Business news from Ukraine

China unveiled peace plan to end Ukraine-Russia war Friday

China unveiled a 12-point peace plan Friday to end the Ukraine-Russia war.
The document, posted on the Foreign Ministry’s website, lists the first point as “respect for the sovereignty of all countries.” “The universally recognized norms of international law, including the purposes and principles of the United Nations Charter, must be strictly observed. The sovereignty, independence and territorial integrity of all countries must be effectively protected,” the text reads.
“A rejection of the Cold War mentality. The security of a country should not be secured at the expense of others. The security of the region should not be ensured by the strengthening or expansion of military blocs,” the 2nd paragraph notes.
Among China’s other proposals is a cessation of hostilities. “All sides should support Russia and Ukraine to work in the same direction and resume direct dialogue as soon as possible in order to gradually de-escalate the situation and eventually reach a comprehensive ceasefire,” it says.
China also proposes resolving the humanitarian crisis, protecting civilians and prisoners of war (POWs), securing nuclear power plants, reducing strategic risks (no nuclear weapons and no nuclear wars), promoting grain exports, ending unilateral sanctions, maintaining the stability of production and supply chains, and promoting post-conflict reconstruction.
The Embassy of the People’s Republic of China in Kyiv specified to Interfax-Ukraine that the document was based on the “four necessities” proposed by President Xi Jinping; the “four common positions” to be followed by the international community; and the “Three Observations” on the crisis.
As the embassy explained, the “four necessities” are that the sovereignty and territorial integrity of all states should be respected, the purposes and principles of the UN Charter should be observed, the rational security concerns of all countries should be taken seriously, and all efforts contributing to a peaceful resolution of the crisis should be supported.”
“The four ‘common positions’ to be followed by the international community imply that the international community should support all efforts contributing to a peaceful resolution of the crisis in Ukraine and call on the parties concerned to remain prudent, exercise restraint, and establish direct contacts as soon as possible and create conditions for renewed negotiations; together oppose the use or threat of use of nuclear weapons, advocate the unacceptability of nuclear weapons and the conduct of nuclear war
“Three observations” on the crisis – “There are no winners in conflicts and wars,” “Complex problems have no simple solutions,” “Confrontations between great nations must be avoided
Meanwhile, on Thursday, the UN General Assembly voted in favor of the resolution “Principles of the United Nations Charter underlying the achievement of a comprehensive, just and lasting peace in Ukraine,” a draft of which was submitted by 57 countries, including Ukraine.
According to the resolution, the General Assembly “reiterates its demand that the Russian Federation immediately, fully and unconditionally withdraw all of its armed forces from the territory of Ukraine within its internationally recognized borders, and calls for a cessation of hostilities.
The resolution also calls for “the immediate cessation of attacks on Ukraine’s critical infrastructure and any deliberate targeting of civilian objects, including homes, schools and hospitals.
China abstained from voting for the resolution.

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Four dry cargo ships to deliver corn and wheat to China and Spain

Four dry cargo ships will deliver corn and wheat to China and Spain, the Joint Coordination Center (JCC) reported.
“Four vessels left Ukrainian ports on January 19, carrying a total of 229,749 tons of grain and other foodstuffs as part of the Black Sea Grain Initiative,” the report said.
Three vessels Star Sapphire (74 904 tons of wheat), Mana (47 267 tons of wheat and 11 420 tons of corn) and Serenity Ibtihaj (26 653 tons of corn) left for Spain. Vessel Andros Spirit will carry 69.505 tons of corn to China.
Four dry cargo ships are also on their way to Ukrainian ports, which passed through the maritime humanitarian corridor on Thursday.
“As of January 19, the total tonnage of grain and other agricultural products exported from the three Ukrainian ports is 18,051,260 tons. A total of 1,316 dry cargo ships have been allowed to move so far: 652 to arrive at Ukrainian ports and 664 to leave them,” the JCC summarized.

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China has already restricted entry of tourists from 32 countries

Thirty-two countries have imposed restrictions in connection with an outbreak of coronavirus in China, the UN World Tourism Organization (UNWTO) said.
“By mid-January, 32 countries in the world have imposed special restrictions on tourist entry associated with travel from China. Most of them are Asian and European countries,” the report said.
According to the organization, this could slow the recovery of international tourism after the coronavirus pandemic, as China was the largest outbound tourism market in the world until 2020. In 2022, international tourist arrivals were reported to be only 63% of pre-pandemic 2019 levels.
On January 8, Chinese authorities lifted some of the restrictions on travel to the country for foreign tourists and the departure of its citizens abroad. However, due to the coronavirus outbreak in the country after abandoning the “zero tolerance for covid” policy, many governments began imposing entry restrictions on tourists who had visited China before traveling to their country. In particular, Japan, South Korea, India, the United States, Spain, Italy, and many other countries require such passengers to test negative for coronavirus or proof of vaccination, and some have introduced mandatory testing.

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India surpasses China in population for first time

India has probably already surpassed China in terms of population, and experts expect the growth to continue at least until 2050.
According to the independent World Population Review (WPR), India’s population was 1.417 billion at the end of 2022. Another analytical platform, Macrotrends, estimates India’s population at 1.428 billion.
China’s population declined last year for the first time in more than 60 years – by 850,000 to 1.412 billion people, according to data released Tuesday by China’s State Statistics Office.
India, where half the population is under the age of 30, is expected to be the fastest-growing economy in years to come. To take advantage of rising demographics, the country’s government needs to create millions of jobs, Bloomberg notes.
“What’s needed now is a massive economic support program that would create jobs in a variety of sectors,” said Nomura Holdings Inc. economist Sonal Varma. – And we’re already seeing the foundations for that being laid.”
WPR expects India’s population to continue to grow at least through 2050.
According to the UN, more than half of global population growth between 2022 and 2050 will come from just eight countries: India, Congo, Egypt, Ethiopia, Nigeria, Pakistan, the Philippines and Tanzania.

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Three dry cargo ships with Ukrainian corn and wheat departed for China and Turkey

Three ships carrying corn and wheat left Ukrainian ports on Tuesday, the Joint Coordination Center (JCC) reported.
“Three ships left Ukrainian ports on January 17, carrying a total of 119,000 tons of grain and other food as part of the Black Sea Grain Initiative,” the report said.
Two dry-cargo vessels Kestrel S (26.5 thousand tons of wheat) and Great Arsenal (25.5 tons of wheat) went to Turkey. Navios Helios vessel will deliver 67 thousand tons of corn to China.
Four dry-cargo ships are also on their way to Ukrainian ports, which on Tuesday passed through the maritime humanitarian corridor.
The JCC reported that “77 applications for participation in the initiative have been submitted.” Nine ships are awaiting permission to enter Ukrainian ports, while 24 loaded dry cargo ships are waiting to depart for their destinations.
“As of January 17, the total tonnage of grain and other agricultural products exported from the three Ukrainian ports is 17,757,311 tons. A total of 1,307 dry cargo vessels have been allowed to move so far: 649 to arrive at Ukrainian ports and 658 to leave them,” the JCC summarized.

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12 vessels to deliver Ukrainian corn to China, Morocco and Europe

On Friday, 12 bulk carriers with corn, wheat, soybeans and sunflower meal left Ukrainian ports, the Joint Coordination Center (JCC) reports.
“On January 13, twelve vessels left Ukrainian ports, they are transporting a total of 346,356 tonnes of grain and other food within the framework of the Black Sea grain initiative,” the report says.
Two bulk carriers Cuma (70,799 tonnes of corn) and Georgia T (61,252 tonnes of sunflower meal) are heading to China, two vessels Solar (37,205 tonnes of wheat) and Bosphorus King (25,000 tonnes of corn) are heading to Italy. Two more bulk carriers Rio (8,500 tonnes of wheat) and Umit G (4,300 tonnes of wheat) headed for Greece.
The vessel Papua will deliver 29,300 tonnes of soybeans to the Netherlands, the vessel Cape Scott – 28,000 tonnes of corn to Portugal, the vessel New Faith – 26,500 tonnes of corn to Spain.
In addition, two vessels Garnet (33,000 tonnes of corn) and Muzaffer Ana (11,500 tonnes of soybeans) went to Turkey. Lady Hatice will ship 11,000 tonnes of sunflower meal to Morocco.
Five vessels are also being sent to the ports of Ukraine, which passed through the humanitarian corridor on Friday.
The JCC reported that “79 applications for participation in the initiative were submitted.” Ten vessels are awaiting permission to enter the ports of Ukraine, 14 loaded vessels are awaiting departure to their destinations.
“As of January 13, the total tonnage of grain and other agricultural products exported from three Ukrainian ports is 17.3 million tonnes. A total of 1,286 vessels have been allowed to move at the moment: 639 to arrive at Ukrainian ports and 647 to exit them,” the JCC summed up.

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