Business news from Ukraine

UKRAINIAN PRESIDENT COUNTS ON TRUMP’S SUPPORT AND PLEDGES NOT TO INTERFERE IN U.S. DOMESTIC POLICY

Ukrainian President Volodymyr Zelensky has said he has no intention of interfering in U.S. internal affairs and elections in any way.
“I do not want to interfere in any way in the elections held by this independent nation, the United States, and I will not be doing it … Elect your own president and do not interfere in future elections of an independent Ukraine,” Zelensky said during a press marathon in Kyiv on Thursday.
“With due respect for the United States and America’s policy, we are not serving the latter’s purpose, as we are an independent country. However, we do not want to lose our relations, we wish to strengthen them instead,” Zelensky said.
Ukraine does not take sides in the U.S. domestic dispute, he said.
“We have no right to interfere in any elections in any country. We cannot back any candidates, I mean U.S. politicians,” he said.
It is a big mistake for the United States and bilateral relations to involve the Ukrainian president in these processes, Zelensky said.
Zelensky denied being acquainted and meeting with Ukrainian American businessman Sam Kislin.
“I could not tell who it was even from the photo,” he said.
Journalists asked whether Ukraine could count on U.S. President Donald Trump under the current circumstances.
“We count on support of the United States above all, including support of U.S. President Donald Trump. I’d rather not comment on what is going on in their domestic policy. It’s their domestic policy, and I do not see any change in their attitude towards us in international relations,” Zelensky said.
The problem of blocked deliveries of U.S. weapons to Ukraine has been solved, Zelensky said.
“This has nothing to do with Burisma [company],” he said.
“I do not anticipate any change [in Ukraine-U.S. relations] but if it happens, we will learn about that from Twitter,” Zelensky said jokingly.

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UKRAINIAN BANKS TO GET EUR 70 MLN CREDIT LINE FROM EU TO SUPPORT LOCAL SME

Raiffeisen Bank Aval, ProCredit Bank and OTP Bank (all based in Kyiv) have signed a credit line agreement with the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) for the total amount of up to EUR 70 million in hryvnia equivalent under the SME (small and medium-sized enterprises) Finance Facility of the EU4Business initiative.
An Interfax-Ukraine correspondent has reported that the signing ceremony took place at the EBRD office on Tuesday.
In particular, Raiffeisen Bank Aval will receive a credit line with the limit of EUR 25 million in hryvnia equivalent, ProCredit Bank – EUR 20 million in hryvnia equivalent, and OTP Bank – EUR 25 million in hryvnia equivalent.
The total limit of the facility is EUR 120 million in hryvnia equivalent.

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U.S. READY TO SUPPORT ENERGY REFORM IN UKRAINE

Principal Deputy Assistant Secretary of the U.S. Department of State’s Bureau of Energy Resources Kent Logsdon has said at a meeting with representatives of the World Bank and the European Union that Washington is ready to support Ukraine’s energy reform programs together with international partners.
“During meetings with World Bank and EU officials, PDAS Logsdon underscored the U.S. commitment to supporting Ukraine’s energy reform agenda together with international partners,| the U.S. Embassy in Ukraine said on Twitter on Monday, June 24.

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EU PLEDGES TO FURTHER SUPPORT UKRAINE

European Union Foreign Policy Chief Federica Mogherini has assured Ukrainian President Volodymyr Zelensky that the EU will continue to support Ukraine.
“The High Representative congratulated President Zelensky on his election victory and underlined that the European Union continues to stand by Ukraine, supporting the country on its reform agenda and with respect to its independence, sovereignty and territorial integrity,” an EU spokesperson said in a statement.
During their meeting in Brussels, Mogherini and Zelensky discussed possible ways to make progress in implementing the Minsk Agreements for Donbas.
“Federica Mogherini stressed that the European Union is ready to support the Minsk implementation with all available means. This can include the EU’s help in support of President Zelensky’s stated objective for an inclusive approach towards the Ukrainian citizens living in the non-government controlled areas in eastern Ukraine,” according to the statement.
“High Representative Mogherini also confirmed the EU’s socio-economic support to the Azov Sea region,” the EU spokesperson said.
“The European Union continues to expect that Russia will immediately release the 24 detained Ukrainian servicemen and return to Ukraine’s custody the three vessels,” the spokesperson said.
The sides also discussed the need to continue reforms in Ukraine.
“They look forward to continue the discussions and common work at the next EU-Ukraine Summit which will take place on 8 July in Kyiv,” the spokesperson said.

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EBRD COULD ORGANIZE EUR 80 MLN LOAN TO SUPPORT RENEWABLE ENERGY IN UKRAINE

The European Bank for Reconstruction and Development (EBRD) could organize a syndicated loan of EUR 80 million for state-owned Ukreximbank (Kyiv) to support renewable energy and energy efficiency private investments in Ukraine.
According to a posting on the bank’s website, EBRD will provide EUR 40 million from own account.
The provision of the loan is pending the approval of the EBRD Board on June 19, 2019.
Ukreximbank, a wholly owned state bank, was established in 1992. It ranked third among 77 banks in Ukraine in terms of total assets worth UAH 232.064 billion as of January 1, 2019, according to the National Bank of Ukraine (NBU).

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HRYTSENKO: UNDER ANY CIRCUMSTANCES I WON’T SUPPORT POROSHENKO

Anatoliy Hrytsenko, the presidential candidate of Ukraine, the leader of the Civil Position party, has stated that under no circumstances he will support presidential candidate Petro Poroshenko in the second round, and he also cannot agitate to vote for presidential candidate Volodymyr Zelensky.
“I don’t want another five years of falsehood, deceit, looting on blood for the country, and therefore under any circumstances I will not support and vote for Petro Poroshenko. I know him very well. I also cannot say to vote or not to vote for Volodymyr Zelensky,” he said on the air of TV Channel 1+1 on Sunday.

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