept Ukraine’s offer to defer payments on its Eurobonds and change the terms of its GDP warrants.
According to the website of the Frankfurt Stock Exchange, on Friday, July 22, Eurobonds of Ukravtodor were quoted at a price of 17.64% of the face value, which is slightly lower than the quotations of sovereign Eurobonds of the same maturity year (about 20%).
Cash exchange rates in banks of regions of Ukraine
| Region | USD1 | EUR1 | |||
| Buying | Selling | Buying | Selling | ||
| Min | 27.50 | 38.80 | 36.75 | 39.00 | |
| Kyiv | Max | 38.50 | 39.70 | 38.90 | 40.50 |
| Average | 37.91 | 39.19 | 38.13 | 39.63 | |
| Min | 37.00 | 39.00 | 37.50 | 39.50 | |
| Odessa | Max | 38.00 | 39.80 | 38.00 | 40.80 |
| Average | 37.50 | 39.43 | 37.83 | 40.07 | |
| Min | 37.50 | 38.80 | 37.70 | 39.48 | |
| Lviv | Max | 38.70 | 39.49 | 39.05 | 40.30 |
| Average | 38.34 | 39.14 | 38.62 | 39.70 | |
| Min | 36.57 | 37.57 | 37.27 | 38.30 | |
| Kharkiv | Max | 37.50 | 38.80 | 38.10 | 39.60 |
| Average | 37.04 | 38.19 | 37.69 | 38.95 |
The musicians of the American group Imagine Dragons have become ambassadors of the UNITED 24 national brand platform and will promote the direction of medical care, President of Ukraine Volodymyr Zelenskyy said.
“The legendary Imagine Dragons have become ambassadors of the @u24_gov_ua platform. The group will promote the direction of medical care. And first, they will support the ambulance fundraiser launched by @FirstLadyOfUkraine,” the president wrote on his telegram channel on Friday evening.
Zelensky thanked the group for supporting Ukraine.
“In 2018, you visited our country for the first time. In 2022, you continue to do your best to make the voice of Ukraine sound throughout the world. Thank you for this!” he wrote.
As reported, on May 18, 2022, Zelensky signed a decree on the establishment of the UNITED 24 national brand and congratulated the first ambassador of this brand, the legendary Ukrainian football player and coach Andriy Shevchenko.
On June 7, the Ministry of Youth and Sports opened a special account with the National Bank of Ukraine for donations as part of the UNITED24 recovery fund initiative.
