Business news from Ukraine

Business news from Ukraine

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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PRESIDENT ZELENSKY: KEEPING UKRAINE OUTSIDE EU WORKS AGAINST EUROPE

President of Ukraine Volodymyr Zelensky believes that keeping Ukraine outside the EU, European unification works against Europe.
“The final stage of a large diplomatic marathon has begun, which should end in a week and a half. And we are in this marathon together with the European Union, on the same team,” he said in a traditional video message on Saturday evening.
According to Zelensky, “we will soon receive an answer about the status of a candidate for EU membership.”
“I am convinced that this decision can strengthen not only our state, but the entire European Union. What else needs to happen in Europe to make it clear to skeptics that the very fact of keeping Ukraine outside the EU, European unification works against Europe?” he.
For example, the president noted, “everything is obvious to the Russian occupiers, they say so when they mock our people, this is supposedly because Ukraine went to Europe. Where are the skeptics in Europe then?”

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PRESIDENT OF UKRAINE ZELENSKY: EU RESPONSE TO UKRAINE’S APPLICATION FOR MEMBERSHIP WILL SHOW WHETHER EUROPE HAS FUTURE

President of Ukraine Volodymyr Zelensky said that the European Union’s response to Ukraine’s application for membership will show whether Europe has a future.
“Now, of course, is a decisive time. Not only for Ukraine, but also for the European Union, for the entire European continent. Now it is being decided what the future of a united Europe will be like and whether it will be at all. Russia wants to destroy European unity, wants to leave Europe split and weak. All of Europe is a target for Russia, and Ukraine is only the first stage in this aggression, in these plans,” Zelensky said at a briefing with European Commission President Ursula von der Leyen in Kyiv on Saturday.
That is why, according to the head of state, “a positive response of the European Union to the Ukrainian application for EU membership can become a positive answer to the question – does the European project have a future at all.”
Zelensky stressed that the people of Ukraine have already made a great contribution to the protection of freedom and values shared with the European Union.
“Thousands of Ukrainian lives were given to live in Ukraine and all of Europe as a person, to live freely. During such a brutal war, Ukrainians made sure that state and public institutions remain stable. Our people are absolutely integrated into the European space,” he said.
He also noted that polls conducted among the European population showed that people support Ukraine in joining the EU.
“And this is fair. And we are really looking forward to the recognition of this reality at the political level on June 23-24, when the historic meeting of the European Council for us should take place. Its logical decision should be to grant Ukraine the status of an EU candidate country. We really believe in this … The Ukrainian people will do everything necessary for the European integration of Ukraine,” Zelensky stressed, adding that “the European project definitely cannot be completed without Ukraine.”

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AUSTRIAN CHANCELLOR NEHAMMER: IMMINENT FULL ACCESSION OF UKRAINE TO EU IS UNREALISTIC

Austrian Chancellor Karl Nehammer announced the need to create a “European preparatory space” (Europäischen Vorbereitungsraum), staying in which will allow Ukraine and Moldova to come closer to EU standards.

According to him, it should be “an intermediate step between cooperation and full accession to the EU.”

“We are united by one goal, we all want a strong, independent and economically successful Ukraine. Currently, Ukraine is fighting for its political and territorial survival. All our efforts are primarily aimed at ending Russia’s aggressive war. At such a stage, rapid full accession to the European Union cannot be a topical issue anyway,” Nehammer said in an interview with Kronen Zeitung.

According to him, it is necessary to “remove emotions from the current debate and apply the same standards that are also used in relation to other applicants from the Western Balkans.”

“In my opinion, the immediate full accession of Ukraine is unrealistic,” the Chancellor said.

Nehammer said he supported French President Emmanuel Macron’s interesting idea of creating a “European Political Community”. “Discussions are largely about either – or. Little attention has been paid to practical options that ensure close ties with the EU in many areas and strengthen the Ukrainian economy. But this is exactly what is needed now,” the Chancellor said.

According to the newspaper, according to the Federal Chancellery, close and gradual cooperation between the EU and Ukraine is possible in various fields, similar to what is envisaged by the French proposals. Austrian Foreign Minister Alexander Schallenberg and European Minister Caroline Edtstadler have already addressed the EU partners with these proposals.

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SEVENTH PACKAGE OF EU SANCTIONS WILL INCLUDE RUSSIAN GAS AND BANKS – HEAD OF OFFICE OF PRESIDENT YERMAK

The seventh package of EU sanctions will include Russian gas and an expanded list of banks, head of the Office of the President of Ukraine Andriy Yermak said.
“The seventh package of sanctions against Russia is our priority. The EU has already begun work on it. New restrictions should apply to Russian gas and expand the list of banks that will be disconnected from SWIFT, in particular, Gazprombank,” he wrote on his Telegram channel. on Saturday evening with reference to the Deputy Foreign Minister of Poland, Pavel Yablonsky.

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