Business news from Ukraine

Business news from Ukraine

OSCE CHAIRPERSON: CONFLICT IN DONBAS CANNOT BE FROZEN

The conflict in Donbas is not and cannot turn into a frozen one, OSCE Chairperson-in-Office, Swedish Foreign Minister Ann Linde has said.

“I am categorically opposed to calling the conflict in Donbas or Crimea frozen […] As this will mean that you have surrendered and do not consider it possible to resolve it. And I believe that Donbas is definitely not frozen now. After all, the Trilateral Contact Group or the Normandy format is still in operation, trying to find a solution,” Linde said in an interview with Yevropeiska Pravda (European Truth) published on Wednesday.

She said that at the Normandy Four summit in Paris, there was an agreement on a new meeting of leaders under a number of conditions.

“Ukraine has fulfilled all the conditions. Russia, unfortunately, has not yet. Now everything depends on how the negotiations will continue, on how it will be agreed to fulfill these conditions,” Linde said.

According to her, there is still a positive result from the negotiations, this is a truce that has been going on since July 27. “And even despite the fact that now we see a worsening of the situation, that a Ukrainian serviceman died a week ago, the situation is still much better than it was a year ago. After all, in 2020, there were 34 victims in January and February alone,” the OSCE Chairperson said.

Linde said the priority of her chairmanship is to try to resolve the conflict, or at least take a step towards its solution, without departing from the principle of comprehensive security.

“And, we will, of course, continue to follow the principle of the integrity and unity of Ukraine, which includes the Ukrainian Crimea and Sevastopol. We will try to build on the achievements of the preliminary chairmanships in the OSCE, using both the Normandy format and the Trilateral Contact Group,” she said.

When asked whether the OSCE should become a participant in the Normandy format, Linde said it is not, since Normandy is already an established format. She said that it is always worth analyzing what is effective, what works. And the current Normandy format is just working.

“But the OSCE has concentrated its efforts in the Trilateral Contact Group, where our representative Heidi Grau does a very important job. And even if she is criticized in Ukraine, in fact she does a lot to get closer to resolving the conflict, and these efforts deserve support as well as the work of the SMM – the greatest mission of our organization,” she said.

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KSG AGRO INCREASES CREDIT LINE AT TASCOMBANK BY $6.5 MLN

KSG Agro agricultural holding increased the multicurrency credit line at TAScombank (Kyiv) from $12 million to $18.5 million, the company said in a report published on the website of the Warsaw Stock Exchange on Monday.
“We can use these lines for sowing and harvesting […] In addition, one of the goals of increasing the credit line is to refinance foreign exchange obligations and hedge currency risks,” Chairman of the Board of Directors of KSG Agro Serhiy Kasianov said.
He said that part of the funds is also planned to be used for further reconstruction and modernization of the pig breeding farm in the village of Nyva Trudova (Dnipropetrovsk region).
According to the report, hryvnia equivalent for the volume of the credit line is UAH 522 million, the term is three years. The interest rate was not disclosed.
As reported, in April 2020, KSG Agro increased the existing credit line at TAScombank by almost $4 million, to $12 million.
The vertically integrated holding KSG Agro is engaged in pig breeding and production, storage, processing and sale of grain and oilseeds.

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UIA PREPARES AIRCRAFT TO TRANSPORT VACCINES

Ukraine International Airlines (UIA, Kyiv) is ready to transport vaccines.
“Since the beginning of 2021, the active stage of vaccination has begun all over the world, which will tend to increase throughout the current year. In order to ensure safe delivery of vaccines, UIA has prepared Boeing 737 and Boeing 767 aircraft to transport the vaccines as cargo,” the press service of UIA said on Monday.
The airline also expressed its readiness to transport the vaccine not only to Ukraine, but all over the world. At the same time, it is noted that given the peculiarities of compliance with the required temperature regimes, transportation of the vaccine by air is the fastest and most reliable method of delivery.
According to the company, since the implementation of quarantine measures, UIA has transported 870 tonnes of medical cargo.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 20/01/21

National bank of Ukraine’s official rates as of 20/01/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 20

Official rates of banking metals from national bank as of January 20

One troy ounce=31.10 grams

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MHP INTENDS TO LEASE DRAGON CAPITAL’S ARCTICA WAREHOUSE COMPLEX NEAR KYIV

The purpose of the planned lease of the Arctica warehouse complex in the village of Sofiyivska Borschahivka near Kyiv by PJSC Myronivsky Hliboproduct (MHP) from the Dragon Capital group of companies is to store MHP products, the press service of the company has told Interfax-Ukraine.
“MHP does not buy the Arctica warehouse complex owned by Dragon Capital, but leases it. Ukrainian legislation requires permission from the Antimonopoly Committee of Ukraine to be obtained for lease as well,” MHP said, commenting on the consideration of the concentration case started on January 11 by the committee.
MHP is the largest chicken producer in Ukraine.
At the end of 2020, the supervisory board of MHP made a decision to establish MHP Logistics.
The founder and majority shareholder of MHP is Ukrainian businessman Yuriy Kosiuk

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