Schisandra berries, or Chinese lemongrass, are gradually gaining recognition among health food and phytopharmacology enthusiasts for their unique healing properties. The healthy lifestyle trend is promoting schisandra (Schisandra chinensis), known in Asia as Wu Wei Zi, writes EastFruit.
This ancient ingredient of traditional Chinese medicine boasts a range of health benefits that make it a contender for superfood status.
What is schizandra?
Schisandra is the fruit of the Schisandra chinensis vine, which grows naturally in northeastern China, Japan, Korea and Eastern European countries. In Asian and European countries, lemongrass is also cultivated in gardens and urban squares, where it is used for ornamental purposes and more.
The berries of this liana, resembling bunches of grapes, have a rich red color and a bright aroma. In traditional Chinese medicine, these berries are known for their adaptogenic properties, that is, their ability to help the body adapt to stress and increased stress.
Schizandra is a dicotyledonous climber that prefers warm climates and fertile soils. The plant is hardy but does not tolerate drought. It can reach 15 meters in height under favorable conditions, winding around tree trunks. The leaves of lemongrass have an elliptical or inverted ovoid shape with pronounced innervation and a sharp tip. When torn, they emit a pleasant lemon scent. The flowers of the plant hang on long pedicels and are white or whitish-pink in color. Fruits ripen in late August – early September and are juicy, red berries with lemon flavor, collected in bunches of 10-40 pieces.
Healing Schizandra in Traditional Chinese Medicine
Schizandra holds a special place in traditional Chinese medicine due to its unique properties that benefit the five organs – spleen, liver, heart, lungs and kidneys. Depending on their flavors – sour, sweet, bitter, spicy and salty – schizandra berries balance different aspects of health, helping to restore harmony between body, mind and spirit.
In China, the plant is used almost entirely, from the bark and leaves to the fruit. Lemongrass is known for its “five flavors”: sour, sweet, salty, bitter, and astringent. This makes it unique not only in cooking, but also in medicine. The fruits and seeds of the plant are used to make various medicines and tinctures.
Useful and therapeutic properties of the liana are a merit of its unique composition. Substances that are contained in the berries, act on the body as a tonic and antioxidant, which in addition helps to strengthen its defenses.
The lemongrass fruit is high in vitamins C and E. The former is an antioxidant that helps immunity and eases the course of respiratory infections. The second is also an antioxidant, cardioprotective, protects cell membranes from damage and regulates the consumption of oxygen by cells. Of the minerals in lemongrass there are calcium, potassium, zinc, iron, magnesium, iodine and others. Their content is not very high, but the main properties of the berry it does not harm.
IC “Express Insurance” (Kiev) in January-August 2024 made payments in the amount of UAH 340,2 million, which is 64,6% or UAH 133,5 million more than the indicator for the same period of 2023, according to the insurer’s website.
Including payments on hull insurance amounted to UAH 287.5 million (+59.1%), on MTPL – UAH 44.4 million (2.4 times more), on voluntary health insurance – UAH 3.8 million (-14.7%), payments under other insurance contracts – UAH 4.6 million (+36.4%).
At the same time, the company reports that in August 2024 payments to clients amounted to UAH 53.1 mln (+94.4%) more than in August 2023. In particular, under hull insurance contracts the company paid UAH 45,3 mln (+94,2%), under CMTPL insurance – UAH 6,8 mln (growth in 2,5 times).
Express Insurance ALC was founded in 2008 and is a part of UkrAVTO group of companies. The company specializes in automobile insurance. Stable high speed of events settlement in IC is provided by optimal interaction with partner service stations.
Since April, 2012 IC “Express Insurance” is an associated member of the Motor Transport Insurance Bureau of Ukraine.
Ovostar Union, one of the leading producers of eggs and egg products in Ukraine, posted a net profit of $13.3 million in the first half of 2024, down 35.4% year-on-year, due to higher feed costs and falling prices for finished products.
According to the group’s report on the Warsaw Stock Exchange, its revenue for the first six months of this year fell by 26% year-on-year to $64.2 million, due to a 30% drop in the cost of eggs (year-on-year), dry and liquid egg products by 8% and 25%, respectively.
In particular, revenues from eggs fell to $39.86 million from $62.11 million, and pre-tax profit in this segment fell to $4.39 million from $8.66 million, while revenues from egg products decreased slightly to $24.35 million from $26.58 million, although the decline in pre-tax profit was greater – to $9.08 million from $12.22 million.
Also, sales in Ukraine decreased to $31.18 million from $40.76 million, and exports to $33.03 million from $47.93 million.
In January-June this year, Ovostar’s gross profit decreased by 29.3% to $19.1 million, operating profit by 43.8% to $11.3 million, and EBITDA by 41.0% to $12.8 million.
The weakening of the hryvnia also led to the fact that in the first half of this year, Ovostar’s total profit amounted to $6.46 million against $20.59 million in the same period last year.
It is noted that during the year, the total number of livestock increased from 7.3 million to 7.6 million, although the number of laying hens decreased from 6.5 million to 6.2 million, resulting in a 4% decrease in egg production to 706 million.
Against the backdrop of Russia’s full-scale military invasion of Ukraine and the overall unfavorable situation in the country’s economy, the management decided to suspend the investment program, but the company’s investments increased to $6.8 million in the reporting period from $5.2 million in the first half of last year.
“In the first half of 2024, the group started construction of two poultry houses for young poultry with a total budget of about $3.8 million, of which $1.8 million has already been spent as of the reporting date. The planned completion date is April 2025,” the report said.
The group also reported that its net debt jumped from $47.9 million to $72.4 million, but free cash flow increased by about the same amount – from $50.3 million to $74.4 million. In particular, over 12 months in Ukraine, they decreased to $22.7 million from $24.7 million, including the equivalent of $0.4 million in hryvnia from $7.6 million, in Latvia – to $10 million from $21.2 million, while in the UK, an increase to $40.31 million from $0.12 million was recorded.
As reported, Ovostar Union’s net profit for the first quarter of 2024 fell by 22.4% to $6.97 million, while revenue decreased by 24.6% to $35.67 million.
In mid-June 2011, the group’s holding company, Ovostar Union N.V., held an IPO of 25% of its shares on the WSE and raised $33.2 million. However, this year, the majority owners of the agricultural holding, CEO Boris Belikov and member of the Board of Directors Vitaliy Veresenko, together with Fairfax Financial Holding, accumulated 95.45% of the shares and bought out the remaining 4.55%, or 277,066 thousand shares, in a squeeze-out at a price of PLN70 per share (about $17.3 at the then exchange rate).
The Swedish government has approved an additional SEK 500 million ($49 million) to support heating and electricity in Ukraine.
According to the Swedish government’s website, the new support is aimed at covering the needs of the most vulnerable people in the country. This new support will be provided in parallel with the extensive Swedish support already provided to Ukraine’s energy sector.
“Today, the government is allocating an additional SEK 500 million to support heating and electricity in Ukraine. Russia is increasingly targeting critical energy infrastructure. This new support will go to generate electricity for about 185,000 people and help support Ukrainian society, economy and business,” said Minister for International Cooperation and Foreign Trade Johan Forssell.
He emphasized that this is crucial for Ukraine’s resilience.
Minister of Energy, Business and Industry Ebba Busch noted that Sweden will continue to support Ukraine “as long as it takes”. “This SEK 500 million will be one of Sweden’s largest contributions to Ukraine’s energy supply and will help generate electricity for hospitals and thousands of Ukrainian homes,” she said.
The initiative includes two gas turbines for initial power generation. The production facility will be protected in a way that minimizes the devastating effects of Russian attacks.
The Swedish International Development Cooperation Agency will be primarily responsible for Sweden’s contribution. The project is a joint investment with the Ukrainian state energy company and other international financial institutions. The goal is for this production facility to start operating in 2025.
On the eighth competition day of the 2024 Paralympic Games in Paris, the Ukrainian national team won 9 medals, including 2 gold, 2 silver and 5 bronze, the Ministry of Youth and Sports reports.
Thus, Ukrainian judoka Natalia Nikolaychyk won gold (weight category up to 48 kg, class J1).
Ukrainian shot putter Maria Pomazan also won gold (class F35).
The men’s goalball team, including Vasyl Oliynyk, Anton Strelchuk, Fedir Sydorenko, Yevhen Tsyganenko, Rodion Zhygalin and Oleksandr Toporkov, won two silver medals.
Ukrainian track and field athlete Oksana Boturchuk also won silver in the 100-meter dash, class T12.
Pavlo Bal won a bronze medal in the 56.8 km road race (H5 class) in the general class.
Ukrainian judokas Anzhela Havrysiuk (weight category up to 57 kg, class J1) and David Khorava (weight category up to 60 kg, class J2) won two more bronze medals.
Swimmers Danylo Chufarov (100 meters breaststroke, SB11 class) and Yaroslav Semenenko, Anna Gontar, Oleksandr Komarov and Iryna Poyda (4×50 meters medley relay) also won two bronze medals.
Currently, the Ukrainian national team ranks 7th in the medal standings with 61 medals. In particular, the team has 15 gold, 20 silver and 26 bronze medals.
The Antimonopoly Committee of Ukraine (AMCU) has authorized CRH Ukraine B. V. (Rotterdam, the Netherlands) to acquire shares of PrJSC “Dickergoff Cement Ukraine”, which will provide it with more than 50% of the votes in the supreme management body of the acquired asset, according to the AMCU website. The AMCU also authorized the implementation of measures that impede competition provided for in the sale and purchase agreement (subparagraph 16.1 of paragraph 16 of the share purchase agreement concluded between Dyckerhoff GMBH, CRH Ukraine B. V. and CRH Nederland B. V.”), which must be made within 24 months after the transaction is completed.
As reported, in July 2024, the AMCU announced the terms of the possible acquisition of Dyckerhoff Cement Ukraine assets by CRH Group, namely the transfer of 25-28% of the shares of the PrJSC to an independent investor with a veto right.
It is expected that this investor will be the European Bank for Reconstruction and Development (EBRD), as in December 2023 CRH signed a mandate letter with it on the joint acquisition of the assets of the Italian company Buzzi in Ukraine.
CRH Ukraine B.V. has announced its intention to acquire a 99.9775% stake in the authorized capital of PrJSC Dickergoff Cement Ukraine, which owns two cement plants in Rivne and Mykolaiv regions. The company posted the relevant notice in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) on August 12, 2024.
In June 2023, Italian cement producer Buzzi, listed by the National Agency for the Prevention of Corruption as an international war sponsor, reached an agreement through its subsidiary Dyckerhoff GmbH to sell part of its Eastern European business to the Irish CRH group, including its Ukrainian assets in the form of two cement plants: “Volyn-Cement (Zdolbuniv, Rivne region) and Pivden-Cement (Olshanske, Mykolaiv region). As of the summer of 2023, the purchase price was estimated at EUR 100 million.
The AMCU has been considering CRH’s application for concentration since September 2023.
CRH has been operating in Ukraine since 1999. Since November 2021, its cement enterprises in Ukraine have been operating under the Cemark brand: Podilskyi Cement JSC (Khmelnytskyi region), Cement LLC (Odesa) and Mykolaivcement PrJSC (Lviv region).
CRH is the world’s leading manufacturer of building materials. The company employs about 71 thousand people at its 3,200 facilities in 28 countries. It is the largest manufacturer of building materials in North America and Europe. The company is also represented in Asia. CRH American depositary shares are listed on the New York Stock Exchange.
