Business news from Ukraine

Business news from Ukraine

Netherlands may send F-16 fighter jets to Ukraine after pilot training

The Netherlands is likely to send F-16 fighter jets to Ukraine after pilot training, Bloomberg reported Friday, citing its own sources familiar with the matter.
“The Netherlands currently has 42 F-16 fighter jets in service, 24 of which are currently used by the Dutch army and cannot be sent to Ukraine until mid-2024. A dozen of the other 18 aircraft were to have been sold to Draken International (an American limited liability company – IF), but the government postponed handing over the planes in December without explanation, citing commercial confidentiality. Although a final decision on the deployment has not yet been made, Ukraine may receive some of the aircraft for sale or some of the 24 aircraft currently in service next year, depending on the training schedule,” the report says.
The publication stresses that the Netherlands maintains the airworthiness of all its F-16s through regular maintenance.
A spokeswoman for the Dutch defense ministry said Thursday that the government would consider a possible F-16 delivery to Ukraine at a later date, adding that pilot training is now a priority. Meanwhile, the Netherlands, along with Denmark, is now leading a coalition to train Ukrainian pilots with support from Britain and Belgium.
“According to one source, the Dutch government is already studying and discussing possible deployment plans with its allies. Despite the Dutch government’s willingness to help strengthen Ukraine’s air defense as soon as possible, pilot training, deployment planning and logistics could take many months,” the publication writes.
According to the Dutch Defense Ministry, as of today the Netherlands has provided Ukraine with about EUR1.6bn of military assistance since the start of the Russian invasion, including EUR732m worth of equipment.

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Netherlands will provide Ukrainian farmers with EUR 50 mln for demining of agricultural land and purchase of seeds and agricultural equipment

The Netherlands will provide Ukrainian farmers with EUR10 million for the demining of agricultural land and EUR40 million for the purchase of seeds and agricultural equipment as part of a total package of EUR180 million in aid to Ukraine, members of the Dutch Parliament’s Agriculture Committee said at a meeting in the Verkhovna Rada.
“We would welcome the Netherlands’ assistance in demining to speed up this process. After all, this is one of the most pressing problems of farmers, especially in the southern and eastern regions,” said Oleksandr Haidu, head of the Parliamentary Committee on Agrarian and Land Policy.
He suggested paying attention to projects to restore and modernize irrigation and drainage systems, expanding new logistics routes with the EU to help Ukrainian farmers export agricultural products.

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Two ships with Ukrainian corn and barley departed for Israel and the Netherlands

Two dry cargo ships carrying corn and barley departed Ukrainian ports on Monday, the Joint Coordination Center (JCC) reported.
“Two ships left Ukrainian ports on January 23, carrying a total of 42,560 tons of grain and other food as part of the Black Sea Grain Initiative,” the report said.
Dry cargo ship Amyntor will deliver 27 260 tons of corn to the Netherlands, ship Ata will carry 15.3 thousand tons of barley to Israel.
Seven ships are also headed to Ukrainian ports, which on Monday passed through the maritime humanitarian corridor.
“As of January 23, the total tonnage of grain and other agricultural products exported from the three Ukrainian ports is 18,372,920 tons. A total of 1,340 vessels have so far been allowed to move: 667 to arrive at Ukrainian ports and 673 to leave them,” the JCC summarized.

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Netherlands to allocate EUR2.5 billion to Ukraine

President of Ukraine Volodymyr Zelensky said that the Netherlands decided to allocate EUR2.5 billion as aid to Ukraine.
“Had an important conversation with Dutch Prime Minister Mark Rutte. Thanked him for the decision to allocate 2.5 billion euros to help Ukraine fight the aggressor,” Zelensky wrote in Telegram on Friday.
“We appreciate the support of the Netherlands! And further work together to strengthen defense capabilities, energy sustainability, the restoration of critical infrastructure,” the head of state added.

Ukraine received EUR200 mln loan from Netherlands

Ukraine on Tuesday received from the Netherlands EUR200 million of credit funds on concessional terms through an IMF-administered account, the Ministry of Finance said.
According to its release, the loan amount bears interest at an annual interest rate equal to the IMF prime rate of interest (IMF basic rate of charge, fixed at 3.641% per annum).
The final repayment of the loan is carried out 10 years from the date of the sample of the loan, taking into account the grace period of 4.5 years from the date of the sample of the loan, the Ministry of Finance said.
The loan funds are designed to finance the cost of the general fund of the state budget, the ministry said.
As reported, in early July this year, the Netherlands announced a decision to allocate another EUR200 million to Ukraine through the IMF account. “The funds will be spent on the current needs of the Ukrainian authorities, such as salaries of civil servants, teachers, medics,” said Minister of Foreign Trade and Development Cooperation of the Netherlands Lisie Schreinemacher at the International Conference on the Recovery of Ukraine in Lugano, Switzerland.

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Netherlands and Canada transfer money to IMF account for Ukraine

Canada has transferred 500 million Canadian dollars to the administered account of the International Monetary Fund for Ukraine, and the Netherlands – EUR200 million, IMF Managing Director Kristalina Georgieva said.
“Thank you, Canada, for a new contribution of CAD 500 million to the Administered Account for Ukraine. This is Canada’s third contribution to the account, which supports efforts to help stabilize the Ukrainian economy,” she said on Twitter.
“I am delighted to see another member of the international community joining the efforts to help stabilize the Ukrainian economy using the Administered Account for Ukraine. Thank you, the Netherlands, for your EUR 200 million contribution,” she said.
As reported, Canada is transferring to Ukraine as a loan through the IMF in the amount of CAD500 million received from the issuance of special five-year sovereign bonds in support of Ukraine.
In early July this year, the Netherlands announced its decision to allocate another EUR200 million to Ukraine through the IMF account.

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