Business news from Ukraine

Business news from Ukraine

Foreign trade turnover by the most important positions Jan-May 2022 (import)

Foreign trade turnover by the most important positions Jan-May 2022 (import)

SSC of Ukraine

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UK imposes ban on importing Russian gold

The UK has decided to introduce a ban on importing Russian coal in August and on importing oil at the end of December, the UK government reported on Thursday.
“This amendment prohibits the import of oil and oil products, coal and coal products and gold as well as the acquisition, supply and delivery, directly or indirectly of these goods,” according to the clarifications published on Thursday.
It also prohibits the provision of technical assistance, financial services and funds and brokering services relating to these goods.
“The prohibition on the import of gold entered into force on 21 July, the prohibition on the import of coal will take effect on 10 August 2022 and the prohibition on the import of oil will take effect on 31 December 2022,” the UK government said.
The UK Foreign, Commonwealth & Development Office (FCDO) in April reported that the country would refuse to import Russian coal and oil during 2022, and then gas to the extent possible.
“By the end of 2022, the UK will end all dependency on Russian coal and oil, and end imports of gas as soon as possible thereafter,” the FCDO said.

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Ukraine increases oil imports in Jan-June

In January-June 2022, Ukraine increased the import of oil and crude oil (under economic activity code 2709) by 2.2% (by 11,116 tonnes) compared to the same period last year, to 516,807 tonnes.
According to the State Customs Service, raw materials worth $346.377 million were imported in six months, which is 1.7 times more than in January-June 2021 ($207.806 million), including from Azerbaijan – for $346.195 million, and Libya – $0.182 million.
Ukraine in January-June 2022 did not export oil, while for the same period in 2021, some 89,963 tonnes of oil were exported from the country to Romania for $27.133 million.

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EXPORT OF GOODS FROM UKRAINE IN TONNES DOWN BY 44.5%, IMPORT BY 58.3% – STATE CUSTOMS SERVICE

In the first half of 2022, the State Customs Service allowed 56.9 million tonnes of goods (excluding pipeline transport) to be exported through the customs border of Ukraine, which is 44.5% less than in the first half of last year (101.1 million tonnes).
According to service’s website, the import of goods to Ukraine fell even more by 58.3%, to 17.8 million tonnes (from 42.7 million tonnes).
During the reporting period, pipelines moved 19.9 million tonnes, which is almost a third less than in the first half of 2021 (29.5 million tonnes).
The main reason for the drop in tonnage is the war and seaports blocked by Russia: the number of sea vessels allowed by the State Customs Service in January-June decreased by 64.3%, to 2,700 (from 7,600).
According to the ministry, the number of railway cars passed through the customs border of Ukraine in the first half of 2022 amounted to 800,300, which is 32% less than in the first half of 2021.
At the same time, the number of river vessels increased by 54.4%, from 6,800 to 10,500, and vehicles – by 9.8%, to 3.635 million.
The number of registered vehicles for import in the first half of the year amounted to 2.2 million, for export – 2.3 million, which almost corresponds to last year’s figures – 2.3 million each.
The State Customs Service also noted that the monetary turnover in the first half of 2022 decreased by 21%, to $48.03 billion, including exports by 24%, to $22.73 billion, and imports by 19%, to $25.3 billion.
At the same time, trade with the EU increased by 1%, to UAH 25.06 billion, including exports by 13%, to $13.41 billion, while imports decreased by 10%, to $11.65 billion.

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IMPORT OF GOODS TO UKRAINE IN % TO THE PREVIOUS PERIOD IN 2021 AND 2022

Import of goods to Ukraine in % to the previous period in 2021 and 2022

SSC of Ukraine

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NAFTOGAZ PLANS TO IMPORT 15,600 TONNES OF PETROL AND DIESEL FUEL IN JULY

Naftogaz Ukrainy plans to import 15,600 tonnes of petrol and diesel fuel into the country in July, head of the company Yuriy Vitrenko said.
“Naftogaz joined the task of eliminating the shortage that arose in the oil products market at the end of April. For the third month already, we have been increasing the volume of deliveries, on average 2.5 times monthly. In July, we plan to deliver 15,600 tonnes of gasoline and diesel,” he said on Facebook.
According to him, the company is ready to contract dozens of times more, but logistical restrictions prevent the delivery of oil products to the border of Ukraine from major ports in Europe, where there is the resource.
“Despite this, we have a positive trend. And if such rates of increasing imports of fuel continue, then in a few months Naftogaz may become the market leader,” Vitrenko said.
As reported, Ukraine in June 2022 will increase fuel imports by 1.6 times compared to May – up to 600,000 tonnes. In particular, 2/3 of them will be diesel fuel, 1/3 – gasoline and liquefied gas.

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