Business news from Ukraine

Business news from Ukraine

Ukraine reduced exports of titanium ores by 96.3%

In January-September this year, Ukraine reduced exports of titanium ores and concentrate in physical terms by 96.3% compared to the same period last year, to 9,033 thousand tons.

According to statistics released by the State Customs Service, exports of titanium ores and concentrate decreased by 84.7% to $15.104 million in monetary terms.

The main exports were to Turkey (36.06% of supplies in monetary terms), Japan (21.25%) and India (6.75%).

During the period, Ukraine imported 1 ton of such ore from the Netherlands for $2 thousand.

As reported, in 2022, Ukraine reduced exports of titanium ore and concentrate in physical terms by 41.8% compared to the previous year to 322.143 thousand tons, and in monetary terms by 19.6% to $130.144 million. At the same time, the main exports were made to the Czech Republic (47.91% of supplies in monetary terms), the United States (11.94%) and Romania (9.75%).

In 2022, Ukraine imported 196 tons of similar products from Senegal (70.41%) and Turkey (29.59%) for $115 thousand.

In Ukraine, titanium ores are currently mined mainly by the United Mining and Chemical Company (UMCC), which manages Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipro region) and Irshansk Mining and Metallurgical Plant (Irshansk, Dnipro region). ) and Irshansk Mining and Processing Plant (IGOK, Zhytomyr region), as well as Mezhirichinsky GOK and Valky Ilmenite (both based in Irshansk, Zhytomyr region).

In addition, Velta (Dnipro) has built a mining and processing plant at Birzulivske deposit with a capacity of 240 thousand tons of ilmenite concentrate per year.

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Second summit of “Grain from Ukraine” program will be held in Kyiv on November 25

The second summit of the Grain from Ukraine program will be held in Kyiv on November 25, according to a press release from the Presidential Office.

As noted, on the sidelines of the third meeting of national security and foreign policy advisers in Malta, on behalf of President Volodymyr Zelenskyy, Head of the Presidential Office Andriy Yermak held a series of bilateral meetings with advisers to the leaders of Ukraine’s partner countries.

In particular, during a meeting with Spanish Prime Minister’s Advisor Emma Aparisi, Yermak “thanked the Spanish side for the significant financial support of the humanitarian initiative Grain from Ukraine and invited them to take part in the second summit of the program to be held in Kyiv on November 25 this year.”

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In Kyiv, on October 30-31, during day, up to 17-19° in afternoon

No precipitation in Ukraine on Monday, October 30. In the eastern regions, there will be fog in some places at night and in the morning, the Ukrainian Weather Center reported.

The wind is mostly southerly, 7-12 m/s, with gusts of 19-24 m/s in the Carpathians.

Temperature at night 4-9° C, in the southern and western regions 8-13°, during the day 16-21°, in the Crimea and Odesa region up to 24°; in the east and northeast at night 1-6° C, during the day 13-18°.

No precipitation in Kyiv on Monday. South wind, 7-12 m/s. The temperature will be 7-9° at night, 17-19° during the day.

According to the Borys Sreznevsky Central Geophysical Observatory. On October 30, the highest daytime temperature in Kyiv was 18.3 in 2013, and the lowest nighttime temperature was -16.7 in 1920.

On Tuesday, October 31, there will be no precipitation in Ukraine, only in the far west there will be light rain during the day. South wind with a transition to northwest, 7-12 m / s, gusts of 15-20 m / s in the Carpathians. Temperature at night 8-13°, during the day 15-20°, in the southern part up to 24°.

No precipitation in Kyiv on Tuesday. South wind with a shift to northwest, 7-12 m / s. Temperature at night 11-13°, during the day 17-19°.

Ukraine switched clocks back one hour

Ukraine switched to winter time on October 29 at 4:00 a.m. Clocks were set back one hour.
The switch to winter time is carried out in accordance with Cabinet of Ministers Resolution No. 509 “On the Procedure for Calculating Time in Ukraine” of 1996, but has been historically practiced in the country since 1981.
The prerequisites for this transition are considered to be the lengthening of daylight hours and certain energy savings. Recently, however, there have been discussions about the feasibility of such a transition, as it can lead to a disruption of circadian rhythms.
Daylight saving time (DST) is practiced twice a year in about 70 countries, including the European Union.

Yuriy Dyudin appointed as new Ambassador of Ukraine to Chile

President of Ukraine Volodymyr Zelenskyy has appointed Yuriy Dyudin as Ambassador of Ukraine to the Republic of Chile.
The relevant decree was published on the President’s website on October 27.
In addition, the President dismissed Serhiy Shutenko from the post of Ambassador of Ukraine to Greece and Yevhen Tsymbalyuk from the post of Permanent Representative of Ukraine to International Organizations in Vienna.
The decrees were signed on October 27.

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FATF does not blacklist Russia, but adds Bulgaria to gray list of countries

The FATF (Financial Action Task Force) at its plenary session on October 25-27 in Paris once again ignored Ukraine’s call to include Russia in the list of high-risk jurisdictions – the so-called “black list”.
“The suspension of Russia’s membership remains in force. Following the statements issued since March 2022, the FATF reiterates that all jurisdictions should be vigilant about the ongoing risks associated with circumventing measures taken against the Russian Federation to protect the international financial system,” the final communiqué reiterates the organization’s position on Russia.
The FATF has also updated the “gray” list of countries that are under enhanced monitoring for money laundering and terrorist financing.
The organization removed Albania, Cayman Islands, Jordan and Panama from the gray list and added Bulgaria to it.
The list also includes Barbados, Burkina Faso, Haiti, Gibraltar, the Democratic Republic of the Congo, Yemen, Jamaica, Mali, Mozambique, Nigeria, the United Arab Emirates, Senegal, South Sudan, Syria, Tanzania, Turkey, Uganda, the Philippines and South Africa.
At the same time, the FATF left the blacklist unchanged. It includes countries that require countermeasures, such as the DPRK and Iran, and countries that require enhanced due diligence commensurate with the risks (Myanmar).
Among the main outcomes of the plenary session, the FATF agreed to publish a key report on crowdfunding for terrorist financing. Members also agreed to amend FATF Recommendation 8 to clarify the measures applicable to NPOs. The FATF will also scale up its work on criminalizing terrorist financing in countries (Recommendation 5).
FATF members recognized the need for full and effective implementation of the FATF Standards in all jurisdictions. This includes the analysis and exchange of financial information on terrorist financing networks, as well as the use of financial and law enforcement tools, such as financial sanctions and confiscation, to cut off terrorists from their sources of revenue and weaken the infrastructure that these groups need to achieve their destructive goals. This also includes the designation of identified terrorists and terrorist groups in accordance with relevant UN Security Council resolutions.
In an important milestone, the press release notes, delegates also agreed on a significant set of amendments to the FATF Recommendations that will provide countries with a much more powerful toolkit of measures to deprive criminals of the proceeds of crime. To further improve global asset recovery efforts, the FATF also published a report that sets out recommendations for strengthening the role and use of Asset Recovery and Investigation Networks (ARINs) in investigating transnational money laundering cases.
The FATF also approved reports on illicit financial flows resulting from cyberspace fraud and the misuse of citizenship and residence permits through investment programs, the report said.
Following recent amendments to the beneficial ownership and transparency standards, delegates also agreed to release for public comment an updated risk-based FATF Guidance on Recommendation 25 on beneficial ownership and transparency of legal arrangements.

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