Business news from Ukraine

UKRAINE WANTS TO TERMINATE AGREEMENT WITH RUSSIA ON COOPERATION IN FIELD OF TOURISM

The Cabinet of Ministers of Ukraine intends to terminate the agreement with the government of the Russian Federation on cooperation in the field of tourism.
The corresponding draft decision was published in the agenda of the government meeting on Wednesday.
This agreement was signed in Kyiv on July 16, 1999.
It is noted that this decision will be made due to the fact that due to Russia’s armed aggression against Ukraine, actual cooperation in this area has been suspended, and there are no prospects for establishing such cooperation in the future.

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CHINA URGES UKRAINE NOT TO POLITICIZE COOPERATION OF CHINESE COMPANIES WITH CRIMEA

Some Chinese companies cooperate with Crimea on market principles, based on historical ties and practical needs, and such commercial activities should not be politicized, Chinese Foreign Ministry Spokesperson Zhao Lijian has said.
“China’s position on the Crimea issue is consistent. We hope relevant sides can properly address the issue through dialogue and consultation. Some Chinese companies, based on historically-established ties and practical needs, conduct exchanges and cooperation with Crimea on the basis of market principles. Such commercial activities should not be politicized,” he said at a press conference, the content of which was published on the website of the Chinese Foreign Ministry.
Thus, the spokesperson commented on the visit of the Chinese delegation to Crimea and the statement of Ukrainian MP from the Opposition Platform – For Life faction Vadym Rabinovych that this is “China’s retaliatory move in connection with Ukraine’s position on Motor Sich.”
As reported, President of Ukraine Volodymyr Zelensky, by decision of the National Security and Defense Council (NSDC), on January 29 imposed sanctions on Chinese citizen Wang Jing and related Beijing Xinwei Technology Group Co., Ltd; Beijing Skyrizon Aviation Industry Investment Co., Ltd (both are based in Beijing); Skyrizon Aircraft Holdings Limited (British Virgin Islands) and Hong Kong Skyrizon Holdings Limited (Hong Kong), which in recent years have been trying to implement the rights of PJSC Motor Sich shareholders, who are placed on the sanctions list of Ukraine.
According to the decision of the NSDC and Zelensky decree No. 29 dated January 28, 2021, the sanctions imposed for three years provide, in particular, the blocking of assets, restriction of trade operations, partial or complete cessation of the transit of resources, flights and transportation across the territory of Ukraine. Other restrictions include preventing the withdrawal of capital from Ukraine, a complete ban on transactions with securities of which they are issuers, and a ban on the purchase of enterprises in Ukraine. The list of sanctions also includes a ban on increasing the size of the charter capital of business entities in which sub-sanctioned persons own 10% or more, and cancellation of official visits, meetings, negotiations on the conclusion of contracts or agreements.

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PRESIDENT OF UKRAINE AND PRIME MINISTER OF SPAIN DISCUSS COOPERATION IN ENERGY, INFRASTRUCTURE

President of Ukraine Volodymyr Zelensky and Prime Minister of Spain Pedro Sánchez discussed areas of cooperation between the countries, including energy, infrastructure, digitalization and cybersecurity.
“Energy, infrastructure, digitalization, cybersecurity – there are many areas in Ukraine for cooperation with Spain. I am glad to speak with Spanish Prime Minister Pedro Sánchez, our mutual understanding is a step towards warm and effective relations between the two countries. I wish you health! I will be glad to see you in Ukraine!” Zelensky wrote on his Twitter page.
The interlocutors noted the importance of holding the fourth meeting of the Ukrainian-Spanish Joint Intergovernmental Commission on Economic and Industrial Cooperation this year in Kyiv, the presidential press service reported.
The leaders also discussed the development of trade and economic cooperation between the two states.
“Spain is one of Ukraine’s main trading partners in the European Union and maintains its position as Europe’s largest importer of Ukrainian grain. We are ready to continue being a reliable strategic supplier of grain products to Spain,” the Ukrainian President said.
The Spanish Prime Minister said that he would assist Ukraine in obtaining the vaccine both at the level of bilateral relations and at the EU level.
In addition, particular attention was paid to the signing of the Common Aviation Area Agreement between the European Union with Ukraine. “I am grateful to the Spanish party for its efforts and willingness to facilitate the signing of this long-awaited and mutually beneficial agreement. I expect a positive decision from the EU in the coming weeks,” Zelensky said.

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UKROBORONSERVICE AND QATARI QTERMINALS SIGN MEMO OF COOPERATION

Subsidiary of the state-owned company (SOE) Ukrspecexport – SOE Ukroboronservice and the design company of the Qatari port operator QTerminals W.L.L. – QTerminals Olvia LLC signed a memorandum of understanding and cooperation in the presence of Minister of Infrastructure of Ukraine Vladyslav Krykliy.
The press service of the Ministry of Infrastructure said on Tuesday evening, the parties will work intensively to ensure proper implementation of the concession agreement and further efficient and profitable operation of the port.
“Olvia specialized seaport is our second concession project, under which we hired the world’s leading operator – Qatari company QTerminals, which manages the largest commercial port of Qatar – Hamad with the value of more than $7 billion. Today, the design company of the concessionaire QTerminals Olvia and Ukroboronservice signed the first memorandum of understanding and cooperation within the framework of this concession, which is an important achievement of the transition period,” the ministry’s press service said, citing Krykliy.
The minister said that, among other things, the document regulates issues related to the common use of infrastructure facilities, and will help the parties to unite efforts to develop strategic infrastructure around the port.
According to him, QTerminals Olvia LLC and SOE Ukroboronservice will jointly make efforts to carry out reconstruction and dredging works, increase the capacity of approach roads and the railway that leads to the port. And the Ministry of Infrastructure, as a concessionaire, will provide ongoing support to the concessionaire in establishing cooperation in the concession project with other state-owned enterprises.
The memorandum also provides for measures aimed at cooperation of the parties with local authorities and public authorities of Mykolaiv region, state-run enterprises and departments in order to ensure sustainable development, as well as the investment attractiveness of the region in which the project is being implemented.

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AUSTRALIA AND UKRAINE DISCUSS COOPERATION IN TRADE AND ECONOMIC SPHERES

Ambassador of Ukraine to Australia Mykola Kulinich held a number of meetings in Melbourne, the purpose of which is to expand the Ukrainian-Australian cooperation in the trade and economic sphere, the press service of the Ukrainian Embassy in Australia said.
“The meeting with President of the Australian-Ukrainian Chamber of Commerce Eugene Hawryszko was devoted to the discussion of the prospects for increasing trade between the two countries, the possibility of entering the Australian market for new types of Ukrainian products, as well as the establishment of joint ventures,” the statement says.
In addition, according to the press service of the embassy, during a meeting with head of the Australian-Ukrainian Business Council J. Epp, they discussed attracting Australian investments and technologies to Ukraine, as well as further organizational restructuring of the business council.

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OMANI AND UKRAINIAN FMS DISCUSS WAYS TO INTENSIFY COOPERATION

Deputy Minister of Foreign Affairs of Ukraine Dmytro Senik has held talks via videlink with Deputy Minister of Foreign Affairs of the Sultanate of Oman Ahmed Yousuf Al-Harthy. These are the first talks at the level of deputy foreign ministers in the history of bilateral relations, the press service of the Ukrainian Foreign Ministry reported.
It is noted that the main topic of the conversation was practical steps that will enable intensification of the development of Ukrainian-Omani cooperation in the political, trade, economic and investment spheres.
“Ukraine and Oman have significant potential for expanding trade and economic cooperation. In particular, an increase in the supply of Ukrainian agricultural and food products to the Omani market will increase the level of food security of the Sultanate,” Senik said.
The parties noted the importance of maintaining a political dialogue between Ukraine and Oman, in particular in the format of regular consultations between the foreign ministries. In this regard, Senik invited Al-Harthy to visit Kyiv.
The Omani side also welcomed the initiative of the Deputy Minister to organize a visit of a business delegation to Muscat in order to intensify contacts between commodity producers.
According to the Ministry of Foreign Affairs of Ukraine, trade in goods between Ukraine and Oman amounted to $89.1 million (domestic exports accounted for $79.45 million) in 2019. In January-August 2020, it was equal to $78.88 million (of which Ukrainian exports was $63.78 million).
In December 2018, an export mission of Ukrainian producers visited Muscat. In April and October 2019, Ukrainian-Omani business forums were held with the participation of delegations from regional chambers of commerce and industry of North Ash-Sharqiyah and Al-Buraimi provinces. On November 6, 2019, the first round of political consultations between the Ministry of Foreign Affairs of Ukraine and the Sultanate of Oman took place in Muscat.

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