A blockade of Ukraine’s ports would boost foreign currency revenues from product exports by at least $20 billion, according to Alexander Vodoviz, head of the project office of Metinvest’s general director.
“We’re picking up crumbs from the table, but we’re not seeing the big pie,” Vodoviz said at Forbes’ Exporters Summit.
Vodoviz urged asking questions about port de-blockades at meetings with the U.N. “There is some movement in that direction, but it’s not enough,” he added.
“Metinvest is a vertically integrated group of mining and metallurgical companies. Its enterprises are located in Ukraine – in Donetsk, Lugansk, Zaporozhye and Dnipropetrovsk regions, as well as in Europe.
The major shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%) that manage it jointly.
Metinvest Holding LLC is the management company of Metinvest group.
Structure of approved state budget income for 2023

Source: Open4Business.com.ua and experts.news
The agreement between Ukraine and the EU on the liberalization of cargo transportation has been prolonged until 30 June 2024. The document, signed in June 2022, removes the need for Ukrainian carriers to obtain permits for bilateral and transit traffic to EU countries.
According to Deputy Prime Minister – the head of the Ministry of Transport Oleksandr Kubrakov in Facebook, the relevant agreement was reached at the first meeting of the joint committee of the Agreement on freight transport by road.
“During the first year the agreement has proved its practical effectiveness. For the period of its validity, the volume of bilateral and transit road freight traffic has increased by more than 50%,” he noted.
After the agreement was signed on June 29, 2022, the number of carriers crossing the border toward the EU increased by 53% compared to the same period in 2021, and the number of crossings itself increased by 43%.
The Deputy Prime Minister noted the potential for further growth, in particular through the joint development with European partners of the necessary logistical infrastructure at the border. He reminded that since the beginning of the full-scale invasion, two new checkpoints have been opened on the Romanian border, as well as a control point on the temporary infrastructure for empty trucks at the border with Poland. In addition, the capacity of the Krakivets-Korcheva checkpoint was expanded and the operation of the Jagodin-Dorogusk checkpoint on the border with Poland was streamlined.
“The effective implementation of the “transport visa-free” brings us closer to our main foreign policy goal – gaining EU membership,” Kubrakov stressed.
Deputy Prime Minister reminded that the agreement also simplifies the procedure of recognition of driving documents: Ukraine and the EU have exempted holders of driving licenses issued by one of the parties from the requirement to have an international driving license.
Ukraine’s foreign trade turnover in January-February 2023 totaled $16.6 billion, down 30% from the same period in 2022, the State Customs Service said. “In January-February this year, Ukraine imported goods worth $10.1 billion, exported goods worth $6.5 billion,” the State Customs Service said in a press release.
In January, the agency reported imports of $4.8 billion and exports of $3.1 billion. Thus, in February, imports rose to $5.1 billion and exports – to $3.4 billion, while the negative balance of trade remained at $1.7 billion.
As stated by the State Customs Service, taxable imports in January-February amounted to $8.1 billion, or 80% of total imports of goods.
According to published information, the tax burden per 1 kg of taxable imports was $0.44/kg, which is 53% higher than during the same period last year. Most of the goods were imported from China – $1.7 billion, Poland – $1 billion and Turkey – $760 million.
As noted, during the two months of 2023, the most goods were exported to Poland – $953 million, Romania – $609 million and China – $605 million.
According to press release, the main import categories were: machinery, equipment and transport – $2.9 billion, 17.6 billion UAH were paid to the budget, or 27% of customs duties, fuel and energy products – $2.6 billion, 16.2 billion UAH were paid, or 25%, chemical products – $1.7 billion, 11.5 billion UAH were paid, or 18%.
The top three most exported commodities from Ukraine were foodstuffs – $4.3 billion, metals and metal products – $568 million, machinery, equipment and transport – $521 million.
The State Customs Service summed up that during the customs clearance of exports of goods for which the export duty was set, the budget was paid 223.3 million UAH.
Britain is banning the use of the social network TikTok on government phones and electronic devices for security reasons, Duchy of Lancaster Chancellor and British Cabinet Secretary Oliver Dowden said Thursday.
“We are going to ban TikTok on government devices. We’re going to do that immediately,” Dowden said, speaking in the House of Commons.
“We’re moving to a system where government devices will only be able to access third-party apps on a pre-approved list. This system is already in place in many agencies, now it will become the rule for the entire government,” he added.
According to the minister, social networking apps, particularly TikTok, collect and store a large amount of information about users, including contacts, user content and geolocation information.
“On the government’s electronic devices, this information can be sensitive,” Dowden noted.
He stressed that there is a risk that apps could use government data.
Dowden said the government will impose “limited exceptions for the use of TikTok on government devices where it is required for operational reasons.”
He noted that the decision follows the U.S., Canada and the EU.
Late last year, the U.S. Congress approved a bill banning the use of the TikTok social network on federal government phones and electronic devices.
In February, the White House gave all federal agencies 30 days to remove TikTok from all government devices.
In turn, U.S. lawmakers plan to consider a bill that would allow the President of the United States to ban the application altogether.
A total of 13 U.S. states have already taken action against TikTok, which is owned by ByteDance, a company based in China.
According to U.S. authorities, the Chinese government could use the Chinese app to collect data from American users.