Business news from Ukraine

Business news from Ukraine

GERMAN FINANCE MINISTER ADVISES GERMAN GAS COMPANIES NOT TO SWITCH TO PAYING FOR FUEL SUPPLIES IN RUBLES

German Finance Minister Christian Lindner advised German gas companies not to switch to paying for fuel supplies in rubles, which Moscow insists on.
“Contracts are contracts,” Lindner told Bloomberg Television on Wednesday. “Contracts are based on dollars and euros, and companies in the private sector have to pay in dollars or euros.”
He also said that Germany is ready for further sanctions against Russia. “We actively support all sanctions that serve to isolate Moscow politically and economically,” Lindner said.

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EXPERT: UKRAINE SHOULD ALLOW IMPORT, SALE OF FUEL OF EURO-4 QUALITY

During the period of Russian military aggression, Ukraine should allow the import and sale of fuel of the Euro-4 ecological standard, director of the A-95 consulting group Serhiy Kuyun said.
“It is necessary to temporarily allow the use of fuel of Euro-4 standards. The equipment of the Armed Forces of Ukraine will not notice this at all. Tanks, ZILs, diesel locomotives and others will go easily – this equipment is not new for the most part,” he wrote on his Facebook page.
“Civilian transport will also survive. Strict European fuel requirements are mainly for environmental purposes. Now there are much more serious threats to our life and health than the exhaust in traffic jams from refugees’ cars,” Kuyun said.
According to him, there are interesting price offers for Euro-4 on the foreign market, which will increase the filling of the Ukrainian market with fuel.

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EXPERT: UKRAINE SHOULD ALLOW IMPORT OF FUEL OF EURO-4 QUALITY

During the period of Russian military aggression, Ukraine should allow the import and sale of fuel of the Euro-4 ecological standard, director of the A-95 consulting group Serhiy Kuyun said.

“It is necessary to temporarily allow the use of fuel of Euro-4 standards. The equipment of the Armed Forces of Ukraine will not notice this at all. Tanks, ZILs, diesel locomotives and others will go easily – this equipment is not new for the most part,” he wrote on his Facebook page.

“Civilian transport will also survive. Strict European fuel requirements are mainly for environmental purposes. Now there are much more serious threats to our life and health than the exhaust in traffic jams from refugees’ cars,” Kuyun said.

According to him, there are interesting price offers for Euro-4 on the foreign market, which will increase the filling of the Ukrainian market with fuel.

WESTINGHOUSE TO SUPPLY 9 BATCHES OF FUEL FOR UKRAINIAN NPPS

Westinghouse will supply nine batches of fuel for Ukrainian NPPs in 2021, President of Westinghouse’s Europe, Middle East and Africa Operating Plant Services Business Unit Tarik Choho has said.
“In total, in 2021, we will deliver fuel for nine refuelings, and in 2022 it will be seven,” he said in an interview with Interfax-Ukraine.
According to him, for all the years of cooperation with National Nuclear Generating Company Energoatom Westinghouse has supplied 1,626 fuel assemblies for nuclear power plants to Ukraine.
Chokho recalled that Westinghouse fuel for VVER-1000 reactors is already in operation at six out of 15 nuclear reactors in Ukraine. “These are units Nos. 1,3,4,5 of Zaporizhia NPP, as well as units Nos. 2 and 3 of Yuzhnoukrinsk NPP. Moreover, five units out of six [units Nos. 1,3,5 of Zaporizhia NPP and No. 3 of Yuzhnoukrinsk NPP] are fully loaded with Westinghouse fuel,” he said.
In addition, starting in 2022, Westinghouse fuel for VVER-1000 reactors will also be used at unit No. 3 of Rivne NPP, and two years later Westinghouse will supply fuel for VVER-440 to unit No. 2 of this plant.

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FUEL PRICES CUT IN UKRAINE

The Ministry of Economy of Ukraine announced the average cost of gasoline at UAH 26.64 per liter and diesel fuel at UAH 22.25 per liter, on which the fuel selling price caps at filling stations at the end of July is based.
Thus, taking into account the trade markups, the price cap for “ordinary” gasoline for its sale through the filling station network shall not exceed UAH 31.64 per liter and for “ordinary” diesel fuel – UAH 29.25 per liter.
Compared to the middle of the month, the average price for gasoline fell by UAH 0.23 per liter, for diesel fuel – by UAH 0.35 per liter.

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AVERAGE WHOLESALE PRICES OF FUEL IN UKRAINE CHANGE

The average large-scale wholesale price of petrol and diesel fuel in Ukraine fell by 3.1%, to UAH 20,000 per tonne over the past week from September 21 to September 28.
The average large-scale wholesale price of A-92 fell by 1%, to UAH 24,040 per tonne, the price of A-95 petrol – by 1.1%, to UAH 25,070 per tonne and the price of diesel fuel fell by 1.2%, to UAH 19,320 per tonne.
Changes in large-scale wholesale prices of fuel in UAH per tonne (VAT included, 100% prepayment):

©Source: A-95 Consulting Company
Meanwhile, the average small-scale wholesale price of A-92 increased by 0.1%, to UAH 18.80 per liter; that of A-95 by 0.2%, to UAH 19.78 per liter. The price of diesel fuel fell by 0.8%, to UAH 16.45 per liter.
Changes in small-scale wholesale prices of fuel in UAH per liter (VAT included, 100% prepayment):

©Source: A-95 Consulting Company

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