The operating company responsible for the oil and gas sectors in the structure of the DTEK energy holding – DTEK Oil & Gas – has become the holder of 24.99% shares in private joint-stock company Kyivoblenergo earlier belonged to VS Energy International Ukraine LLC.
According to a report of Kyivoblenergo posted in the information disclosure system of the National Commission for Securities and the Stock Market, VS Energy now holds 33.60788% shares in the company.
As reported, early January 2019, DTEK announced its intention to build up 68.2949% of shares in JSC Odesaoblenergo and 93.9978% in JSC Kyivoblenergo owned by VS Energy Group.
DTEK was established in 2005 to manage the energy assets of Rinat Akhmetov’s System Capital Management Group (SCM, Donetsk). The corporation performs functions of strategic management of the group’s enterprises, which constitute a vertically integrated chain of coal production and washing, production and sale of electricity.
VS Energy International Ukrainе owns shares in the following companies: Kyivoblenergo, Rivneoblenergo, Khersonoblenergo, Kirovohradoblenergo, Zhytomyroblenergo, Odesaoblenergo, Chernivtsioblenergo, Sevastopolenergo. Also, the company owns large stakes in Mykolaivoblenergo and Khmelnytskoblenergo.
According to the unified public register of companies, the ultimate beneficiaries of VS Energy International Ukraine are citizen of Germany Marina Yaroslavskaya, as well as citizens of Latvia Vilis Dambins, Arturs Altbergs and Valts Vigants. Ukrainian media and politicians also named several Russian businessmen as beneficiaries of the company.
Ukraine since the beginning of the 2018/2019 marketing year (MY, July-June) and as of January 16, 2019 had exported 25.727 million tonnes of grain and leguminous crops, which is 16.2% more than on the same date of the previous MY. According to the Ministry of Agrarian Policy and Food, farmers exported 11.1 million tonnes of wheat, 3.26 million tonnes of barley, and 10.79 million tonnes of corn.
Some 132,000 tonnes of flour had been also exported on the specified date.
As reported with reference to the ministry, Ukraine exported 39.4 million tonnes of grain in the 2017/2018 MY.
The National Bank of Ukraine (NBU) expects that two tranches of the rest of $2.6 billion of the 14-month Stand-By Arrangement (SBA) of the International Monetary Fund (IMF) opened in December 2018 would arrive in 2019, Governor of the NBU Yakiv Smolii has said. “This year we expect two tranches of $1.3 billion each: one in May and another in September. Accordingly, these funds will be sent to foreign exchange reserves,” he said at a press conference.
The head of the NBU recalled that the first tranche of the SBA was $1.4 billion and was provided in December last year.
Smolii said that last year, thanks to $2.4 billion from international partners (the IMF, the European Union and the World Bank) in reserves, the country’s forex reserves increased by $2 billion and reached $20.8 billion – highest figure for the last five years.
As reported, on December 19, 2018, the Executive Board of the IMF approved a new 14-month SBA. The new SBA, with a requested access of SDR 2.8 billion (equivalent to $3.9 billion), will provide an anchor for the authorities’ economic policies during 2019.
A total of SDR 1 billion (around $1.4 billion) were provided at once, and the rest of the funds will be provided after the six month reviews.
