Business news from Ukraine

Business news from Ukraine

Fuel market in Ukraine is stable and fully supplied, according to Ministry of Energy

The fuel market in Ukraine is functioning stably and is fully supplied with the necessary resources, according to the Ministry of Energy of Ukraine, citing Deputy Minister Mykola Kolisnyk.

“January is traditionally a period of low seasonal consumption. However, current realities, in particular the active operation of generators, are supporting demand for fuel. Despite this, thanks to the coordinated actions of the government and market operators, this demand is being steadily met,” he said.

According to Kolisnyk, the diversification of supply routes has ensured stable and regular logistics of light petroleum products for the continuous supply of consumer needs. Currently, fuel is delivered to Ukraine by road, rail, and sea transport.

“No single infrastructure facility is critical, and in the event of local restrictions, the market automatically switches to alternative routes,” he explained.

The deputy minister also noted that the current logistics situation does not create grounds for price fluctuations, shortages, or market destabilization.

“Pricing in the fuel market is determined by a complex of factors, including world prices and tax policy. Logistics does not create grounds for price fluctuations or shortages,” he stressed.

According to the Ministry of Energy, more than 344,000 tons of fuel have been imported into Ukraine since the beginning of 2026, with domestic producers continuing to play an important role.

Currently, Ukraine has a state system for monitoring fuel volumes and quality, as well as a system of minimum reserves of oil and petroleum products.

“The administrator of the electronic reporting system is JSC Market Operator. This allows the state to see the market balance in real time, control the quality of fuel, and respond quickly to any signs of crisis,” Kolisnyk emphasized.

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Kernel increased oilseed processing and grain exports

Kernel, one of Ukraine’s largest agricultural holdings, processed 995,000 tons of oilseeds in the second quarter of fiscal year 2026 (FY, October-December 2025), which is 2% more than in the same period last year and 78% more than in the previous quarter, the agricultural holding reported in its quarterly report.

It specified that sunflower seeds accounted for 85% of the total volume, with the remainder being soybeans, which were processed to partially offset the impact of limited availability of sunflower seeds on the domestic market.

According to the agricultural holding, oilseed processing volumes in July-December 2025 decreased by 6% compared to the same period last year, to 1.6 million tons, which is a result of a decrease in processing volumes under tolling agreements compared to the corresponding figure a year ago.

Sales of Kernel edible oil in the second quarter of 2026 amounted to 411 thousand tons, which is at the level of the same period last year, but the total figure for the first half of the year exceeded the result for the same period a year ago by 30% due to higher oilseed processing volumes. Bottled sunflower oil accounted for 17 thousand tons of total sales.

Silos received 2.3 million tons in the second quarter of 2026 FY, reaching 3.5 million tons in the first six months of 2026 FY.

“The 35% increase on an annualized basis was supported by higher overall grain availability due to increased corn yields in the group’s own agricultural segment, as well as increased grain consumption from third-party suppliers,” the agricultural holding explained.

Kernel’s grain exports reached 1.5 million tons in the second quarter of FY 2026, up 21% from the previous quarter. On an annualized basis, volumes increased by 10%, mainly reflecting the low comparative base of the previous year. The agricultural holding added that overall export rates remained limited due to delays in the harvesting campaign and continued slow sales to farmers.

The throughput capacity of Kernel’s export terminal in the second quarter of 2026 FY was 2.5 million tons, up 35% compared to the previous quarter. Grain crops accounted for 71% of total shipments, edible oils for 16%, and vegetable meal for the rest.

“At the same time, over the six months, the throughput capacity of the terminals decreased by 11% compared to the same period last year amid intensified Russian attacks on Ukrainian ports on the Black Sea and the Danube in the Odesa region, which led to prolonged disturbances and disruptions in the operation of the group’s terminals,” the agricultural holding stated.

Kernel recalled that in October-December 2025, Russian drones twice damaged the group’s port infrastructure in the Odesa region, including vegetable oil storage tanks and a number of production facilities. Preliminary estimates indicate a loss of approximately 500 tons of sunflower oil.

Before the war, Kernel was the world’s leading producer of sunflower oil (about 7% of global production) and its exporter (about 12%). It is one of the largest producers and sellers of bottled oil in Ukraine. It is also involved in the cultivation and sale of agricultural products.

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EU Delegation to Ukraine has opened registration for EU Study Days 2026 online courses

The European Union Delegation to Ukraine has announced a new round of enrollment for the EU Study Days 2026 online courses, with the program also open to adults from 2026. The deadline for applications is 11:00 p.m. on February 7, 2026.

The training is scheduled for the period from February 16 to March 31, 2026. Students in grades 9-11, senior undergraduate and graduate students of Ukrainian universities, postgraduate students, as well as representatives of EU networks in Ukraine, including Euroclubs and EU information centers, are invited to participate.

The program includes 10 modules on the history of the EU, its institutions, values, and policies, as well as on Ukraine’s European integration. The format includes video lectures by diplomats and experts from the EU Delegation, European and Ukrainian specialists, webinars, discussions, and master classes on the Zoom and Webex platforms. Upon completion, participants will receive a certificate indicating the duration of the training, the number of hours, and the list of modules.

It is also reported that the 45 most active and successful participants from among schoolchildren, students, and adults will be able to participate in an offline school.

To participate, you must fill out an application and, if selected, take an online test on the project platform.

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Ukrzaliznytsia received 2,000 tons of rails from Japan for railway repairs

Ukrzaliznytsia received 2,000 tons of high-tech R-65 rails from Japanese manufacturer Nippon Steel, with another 1,000 tons expected to be delivered by the end of January, according to a press release from the Ministry of Community and Territorial Development on Thursday.

According to the release, this cooperation was made possible within the framework of the third phase of the emergency recovery program through the Japan International Cooperation Agency (JICA).

“This was the result of systematic interaction and successful agreements with Japanese partners on the part of the Ministry in early 2025. Ukraine currently does not have its own rail production, so attracting partner support is necessary and crucial for the functioning of the Ukrainian railway,” the ministry emphasized.

It is noted that the cooperation currently involves the transfer of 3,000 tons of rails for a total amount of about $4 million.

The ministry specified that railway workers use mobile complexes to weld rails directly on the tracks and thermally join joints, resulting in the creation of a so-called “velvet track” without joints, which increases its service life and ensures smooth train movement.

“We are sincerely grateful to the Government of Japan for its strategic support, which allows us not only to maintain the network, but also to carry out major repairs in accordance with the highest international standards, ensuring reliable connections even in the most difficult times,” said Marina Denisyuk, Deputy Minister of Community and Territorial Development, in a press release.

The Ministry of Development recalled that support from the Japanese government and JICA has continued since the beginning of the full-scale invasion by the Russian Federation. In particular, during this period, almost 25,000 tons of rails have been delivered, which has made it possible to renovate more than 193 km of tracks on strategic routes of the Lviv, South-Western, Dnipro, Southern, and Odesa railways.

In addition, railway workers also received 24 units of construction and loading/unloading equipment from Komatsu, Toyota, and Sonalika, 22 of which were track equipment, and the total cost of equipment and materials supplied during the first two phases of the program exceeded $42 million, the agency noted.

“The delivered equipment, namely wheel excavators, loaders, and bulldozers, has already worked more than 13,000 motor hours on emergency repair work,” the agency emphasized.

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Export Credit Agency increased support for Ukrainian exports by 39%

In 2025, the Export Credit Agency (ECA) provided support in the amount of UAH 10.43 billion, which is almost 39% more than in the previous year (UAH 7.53 billion), according to the agency’s website.

During the year, the ECA insured 84 loan agreements and supported 106 export agreements for 75 Ukrainian exporters, which exceeds the corresponding figures for 2024 (87 loans, 98 agreements, and 69 exporters).

The leaders among partner banks in 2025 were: Kreditvest Bank, Oschadbank, and Ukrgasbank.

The largest volumes of supported exports were recorded in Lviv, Khmelnytsky, Ternopil, and Volyn regions, as well as in Kyiv. The importing countries included Poland, Austria, the Czech Republic, Lithuania, and Germany.

In the structure of supported exports in 2025, the largest share was occupied by products of the woodworking and food industries, as well as the agricultural sector.

The top five commodity items included the production of wooden containers, the production of oil and animal fats, as well as the activities of intermediaries in the trade of food, beverages, and tobacco products.

The Export Credit Agency of Ukraine (ECA) is a state institution that supports non-commodity exports by insuring the risks of enterprises and banks. The agency insures foreign economic contracts, export credits, bank guarantees, and investment credits against military risks.

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Lithuania is sending Ukraine more than 90 generators worth €2 mln

Lithuania is sending Ukraine more than 90 generators to ensure the functioning of heating, electricity, and critical infrastructure, Lithuanian Prime Minister Inga Rūginienė said.

“Ukrainians are facing a serious shortage of electricity and heating due to Russia’s continuous shelling of energy infrastructure — a deliberate, brutal strategy that has been used every winter since the start of the war, this time with particular intensity and recklessness. Lithuania is sending more than 90 generators to ensure the functioning of heating, electricity, and critical infrastructure,” she wrote on social media.

The prime minister emphasized that Lithuania stands firmly on the side of Ukraine.

“On Ukraine’s Unity Day, we are sending warmth from Lithuania – power generators worth over €2 million. Lithuania supports Ukraine. Glory to Ukraine!” Lithuanian Foreign Minister Kęstutis Budrys wrote on social media.

Ukrainian Foreign Minister Andriy Sybiga also reported that he had spoken with his Lithuanian colleague and friend Kęstutis Budrys and thanked him for the announced assistance.

“I am sincerely grateful for the important news that Lithuania is providing Ukraine with much-needed additional energy assistance — a large number of generators to strengthen our resilience.

This is vital and timely assistance,” Sybiga wrote.

He informed his colleague about the situation on the battlefield and the latest developments in the peace talks.

The ministers agreed on further contacts at various levels and coordinated their positions ahead of international events to be held next week.

They paid particular attention to the next steps in promoting Ukraine’s integration into the EU.

“On this symbolic day — Ukrainian Unity Day — I expressed my gratitude to Kęstutis for his personal efforts in support of Ukraine and congratulated him on being awarded the Order of Merit by President Volodymyr Zelenskyy,” Sibiga said.

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