Business news from Ukraine

Business news from Ukraine

VOLUMES OF CARGO TRANSPORTATION IN JAN- NOV 2021, MLN TONS

Volumes of cargo transportation in jan- nov 2021, mln tons

CABINET OF MINISTERS WILL DIRECT UAH 1 BLN FROM RESERVE FUND TO RESTORE LIBERATED TERRITORIES

The Cabinet of Ministers is allocating the first billion hryvnia from the Reserve Fund to restore the territories liberated from Russian troops, Prime Minister Denys Shmyhal said.

“The funds will be used to eliminate the consequences of hostilities and the priority restoration of infrastructure,” Shmyhal wrote on the Telegram channel on Sunday.

According to him, UAH 400 million is allocated for the Kiev region, UAH 250 million each for Chernihiv and Sumy regions, and another UAH 100 million for the Zhytomyr region.

The Prime Minister noted that the funds will be used to repair engineering networks and systems for the restoration of heat, gas, water, electricity, as well as to dismantle the destruction, repair roofs, replace windows and doors, eliminate potholes on roads and other urgent needs.

The funds will be managed by the civil-military administrations in each region. On the part of the government, the process will be coordinated by the Ministry of Development of Communities and Territories.

“This is only the first stage, and there is still a lot of work to be done on the capital restoration of our country. We will start this immediately after the victory,” Shmyhal stressed.

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FINLAND READY FOR NEW SANCTIONS AGAINST RUSSIA

Finland is ready to tighten sanctions against the Russian Federation in connection with the aggression against Ukraine, Prime Minister Sanna Marin said in an interview with Yle Ykkösaamu.
“Every day people die in Ukraine. We have to make the war stop. We have to be prepared to be flexible in our own daily lives,” she said.
“Finland supports tougher sanctions, including those covering energy policy,” she explained, adding that rising energy prices would not deter sanctions.
“45 days of war is 45 days more than necessary. Russia is waging a dishonorable war, cruel and inhumane, and it must stop,” Marin said.

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CABINET OF MINISTERS OF UKRAINE CREATES WORKING GROUP TO PROTECT UKRAINIANS WHO HAVE GONE ABROAD

A working group has been created in the Cabinet of Ministers of Ukraine to protect Ukrainian citizens who have gone abroad during the war.

“On April 9, at a government meeting, a resolution was approved on the creation of a working group to protect the rights and freedoms of citizens of Ukraine located on the territory of the EU member states and other states as temporarily displaced persons. The co-chairs of the working group were appointed Vice Prime Minister for European and Euro-Atlantic Integration Olha Stefanyshina and Minister of Social Policy Marina Lazebnaya,” the government’s press service said in a statement.

It is noted that among the tasks of the working group: the use of the Diya application in the process of making social, compensation and other payments; cancellation of roaming charges when using mobile communications abroad; providing digital consular registration of citizens during their stay abroad; provision of educational services in Ukrainian; strengthening protection mechanisms against human trafficking; creating opportunities for citizens outside of Ukraine to obtain or confirm all necessary documentation; establishing cooperation between law enforcement agencies, social protection and migration authorities of Ukraine with the relevant authorities in the EU Member States; facilitating the rapid recognition of professional qualifications and other issues.

ZELENSKY DISCUSSED ANTI-RUSSIAN SANCTIONS AND SUPPORT FOR UKRAINE WITH GERMAN CHANCELLOR SCHOLZ

President of Ukraine Volodymyr Zelensky during a telephone conversation with German Chancellor Olaf Scholz discussed, in particular, anti-Russian sanctions, defense and financial support for Ukraine.
“Had a phone call with @OlafScholz. They stressed that all those responsible for war crimes must be identified and punished. We discussed anti-Russian sanctions, defense and financial support for Ukraine,” Zelensky tweeted.

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UKRAINE IMPOSES COMPLETE EMBARGO ON IMPORT OF GOODS FROM RUSSIA

The Cabinet of Ministers of Ukraine supported a decision to impose a complete embargo on imports of goods from the Russian Federation, the Ministry of Economy said on Sunday, citing First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko.
“Such a decisive step by Ukraine can serve as an example for our Western partners and will encourage them to increase sanctions against Russia. Including the energy embargo and the isolation of all Russian banks,” she is quoted as saying.
According to the Ministry of Economy, the embargo on Russian imports will block foreign exchange earnings in the Russian Federation by $6 billion annually.
As reported, President of Ukraine Volodymyr Zelensky on April 6 instructed the government to formalize the termination of trade between Ukraine and Russia.
According to the State Customs Service of Ukraine, last year the trade turnover between the countries increased by 38.7%, to $10.09 billion from $7.28 billion.
In particular, imports increased by 45.9%, to $6.65 billion from $4.56 billion, while exports – by 26.5%, to $3.44 billion from $2.71 billion.
According to the State Statistics Service, imports from the Russian Federation to Ukraine increased last year by 33.9%, to $6.08 billion, while exports to the Russian Federation increased by 26.2%, to $3.41 billion.
The main import items from the Russian Federation last year were oil and oil products – $3.43 billion (an increase of 33.5%), engineering products – $418.3 million (21.7% up), plastics and polymeric materials – $351.6 million (61.7% up), ferrous metals – $301 million (64.7% up), products of inorganic chemistry – $161.6 million (83.6% up), aluminum and aluminum products– $137.6 million (54.5% up), rubber – $126.4 million (34.8% up), glass and glass products – $115 million (65.7% up), and various chemical products – $99.1 million (85.6% up).
This list also includes nickel and nickel products – $94.1 million (83.3% up), means of land transport (except railway) – $84.5 million (56.3% up), electric machines – $81.7 million (28.4% up), ferrous metal products – $73.5 million (58.3% up), organic chemical compounds – $70.2 million (19.5% up), cardboard and paper – $59.3 million (38.2% less), and essential oils – $53.4 million (9.2% up).
In the overall structure of Ukraine’s imports, Russia accounted for 8.4%, exports – 5%.

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