Business news from Ukraine

Business news from Ukraine

PROVIDERS OF UKRAINIAN CAPITAL START CONNECTING BOMB SHELTERS TO INTERNET

Datagroup, the provider of fiber-optic infrastructure and digital services, which bought 100% of the Volia group of companies in June 2021, launched a program to provide high-speed Internet to shelters and bomb shelters throughout the country.

“We have already connected 128 civil defense facilities in 18 regions of Ukraine to the Internet. In particular, six of them are in Kyiv. Our technicians work 24/7 to keep Ukrainians in touch, even under enemy fire,” the company said on Sunday.

Datagroup stressed that now there is a big problem of lack of communication with the outside world when Ukrainians are in basements or bomb shelters.

“Unfortunately, now we need to hide more and more often. Therefore, our company simply cannot stand aside. Our employees, despite the danger for almost a week, continue not only to repair damaged networks, but also connect bomb shelters and shelters across the country to the Internet,” the management of Datagroup-Volia said.

As reported, earlier Datagroup decided to make an advance payment in the amount of UAH 50 million in taxes.

MINING COMPANY FERREXPO DONATES $1.5 MLN TO SUPPORT COMMUNITIES

Mining company Ferrexpo plc, with assets in Poltava region in central Ukraine, has created a humanitarian fund to directly support local communities in the face of Russian military aggression, initially transferring $1.5 million to it, the company said on Monday.

“The group continues to monitor developments and will respond with additional funding as needed,” the release states.

Money from the fund are used to purchase local food with a long shelf life, replenish stocks of equipment, purchase blankets for shelters in residential areas and emergency supplies for local hospitals and medical facilities.

The report also indicates that Ferrexpo paid an advance to its more than 10,000 employees.

After the start of military aggression by Russia, Ferrexpo on February 25 announced the suspension of shipment of products due to the blocked operation of ports.

Ferrexpo in January-June 2021 received $661.4 million in net profit, which is 2.6 times higher than the same indicator in 2020 ($249.9 million). Its revenue increased by 74.3%, to $1.353 billion.

Since the beginning of the war, Ferrexpo shares have fallen in price on the London Stock Exchange by more than 2.2 times – to GBP1.107 per share.

RUSSIAN-UKRAINIAN TALKS IN BELARUS SCHEDULED FOR AFTERNOON

The talks between Russia and Ukraine in Belarus may start in the coming hours.

“The talks are scheduled to start at 3:00 p.m. Moscow time, but the time may change due to problems with the Ukrainian delegation’s logistics,” Belarusian political scientist Yury Voskresensky, who is close to the organizers of the meeting, told Interfax.

The Russian delegation has already left for Belarus, he said.

“The talks will take place in Belovezhskaya Pushcha in the Hunter’s House, where the precious round was held,” he said.

Talks between Russian and Ukrainian officials began on the Ukrainian-Belarusian border on February 28. The second round of the talks took place on March 3.

UNITED NATIONS: WAR IN UKRAINE KILLED AT LEAST 364 CIVILIANS

Losses among civilians from 04:00 on February 24, 2022, when Russia started the war against Ukraine, until 00:00 on March 5, 2022 amounted to 1,123 civilians, including 364 dead, the Office of the United Nations High Commissioner for Human Rights (OHCHR) said. “OHCHR believes that the real figures are considerably higher, especially in Government-controlled territory and especially in recent days, as the receipt of information from some locations where intense hostilities have been going on has been delayed,” the office said in the document.

According to it, this applies, for example, to Volnovakha, where hundreds of civilians were reportedly killed or wounded. They are subject to further verification and are not included in the above statistics.

“Most of the civilian casualties recorded were caused by the use of explosive weapons with a wide impact area, including shelling from heavy artillery and multi-launch rocket systems, and missile and air strikes,” the office said in the statement.

According to confirmed UN data, some 74 men, 42 women, eight boys and four girls died, while the gender of 13 children and 223 adults has not yet been determined.

Among the 759 injured, 11 girls and 2 boys, as well as 28 children, whose gender is not yet unknown.

During the day, according to the UN, the number of dead children increased by three, injured – by five.

OHCHR says in Donetsk and Luhansk regions, as of midnight March 5, there were 65 killed and 309 injured in government-controlled territory, and 23 killed and 106 injured in territory controlled by self-proclaimed “republics.”

In other regions of Ukraine under government control (Kyiv, as well as in Zhytomyr, Zaporizhia, Kyiv, Sumy, Odesa, Kharkiv, Kherson, Cherkasy and Chernihiv regions), the UN recorded 276 killed and 374 wounded.

The summary also states that according to the Presidential Commissioner for Children’s Rights and Child Rehabilitation, as of 12:00 on March 6, 38 children were killed and 71 were injured in government-controlled territory.

OHCHR also said the report of the National Police of Kharkiv region, according to which, as of 10:00 on March 5, some 126 civilians were killed in the region, including five children, and 312 people were injured.

The increase in figures in this report compared to the figures in the previous report should not be attributed only to new cases that occurred on March 5, since OHCHR also verified a number of cases that occurred in previous days during the day, according to the document.

UKRAINE STOPS EXPORT OF CORN, OATS, BUCKWHEAT, SUGAR AND SALT

The government of Ukraine has introduced zero quotas for exports subject to licensing in 2022 of corn, oats, buckwheat, millet, sugar and salt suitable for human consumption, according to government resolution No. 207 dated March 5, published on the government website on Sunday.

According to the amendments he made to resolution No. 1424 on the list of goods whose export and import is subject to licensing, and quotas for 2022, dated December 29, 2021, zero quotas were also introduced for the export of live cattle and its frozen meat, “meat and edible meat offal, salted or in brine, dried or smoked; edible meal from meat or meat offal: bovine meat” (Ukrainian Customs Commodity Classification Codes for Foreign Trade code 021020).

Earlier on Sunday, Prime Minister Denys Shmyhal said the government had decided to limit the export of a number of socially important goods and the raw materials from which they are produced, but did not specify specific product groups.

UKRAINE INTRODUCES LICENSING OF EXPORTS OF SUNFLOWER OIL, WHEAT, CORN, POULTRY, CHICKEN EGGS, SUNFLOWER OIL

Ukraine has expanded the list of goods, the export permit for which will be issued by the Economy Ministry, by five positions: from now on, the export of wheat, corn, poultry meat, chicken eggs and sunflower oil is subject to licensing. Resolution No. 207, expanding the list of exports and imports subject to licensing and quotas in 2022, was adopted by the Cabinet of Ministers of Ukraine at a meeting on Saturday, March 5.
It is clarified that licensing has been introduced for the export of wheat and meslin (a mixture of wheat and rye, Ukrainian Customs Commodity Classification Codes for Foreign Trade code 1001), corn (1005), domestic chicken meat (0207 11-0207 14), domestic chicken eggs (0407 21 00 00) and sunflower oil (1512 11 91 00).
In December 2021, the government adopted resolution No. 1424, which extended the licensing of anthracite coal exports to 2022.