Business news from Ukraine

Business news from Ukraine

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effective management for many years, in particular the lack of a strategy and program for the development of fisheries; outdated regulatory framework in the industry; the difficulty of obtaining the right to conduct aquaculture and commercial fishing, unequal access to a common limited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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UKRAINE RECEIVED FIRE AND RESCUE EQUIPMENT FROM AUSTRIA

11 units of fire and rescue equipment, five resuscitation vehicles, as well as equipment and machinery from Austria have arrived in Ukraine, the State Emergency Service reports.
“11 units of fire and rescue equipment and five reanimobiles arrived in Ukraine today. They were provided by the emergency services of Vienna. In addition to equipment, a lot of other equipment and equipment arrived, which is so necessary for our victory over the Russian occupiers,” reads a message published in telegram channel.
It is emphasized that “all this valuable technical assistance will be able to strengthen the combat capability of the units of the State Emergency Service of those regions that are working to eliminate fires and emergencies caused by the war.”

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