Internal and external debt of Uraine in 2009-2022
SSC of Ukraine
Against the background of the war and with the aim of reconstruction, Switzerland will strengthen support for Ukraine, Swiss President Ignazio Cassis said.
“Switzerland will double the funding in the framework of bilateral cooperation with Ukraine to more than 100 million francs by 2023 … Responding to the call of the Prime Minister (Denis Shmyhal), we will allocate at least 15 million francs for digital transformation,” he said at the Conference on the restoration of Ukraine in Lugano on Tuesday.
The President added that Switzerland also allocates funds to Ukraine on a multilateral basis through the UN, the World Bank, the EBRD and other organizations.
Cassis noted that the principles formalized later on Tuesday in the Luhansk Declaration would make it easier for Ukraine to raise funding for the Recovery Plan.
Germany is ready to hold a conference on reforms in Ukraine in 2024, German Minister for Economic Cooperation and Development Svenja Schulze said.
“The restoration of a free and democratic Ukraine is our joint goal. Recovery and reforms are elements of what will be a strategic task for the coming years. Therefore, Germany will also host an international expert conference on reconstruction issues. Germany is also ready to host a conference on reforms in Ukraine in 2024 “, she said at the International Conference on the Reconstruction of Ukraine in Lugano (Switzerland) on Tuesday.
Schulze emphasized that the platform for the restoration of Ukraine should unite the Ukrainian government, all international partners and experts.
In addition, the minister stated that her government is committed to providing grants in the amount of EUR426 million in direct support to Ukraine.
Over seven days of daily auctions by NPC Ukrenergo for distribution of access to a cross-section for exporting electricity to Romania, the price of a cross-section increased to UAH 106 million.
Including, according to the results of the auction on July 6, the seventh day after the opening of exports to Romania, 8 winners of the auction, who divided the daily cut, must pay a total of UAH 19.8 million.
The highest cross-section price at this auction was the price at 23:00 – UAH 10.9 thousand UAH/MWh, which was shared by DTEK Zakhidenergo (by 60 MWh), Latest Technologies 3000 (by 15 MWh). h), ERU Trading (by 14 MWh), Energoatom (by 10 MWh) and Smart Trade Energy (by 1 MWh). The absolute record of the week is still the price of 11.67 thousand UAH/MWh. At the same time, experts note that traders in many positions are ready to pay for a cross-section significantly higher than the selling price of a resource in Romania for these hours.
In general, this time, as in previous auctions, more than half of the daily capacity was bought by DTEK Zakhidenergo (for export, a total of 1,377 MWh out of a possible 2,400 MWh per day).
“Le Trading” Ukraine bought a section for export of 281 MWh, “ERU Trading” – for 220 MWh, “Energoatom” – for 239 MWh (yesterday it was only 30 MWh), “Latest Technologies 3000” – by 198 MWh, Nexttrade by 45 MWh, Smart Trade Energy by 24 MWh and DE Trading by 16 MWh.
Once again, the state-owned Ukrhydroenergo participated in the auction without results.
Also, Artlex-Energy and Ukr Gas Resource did not buy anything in this auction.
From Romania on July 6, the section was not reserved.
The section to Poland continues to be purchased at daily auctions in addition to the 147 MW capacity purchased at the monthly auction of DTEK Zakhidenergo – as of July 6, at 65 MW per hour (1560 MWh per day).
According to yesterday’s scenario, the daily cross-section to Moldova on July 6 was divided by Energoatom, which bought out a cross-section for export of 9400 MWh per day and Ukrhydroenergo – by 2400 MWh per day. Another 1 MW per hour (24 MWh in total) was bought by Energy Lab Ukraine, which had not previously participated in the auction.
The section price at all auctions, except for exports to Romania, is 0 UAH/MWh.
As reported, the import-export of electricity to Romania for 100 MW started on June 30. The number of auction winners varies from 5 to 9 participants.
On June 27, ENTSO-E agreed to start commercial exports of the first 100 MW to Europe. First, the resource will be supplied to Romania, then the directions to Slovakia and Hungary will be opened, but in general, the export capacity is 100 MW. In a month, Ukrenergo expects an increase in exports.
In June this year, Ukraine managed to export 2.7 million tonnes of agricultural products, bypassing its seaports – the key export infrastructure of the country, now blocked by Russian troops.
Export growth in June amounted to 30% compared to May, according to the website of the Ukrainian Agribusiness Club (UCAB) on Friday.
In terms of crops in June, grain exports amounted to 1.4 million tonnes (corn – 86%, wheat – 10%, and barley – 3%), having increased by 23% compared to May.
Ukraine exported in June 642,500 tonnes of oilseeds (sunflower seeds – 84%, soybeans – 14%, and rapeseed – 2%), which is 52% more than in the previous month. At the same time, vegetable oil was exported by 45% more – 298,500 tonnes, of which 94% is sunflower and 6% soybean.
Export of sunflower and soybean cake and meal in June amounted to 139,100 tonnes (sunflower – 81%, and soybean – 19%), which corresponds to an increase of 20% compared to May.
“The highest growth rates are demonstrated by oilseeds, namely sunflower seeds. For the Ukrainian market, sunflower seeds have never been an export-oriented crop. Almost the entire volume was processed in Ukraine, after which sunflower oil was exported. The situation has now changed, and it is the export of seeds that has begun to grow,” the association clarified in the message.
According to the UCAB, now the main buyers of Ukrainian agricultural products are the countries closest to Ukraine – Romania, Poland, Bulgaria and Turkey, while before the Russian invasion, the main trading partners of the country were China, India, the Netherlands and Egypt.
“The export of agricultural products needs priority in shipments by land in order to save such an important direction of Ukraine’s economy until the seaports are unblocked. Without establishing the export of all manufactured products, farmers will not have enough funds to harvest already sown crops, and even more so for the next sowing in 2023,” the association stated.
As reported, in May 2022 Ukraine exported 1.74 million tonnes of grain and oilseeds and agricultural products for export by all modes of transport, which is 1.8 times higher than in April.
Switzerland will invest in public and private projects to reduce greenhouse gas emissions in various fields of activity of Ukraine: infrastructure, construction, transport, energy.
The relevant agreements were reached between Minister of the Environment of Switzerland Simonetta Sommaruga and Minister of Environmental Protection of Ukraine Ruslan Strilets during the Ukraine Recovery Conference in Lugano (Switzerland).
“We have made the first practical step for Ukraine to introduce market mechanisms of the climate agreement, create new climate financing channels in Ukraine and incentives for green development for Ukrainian business… I am convinced that the agreement between our governments is a good start for the ‘green’ post-war reconstruction of Ukraine and the achievement of climate goals under the Paris Agreement,” the minister said on Facebook on Monday.
Strilets clarified that Ukraine had pledged to provide Switzerland with verified results of reducing carbon emissions into the atmosphere in return for the investments received.
