Business news from Ukraine

Business news from Ukraine

GAZPROM CAN CUT OFF GAZ SUPPLIES TO MOLDOVA

Since Moldova did not make its latest payment for gas deliveries on time, i.e. on Monday, November 22, Russia may halt its gas deliveries to Moldova in 48 hours’ time, spokesperson for gas giant Gazprom Sergei Kupriyanov said.”The next payment was due today, on November 22 of this year. In this context, Gazprom notified the Moldovan side today in accordance with the contract that gas deliveries to Moldova may be suspended in 48 hours. Gazprom is extremely disappointed with Moldova’s lack of compliance with its commitments under the contract,” Kupriyanov said.”As you know, Gazprom had been holding negotiations with Moldova on the issue of gas deliveries, on signing a contract to this effect for a long time. Gazprom’s offers regarding this contract, regard the price for gas were absolutely market-based and were formed on the basis of gas market trading. The Moldovan side, however, insisted on price-setting that would be more preferential for it,” he said.”Bearing in mind the complex, quite challenging economic and financial situation of Moldova, seeking to maintain Moldova’s ability to repay its debt to Gazprom, and in line with the position taken by the Russian president, whom the Moldovan side has repeatedly turned to for help, Gazprom adopted a decision to sign a contract effectively on the Moldovan side’s terms, but with a significant and important point that Moldova must timely make 100% of its current payments for gas,” Kupriyanov said.

, , ,

ENTREPRENEUR KHMELNYTSKY DENIES INFO ABOUT DOING BUSINESS IN RUSSIA

Entrepreneur Vasyl Khmelnytsky, as a loan guarantee, indirectly owns 20% of shares in the European company TKB Pacific Worldwide, which in turn owns 25% in Russia’s INK-NefteGasGeologiya, but plans to withdraw from shareholders by the end of 2022 after full repayment of the loan.
“I’m not doing business in Russia and have not invested in the acquisition of shares of Irkutsk Oil Company (INK),” Khmelnytsky commented to Interfax-Ukraine on the publication of the Russian edition of Forbes that he could be a co-owner of several INK assets.
The Ukrainian businessman explained that he has known the owner of TKB Pacific Worldwide for 35 years (according to Forbes, 80% of the company belongs to Russian woman Arina Nikolaeva).
“The securities are registered for me with the right to buy back. At the moment, most of the loan has already been repaid. I do not take part in operating activities and management. I do not receive dividends from activities,” Khmelnytsky stressed.
He clarified that in 2017, TKB Pacific Worldwide exercised an option to purchase a 25% stake in subsidiary INK-NefteGasGeologiya, whose oil production does not exceed 2% of INK’s total oil production.
“I have nothing to do with this transaction and do not receive income from the securities of the Russian company,” the Ukrainian businessman said.
The Russian edition indicated that INK-NefteGasGeologiya holds licenses for the Ayan block and the Ayan gas field.
Khmelnytsky in October 2017 united his business projects and social initiatives under the brand UFuture Investment Group (Brussels). UFuture is a holding company with a diversified portfolio of assets in real estate, infrastructure, industry, renewable energy, pharmaceuticals and IT. UFuture’s assets are estimated at $ 550 million. The total capitalization of the businesses in which it has invested exceeds $ 1 billion.

, ,

UKRAINE DOES NOT PLAN NEGOTIATIONS WITH RUSSIA ON DIRECT PURCHASE OF GAS

Ukraine does not plan to negotiate with Russia to conclude a direct agreement for the supply of natural gas, Prime Minister of Ukraine Denys Shmyhal has said.
“Such negotiations are not planned,” he said in an interview to the lb.ua portal released on Tuesday.
The prime minister said that over 18.5 billion cubic meters of gas have already been accumulated in the underground storage facilities (UGS) of Ukraine [already 18.7 billion cubic meters], the country also has its own gas production, which will allow the coming heating season to pass.
According to him, one should not expect a significant re-export to the European market of gas owned by foreign traders, which is stored in the Ukrainian underground storage facilities.
“In any case, the first proposal is always made to Ukraine. With a probability of 100%, gas that is in Ukraine will be used here,” Shmyhal said.
The Ukrainian authorities will seek to maintain gas transit through the Ukrainian GTS in the future. “Surely, we will insist on maintaining the current level of transit for at least 15 years,” the head of government said.
According to JSC Ukrtransgaz, as of October 1, 2021, foreign service customers store 2.8 billion cubic meters of gas in the customs warehouse mode, while resident companies some 800 million cubic meters.

, ,

RESIDENTS OF SEVERODONETSK, MARIUPOL, KHARKIV AND ODESA BEST TREAT RUSSIA – POLL

In Ukraine, residents of Severodonetsk (Luhansk region), Mariupol (Donetsk region), Kharkiv and Odesa the best treat Russia, according to the results of a study conducted by the Rating sociological group on behalf of the Center for Analysis and Sociological Research of the International Republican Institute.
According to the survey, 17% of residents in Severodonetsk assessed the attitude towards the Russian Federation as very warm, 30% – as warm, 34% – neutral. In Mariupol, 14% have a very warm attitude, 38% – warm, 25% – neutral.
In Kharkiv, the figures are 12%, 27% and 30%, respectively, in Odesa – 9%, 31%, 34%.
The attitude towards the Russian Federation among the residents of Zaporizhia is slightly worse: very warm – 8%, warm – 24%, neutral – 35%. In Mykolaiv, respectively, 8%, 19%, 32%, in Dnipro – 6%, 23%, 36%.
The worst attitude towards Russia is in Lviv. There, only 1% has a very warm and 3% warm attitude, 18% – neutral. Some 58% of residents are very cold and 17% are cold.
A similar situation is in Ivano-Frankivsk and Ternopil, where 50% are very cold towards Russia.
The survey was conducted in 24 regional centers of Ukraine, in non-occupied territories, including Mariupol and Severodonetsk in Donbas. The survey was conducted on the basis of a sample that included 19,196 respondents.
The study was conducted from May 12 to June 3, 2021 using face-to-face interviews at home with respondents.
The statistical error for each city does not exceed ± 3.5%. The attainability of the respondents averaged 65%.

, , , ,

RUSSIA READY TO CONTINUE GAS TRANSIT THROUGH UKRAINE

Russia has no intention of halting gas transit through the territory of Ukraine following the launch of the Nord Stream 2 pipeline, Russian Foreign Ministry spokesperson Maria Zakharova said on Thursday.
However, this issue depends on the volumes of future European procurement and the competitiveness of alternative routes, Zakharova said.
“We are ready to continue gas transit through the territory of Ukraine, but this issue is purely a commercial one,” Zakharova told a press briefing in Moscow.
It “depends on many factors, including the volumes of future European procurement and the competitiveness of alternative routes,” she said.
Besides, speaking about attempts to link the start of the normal operation of Nord Stream 2 to “other subjects,” Zakharova said Moscow “continues to regard them as an example of absolutely illegitimate politicization of energy cooperation, which radically contradicts market principles.”

, ,

ENERGY MINISTRY DOES NOT CONSIDER ELECTRICITY IMPORTS FROM RUSSIA OR BELARUS

When calculating the updated electricity forecast balance, the Ministry of Energy of Ukraine does not consider the import of a resource from the Russian Federation and Belarus, First Deputy Energy Minister Yuriy Vlasenko has said.
“When calculating the forecast balance, we do not envisage the import of electricity from Russia and Belarus,” he said on the margins of the energy forum in Kyiv, organized by Energy club, on Wednesday.
At the same time, he drew attention to the fact that imports are prohibited until October 1, but are not considered in the future.
At the same time, Vlasenko said that a feature of this autumn-winter period will be the operation of the Integrated Power System, as well as Burshtyn TPP energy island in an isolated mode, providing for their disconnection from all power systems.
“We need to work this way for three days in winter and summer. As for winter, we are also working on it with Ukrenergo, when we will work in an isolated mode – in late January or early February,” Vlasenko said.

, , ,