Business news from Ukraine

Ukraine for 7 months reduced coal imports by 2.7 times

In January-July 2022, Ukraine reduced the import of hard coal and anthracite (HS code 2701) by 2.7 times (by 7 million 367.3 thousand tons) compared to the same period in 2021 – to 4 million 308, 5 thousand tons.
According to the State Customs Service, coal was imported for $1 billion 27.466 million, which is 11.5% less than in January-July 2021 ($1 billion 160.575 million).
Coal came from the Russian Federation for $420.589 million (share in imports 40.92%), the USA – for $277.972 million (27.05%), Australia – for $100.235 million (9.76%), other countries – for $228.67 million ( 22.26%).
Export of coal by Ukraine for seven months of 2022 amounted to 450.6 thousand tons for $145.917 million, incl. to Slovakia – by $93.349 million, Poland – by $34.084 million, Hungary – by $15.919 million, other countries – by $2.565 million. In January-July 2021, exports amounted to 0.2 thousand tons for $0.025 million.
As reported, Ukraine in 2021 increased the import of hard coal and anthracite by 15.4% (by 2 million 612.018 thousand tons) compared to 2020 – up to 19 million 563.048 thousand tons.
Coal was imported for $2 billion 488.696 million, which is 47.2% more than in 2020 ($1 billion 690.541 million). Coal came from the Russian Federation for $1 billion 545.208 million, the USA for $494.636 million, Kazakhstan for $253.469 million, and other countries for $195.383 million.

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GERMANY PLANS TO STOP IMPORTING RUSSIAN COAL BY AUTUMN – CHANCELLOR SCHOLZ

Germany plans to stop importing Russian coal by autumn, this will be possible at the expense of other suppliers, including South Africa.

“This is something that is quite real,” German Chancellor Olaf Scholz told reporters on Tuesday in Pretoria, where he is visiting. He is quoted by the German media.

Earlier in April, during a visit to Latvia, German Foreign Minister Annalena Berbock said that Germany would gradually stop buying Russian energy resources, in particular, by the end of the year it would completely stop importing Russian oil. From coal imports, Burbock said, it is planned to stop before the end of the summer.

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DTEK DELIVERS 50,000 TONNES OF COAL TO POLAND – TOP MANAGER

After the first test deliveries of coal to Poland in the amount of 50,000 tonnes, DTEK Energy Holding is considering the possibility of ensuring regular export of energy resources, taking into account the problems of logistics in the conditions of war, Dmytro Sakharuk, the Executive Director of DTEK, said.
“We made the first test shipments of coal to Poland. This is a small amount – 50,000 tonnes. Unfortunately, there are very big difficulties in terms of logistics, because the railway infrastructure in both Ukraine and Poland is not designed for such a volume of movement of goods. As well as ports in Poland – Gdansk and Gdynia. Therefore, there are test deliveries, but there no large volumes, as it could be done via the sea, Pivdenny port, for example,” Sakharuk said in a commentary to the Energy Reform portal.
At the same time, he assured that the company is considering the possibilities and continues to work out ways to supply coal to Poland.
“Coal from other sources is critical for Poland to replace the volume of deliveries from Russia that were banned. It would be very good if Ukraine would lend a shoulder to Poland, which helps us a lot and would help the Poles survive the rejection of Russian coal,” he said.
According to his calculations, in times of seasonal coal surplus, the energy holding could ship approximately 100,000-150,000 tonnes per month to Poland – the volume that remains after providing its thermal power plants and other consumers.
“This will not ensure full diversification of supplies, but it will be our contribution to the fact that our Polish friends will receive assistance. It is suitable in terms of quality. You just need to learn how to quickly and smoothly deliver it to Poland,” DTEK’s top manager emphasized.
At the same time, he drew attention to the fact that the supply of coal from Ukraine by rail is a faster and more economical alternative for the Poles compared to sea supplies.

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SWITZERLAND BANS COAL IMPORTS FROM RUSSIA

Swiss authorities are imposing a ban on coal imports from Russia following a similar decision by the European Union, the Swiss Federal Council said in a statement.
“The new measures include far-reaching sanctions on goods, including a ban on imports of lignite and coal as well as on goods that are important sources of revenue for Russia (e.g. timber, cement, seafood, caviar),” the statement said.
“In addition, there are export bans on goods that can help strengthen Russia’s industrial capacities (e.g. industrial robots or certain chemical products),” the document said.

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PM OF UKRAINE: WE LEFT HEATING SEASON WITH 9 BLN CUBIC METERS OF GAS AND 1 MLN TONS OF COAL

Gas reserves in underground storage facilities at the end of the heating season (HZP) 2021/2022 amount to 9 billion cubic meters. m, coal in warehouses – 1 million tons, said the Prime Minister of Ukraine Denys Shmyhal.
“We have successfully completed the heating season. 9 billion cubic meters of gas in storage, 1 million tons of coal in warehouses. We will begin preparations for the next heating season,” the prime minister said in a televised address on Tuesday evening.
As reported, at the end of the 2020/2021 AWP, as of April 1, there were 0.491 million tons of coal in the warehouses of the TPP Group, while gas reserves amounted to almost 16 billion cubic meters.

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AUSTRALIA TO PROVIDE UKRAINE WITH 70,000 TONNES OF COAL

Australia will provide Ukraine, at the request of the Ukrainian government, with at least 70,000 tonnes of thermal coal to strengthen energy security, according to the Facebook page of the Ministry of Energy of Ukraine.
“Australia is recognized internationally as a leading and reliable supplier of energy resources. We thank our Australian partners for helping Ukraine at this difficult time, when our state is resisting an illegal and brutal military invasion by Russia,” Ukrainian Energy Minister Herman Haluschenko said.
As noted in the message, the Australian government has worked with enterprises of the country’s coal industry to accumulate coal volumes, which will be the country’s contribution to providing Ukrainian consumers with reliable electricity. The cost of coal and its delivery will be covered by the Australian government.
Australia’s Whitehaven Coal will arrange the appropriate shipment. Now, along the government line, together with the Ukrainian side, the issue of prompt delivery is being worked out, the Ministry of Energy said.

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