Business news from Ukraine

UKRAINE SEES 47% RISE IN CRUDE OIL IMPORTS IN JAN-APR, IMPORTS IS USD156 MLN

Ukraine increased imports of crude oil (foreign trade code 2709) by 47.4% or 95,986 tonnes in January-April 2018 year-over-year, to 298,340 tonnes. The State Fiscal Service reported that oil for $156.302 million was imported, which is 68.8% more than in January-April 2017 ($92.615 million).
Ukraine in January-April 2018 imported crude oil for $146.022 million from Azerbaijan, $7.176 million from Algeria, $1.844 million from Iran and $1.259 million from other countries.
The country did not export crude oil in January-April.
As reported, Ukraine in 2011 imported 5.826 million tonnes of oil for $4.384 billion, in 2012 – 1.544 million tonnes for $1.233 billion, in 2013 – 761,058 tonnes for $630.282 million, in 2014 – 178,613 tonnes for $146.533 million, in 2015 – 248,158 tonnes for $89.039 million, in 2016 – 515,954 tonnes for $173.835 million, in 2017 – 1.013 million tonnes of oil for $442.219 million.

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UKRAINIAN CHEESE EXPORT RISES BY 24%, IMPORTS BY 39% IN Q1

Ukraine in January-March 2018 exported 1,920 tonnes of cheese, which is 23.9% more than in the same period in 2017. According to customs statistics released by the State Fiscal Service, in monetary terms exports increased by 1.4 times, to $7.23 million.
Imports of cheese in January-March 2018 amounted to 2,830 tonnes of cheese, which is 39.4% more than in the same period in 2017. In monetary terms, this figure grew by 1.6 times, to $14.44 million.
Export of butter from Ukraine in January-March increased by 2.6 times, to 9,070 tonnes. In monetary terms, it amounted to $38.7 million compared to $12.77 million for the same period in 2017. Imports of this commodity, according to the service, grew by 2.75 times, to 297 tonnes ($1.82 million).
Export of milk and cream (condensed) in January-March 2018 decreased by 1.3 times, to 7,720 tonnes. Ukraine supplied condensed milk and cream for a total of $13.12 million, which is 26.8% less than in January-March 2017.

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UKRAINE CUTS GAS IMPORTS BY 56% IN THE FIRST QUARTER

Ukraine in January-March 2018 reduced natural gas imports by 56.5% (by 2.404 billion cubic meters) compared to the same period in 2017, to 1.819 billion cubic meters, according to data from PJSC Ukrtransgaz. According to calculations made by Interfax-Ukraine, in particular 1.248 billion cubic meters were received from Slovakia in January-March 2018 (65.7% less compared to January-March 2017), 339.7 million cubic meters from Hungary (37% up), and 231.1 million cubic meters from Poland (31.3% down).
Imports in March 2018 amounted to 673.9 million cubic meters of gas, which is 52.4% less than in March 2017 (1.403 billion cubic meters).
At the same time, Ukraine has not imported natural gas under the contract with Gazprom for more than two years (since November 26, 2015), purchasing it exclusively on its western border.
Ukrtransgaz, 100% owned by Naftogaz Ukrainy, operates a system of trunk gas pipelines and 12 underground gas storage facilities in the country.

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