France will provide Ukraine with at least EUR60 million by the end of this year, according to Pierre Elbrun, the French President’s Special Envoy for Ukraine’s Relief and Recovery.
“As winter approaches, the situation is becoming critical – we must act now to quickly offer concrete energy solutions,” he wrote on social media X following a meeting of the G7+ Ministerial Group on Energy Support to Ukraine at the level of foreign ministers on the sidelines of the 79th session of the UN General Assembly on Monday evening.
At the meeting, U.S. Secretary of State Anthony Blinken noted that the G7+ countries have mobilized more than $4 billion to support Ukraine’s energy sector since the start of Russia’s full-scale invasion.
In a statement following the G7+ ministerial meeting, the countries welcome further commitments of funding and in-kind support to cover the most urgent needs of the Ukrainian energy sector, including repairing damaged power plants and district heating systems, deploying new, distributed energy sources, emergency backup power for critical services, and passive protection of energy infrastructure.
Geographical structure of Ukraine’s foreign trade (exports) in Jan-June 2024, thousand USD
Open4Business.com.ua
Vehicle traffic through the Ustyluh-Zosyn checkpoint on the Ukrainian-Polish border has been fully resumed.
Due to a malfunction of the Polish Border Guard Service’s networks, the passage of vehicles through the Ustyluh-Zosyn checkpoint was temporarily suspended, and later the clearance was carried out in a slow mode.
Currently, the networks and databases of the neighboring party have been fully restored, so the clearance is carried out in a normal mode.
Ukrainian President Volodymyr Zelensky, who is in New York for a meeting of world officials at the United Nations, held talks with the leaders of Germany, India and Japan on Monday in an attempt to win support for Kiev’s military action, Reuters reported.
“We talked about how to bring a just peace closer,” Zelensky said on his messaging app Telegram after his meeting with German Chancellor Olaf Scholz. “The main thing is to keep unity,” he said.
“We talked about how to bring a just peace closer,” Zelensky said on his Telegram messaging app after his meeting with German Chancellor Olaf Scholz.
Zelensky said he also met with Indian Prime Minister Narendra Modi.
“Germany has been one of the most significant European supporters of Kiev’s defensive struggle against Russia”.
Following the UN General Assembly sessions, Zelensky will travel to Washington later this week to present his “victory plan” to influence White House policy on the war regardless of who wins the Nov. 5 U.S. election. “We are dynamically developing our relations”, he said in Telegram after the meeting.
Reuters reported earlier this month that artillery shells sold by Indian arms makers were diverted by European customers to Ukraine and New Delhi did not intervene to stop the trade despite protests from Moscow, India enjoys warm relations with Russia, its main arms supplier for decades, and Prime Minister Narendra Modi has refused to join a Western-led sanctions regime against Moscow.
Zelensky also held talks with Japanese Prime Minister Fumio Kishida over Japan’s energy aid to Kiev.
“Restoring power supply after Russian shelling and preparing for winter are the tasks we are now actively working on,” Zelensky said in a message on messaging app Telegram.
“Together with Prime Minister Fumio Kishida, we discussed the situation in the energy sector.”
Japan was one of several countries sending aid, including $4.5 billion this year, according to the Japanese foreign ministry’s website.
Tovkachivskyi Mining and Processing Plant (TGOK, Pershotravneve, Zhytomyr region) will summarize the company’s performance in 2020-2023, decide on the distribution of profits for this period, terminate the powers of the existing members and elect new ones.
According to the company’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), such issues are on the agenda of the remote general meeting of shareholders scheduled for November 8 this year.
The shareholders intend to amend the company’s charter by restating it in a new version, cancel the existing ones and approve new internal regulations governing the activities of the company’s management and control bodies.
It is also planned to consider the issue of dissolving the company’s reserve capital and transferring the funds from it to the company’s retained earnings, and to cancel the current principles of corporate governance. To hear the reports of the Supervisory Board for 2020-2023, the auditors’ findings and approve measures based on the results of their consideration.
In addition, the shareholders will hear and approve the results of the company’s financial and economic activities for 2020-2023 with the distribution of profits or repayment of losses, decide to terminate the powers of the chairman and members of the SB, elect new ones, and appoint an audit entity to provide statutory financial audit services.
The draft decisions state that in 2020, TGOK received UAH 78 million 175,767 thousand, which is proposed to be left undistributed, and no dividends are to be accrued or paid. In 2021, the company made a profit of UAH 44 million 223,637 thousand, which is also proposed to be left undistributed.
For 2022, the net profit amounted to UAH 14 million 659,029 thousand, which is also proposed to be retained. The company ended 2023 with a net loss of UAH 794,133 thousand.
The meeting was proposed to appoint Audit Firm Account PE as the auditor.
TGOK is a quartzite mining, processing and enrichment company. It is the main supplier of raw materials for the production of ferroalloys, refractories and dinas in Ukraine.
TGOK is developing the Tovkachivska area of the Ovruch quartzite deposit in Pershotravneve village using the open-pit method.
According to the second quarter of 2024, Navaro Development Limited owns 5.1898% of the company’s shares, Lucrino Investments Limited – 9%, Mantara Holdings Limited – 72.0629%, Duxton Holdings Limited (all Cyprus) – 12.1891%.
The authorized capital of the company is UAH 1.6 million, the nominal value of a share is UAH 2.25.
Leading global chipmakers Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. are considering building large factories in the UAE to meet future demand for artificial intelligence chips, the Wall Street Journal reported.
According to the newspaper, representatives from these companies recently visited the UAE to discuss building state-of-the-art manufacturing facilities in the coming years.
Plans for these projects are in the early stages, facing significant hurdles, and may not be realized, the paper noted. The total cost of the plants could exceed $100 billion. The projects will be financed by the UAE and its sovereign wealth fund Mubadala.
“We are always open to constructive discussions on ways to promote the semiconductor industry, but we remain focused on our current global expansion projects and currently have no new investment plans” to disclose, a TSMC spokesman told the newspaper.
Samsung did not respond to WSJ’s request for comment.
