Business news from Ukraine

Business news from Ukraine

From June 1, a visa-free regime will be introduced between Uzbekistan and China

On June 1, 2025, the Agreement on the mutual abolition of visas between Uzbekistan and China will come into force.

Under the Agreement, citizens of the Parties shall be exempt from visa requirements for entry, exit, or transit through the territories of both countries for a period of up to 30 days for each separate stay and a total of up to 90 days within any 180-day period.

At the same time, the period of each entry and stay in the territory of the Parties shall not exceed 30 days.

The visa-free regime does not apply to employment, study, media activities, or other activities that require prior approval by the competent authorities of the other Party.

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Ukraine has extended restrictions on imports of cement from Moldova, Russia, Belarus, and coated rolled metal products from China for five years

Ukraine has extended anti-dumping duties on imports of cement from Moldova, Russia, and Belarus, as well as coated rolled metal products from China and Russia, for five years. According to a statement released by the

Ministry of Economy on Thursday, the decision was made by the Interdepartmental Commission on International Trade (ICIT) on May 21, 2025, following appeals from Ukrainian companies.

“If you are a manufacturer and face aggressive non-market competition, please contact the Ministry of Economy to initiate anti-dumping investigations. Ukraine adheres to the principles of openness but is ready to protect its market in accordance with WTO rules,” the release quotes First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko as saying.

As reported, in 2019, the ICIT imposed anti-dumping duties on imports of cement clinker and Portland cement to Ukraine under codes 2523 10 and 2523 29, at the following rates: 57.03% on cement from Belarus; 94.46% on cement from Moldova; 114.95% on cement from Russia. The duties were imposed for a period of five years. In May last year, at the request of Dickerhoff Cement Ukraine, Ivano-Frankivskcement, supported by

Kryvyi Rih Cement, the ICIT initiated a review of these duties, which extended their validity for up to one year.
As it became known at the conference “Trade Wars: The Art of Defense,” organized by Ilyashev & Partners in Kyiv this week, Lafarge Ciment (Moldova) SA offered voluntary price restrictions in order to return to the

Ukrainian market. Market participants called for the proposed prices to be made public.

As for imports into Ukraine of certain types of rolled steel with anti-corrosion coating originating from Russia and China, anti-dumping measures were introduced in 2019 for five years for manufacturers/exporters of goods from Russia at a rate of 47.57% and from China at a rate of 22.78%. In May last year, at the request of PJSC Mariupol Metallurgical Plant named after Ilyich and LLC Unistil, the MCMT launched a new investigation as part of a review of these duties.

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Ukraine imported $279 mln worth of transformers from China in January-April

Imports of transformers, inductors, and chokes to Ukraine in January-April 2025 increased 2.5 times compared to the same period in 2024, reaching $338 million, according to statistics from the State Customs Service.

According to published data, during this period, products were imported mainly from China, worth $279 million (82.5% of all imports of these goods), while a year earlier, transformers and chokes worth $66.1 million (48.4%) were imported from this country, i.e., imports increased 4.2 times.

In addition, transformers were imported from Germany ($17.4 million) and Turkey ($13.9 million), while in January-April 2024, imports from Turkey amounted to $37.1 million, and from Italy – almost $5 million. In particular, in April, imports of this equipment increased by 50% compared to the same month last year, but decreased by 22.3% compared to March this year, to $55.2 million. China’s share was 48.7%.

At the same time, Ukraine exported transformers, inductors, and chokes worth $8.37 million in the first four months of this year, compared to $5.64 million last year, mainly to Germany, Hungary, and Poland.

According to the State Customs Service, imports of transformers, inductance coils, and chokes in 2024 more than doubled compared to 2023, reaching $596.11 million, with imports from China increasing 2.5 times to $400.48 million.

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Construction of tunnels on China-Kyrgyzstan-Uzbekistan railway route has begun

In the Suzak district of the Jalal-Abad region of Kyrgyzstan, construction has officially begun on major railway facilities for the China-Kyrgyzstan-Uzbekistan railway.

As part of the construction of this railway, three tunnels with a total length of over 10 km are planned to be built, including: Tunnel No. 1 Naryn (Jaman-Dawan) – 12.5 km; Koshtoba (Kazarman) tunnel – 13.2 km; Fergana mountain tunnel – 12.2 km. The total length of this railway project is 532.53 km.

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Central Bank of Uzbekistan is negotiating with China on introduction of digital technologies and cloud infrastructure in republic

The management of the Central Bank of Uzbekistan discussed with representatives of Tencent Cloud International, a part of the Chinese holding Tencent Holdings Ltd, the issues of bilateral cooperation in the development of digital technologies and cloud infrastructure in the country, the press service of the regulator reports.

During the talks, the prospects of integrating Tencent’s WeChat Pay digital payment system with local payment systems of Uzbekistan, the possibility of making payments using QR codes, as well as expanding cooperation in this area were discussed, the statement said.

Following the meeting, the parties supported initiatives in the field of payment systems and agreed on future joint actions.

Miraziz Mirkhayotov, deputy director of the Central Bank’s payment systems department, told reporters that Chinese mobile payment services WeChat and Alipay (from Ant Group, a subsidiary of Alibaba Group) can be integrated with Uzbekistan’s national payment systems.

According to him, at the first stage, the parties are working to ensure that foreign tourists can make payments in Uzbekistan. At the second stage, similar work is planned to make payments by Uzbek residents in China through the republic’s payment systems Uzcard and Humo.

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Germany topped beer exports to China in first quarter of 2025

Germany topped the list of leading beer exporters to China in the first quarter of this year (by $23.258 million), according to the State Customs Administration (SCA) of the PRC.

It was followed by the Netherlands (by $11.799 million), Belgium (by $11.239 million), and Spain (by $10.028 million). Among Asian countries, Japan supplied the most beer to China – by $5.276 million.

In total, in January-March 2025, China imported beer from 52 countries and exported it to 89.

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