Business news from Ukraine

Ministry of Justice of Ukraine nationalizes assets of company associated with Russian bookmaker

The Ministry of Justice of Ukraine has collected securities and funds worth more than UAH 1.8 billion from Royal Pay Europe LLC, which is associated with the Russian bookmaker 1xBet, to the state’s revenue.

“Based on the materials of the Prosecutor General’s Office, the Ministry of Justice of Ukraine has collected securities and funds worth more than UAH 1.8 billion belonging to a non-resident company of the Republic of Latvia associated with the aggressor country,” the Prosecutor General’s Office said in a statement on its Telegram channel on Saturday morning.

It is reported that during the pre-trial investigation, it was established that this company has close ties with the Russian bookmaker 1xBet and other entities, and sanctions were imposed on it.

“The sources of funds that were transferred to the bank accounts of the non-resident company, which, among other things, processes betting activities in the territory of the aggressor state, were transfers from Russian and Belarusian financial institutions,” the statement said.

It is noted that the materials of the criminal proceedings became the basis for the Ministry of Justice of Ukraine to file a lawsuit with the High Anti-Corruption Court (HACC) to nationalize the property of this company.

The pre-trial investigation into the financing of actions committed with the aim of forcible change or overthrow of the constitutional order or seizure of state power, change of the boundaries of the territory or state border of Ukraine is ongoing and is being carried out by the State Bureau of Investigation under the procedural guidance of the Prosecutor General’s Office (Article 110-2 of the Criminal Code of Ukraine).

According to the HACC’s Facebook page, on May 31, the HACC panel of judges partially satisfied the claim of the Ministry of Justice of Ukraine against Royal Pay Europe LLC and imposed a sanction on it under paragraph 1-1 of part 1 of Article 4 of the Law of Ukraine “On Protection of Human Rights and Fundamental Freedoms”. 1 Art. 4 of the Law of Ukraine “On Sanctions”.

The HACC recovered cash in the amount of UAH 53 million, EUR 54.316 thousand and USD 3.49 million, as well as securities with a nominal value of UAH 1,258,735 thousand and UAH 494,158 thousand.

Sources: https://t.me/pgo_gov_ua/24160

Ukraine to introduce quota for poultry exports to EU

The Ukrainian government has introduced a quota for exports of poultry and poultry by-products to the EU in the amount of about 137,000 tons starting July 1.

According to Cabinet of Ministers Resolution No. 612 of May 30, published on the government portal, the quota for the supply of poultry meat and edible offal to the EU, including chickens, geese, ducks, guinea fowl (UKTZED code 0207), is set at 133.28 thousand tons, and turkey meat and edible offal (UKTZED code 0207 24-27) at 3.76 thousand tons.

The Ministry of Economy will consider applications for licenses to export these goods to the EU within 10 days. Permits will be issued on the basis of applications and approvals provided by the Ministry of Agrarian Policy.

For the period of martial law, applicants shall prepare and submit documents electronically through the relevant information and communication systems (the Ministry of Economy’s electronic services portal, the Unified State Web Portal of Electronic Services).

The licensing regime for the export of quota goods to the EU is also mandatory if the non-resident counterparty is registered in the EU under a foreign economic agreement (contract).

At the same time, the volume of quotas approved for the commodity item “Meat and edible offal of poultry: poultry chickens, ducks, geese, guinea fowl”, excluding the reserve quota of 1400 tons for new exporters, and for the commodity “Turkey meat and edible offal of turkeys” is distributed by the Ministry of Agrarian Policy among exporters in proportion to the actual volume of their exports to the EU in the first quarter of 2024. Information on the actual export volumes of these products for the first quarter of 2024 must be provided by exporters to the Ministry of Agrarian Policy with supporting documents by June 25, 2024.

The reserve quota of 1400 tons will be distributed among exporters who did not export these products in the first quarter of 2024.

If there is an unused balance of the quota as of November 1, 2024, it is distributed among exporters in proportion to the actual exports of these products to the Member States of the European Union for the three quarters of 2024.

As reported, on May 13, the EU Council finally approved the extension of the autonomous trade measures for another 12 months – until June 5, 2025. At the same time, restrictions have been imposed on the duty-free supply of a number of agricultural products – poultry, eggs, sugar, oats, cereals, corn and honey – in the amount of the average export volume for the period from the second half of 2021 to the end of 2023.

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Population forecast for Ukraine in 2030-2100

Population forecast for Ukraine in 2030-2100

Source: Open4Business.com.ua and experts.news

Germany to provide Ukraine with another Patriot system and additional EUR 500 mln

Germany will provide Ukraine with another US-made Patriot air defense missile system and a EUR500 million aid package, the German Foreign Ministry’s social media account X reported on Friday, citing the head of the ministry, Annalena Burbock.

“In NATO, we adhere to the principle of ‘one for all, all for one’. Putin’s brutal aggression against Ukraine and his provocations on the external borders of the EU and NATO require our unwavering unity. International law is unequivocal: states under attack not only have the right to defend their territory, but also have an obligation to protect their citizens. Our military support to Ukraine is consistent with these principles,” Burbock said at the NATO meeting in Prague.

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Ukraine and Iceland sign security agreement

President of Ukraine Volodymyr Zelenskyy and Prime Minister of Iceland Bjarni Benediktsson signed an agreement on security cooperation and long-term support in Stockholm, the press service of the Ukrainian president reports.

“Iceland has committed itself to providing comprehensive and long-term economic, humanitarian and defense support to Ukraine, as well as to facilitate its future membership in the EU and NATO. During 2024-2028, Iceland will annually allocate at least 4 billion ISK (about $30 million). Support for Ukraine will continue throughout the term of the agreement. Iceland is ready to finance, purchase and supply defense materials and equipment. In addition, it is ready to cooperate with Ukraine in the development of its defense industry,” the statement said.

It is noted that the uniqueness of the agreement lies in the fact that Iceland undertakes to continue to transport military supplies and equipment from NATO allies to Ukraine by chartered cargo aircraft. In addition, Iceland will pay special attention to supporting and equipping Ukrainian women in the Armed Forces of Ukraine.

Separate sections of the agreement relate to support for the Ukrainian peace formula, sanctions against Russia, compensation for damages, and bringing the aggressor to justice. The agreement also provides for the strengthening of social and civilian infrastructure, particularly in the areas of education and energy security.

Iceland also pledges to strengthen its diplomatic mission in Kyiv to deepen cooperation with government agencies, parliament, civil society, and the private sector in Ukraine.

The text of the agreement is published on the website of the President of Ukraine.

Ukraine and Iceland signed an agreement to implement the G7 Vilnius Declaration, which was adopted on July 12, 2023.

In total, Ukraine has signed 14 bilateral security agreements: with the United Kingdom, Germany, France, Denmark, Canada, Italy, the Netherlands, Finland, Latvia, Spain, Belgium, Portugal, Sweden, and Iceland.

Consumption limits will be introduced on June 1

Dispatch center of NEC Ukrenergo introduces consumption limits to regions for industrial and household consumers from 18:00 to 23:00 on Saturday, June 1.

As noted by the system operator in the Telegram-channel on Friday evening, to the critical infrastructure that ensures the vital functions of the population, the restrictions do not apply.

“In case of exceeding the limits of consumption brought by Ukrenergo oblenergos can apply schedules of hourly shutdowns”, – explained the NEC.

As reported with reference to the IAEA on Thursday, the fourth reactor of Rivne NPP is being prepared for shutdown for scheduled repairs. Scheduled repairs are also underway at one of the units of the Pivdenno-Ukrainian NPP. A total of nine power units with a capacity of 7.8 GW are available to Ukraine after the occupation of Zaporizhzhya NPP.

There were no electricity restrictions from Tuesday through Friday after two units were taken out of repair on May 26 and 27.

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