Business news from Ukraine


The European Union does not recognize the decree of Russian President Vladimir Putin, which prohibits foreigners from owning land in Crimea, and considers its entry into force as yet another attempt to forcibly integrate the illegally-annexed peninsula into Russia, EU Spokesperson for Foreign Affairs and Security Policy Nabila Massrali has said.
“The European Union does not recognise the illegal annexation of the Crimean peninsula by Russia, which is a clear violation of international law. Therefore, the European Union does not recognise this decree and considers its entry into force as yet another attempt to forcibly integrate the illegally-annexed peninsula into Russia. Crimea is part of Ukraine,” the spokesperson said in a statement released by the European External Action Service on Tuesday.
According to her, this decree is also a violation of international humanitarian law, as it is another step towards the imposition of Russian citizenship on the peninsula, which leads to the arbitrary deprivation of property.
“The European Union calls on Russia to stop all violations of international law on the Crimean peninsula. The European Union is unwavering in its support for Ukraine’s independence, sovereignty and territorial integrity within its internationally recognized borders, and welcomes Ukraine’s diplomatic efforts to this end,” Massrali said in the statement.
The spokesperson also said the European Union will continue to enforce its non-recognition policy of the illegal annexation of the Crimean peninsula, including through restrictive measures.
The Russian presidential decree states that most of Crimea and the city of Sevastopol were added to the list of border territories of Russia, where foreign citizens are prohibited from owning land, entered into force on March 20, 2021, a year after its adoption.

, ,


More than 20 Ukrainian companies have entered the European Clean Hydrogen Alliance, Deputy Energy Minister for European Integration Yaroslav Demchenkov said.
“More than 20 Ukrainian companies have already joined the European Clean Hydrogen Alliance and, accordingly, the Green Hydrogen Initiative for the European Green Deal 2×40 GW of new hydrogen production capacities,” he said during the First German-Ukrainian Energy Day on Tuesday.
“Considering that the creation of 10 GW of new capacities for the production of ‘green’ hydrogen has been allocated to Ukraine, this imposes certain obligations on us,” Demchenkov noted.
According to him, already in January Ukraine will be ready to present an assessment of the potential for the development of the domestic hydrogen market, including its use in transport, as well as an assessment of the impact of this direction on the environment.
At the same time, the Deputy Minister pointed out that already now there is a portfolio of ten real projects for the development of “green” hydrogen, which can be implemented, including with German partners with the support of European financial institutions.
“We are interested in joint projects with German business,” Demchenkov stressed.
In turn, Pavlo Stanchak, Deputy Director General for Development and Transformation of Gas Transmission System Operator of Ukraine LLC (GTSOU) said that, having created a decarbonization group, GTSOU is actively exploring the possibilities of the gas transmission system for the transfer of hydrogen and mixtures with it, and is also preparing for a pilot project that will show these possibilities.
According to him, GTSOU has a significant stock of maneuverable capacities for pumping gas, which is several times higher than the needs, and they could be used to transport “green” hydrogen and mixtures.

, , ,


The European Commission jointly with European alcohol producers intend to publish the Counterfeit and Piracy watch-list for Ukraine with the purpose of comabting counterfeit alcohol sale in the EU partner countries. The Ukrvodka association said in a press release that the European initiative is aimed at revealing online and private marketplaces that allow producing and selling counterfeit and smuggled goods in the countries, which are not members of the European Union.
“The Ukrainian illegal alcohol market reaches 60% and withdraws about EUR 360 million from the budget. The European Commission plans to officially publish the Counterfeit and Piracy watch-list this year and update it regularly,” the association said.
According to the European Commission, the illegal market is a “concrete scourge for the economy,” it hinders investment and employment in the sectors related to the production of alcohol.
According to the European Union Intellectual Property Office (EUIPO) and the Organization for Economic Cooperation and Development (OECD), about 5% of EU imports worth EUR 85 billion annually are unsafe counterfeit goods, mainly from neighboring countries.
According to the report, the attention of Europeans was attracted by the investigation of the Ukrainian anti-corruption human rights organization. According to their data, half of the state-owned distilleries produce illegal alcohol, and illegal vodka is also produced at distilleries: 10 out of 30 distilleries produce counterfeit goods.

, , ,