In January this year, Ukraine’s metallurgical enterprises reduced their revenues from ferrous metal exports by 20.2% year-on-year to $218.769 million.
According to statistics released by the State Customs Service (SCS) on Tuesday, ferrous metals accounted for 6.88% of total export revenues in the period, compared to 8.06% in January 2014.
At the same time, Ukraine increased imports of similar products by 4.7% to $114.509 million in January 2025. In December, products worth $108.227 million were imported.
In addition, Ukraine increased exports of metal products by 22.3% to $78.672 million in January-2025. In December, they were exported for $73.676 million.
Imports of metal products increased by 5.1% to $76.381 million over the same period. In December, these products were imported for $76.205 million.
As reported, in 2024, Ukrainian steelmakers increased revenues from ferrous metal exports by 16.9% year-on-year to $3 billion 96.343 million. At the same time, Ukraine increased imports of similar products by 13.1% to $1 billion 478.814 million last year. In December, products worth $108.227 million were imported.
In 2023, Ukraine reduced revenues from exports of ferrous metals by 41.6% compared to 2022, to $2 billion 647.72 million, with ferrous metals accounting for 7.3% of total revenues from exports of goods in this period, compared to 10.3% in 2022. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.05 million.
In addition, in 2023, Ukraine decreased exports of metal products by 16.6% year-on-year to $877.92 million, while imports of metal products increased by 40.3% to $902.57 million.
Ukraine is ready to expand cooperation in the livestock market with Turkey, Minister of Agrarian Policy and Food Vitaliy Koval said following talks with Turkish Trade Minister Omer Bolat.
The minister noted that the meeting in Istanbul was attended by about 50 Turkish companies, including the largest agricultural producers of feed, meat products, food products, and food warehouses.
“I told them about the priorities of the Ministry of Agrarian Policy: the development of livestock and deep processing. I invited Turkish business to invest in the construction of processing plants in Ukraine. I am sure that their agro-processing companies can find new high-quality markets for their business in Ukraine. This will be beneficial for both countries,” Koval emphasized.
According to him, cooperation between Ukraine and Turkey is at a good level. Turkey is Ukraine’s fourth largest trade partner. The trade turnover of agricultural products between Ukraine and Turkey amounted to $2.2 billion in 2024. Ukraine exported $1.6 billion worth of products to Turkey. Among the most popular are traditional Ukrainian agricultural crops: corn, sunflower oil, soybeans, sugar, and more.
The Minister of Agrarian Policy assured that Ukraine and Turkey will continue to develop cooperation, not only at the level of governments but also business associations.
The US president said that Ukraine could “negotiate” to prevent war.
Earlier, US President Donald Trump said that elections should be held in Ukraine, as incumbent President Volodymyr Zelenskyy allegedly has a low rating, and that Russia allegedly wants the war to end.
“Now we have a situation in Ukraine where there have been no elections for a long time. Martial law has been introduced there. And the Ukrainian leader now, no matter how sad I am to say it, has 4% support,” Trump said at a press conference in Mar-a-Lago following the US-Russia talks in Riyadh on February 18.
According to him, it is not Russia that is demanding elections in Ukraine, but an “objective situation” because there have been no elections for a long time.
It is not yet clear where Trump got these sociological data from.
The US president also says that Russia is desperate to “stop” the war.
In 2024, Lemtrans, Ukraine’s largest private rail transportation operator, increased its investments by 2.9 times compared to 2023 to UAH 478 million, while total transportation volume decreased by 6% to 15.9 million tons.
“Lemtrans continues to work to ensure the logistics and economic stability of Ukraine by supplying critical raw materials and investing in new infrastructure projects… In 2024, the group allocated more than UAH 478 million for infrastructure and logistics projects, which is three times higher than in 2023, when investments amounted to more than UAH 160 million,” Lemtrans’ press service said on Tuesday.
The company has invested in the development of terminals and container business, allocating UAH 441 million in this area, the statement said.
In the second half of 2023, the construction of a modern container terminal in Vinnytsia was completed. Lemtrans also continued to implement an investment program aimed at maintaining the railcar fleet and further improving the efficiency of railcar repair facilities. The volume of scheduled and current repairs of freight cars in 2024 reached 5,635 units.
Lemtrans’ total transportation volume in 2024 amounted to 15.9 million tons, which is 6% less than in 2023, the press service reported.
Coal accounted for the bulk of transportation – 10.9 million tons. Iron ore was the second largest (2.3 million tons). In addition, the company transported 2.01 million tons of construction materials and 0.6 million tons of other cargo in 2024, the report said.
“Starting from the third quarter, coal transportation decreased due to the massive attacks by Russia on Ukraine’s energy infrastructure. Damage to production assets led to a reduction in transportation volumes by shippers,” the company’s press service explained.
Based on the results of their activities in 2024, the companies that are part of the Lemtrans group transferred more than UAH 712 million in taxes and fees to the budgets of all levels. This is 30% less than in 2023, when UAH 929 million was paid.
“In 2024, Lemtrans transferred about UAH 647 million to the state budget. Local budgets were replenished by UAH 66 million. In addition, Lemtrans Group paid more than UAH 59 million in unified social tax, the press service said.
“Despite the challenges of wartime, we continue to invest in infrastructure projects… The container terminal in Vinnytsia expands the access of Ukrainian enterprises to world markets, contributing to the growth of export-import operations and strengthening the economic potential of both the region and the country as a whole. This is especially important in the current environment, when economic sustainability is a key factor for Ukraine,” Lemtrans CEO Volodymyr Mezentsev said, as quoted by the press service.
Earlier it was reported that Yegor Grebennikov, co-owner of the port operator Transinvestservice (TIS), will become a co-owner of the Mostyska Dry Port project in Vinnytsia, which Lemtrans is implementing jointly with Rail Investment. The relevant permission was granted by the Antimonopoly Committee.
Number of dead and wounded civilians in Ukraine from 24.02.2022 till 31.10.2024 un data
Source: Open4Business.com.ua
KP “Vinnitsa transport company” on February 17 announced a tender for insurance services on automobile and urban electric transport (carrier’s liability for damage caused to passengers and luggage).
According to the message in the system of electronic public procurement ProZorro, the expected cost of the purchase of services is UAH 6.421 million. The deadline for submission of bids is February 27.
