Business news from Ukraine

Business news from Ukraine

PRESIDENT OF UKRAINE DECLARES UAH 4.6 MLN IN ROYALTIES

President of Ukraine Volodymyr Zelensky has declared UAH 4.59 million of royalties from Kvartal 95 LLC and Kinostolytsia LLC.
Such data are contained in report about a significant change in property status published in the unified public register of declarations.
In particular, Zelensky on December 30, 2020 received two royalty payments from Kvartal 95 LLC in the amount of UAH 1.048 million and UAH 3.307 million.
Another report indicates that the president received UAH 235,000 in royalties from Kinostolytsia LLC.

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LARGEST UKRAINIAN OIL PRODUCER PAYS UAH 7.8 BLN OF ROYALTIES

PJSC Ukrnafta in 2018 paid UAH 7.8 billion of royalties to the budgets of all levels, the company’s press service has reported.
The press service said that UAH 389.3 million was paid to the local budgets, including UAH 165 million in Sumy region, UAH 87.4 million in Ivano-Frankivsk region and UAH 62.5 million in Poltava region.
As reported, Ukrnafta in 2018 increased extraction of oil and gas condensate by 5% or 0.069 million tonnes compared with 2017, to 1.448 million tonnes. Gas production in 2018 fell by 2.3% or 0.026 million cubic meters, to 1.082 billion cubic meters, and production of liquefied gas decreased 5.2% or 6,000 tonnes, to 110,000 tonnes.
Ukrnafta is the largest oil producer in the country. National joint-stock company Naftogaz Ukrainy owns 50% and one share of Ukrnafta, and a group of companies associated with former shareholders of PrivatBank – about 42% of the shares.

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