The United Nations General Assembly on Monday adopted a resolution on the need to hold Russia accountable for its violation of international law during the invasion of Ukraine, as well as to create a mechanism for compensating Ukraine for the damage caused by Russian aggressors.
The document was supported by 94 countries, 73 abstained and 14 others opposed.
Among the countries that voted against the resolution were the Russian Federation, Belarus, Syria, Iran, Zimbabwe, Cuba, China, Eritrea, Mali and the Central African Republic.
The resolution states that Russia “should be held accountable for any violations of international law in or against Ukraine, including its aggression in violation of the UN Charter, as well as any violations of international humanitarian law and human rights.
In addition, the states that supported the resolution believe that Russia should bear the legal consequences of all of its internationally wrongful acts, including compensation for the damage suffered as a result of the above-mentioned actions.
They also recognize the necessity of creating an international mechanism for compensation for the damages caused to Ukraine by Russia and recommend creating an international register of the damages received by all concerned individuals and legal entities, as well as the State of Ukraine, for registration of their evidence.
Oil prices continue to decline on Tuesday after a 3% decline the day before following OPEC’s worsening forecast of oil demand.
The oil market is also pressured by weak statistical data from China, which increased traders’ pessimism about demand prospects.
China’s industrial output growth slowed in October while retail sales fell for the first time in five months, China’s State Statistics Office (SSC) reported on Tuesday.
January Brent crude futures on London’s ICE Futures exchange stood at $92.88 a barrel by 8:15 a.m. KSC on Tuesday, down $0.26 (0.28%) from the previous session’s close. Those contracts fell $2.85 (3%) to $93.14 a barrel at the close of trading on Monday.
The price of WTI futures for December at electronic trades of NYMEX fell by that time by $0.52 (0.61%) to $85.35 per barrel. By the close of previous trading, those contracts had fallen $3.09 (3.5%) to $85.87 a barrel.
“Weak statistical data from China only confirms the view that oil demand in the country will remain weak as long as tight quarantine restrictions persist,” notes Vanda Insights founder Vandana Hari in Singapore, cited by Bloomberg.
On the eve of OPEC lowered its estimate of the demand for oil in 2022 by 100 thousand barrels per day – up to 99.57 million bpd, in 2023 – also by 100 thousand bpd, to 101.82 thousand bpd.
Thus, OPEC predicts that global oil consumption in 2022 will increase by 2.55 million bpd, and in 2023 – another 2.24 million bpd, according to a monthly report of the organization.
The International Energy Agency (IEA) will publish its forecasts on Tuesday.
Insurance company Knyazha Life Vienna Insurance Group (Kyiv) collected UAH 42.764 mln of insurance payments in January-September 2022, which is 18.9% less than during the same period a year earlier.
This was reported by Standard-Rating rating agency, which confirmed financial strength rating/credit rating of the insurance company at the level uaAA+ for three quarters of 2022.
According to the message, the indemnities of the insurer during this period amounted to UAH 9,729 mln, that is by 28,90% lower than the indemnities paid out during nine months of 2021. Thus, the payout ratio has fallen by 3,21 p.p. – to 22,75%.
Acquisition expenses of the insurer has decreased by 15,88% down to UAH 7,8 mln.
Net profit of the insurer has amounted to UAH 8,449 mln, assets have increased by 17,36% up to UAH 712,614 mln, shareholders’ equity has increased by 1,93% up to UAH 107,381 mln, liabilities – by 20,59% up to UAH 605,233 mln, cash and cash equivalents – by 37,60% up to UAH 75,486 mln.
Thus, as of the beginning of the fourth quarter of 2022 shareholders’ equity of Knyazha Life Vienna Insurance Group has covered 17,74% of liabilities, and 12,47% of its liabilities have been secured by cash and cash equivalents.
It is noted that on the reporting date the insurer has formed a portfolio of investments into bank deposits in the amount of UAH 71,6 mln, and investments into government bonds in the amount of UAH 528,228 mln.
It is noted that a high level of external support for the company is provided by its shareholder – an international insurance group with headquarters in Austria Vienna Insurance Group Wiener Städtische Versicherung AG, which is represented by 50 companies in 30 countries and is the insurance market leader in Central and Eastern Europe.
Ukrzaliznytsia JSC is resuming the Kiev-Mykolaiv passenger service on Tuesday and expects to resume passenger service to Kherson within 10 days after completing a track inspection and repair of damaged infrastructure, Infrastructure Minister Alexander Kubrakov said.
“Now that the Ukrainian military has pushed back the front line, we are launching a direct rail connection Kiev-Mykolaiv. The first train will leave already tonight,” Kubrakov wrote on his Facebook page on Monday.
He added that as of today, road companies have started clearing roads so that humanitarian aid, rescuers, messengers and mail could reach people as soon as possible.
Kubrakov noted that the enemy blew up 14 bridges while fleeing the territory of Kherson.
“The road services are coordinating with the military, and as soon as the security situation allows – we will dismantle the structures of the bridges,” wrote the minister.
Civilian casualties from February 24, when Russia launched its war against Ukraine, to November 13 totaled 16,631 civilians (16,462 a week earlier), including 6,557 deaths (6,490), the UN Office of the High Commissioner for Human Rights (OHCHR) said Monday.
“Most of the recorded civilian deaths or injuries were caused by the use of explosive weapons with a wide area of impact, including heavy artillery and multiple rocket launchers, as well as rocket and air strikes,” the document said of the UN data.
This applies, for example, to such settlements as Mariupol (Donetsk region), Izyum (Kharkiv region), Lysychansk, Popasna, and Severodonetsk (Luhansk region), where numerous civilian deaths or injuries have been reported.
According to confirmed UN data, 2,559 men, 1,752 women, 204 boys and 170 girls were killed, while the gender of 34 children and 1,838 adults could not yet be determined.
The 1,074 wounded included 297 boys and 208 girls, and 245 children whose sex could not yet be determined.
Compared to the figures of 6 November, five children were killed and five others wounded.
Whereas previously the OHCHR Daily Casualty Report was issued on a daily basis and then only on weekdays, it has become a weekly report since July. This summary, like the previous one, provides data by month.
According to them, March remains the deadliest month for civilians, with at least 3,326 deaths. In April, the number of civilian deaths due to the war dropped to 702, in May to 473, in June to 374 and in July to 360, according to the OHCHR publication. There were 355 deaths in the first five days of the war from February 24 to 28, 305 in August, 312 in September, 284 in October and 66 in the first 14 days of November, the UN points out.
The number of wounded in September – 926 – was higher than in October – 783 and August – 895 and slightly lower than in previous months – July – 1,100, June – 1,030, May – 1,016, while in April and March there were 1,254 and 2,410 wounded respectively.
According to the report, 61 people died and 173 others were wounded from large-area explosive weapons in November, while mines and explosive remnants of war killed five people and wounded 25 (11 percent of total casualties).
Government-controlled territories accounted for 81 percent of the casualties in November, according to the UN.
The summary traditionally states that the increase in numbers to the previous summary should not be attributed only to cases after November 6, as the Office verified a number of cases from previous days during that period.
The year 2021 was productive and broke records for the Ukrainian cement sector. The amount of goods consumed domestically has increased. There was a cement production of over 11 million tons. Active growth in demand for cement in 2021 was fully ensured by own production.
2021 was an efficient and record-breaking year for the cement industry of Ukraine. Domestic consumption of products has increased. More than 11 million tons of cement were produced. Active growth in demand for cement in 2021 was fully ensured by own production.
Cement production per capita amounted to 267 kg. This indicator is used by the UN to assess the economic potential of countries. Increasing its level means that infrastructure and housing are being built – the state is developing and has a future.
But the war adjusted in the lives of Ukrainians and the cement industry as well. At present, domestic consumption of cement is only 30-35% of last year’s.
We, like the whole country, are looking forward to the Victory and restoration of Ukraine.
Domestic cement producers can fully meet the needs of the country. In addition, enterprises are ready to increase their capacities. And in the future, for post-war reconstruction, cement production in Ukraine will grow. And the cement industry will introduce modern global technologies and provide the construction industry with high-quality cement.
This is exactly what we will talk about at the IX International Conference UKRCEMFOR 2023: “Cement industry. Best practices. Development perspectives”.
The Forum’s organiser is the ASSOCIATION OF CEMENT PRODUCERS OF UKRAINE «UKRCEMENT».
Partners: NADU, SE “DerzhdorNDI”.
Media support: Interfax Ukraine, Prof Build, Build Portal, Kapbudivnytsto, Professional Associations of Environmentalists of Ukraine.
UKRCEMFOR is the largest industry event that takes place once every two years and brings together more than 300 representatives of companies and organisations from different countries of the world. And in 2023, it will be held for the ninth time. This is a platform for discussions, where managers and representatives of all the largest cement companies of Ukraine will be present.
In addition, the following will take part in the event:
• central and local authorities.
• international professional associations.
• manufacturers of equipment for the cement industry and specialised laboratories.
• manufacturers of concrete, concrete mixtures, and admixtures.
• construction and road companies.
• manufacturers of equipment for road construction.
• scientists.
• Ukrainian and international experts in the fields of economy, standardisation, ecology, technology, and quality.
• financial institutions, funds and companies investing in the cement industry and construction.
• interested parties in the development of the industry and reconstruction of the country.
MAIN TOPICS FOR DISCUSSION:
• Current state and development trends of the cement industry
• Reconstruction of the country – perspectives, challenges, and tasks for the construction industry
• Cement concrete roads are drivers of the development of the economy of Ukraine
• Technologies and equipment in road construction
• Implementation of the Association Agreement between the EU and Ukraine – 305 of the EU Regulation
• Quality and safety of building materials. Modern technologies of cement production
• Purposeful use of cements in the production of building materials
• Cement and the environment. Emissions, alternative fuel, environmental impact assessment.
Please reserve your time to participate in the IX International Conference UkrCemFor 2023. You can apply and be the first to know all the news.
All details later…
More details about the event: https://www.ukrcemfor.com/
Stay tuned for updates!
It will be interesting! ?
