Business news from Ukraine

Business news from Ukraine

ENERGOATOM AND WESTINGHOUSE SIGN AGREEMENT ON SUPPLY OF NUCLEAR FUEL TO ALL UKRAINIAN NUCLEAR POWER PLANTS

Energoatom and American Westinghouse signed an agreement on the supply of nuclear fuel to all nuclear power plant (NPPs) in Ukraine on June 2 at the site of Khmelnytsky NPP, the company told Interfax-Ukraine on Friday.
“In connection with the refusal to purchase Russian nuclear fuel, Energoatom agreed with its strategic partner, Westinghouse, to increase the supply of American nuclear fuel for all Ukrainian nuclear power plants,” the company said.
We are talking about both the supply of nuclear fuel for existing nuclear power units, and for those that Energoatom and Westinghouse are still planning to build in Ukraine.
Fuel deliveries will be made from Westinghouse’s production site at Västerås in Sweden.
“At the same time, production of fuel assembly components will be carried out in Ukraine on the basis of one of the separate divisions of Energoatom, which is currently completing the qualification for production of assemblies for Westinghouse fuel,” the company emphasized.
In addition, on June 2, Energoatom and Westinghouse signed two more agreements at Khmelnytsky NPP: on increasing the number of nuclear power units to be built using the AP 1000 technology in Ukraine from five to nine units, and on establishing the Westinghouse engineering and technical center in Ukraine.

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UKRAINE REMAINS DEPENDENT ON IMPORT OF FISH

Ukraine continues to be an import-dependent state in the market of fish and fish products with a negative trade balance, while the Russian full-scale invasion has only worsened the situation in the industry.
The relevant conclusions were announced by members of the Verkhovna Rada Committee on Agrarian and Land Policy during off-site committee hearings in Izmail (Odesa region) on Thursday, according to the website of the parliamentary committee.
According to it, due to the aggression of the Russian Federation, Ukrainian producers in the Azov-Black Sea basin actually did not work in 2022 due to violations of logistics, the destruction of warehouses of frozen products by enemy shelling, the debt of retail chains for the supply of fish products and the absence of fish in the list of critical imports.
The committee also emphasizes that, in addition to military factors, the fishing industry in Ukraine suffers from systemic problems that have accumulated over the years. These are the lack of effective management for many years, in particular the lack of a strategy and program for the development of fisheries; outdated regulatory framework in the industry; the difficulty of obtaining the right to conduct aquaculture and commercial fishing, unequal access to a common limited resource and the existence of shadow fisheries.
Based on the results of the hearings, draft recommendations have been prepared, which will be considered at the committee meeting.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 03/06/22

National bank of Ukraine’s official rates as of 03/06/22

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JUNE 03

Official rates of banking metals from national bank as of June 03

One troy ounce=31.10 grams

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PACKAGE OF EU SANCTIONS PROVIDES FOR PHASE-OUT OF RUSSIAN OIL: FROM 6 MONTHS FOR CRUDE OIL TO 8 MONTHS FOR OTHER REFINED PRODUCTS

The sixth package of EU sanctions provides for a phase-out of Russian oil, in particular from 6 months for crude oil to 8 months for other refined products, the European Council reported.
“The EU has decided to ban the purchase, import or transfer of crude oil and certain petroleum products from Russia to the EU. The phase-out of Russian oil will take from 6 months for crude oil to 8 months for other refined products,” the European Council said in a press release on its website. on Friday.
A temporary exemption is provided for the import of crude oil by pipeline to those EU member states that, due to their geographical position, suffer from a special dependence on supplies from Russia and do not have viable alternatives.
“Moreover, Bulgaria and Croatia will also receive temporary derogations regarding the import of Russian marine oil and vacuum diesel fuel, respectively,” the European Council said.

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QUOTES OF INTERBANK CURRENCY MARKET OF UKRAINE (UAH FOR 1 RUB, IN 01.04.2022-30.04.2022)

Quotes of interbank currency market of Ukraine (UAH for 1 RUB, IN 01.04.2022-30.04.2022)

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