Mining enterprises of Ukraine in January-August of this year reduced the export of iron ore raw materials (IORM) in kind by 32.8% compared to the same period last year, to 20 million 10.602 thousand tons.
According to statistics published by the State Customs Service (STS), for the specified period, foreign exchange earnings from the export of iron ore decreased by 53.8% – to $ 2 billion 529.275 million.
Iron ore was exported mainly to Slovakia (19.82% of deliveries in monetary terms), Poland (16.49%) and the Czech Republic (15.95%).
During the reporting period, IORM was imported to Ukraine for $26 thousand in a total volume of 47 tons, while in January-August 2021, iron ore for $158 thousand was imported in a total volume of 1.175 thousand tons. Imports for January-August 2022 were carried out from Norway (46.15%), Great Britain (42.31%) and Italy (7.69%).
As reported, Ukraine in 2021 reduced the export of iron ore raw materials (IORM) in physical terms by 4.2% compared to 2020 – up to 44 million 357.727 thousand tons, but increased revenue by 62.8% – up to $6 billion 899.816 million The export of iron ore was carried out mainly to China (41.90% of supplies in monetary terms), the Czech Republic (9.65%) and Poland (7.99%).
Last year, IORM was imported to Ukraine for $184 thousand in a total volume of 1.202 thousand tons, while in 2020 123 tons of iron ore for $75 thousand were imported. Imports for 2021 were carried out from Egypt (55.98%), the Netherlands ( 21.2%) and Poland (7.07%).
Geographical structure of total trade in goods and services in 2021 (USD thousand)
Benchmark oil prices rose weakly on Friday morning after a sharp decline the day before, driven by a stronger dollar and worries about global fuel demand.
The price of November futures for Brent oil on the London ICE Futures exchange by 8:08 am UTC on Friday is $91.19 per barrel, which is $0.35 (0.39%) higher than the closing price of the previous session. As a result of trading on Thursday, these contracts fell by $3.26 (3.5%) to $90.84 per barrel.
The price of futures for WTI oil for October in the electronic trading of the New York Mercantile Exchange (NYMEX) is $85.30 per barrel by this time, which is $0.20 (0.24%) higher than the final value of the previous session. By the close of the market the day before, the value of these contracts fell by $3.38 (3.8%) to $85.10 per barrel.
“The dollar has rebounded strongly and is holding near recent highs amid a hawkish Fed policy outlook for the coming months,” StoneX energy analysts wrote in a note.
The September Fed meeting will take place next week, and the market is confident that the central bank will again raise its key rate by 75 basis points to slow down the continued high inflation in the US.
“For the near term, we remain cautious on oil prices as the global economy is under pressure from rising rates, undermining fuel demand,” Peter Cardillo, senior market economist at Spartan Capital Securities, wrote in a note.
The first case of monkeypox has been registered in Ukraine, the Ministry of Health reports.
“Currently, the patient is hospitalized in a medical facility for inpatient treatment, he has a mild course of the disease,” the department said.
The Ministry of Health clarifies that the disease was diagnosed thanks to a PCR study conducted by the regional Center for Disease Control and Prevention of the Ministry of Health. Now there is an epidemiological investigation of the specified case.
In order to preserve the comfort of the patient, the department does not specify exactly where the disease was diagnosed.
According to the patient, he had no contact with patients with monkeypox and did not travel abroad. However, the appearance of symptoms of the disease and the preliminary results of the epidemiological history indicate that the patient was infected in one of the major cities in the country.
Of the symptoms of the disease, he has a fever, a rash on his body.
The Ministry of Health clarifies that in Ukraine there is no need for vaccination against monkeypox yet, given the lack of registered cases and the reduced likelihood of their entry. In addition, the World Health Organization does not recommend mass vaccination.
Monkeypox is a smallpox-like disease caused by viruses of the poxvirus family. It is similar to smallpox, but has a lower mortality rate and milder symptoms.
By 2022, monkeypox was recorded in the countries of Central and West Africa, now more than half of all recorded cases occur in South and North America.
There are currently three monkeypox vaccines registered worldwide, but their production and stocks are limited. Some countries are already vaccinating risk groups given the spread of the disease. Previously, vaccination against monkeypox was carried out only in countries endemic for this infection, that is, countries in Africa.
Earlier, Ukrainian experts analyzed this disease and considered the risks of a pandemic to be extremely low. For more details, watch the program about this on the YouTube channel of the Club of Experts:
Prime Minister of Ukraine Denys Shmyhal and President of the European Investment Bank (EIB) Werner Hoyer discussed the restoration of Ukraine and support for small and medium-sized businesses in our state, the government portal reported on Thursday.
“Today, the state understands that large enterprises are under the threat of shelling by Russia. The infrastructure of some of them is damaged or destroyed, as a result of which many have been left without work. So our goal is to quickly create many jobs, and we see the implementation of this task in development and creation of micro, small and medium businesses,” Shmyhal said during the conversation.
Hoyer, in turn, initiated the dispatch of the next EIB mission to Ukraine, during which, in particular, attention will be paid to this area of cooperation.
The head of the Ukrainian government and the president of the EIB discussed the prospects and vision for the renewal of Ukraine, as well as the participation of the EIB in this process.
“I am convinced that the rapid process of Ukraine’s European integration and obtaining full membership will also improve cooperation with the EIB, because this is a good basis for launching new projects for the restoration, modernization and reform of our country,” Shmyhal said, stressing that some infrastructure facilities need to be restored now, therefore Ukraine needs $3.4 billion this year.
Ukraine, Moldova and Romania have agreed to sign an agreement to increase cross-border capacity to increase electricity trade, Ukrainian Foreign Minister Dmytro Kuleba said.
“We reached several important agreements today to develop our relations in the energy sector, and our teams will continue to work on their implementation. In particular, we agreed to sign a trilateral intergovernmental agreement on increasing cross-border capacity to increase the volume of electricity trade,” Kuleba said at the meeting. press conference in Odessa on Thursday.
Kuleba drew attention to the fact that the meeting in the format of the Ministers of Foreign Affairs and Ministers of Energy of Ukraine, Moldova and Romania is taking place for the first time.
“Three of our countries, and immediately foreign ministers and energy ministers. There is a very clear reason and goal for this – we want to build qualitatively new relations in the energy sector between our three countries, and this will be important not only for energy, but also for security and prosperity in our region,” the minister stressed.
Currently, Ukraine exports electricity to Moldova in the amount of about 165 MWh, with a possible maximum of 600 MWh, and to Romania – 150 MWh.
