As of May 1, 2022, according to preliminary data, Ukraine’s international reserves amounted to $26 billion 944.9 million (in equivalent), which is 4% less than at the beginning of April ($28.107 billion), according to the data National Bank of Ukraine, released on Friday.
“As of May 1, 2022, Ukraine’s international reserves, according to preliminary data, amounted to $26.945 billion. According to the results of April, they decreased by 4%, taking into account sales by the National Bank, which was partially offset by foreign exchange earnings in favor of the government,” the regulator explained.
He noted that the dynamics of reserves in April was affected by public debt management operations: the total volume of payments for servicing and repaying state and state-guaranteed debt in foreign currency amounted to $614 million in equivalent.
It is specified that $420 million of them were directed to servicing and redemption of domestic government bonds denominated in foreign currency, $78 million – to redeem Eurobonds.
At the same time, in April, foreign exchange receipts in favor of the government amounted to $1 billion 887 million in equivalent, including EUR629 million and $93 million received from the World Bank, EUR300 million from the French government, $236 million from the Government of Canada and EUR120 from the EU.
In addition, the NBU and the government of Ukraine paid $84 million in favor of the IMF in April.
The NBU operations on the interbank market also affected the dynamics of reserves. In April, the regulator sold $2.244 billion in the foreign exchange market and bought $43 million. In general, by the end of April, the volume of net sales of foreign currency by the National Bank in the interbank foreign exchange market amounted to $2.2 billion.
In addition, the dynamics of the indicator was affected by the revaluation of financial instruments (changes in market value and the exchange rate of the hryvnia against foreign currencies): last month their value decreased by $150.3 million in equivalent, according to NBU data.
The regulator also clarified that the net international reserves (NIR) of Ukraine in April decreased by $791 million, or 4.5%, to $16.779 billion.
As reported, at the beginning of 2022, Ukraine’s international reserves amounted to $30.941 billion, NIR – $20.767 billion.
The Ministry of Infrastructure of Ukraine and the Ministry of Infrastructure and Development of Poland have agreed to cancel permits for all carriers engaged in international transportation of fuel, the press service of the Ministry of Infrastructure reported on Friday.
“Russian missile strikes on refineries and oil depots have created a critical situation in the fuel market. The goal of the team of the Ministry of Infrastructure in these conditions is the complete liberalization of international freight traffic to solve this problem. The new rules have already entered into force, and both Ukrainian and and Polish carriers. I am grateful to the Polish side for the constructive work,” Minister of Infrastructure Alexander Kubrakov is quoted as saying.
According to him, work will continue on simplifying cargo transportation and creating the most simple and understandable rules for carriers of goods necessary for Ukraine.
To enter the territory of Poland without a permit, fuel carriers must register by filling out the form: https://forms.gle/waid3FnRX1duve9z8
You must fill out the form no later than one day before crossing the border.
As reported, in April, Ukraine and Poland also agreed to increase the volume of rail transportation of Ukrainian exports to the EU and to world markets through Europe. In particular, the parties will set up a joint logistics venture in the near future.
Metinvest mining and metallurgical group will continue the implementation of investment projects in metallurgy, in particular, at Kametstal plant, created at the facilities of Dniprovsky Metallurgical Plant (Kamyanske, Dnipropetrovsk region).
“In March, Kametstal was the only metal producer in the country. In April, we managed to withdraw from hot conservation and resume production at Zaporizhstal. Metallurgy was one of the key industries in Ukraine in peacetime, and during the war it became a significant source of filling budgets at all levels, which is extremely important for our economy, so we will continue to implement investment projects in production, because the restoration of our country is ahead,” CEO of Metinvest Yuriy Ryzhenkov said during a visit to Kametstal steel plant.
According to him, it will be necessary to rebuild the infrastructure of Ukraine – bridges, roads, buildings.
“For all this, metal is very necessary. And it is precisely in this that the role of Kametstal cannot be overestimated,” he said.
Earlier, the general director of Kametstal, Dmytro Lippa, reported that the enterprise was working and is working with 100% capacity utilization.
“We are provided with orders, there are problems with logistics, but we are solving them,” he said.
Metinvest is a vertically integrated mining group of companies that manages assets in every link of the production chain from iron ore and coal mining and coke production to the production of semi-finished goods and finished products from steel, pipes and coils, as well as the production of other high value-added goods. The group consists of mining and metallurgical enterprises located in Ukraine, Europe and the United States, has a sales network covering all key global markets.
Software company TeamViewer has announced the complete cessation of its operations in Russia and Ukraine due to the Russian special operation in Ukraine.
“We have decided to completely phase out any remaining business activity in Russia and Belarus,” the company said in statement on its website.
“On top of compliance with all international sanctions and immediately having stopped new business, we also do not prolong any contracts with customers from Russia or Belarus,” the company said.
Existing subscriptions outside the scope of sanctions which are not affiliated with an unrightful usage of our products will be honored until contract-end but will not be renewed afterwards.
“Moreover, TeamViewer has blocked all unlicensed connections to and from Russia and Belarus to avoid any further usage of our software,” the company said.
TeamViewer (headquartered in Göppingen, southern Germany) is a manufacturer of software for remote access, remote management and remote maintenance of computers and other end devices.
Official rates of banking metals from national bank as of May 06
One troy ounce=31.10 grams
National bank of Ukraine’s official rates as of 06/05/22
Source: National Bank of Ukraine
