Business news from Ukraine

Business news from Ukraine

NATO UKRAINIAN MISSION STAFF TRANSFERRED TO LVIV, BRUSSELS

The NATO leadership has decided to transfer the personnel of its Ukrainian mission to Lviv and Brussels in connection with Russia’s invasion of Ukraine, Oksana Musiyenko, press officer of the NATO Information and Documentation Centre, told Suspilne.
“NATO and allied countries are monitoring and assessing the situation very closely and continue to take all necessary measures. The safety of our personnel is a top priority, so the personnel have been transferred to Lviv and Brussels,” Musiyenko said.
At the same time, she noted that NATO offices in Ukraine continue to work.

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UKRAINIAN BUSINESS WORRIES ABOUT MISSED DEADLINE FOR FILING EMISSIONS REPORTS

Representatives of Ukrainian business faced difficulties in implementing a system for monitoring, reporting and verifying greenhouse gas emissions, the European Business Association (EBA) said.
In particular, there is a shortage of verifiers to validate the emissions data of about 400 companies for a month and a half, according to its statement on Friday.
The EBA said that under the law on greenhouse gas emissions, companies must submit the first verified reports along with approved monitoring plans for the recent year by March 31, 2022. To date, according to ISO 14065:2015 national standard, only three verifier companies have been accredited, and two of them have appeared in the last two weeks, association said.
The EBA believes that in the current situation it will be necessary to extend the deadlines for submitting reports or provide conditions for the temporary submission of unverified reports.
According to the association, these negative aspects may lead to the application of sanctions against companies, in particular, by the State Environmental Inspectorate. Therefore, the EBA considers it expedient “to exclude the relevant issues on the subject of inspections of environmental inspectors.”
“Only verified data on CO2 emissions will allow companies to prove the effectiveness of the measures taken to decarbonize production and maintain a competitive position in the European market… That is why the European Business Association turned to the Prime Minister with a request to intervene and facilitate the involvement of all stakeholders in the dialogue: business, the Ministry of Ecology, State Environmental Inspectorate,” coordinator of the Committee for Industrial Ecology and Sustainable Development of the European Business Association Olha Boiko said.
In addition, businesses need to clarify the mechanism for calculating and paying the eco-tax for carbon emissions in order to create a full-fledged emissions trading system in Ukraine, the association said.
“If earlier there was no clear unified methodology for calculating emissions, now after the introduction of unified approaches, the data of some companies may change significantly,” the EBA said.

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BIDEN: USA DOESN’T SEND TROOPS TO UKRAINE, BUT HELPS FINANCIALLY

The United States does not intend to send its military to Ukraine, but provides financial assistance, U.S. President Joe Biden has said.
“We will not send troops in to fight in Ukraine, but we will continue to support the Ukrainian people. Some $460 million in aid: from Javelin missiles to ammunition. Also, $100 million is humanitarian aid and economic support for Ukraine,” Biden said during a press conference from the White House on Friday.
He added that earlier the United States had announced $100 million in guarantees a week earlier.
“Thus, the United States will provide assistance to the Ukrainian people,” he said.

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UKRAINIAN EXPORT OF FERROALLOYS GOES DOWN BY 8%

Ukraine in January of this year reduced the export of ferroalloys in quantity terms by 7.9% compared to the same period last year, to 41,830 tonnes.
According to statistics published by the State Customs Service, in monetary terms, the export of ferroalloys increased by 67.9%, to $79.918 million.
At the same time, the products were mainly exported to Algeria (13.68% of supplies in monetary terms), the Netherlands (13.27%) and Poland (11.01%).
In addition, in January, Ukraine imported 10,811 tonnes of these products, which is 4.5 times more compared to January 2021. In monetary terms, imports increased 4.6 times, to $30.605 million.
The products were mainly imported from Norway (53.69%), Brazil (16.60%) and Kazakhstan (9%).

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UKRAINIAN ELECTRICITY GENERATION GOES UP BY 5.7%

Electricity generation in Ukraine’s Integrated Power System increased by 5.7% (814.9 million kWh) in January 2022, year-over-year, to more than 15 billion kWh, according to the Energy Ministry of Ukraine.
Nuclear power plants (NPPs) increased electricity generation by 25.9% last month to over 9 billion kWh. In particular, generation at Zaporizhia NPP amounted to over 4 billion kWh (12.9% more compared January 2021), Yuzhnoukrainsk NPP to over 2 billion kWh (44.1% more), Rivne NPP to over 1 billion kWh (18.7% more) and Khmelnytsky NPP to more than 1 billion kWh (63.6% more).
Thermal power plants (TPPs), as well as combined heat and power plants (CHPPs) and cogeneration plants reduced their generation by 21.8% to 4.393 billion kWh. In particular, the generating companies of TPPs reduced generation by 15.6% to 3.432 billion kWh, CHPPs and cogeneration plants by 37.9% to 961 million kWh.
Hydro and pumped storage power plants (HPPs and PSPPs) increased generation by 4.1% to 762 million kWh, while power plants decreased by 24.9% to 108 million kWh.
Electricity generation from alternative sources (wind farms, solar power plants, biomass) increased by 29.6% to 837.6 million kWh.

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