A meeting between U.S. President Joseph Biden and Russian President Vladimir Putin, scheduled for June 16 in Geneva, will be devoted to developing rules for their confrontation that are manageable and predictable for both sides, both in Ukraine and on a number of other international issues, political scientist believes, Director of the Institute of Global Strategies Vadym Karasiov said.
“The point of the Biden-Putin meeting will be to develop rules for the confrontation between the United States and Russia so that this confrontation is manageable. This also applies to Ukraine, judging by Putin’s recent interview. It should be understood that Ukraine remains for a long time a territory where the interests of the United States and Russia will come into contact. It is important for Biden and Putin to understand the limits of this influence and to make the overlapping of their interests more predictable and manageable and not turn into direct or even military clashes,” “Karasiov told Interfax-Ukraine.
According to him, it will also be important for the Russian President to hear from the U.S. President about his plans to provide Ukraine with the NATO Membership Action Plan (MAP).
According to political scientist, Director of the Ukrainian Barometer sociological service Viktor Nebozhenko, “one should not expect sensations from the meeting between Biden and Putin, although the background itself and the upcoming negotiations will be quite sharp.”
“There are exaggerated expectations against an overly aggressive background. Biden fears the Republican party, which, criticizing him, is gaining strength. In turn, Putin fears losing control over gas transit, as once happened with Gorbachev [Soviet President Mykhail Gorbachev]. As a result of their meeting, there will be no easy decisions on certain issues. There will be an intricate text of the communique, a general press conference, but we will not get something that would give us the opportunity to draw quick conclusions,” Nebozhenko said.
According to the political scientist, “sensations should be expected by the autumn.” “After Putin and Biden, other players will come to the fore, namely, China, the EU countries, even Ukraine, each with its own political party.”
According to expert of Hardarika Strategic Consulting Corporation Kostiantyn Matviyenko, in the conversation between the presidents of Russia and the United States around Ukraine, the key issue will be the Nord Stream 2 gas pipeline on the bottom of the Baltic Sea.
“They will try to find such a mechanism so that Russia does not ‘lose face’ in the gas pipeline construction, and the United States can show that they ensure the security of Ukraine,” he told the agency.
Matviyenko said the leaders of Russia and the United States will focus, in addition to Ukraine, on the issue of resuming the nuclear deal with Iran, the Russian initiative to ease sanctions, “since they are” hitting “its technical capabilities in the military sector,” as well as Russia’s access to world food markets and seeking informal quota arrangements.
According to PhD in Political Science, political scientist Ihor Petrenko, the talks between the presidents of the United States and Russia “will most likely focus on environmental issues, since it is in this that they can reach consensus and progress.”
“If you recall, Putin devoted a significant part of his address to the Federal Assembly in April to ecology. It was a kind of pass towards Biden. And ecology is one of the electoral promises of the U.S. leader, important for his political agenda,” he told Interfax-Ukraine.
The decline in Ukraine’s GDP in January-April 2021 slowed down to 0.2%, according to an estimate by the Ministry of Economy.
“The Ministry of Economy estimates a slight decrease in GDP at 0.2% (a 2% drop in the first quarter of 2021, by 4.9% in the four months of 2020),” the ministry said in its review of economic activity in April this year, posted on its website.
The mobile operator lifecell in May launched 4G mobile communications in 343 settlements in all regions of Ukraine.
According to the operator’s statement, in general, as of the end of May, 10,911 settlements were connected to the lifecell 4G network, where a total of more than 27.9 million people live.
In May, the lifecell network was expanded in 343 settlements, where 196,000 Ukrainians live. Of these, 339 with a population of up to 5,000 people, and four with up to 25,000 people.
“With the deployment of the network, the consumption of data traffic has also grown. Thus, lifecell subscribers who use 4G consumed 81% more mobile Internet traffic in May, compared to the same period in 2020,” the operator said.
As of the end of May 2021, the leaders in the use of lifecell mobile Internet were:
– up to 5,000 people – Baturyn (Chernihiv region);
– up to 25,000 people – Zdolbuniv (Rivne region);
– up to 50,000 people – Fastiv (Kyiv region);
– up to 100,000 people – Uman (Cherkasy region);
– up to 500,000 people – Vinnytsia;
– up to 1 million people – Zaporizhia.
In the category of cities with a population of more than 1 million people, the first place is occupied by Kyiv, followed by Odesa and Kharkiv.
China is interested in increasing the supply of Ukrainian soybeans, peas, barley, wheat, as well as poultry and other products, the Ministry of Economy said, following a meeting between First Deputy Prime Minister – Minister of Economy Oleksiy Liubchenko and Chinese Ambassador to Ukraine Fan Xianrong on June 10. “Today we’ve heard from our Chinese partners confirmation of interest in deepening economic cooperation, increasing exports of Ukrainian agricultural products, building infrastructure and implementing joint investment projects in transport, construction, energy, IT and other areas,” the press service of the ministry said citing Oleksiy Liubchenko.
According to the report, the meeting was also attended by Deputy Minister Volodymyr Hryniuk and Deputy Minister-Trade Representative of Ukraine Taras Kachka, as well as representatives of the leadership of the Chinese Embassy in Ukraine.
The parties also noted the importance of signing an intergovernmental agreement on deepening cooperation in the construction of infrastructure in the near future, the ministry said.
“This step will allow starting preparatory work for the launch of investment projects, including the construction of the M-22 Poltava-Oleksandriya road and the first part of the Kyiv circular road – sections M05-M06, which will cost about $ 1.1 billion,” the ministry said.
It is also important to continue work on the development of freight traffic in the direction of China-Western Europe through the territory of Ukraine, the report notes.
In addition, the Chinese side stressed the importance of the implementation of the intergovernmental initiative of Ukraine and China “One Belt-One Road.” The matter concerns preparing a roadmap for the implementation of a program of cooperation between the two countries within the framework of the joint construction of the “Silk Road Economic Belt” and “21st Century Maritime Silk Road,” the ministry added.
Rating agency Expert-Rating has affirmed the financial stability rating of the agricultural holding KSG Agro S.A. at the level of “uaA +” on the national scale, according to the agency’s website.
The agency notes that a borrower or a separate debt instrument with a “uaA +” rating is characterized by high creditworthiness compared to other Ukrainian borrowers or debt instruments.
According to the agency’s data, as of March 31, 2021, the share of loans in the liabilities of KSG Agro was 47.70%, of which short-term loans – 5.12%, and long-term loans – 42.58%.
As of the beginning of 2021, the equity capital of KSG Agro S.A. covered loans from banks by 44.16% and by 19.64% – the total volume of loans from banks and the parent company OLBIS Investments Ltd., owned by owner of the agricultural holding Serhiy Kasianov.
“In 2020-2021, the management of the holding took measures to improve its credit history by fully repaying and restructuring overdue debts on bank loans, and also reduced the impact of foreign exchange risk on the KSG Agro’s creditworthiness by changing the lending currency from the U.S. dollar to the functional currency, that is the main currency that a company conducts its business,” the agency said in a report.
Expert-Rating also notes that in 2020 the ratio of the company’s EBITDA to its total liabilities increased by 8.04 percentage points (p.p.) compared to 2019, to 11.35%, EBITDA to loans received – by 16.70 p.p., to 23.94%, and EBITDA to bank loans – by 34.81 p.p., to 54.28%.
“The current level of EBITDA of KSG Agro S.A. covers a significant share of interest bearing liabilities in 2020, it exceeds the cost of paying interest on loans by over 4 times and the total financial expenses of the holding by over 3 times,” the report said.
The agency clarifies that as of December 31, 2020, the agricultural holding did not issue debt securities, except for short-term bills, the amount of debt on which was estimated at $2.35 million.
According to Expert-Rating, due to the listing of shares of KSG Agro S.A. on the Warsaw Stock Exchange (WSE), the agricultural company can issue new shares, thereby increasing the liquidity and value of its shares.
According to the agency, as of March 31, 2021, some 64.62% of the company’s shares belonged to Kasianov, who manages it through OLBIS Investments Ltd., 35.17% of the shares were in free circulation on the WSE, and 0.21% accounted for treasury shares.
On June, 12 and 13, Ancient Kyiv in the Principality of Kyivan Rus («Kyivan Rus Park») invites you to a weekend tour «The Ancient World in Ancient Kyiv». The guests will be awaited by horse performances, theatrical stagings based on ancient myths, horseback riding, tasty dishes from fire, extreme attractions, museums, exhibitions … And all these in a real live medieval city!
The event is held in accordance with the requirements of the quarantine regime.
Ancient Kyiv opens at 10:00. The program starts at 14:00.
* The event program is subject to change.
The ticket price: a full adult ticket – 200 UAH, for pensioners and students – 150 UAH, for schoolchildren – 80 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».
