Business news from Ukraine

EU TO ALLOCATE 9 BILLION EUROS IN AID TO UKRAINE

The EU will allocate 9 billion euros in aid to Ukraine, Polish Prime Minister Mateusz Morawiecki has said.
“This historical moment and the language of today’s conclusions have been rejected for a long time. We have changed this with many countries. Ukraine is at war and has nothing to pay for many public services, so we have approved the allocation of 9 billion euros in aid,” Morawiecki said. on the page of the Office of the Polish Prime Minister on Twitter on Friday.

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EUROPEAN COUNCIL PUBLISHES DECISION ON GRANTING UKRAINE STATUS OF CANDIDATE MEMBER OF EU

The European Council has published the conclusions of the meeting regarding granting Ukraine the status of a candidate member of the European Union.

“The European Council recognizes the European perspective of Ukraine, the Republic of Moldova and Georgia. The future of these countries and their citizens lies in the European Union. The European Council has decided to grant the status of a candidate country to Ukraine and the Republic of Moldova,” says the third section of the conclusions entitled “Application for membership of Ukraine, the Republic of Moldova and Georgia”.

The conclusions note that the European Commission is requested to report to the Council on “the fulfillment of the conditions specified in the Commission’s opinions on relevant applications for membership under its regular enlargement package”. “The Council will decide on further steps once all these conditions are fully met,” the document says.

With regard to Georgia, it is stated that the European Council is “ready to grant the status of a candidate country to Georgia after the priorities indicated in the Commission’s opinion on Georgia’s application for membership are resolved.”

“Each country’s progress towards the European Union will depend on its own merit in meeting the Copenhagen criteria, including the EU’s ability to admit new members,” the conclusions said.

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GERMAN AMBASSADOR TO UKRAINE ANKA FELDHUSEN: UKRAINE CAN EASILY COPE WITH EU REFORM DEMANDS

Ukraine can easily cope with EU demands for reforms, said German Ambassador to Ukraine Anka Feldhusen.
“I think that Ukraine can easily cope with them, because these are really demands that have already been in place for many years. There is already progress. Perhaps not the progress that Ukrainians themselves would like, especially in the field of judicial reform … We, your partners, especially the G7, are constantly in contact with the Ukrainian government regarding these issues,” Feldhusen said at a briefing at the Ukraine media center on Monday.
The diplomat stressed that for her the most important issue has always been judicial reform in Ukraine.
“We have successfully implemented the decentralization reform. I think that this is really a success story. But the judicial reform is the second reform that will really change the country. All the years that I have been working in Ukraine, I have watched the steps that have been taken, I I will continue to do so,” she said.
Feldhusen pointed out that judicial reform “has never been easy.”
“But if there is political will, a lot can be done there,” she said.
As reported, the European Commission recommended that the European Council grant Ukraine the status of a candidate member of the European Union with the subsequent implementation of the necessary steps. European Commission President Ursula von der Leyen indicated that this meant the country would pursue a number of further important reforms.

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CANDIDATE STATUS FOR UKRAINE TO FEATURE ON NEXT WEEK’S EUCO AGENDA

President of the European Council Charles Michel has announced that the issue of granting Ukraine the status of a candidate for membership of the European Union will be included in the agenda of the upcoming summit, which will be held in Brussels on June 23-24.

He wrote about this on his Twitter page. “Candidate status will feature on next week’s EUCO agenda. Called President Zelensky to inform him of way forward. We stand united with the people of Ukraine in solidarity and in our common future, ” the President of the European Council wrote.

European Commission President Ursula von der Leyen, commenting on her phone conversation with Zelensky, wrote on her Twitter page: “I was very moved by President Zelensky’s kind words over the phone today, following our recommendation to grant Ukraine the candidate status. The Ukrainians can count on the EU_Commission’s constant support as they move along the path to the European Union,” she assured.

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KSG AGRO SIGNS CONTRACT FOR PRODUCTION OF SUNFLOWER OIL FOR FURTHER MARKETING IN EU

The agricultural holding KSG Agro has signed a contract with a Ukrainian oil extraction plant for production of sunflower and soybean oil from its raw materials with subsequent export of finished products to the European Union, according to a press release from the agrarian group on Thursday.
“Our military realities are pushing for the search for new strategic solutions. So we decided that rapeseed and sunflower seeds will be processed, since there are more chances to sell such products abroad in the form of the same vegetable oil, ready for consumption, at a better price than just sunflower seeds,” KSG Agro quotes its board chairman Serhiy Kasyanov.
He recalled that the blockade of Ukrainian seaports due to Russian military aggression makes traditional supply chains and export supplies of grain and oilseed agricultural products impossible.
It is specified that the refinement and packaging of vegetable oil will be carried out in the EU countries, and relevant negotiations are currently underway with European partners.
Sunflower and soybean oil from Ukraine to Europe will be transported by trucks, for which KSG Agro has already purchased flexitank containers in Turkey, which will allow transporting 22-24 tonnes of oil in conventional trucks.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as production, storage, processing and sale of grains and oilseeds. Its land bank is about 21,000 hectares.
According to the agricultural holding itself, it is among the top five pork producers in Ukraine.

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EU DOES NOT YET SEE THREAT TO ITS FOOD SECURITY IN CONNECTION WITH SITUATION IN UKRAINE

The European Union sees no threat to its food security in connection with the situation in Ukraine and will try to contribute to ensuring global food security, said EU Commissioner for Agriculture Janusz Wojciechowski.

“Fortunately, we do not see a direct threat (food security) in European markets. The main problem on them is corn, which we import from Ukraine. It is important for feed production in Europe. But imports from Ukraine are still even larger than in previous years,” Wojciechowski said on Monday evening at a press conference following the meeting of the EU Council at the level of ministers of agriculture.

The central topic of the meeting was the threat of a global food crisis in connection with the Ukrainian issue.

The problem that the EU sees, according to the official, is to organize “corridors of solidarity” for grain supplies to third countries.

The meeting also presented a forecast for the grain harvest for the current year in the EU countries. It will be “for sure more than in 2021, and in 2023 the grain harvest will be no less than in 2022, subject to the same weather conditions.”

“In Europe, we have the necessary food security. (…) We must ensure that Europe contributes to global food security,” added the European Commissioner.

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