National bank of Ukraine’s official rates as of 04/08/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of August 04
One troy ounce=31.10 grams
Odesa seaport in July received a positive financial result from economic activities at the level of UAH 1.3 million.
According to the press service of the Ministry of Infrastructure, the reasons for the company’s profitability are the introduction of a balanced tariff policy, attracting new customers, reducing the company’s expenses and modernizing equipment.
The department notes that the previous periods were unprofitable for the company. In particular, a loss of UAH 9.4 million was recorded in June. Over the past six months, the total loss of the enterprise amounted to UAH 29 million.
“For the first time in the past six months, Odesa port will profit from its activities. The indicator for June in the amount of UAH 4 million is the largest since July last year. The successful result was demonstrated despite the fact that, in general, July was the month with the lowest number of ship calls since the beginning of 2021,” the ministry said.
In January-June 2021, Odesa seaport handled 10.402 million tonnes of cargo, which is 13.6% less than in the same period in 2020. In 2020, the seaport handled 23.37 million tonnes of cargo, which is 7.8% less than in 2019.
The Swiss authorities have lifted restriction on entry of Ukrainian citizens into the country.
“The restriction on entry into Switzerland has been lifted for citizens of Ukraine since August 2,” the online resource of the Ministry of Foreign Affairs of Ukraine reports.
It is noted that in order to enter Switzerland, Ukrainians must present a certificate of a full vaccination course (if 14 days have passed since the last dose), a negative PCR test result (must be done a maximum of 72 hours before entry), a negative rapid antigen test result (must be done a maximum of 48 hours before entry) or confirmation that you have had coronavirus in the last six months and have recovered.
At the same time, only a certificate of vaccination with drugs recognized in Switzerland is taken into account, in particular, Pfizer/BioNTech (BNT162b2/Comirnaty/Tozinameran), Moderna (mRNA-1273/Spikevax/COVID-19 vaccine Moderna), AstraZeneca (AZD1222 Vaxzevria/C, Janssen/Johnson & Johnson (Ad26.COV2.S), Sinopharm/BIBP (SARS-CoV-2 Vaccine (Vero Cell)), Sinovac (CoronaVac).
“For persons who arrived in Switzerland from regions with dangerous variants of the virus and who have been in these regions for more than ten days, and who are not vaccinated or cannot prove that they have had COVID-19 in the last six months, a ten-day quarantine is provided,” the Foreign Ministry said.
Ukraine may receive a $700 million tranche from the International Monetary Fund (IMF) in September, the adviser to the President of Ukraine on economic issues, Oleh Ustenko, has said.
“The President of the country had a more than successful telephone conversation with Managing Director of the International Monetary Fund Kristalina Georgieva. The IMF mission is going to Ukraine. In addition, Ukraine has implemented all the preconditions of the IMF. We expect that a new tranche of about $700 million will be received from the IMF rather quickly,” he told Interfax-Ukraine.
“I suppose that now we are moving according to the following scenario: in September – the mission, at once the issue of Ukraine is brought up to a meeting of the IMF Board of Directors, and in September I expect that we will receive a new tranche,” the president’s adviser added.
At the same time, Ustenko does not rule out the possibility of extending the Stand-By Arrangement (SBA).
“We have made serious progress, and this was noted. So I do not rule out that the SBA may be extended,” he said.
The U.S. Department of Commerce, following antidumping investigations of seamless carbon and alloy steel standard, line, and pressure pipes from Russia, South Korea and Ukraine, has announced the size of the final duties.
According to the information on the official website of the International Trade Administration, the final dumping level (the amount of antidumping duties) for seamless pipes from Korea is set at 4.48% for all Korean companies, including ILJIN Steel Corporation) and 4.44% is the dumping margin with an adjustment to offset export subsidies. For Russian companies, including TMK it is 209.72%, for Ukrainian companies, including Interpipe it is 23.75%.
In addition, countervailing duties have been set for all Korean companies in the amount of 1.789%, for ILJIN Steel Corporation – 1.78%, for all Russian companies – 48.38%.
The duties will be imposed in the event of a positive final decision from the U.S. International Trade Commission (ITC). The ITC shall make its decision on August 9 of this year, and the order shall be issued on August 16.
The published documents state that 11,471 tonnes were imported from the Russian Federation to the United States in 2020, in 2019 – 39,634 tonnes, in 2018 – 38,024 tonnes, from South Korea – 23,068 tonnes, 17,112 tonnes and 15,839 tonnes, from Ukraine – 32,801 tonnes, 43,667 tonnes and 38,974 tonnes, respectively.
