Business news from Ukraine

Business news from Ukraine

Conservative Party of Canada promises to transfer $22 bln worth of frozen Russian assets to Ukraine

The leader of the Conservative Party of Canada, Pierre Poilievre, said that his future government would transfer frozen Russian assets worth $22 billion to Ukraine, the official website of the Conservative Party of Canada reported on Friday.

According to Poilievre, these funds will be used to support Ukraine in its fight against Russian aggression, as well as to restore infrastructure after the destruction caused by the war.

“The Conservatives have always been proud to support our Ukrainian allies… The Conservatives were the first to introduce the Sergei Magnitsky Act, which made it possible to impose sanctions on Russian oligarchs after Putin’s illegal and unprovoked invasion of Crimea,” Poilievre said.

He reminded that Moscow’s war against Ukraine did not begin in 2022, but almost eight years earlier. After that, the Conservative government of Stephen Harper sent troops to Ukraine as part of Operation UNIFIER and helped to expel Russia from the G8.

Poillevre criticized the current Liberal government for its inaction on the transfer of frozen assets, emphasizing that the Conservatives would act quickly.

“Three hours after the start of the full-scale Russian invasion of Ukraine, I spoke at a rally of the Ukrainian community in Ottawa: ‘Canadians stand in full solidarity with you, and we will always be with you. Three years later, our commitment has not wavered. Glory to Ukraine,” Poilievre said.

Early parliamentary elections in Canada are scheduled for April 28. The Conservatives are currently in opposition.

Earlier, the Experts Club think tank released a video analysis on the most important elections in the world in 2025, see more here – https://youtu.be/u1NMbFCCRx0?si=vtEMJXzfMcggWsD2

Source: https://interfax.com.ua/

 

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“Ukrzaliznytsia” launches additional train Kyiv-Truskavets

“Ukrzaliznytsia is launching an additional train to Truskavets from Kyiv, the company’s press service reports.

“Ukrzaliznytsia is launching the traditional additional train No. 159/160 Kyiv-Truskavets-Kyiv for the peak days of spring!” the statement said.

In particular, the dates of departure from Kyiv are expected to be April 25, 26, 27, and May 2, 3, 4. It is noted that the departure time is at 10:16. Arrival in Truskavets is at 19:37.

Meanwhile, the dates of departure from Truskavets are April 25, 26, 27, and May 2, 3, 4. Departure time is 09:03, arrival in Kyiv is 19:11.

There will be stops in Lviv and Drohobych.

Tickets can be purchased in the Ukrzaliznytsia app, at booking.uz.gov.ua or at railway ticket offices.

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Quotes of interbank currency market of Ukraine (UAH for 1 pln, in 01.12.2024-31.12.2024)

Quotes of interbank currency market of Ukraine (UAH for 1 pln, in 01.12.2024-31.12.2024)

Source: Open4Business.com.ua

Aluminum imports up 18.5% in Q1, exports up 35.5%

In January-March 2025, imports of aluminum and aluminum products increased by 18.5% to $116.75 million, including $42.16 million in March.

Exports during this period increased by 35.5% to $31.7 million ($11.74 million in March). At the end of 2024, imports amounted to $446 million (+21.7%), while exports amounted to $124.4 million (+27.4%).

Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, stamping resistance, corrosion resistance, high thermal conductivity, and non-toxicity of its compounds. In particular, these properties have made aluminum extremely popular in the production of cookware, aluminum foil in the food industry, and packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently it has been replaced by composite materials, primarily carbon fiber). After the construction and production of packaging, such as aluminum cans and foil, the energy sector is the largest consumer of the metal.

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DCH Steel increased tax payments by 7.2% in first quarter

DCH Steel of businessman Alexander Yaroslavsky’s DCH Group, which concentrates the company’s mining and metallurgical assets, increased its payments of taxes and duties to budgets of all levels by 7.2% year-on-year to UAH 173.4 million in January-March this year.

According to a report in DCH Steel’s corporate newspaper on Thursday, the total amount of payments made by Sukha Balka Mine is UAH 96.9 million. The largest part of the payments is the rent for the use of subsoil for mining – UAH 49.3 million. The company paid UAH 18.3 million in unified social contribution (USC), UAH 17.1 million in personal income tax (PIT), UAH 5 million in land rent, and UAH 4.8 million in military duty.

Dnipro Metallurgical Plant’s (DMZ) contribution amounted to UAH 76.5 million, including UAH 25.2 million in land rent, UAH 22.2 million in unified social tax, UAH 21.1 million in personal income tax, and UAH 5.9 million in military duty.

As reported, in 2024, DMZ reduced its tax payments by 24.1% to UAH 498.9 million compared to 2023, while Sukha Balka mine (Kryvyi Rih, Dnipro region) paid UAH 404.5 million in taxes.

DMZ specializes in the production of steel, cast iron, rolled products and products made from them. On March 1, 2018, DCH Group signed an agreement to buy DMZ from Evraz.

Sukha Balka mine is one of the leading mining companies in Ukraine. It produces iron ore by underground mining. It includes Yubileynaya and Frunze mines. DCH Group acquired the mine from Evraz Group in May 2017.

UDO announces tender for car fleet insurance for UAH 2.65 mln

On April 18, the State Protection Department (UDO) of Ukraine announced a tender for the purchase of voluntary motor vehicle insurance (CASCO), according to the Prozorro electronic public procurement system.

The expected cost of the services is UAH 2.653 million. No bid security is required.

The deadline for submitting bids is April 28.

The winner of a similar tender a year earlier was Ultra Alliance Insurance Company.

 

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