Business news from Ukraine

Business news from Ukraine

UKRAINE PLANS TO LIBERALIZE TRUCKING WITH UK

The Cabinet of Ministers of Ukraine has proposed the Verkhovna Rada to ratify the protocol signed between Ukraine and the UK in 2019, which will provide an opportunity to create legal grounds for international freight transportation by Euro-5 and higher vehicles without obtaining necessary permits.
The Cabinet of Ministers adopted a corresponding decision on July 15.
According to an explanatory note to the document, the text of which is available to Interfax-Ukraine, the corresponding protocol was developed with the aim of improving the legal framework, intensifying the process of liberalization of international road transportation between Ukraine and Britain, in particular to avoid a situation with a lack of permits for Ukrainian road carriers, as occurred with Ukraine and Poland.
According to the developer of the document, the Ministry of Infrastructure of Ukraine, the implementation of international freight carriage without permits will give an extremely positive impetus to the development of trade between countries, as well as the development of the transport sector.
“Now the fleet of vehicles transporting to the United Kingdom of Great Britain and Northern Ireland includes vehicles with engines that meet high environmental standards. The implementation of this draft protocol will provide new opportunities for domestic carriers to carry out their activities. In addition, Ukraine will be able to attract additional freight traffic, as British carriers will also be able to carry out transportation to Ukraine without permits,” the Ministry of Infrastructure said.

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UKRAINE DECIDES TO BAN WAGON IMPORT FROM RUSSIA

The Cabinet of Ministers of Ukraine decided to ban the import of wagons of residents and the railway administration of the Russian Federation into Ukraine at a meeting on Wednesday, Verkhovna Rada deputy Oleksiy Honcharenko (the European Solidarity faction) said on his Telegram channel. According to the document released by him, in particular, the import of wagons into the customs territory of Ukraine, among the railway administrations, in registration of which there is or was the railway administration of the Russian Federation from February 20, 2014, is forbidden until December 31, 2020 (inclusively).
The decision comes into force from the day of its publication.
“By the Cabinet of Ministers of Ukraine decision No. 1147 dated December 30, 2015 a ban on the import into the customs territory of Ukraine of railway wagons that were in use and which are imported in the customs regime of imports from the Russian Federation has already been introduced. However, since November 2019 Ukraine’s resident legal entities purchased 1,165 wagons, the country of origin of which was not Russia. Some 608 wagon of them were previously owned by resident enterprises of the Russian Federation, and 15 wagons were owned by resident enterprises of the Russian Federation since 2014. In order to ban such rolling stocks as well, we made the relevant amendments to the decision, which the government supported today,” Minister of Infrastructure of Ukraine Vladyslav Krykliy said.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 15/07/20

National bank of Ukraine’s official rates as of 15/07/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 15

Official rates of banking metals from national bank as of July 15

One troy ounce=31.10 grams

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DRAFT GENERAL PLAN OF KYIV INCLUDES RAILWAY TRANSPORT HUBS DEVELOPMENT

The draft general plan of Kyiv includes the construction of an external bypassing railroad from Nizhyn to Korosten directions for passing transit freight traffic which has overloaded the capital’s railway hubs recently.
The press service of Kyiv City State Administration said referring to the municipal organization Kyivgenplan on Wednesday that the main railway development measures include:
– construction of a railway junction at various levels near the Livy Bereh (Left Bank) stop;
– construction of additional running lines on the sections: Kyiv-Demiyivsky – Darnytsia, Zhuliany – Hlevakha, Kyiv – Myronivka;
– closure of 66 low-density line at ten freight stations;
– creation of three transport and storage facilities near Kozhukhivka in Vasylkivsky district, Kalynivka in Brovarsky district, Ukrainka at the facility with new freight districts of the river port;
– closure of freight stations and Kyiv-Tovarny, Kyiv-Dniprovsky yards, Kyiv-Pochaina freight yard, Kyiv-Pasazhyrsky hauling yard and Darnytsia sorting yard.
As reported, the draft general plan of Kyiv also envisages the construction of two new bus stations at Kyiv’s exits and shutdown of the Central Bus Station.

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PAINTING STOLEN BY NAZIS DURING WWII RETURNS TO UKRAINE

Pierre Louis Goudreaux’ painting “An Amorous Couple,” stolen by the Nazis during WWII, has returned to Ukraine, said Minister of Culture Oleksandr Tkachenko.
“This story is sad, but with a happy ending. The Nazis stole the painting from the museum’s storerooms in 1943. After the war, the painting appeared on the antique market. In 1953 it ended up in a private collection in the U.S. For 60 years ‘An Amorous Couple’ was put up for sale, but at the request of the owners – the Khanenko Museum – the sale was stopped,” Tkachenko wrote on his official Telegram channel on Tuesday, July 14.
The Minister of Culture of Ukraine invited everyone to visit the Khanenko Museum and see the masterpiece.
As previously reported, U.S. law enforcement agencies transferred the painting “An Amorous Couple” by Pierre Louis Goudreaux to Ukraine, stolen by the Nazis during World War II.
During the Second World War, the painting was stolen by the Nazis from Kyiv National Museum of Khanenko and subsequently ended up in the United States.

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