Business news from Ukraine

Business news from Ukraine

GERMAN AMBASSADOR SAYS IN INTERVIEW THAT ENERGY MARKET SITUATION CAN NOT INFLUENCE NORD STREAM 2 CERTIFICATION

The situation on the European energy market is unable to influence the certification of the Nord Stream 2 operating company as an independent network operator, German Ambassador to Russia Geza Andreas von Geyr said in an interview with Interfax.”The conclusion of the certification process is required for the pipeline to begin commercial operations, irrespective of the situation on the European energy market. We expect Gazprom to continue to fulfil all contractual obligations towards Europe, particularly in relation to gas transit through Ukraine,” von Geyr said.As reported earlier, the German Federal Network Agency started to process the application from the Nord Stream 2 operating company as an independent operator on September 8. The processing has been suspended as Bundesnetzagentur decided that a subject of its regulation could be only a German subsidiary of the Swiss-based Nord Stream 2 AG, which should be the owner and operator of the German part of the pipeline. The Polish company PGNiG and the Ukrainian opponents of the Project, Naftogaz and Gas Transmission System Operator of Ukraine, have received access to the certification process. The application processing deadline has been moved to the middle of 2022, which means Europe cannot count on gas supply through the new pipeline in the winter season of 2021/22.”The certification process for Nord Stream 2 is being conducted by the independent German regulator, the Bundesnetzagentur, in strict accordance with the provisions of the European Gas Directive. Interested parties can raise their views within that legal framework and have their voices heard. Politically, we have made a commitment that this pipeline must not be used to exert pressure on Ukraine. That is why we are campaigning to see reliable, long-term, contractually agreed gas supplies and transit agreements for Ukraine,” von Geyr said.

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TWO ISLAND-CLASS BOATS DONATED TO KIEV BY THE PENTAGON ARRIVE IN UKRAINE

Two American Island-type boats, which the United States has given to Ukraine as part of material-technical assistance, have arrived in Ukraine on board a cargo vessel, the Ukrainian Navy’s press service said.”Two Island-type boats, which have been given the names the Fastiv and the Sumy, arrived today, on November 23, on board the Ocean Grand vessel from Baltimore, Maryland, the U.S.,” the press service said.The Ukrainian Navy ensign will be hoisted on the Fastiv and the Sumy soon, after which they will begin performing their duties maintaining security in the Black Sea and the Sea of Azov under the command of Ukrainian crews, it said.A new group of Ukrainian sailors earlier took part in a passing out ceremony at a U.S. Coast Guard shipyard after taking a six-week training course to operate Island-type boats, the press service said.

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USA SUPPORTS THE POSITION OF BULGARIAN PRESIDENT RADEV ON CRIMEA

The United States welcomes the position of Bulgarian President Rumen Radev on the Ukrainian Crimea, the Department of State said.”We welcome the statement by President Radev, in which he reaffirmed Bulgaria’s support for Ukraine. The United States, the G7, the European Union and NATO were clear and united in our position that, despite Russia’s attempt to annex Crimea, this is Ukraine,” the Department of State said.Earlier, the European Truth publication said the press service of Bulgarian President Rumen Radev clarified the position of the head of state regarding the occupied Crimea due to his statement during the televised debates in the framework of the election campaign.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 23/11/21

National bank of Ukraine’s official rates as of 23/11/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF NOVEMBER 23

Official rates of banking metals from national bank as of November 23

One troy ounce=31.10 grams

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INDUSTRIAL PRODUCTION IN UKRAINE IN OCTOBER GROWS BY 1.4%

After a 0.7% decline in September in October 2021, industrial production in Ukraine returned to growth and grew by 1.4% compared to October 2020, the State Statistics Service reported on Tuesday.The authority said that, adjusted for the effect of calendar days, industrial production in October 2021 compared to October 2020 rose even more – by 2.2% versus a decline of 0.9% a month earlier.According to statistics, the increase in production was recorded in all sectors: in the extractive industry – by 0.6%, in the processing industry – by 0.4%, but the largest contribution came from the supply of electricity, gas, steam and conditioned air – 7.6%.The State Statistics Service said that compared with September this year, industrial production in the country increased 7.8%, and taking into account the seasonal adjustment it grew by 1.9%.Thanks to such indicators, in January-October of this year, the growth of industrial year-over-year remained at the level of 1.4%, including1.1% in the extractive industry, 1.5% in processing, and 1.7% in the supply of electricity, gas, steam and conditioned air.

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