Business news from Ukraine

UK AND POLAND BECOME MAJOR SUPPLIERS OF MEDICAL ASSISTANCE TO UKRAINE IN PAST WEEK

The UK and Polish governments were the main suppliers of medical assistance to Ukraine in the past week, the press service of the Health Ministry of Ukraine has said.
The ministry said that the UK government and the Strategic Reserves Agency of Poland were the major suppliers.
The Health Ministry also noted assistance of the Embassy of Bulgaria in Ukraine, the Direct Relief international humanitarian aid organization, the Kyiv School of Economics Charitable Foundation, the Center of Volunteering and Protection charitable organization, One Ukraine, and Americares global non-profit organization.
The ministry reported that it received six ambulance vehicles, 1,000 packs of hemostatic gauze, 125 patient monitors, 7.5 tonnes of antibacterial agents, 153.5 tonnes of various medicines, 26.5 tonnes of drugs for Covid-19, 60 tonnes of personal protective equipment, and 5 tonnes of syringes from volunteers and partner countries over last week.

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UK WILL TRANSFER M270 LAUNCHERS TO UKRAINE

The UK will transfer M270 launchers to Ukraine, which can hit targets at a distance of up to 80 km with high-precision missiles, UK Defense Secretary Ben Wallace has said.
“As Russia’s tactics change, so must our support to Ukraine. These highly capable multiple-launch rocket systems will enable our Ukrainian friends to better protect themselves against the brutal use of long-range artillery, which Putin’s forces have used indiscriminately to flatten cities,” Wallace said, the government of the UK said on its website on Monday.
Along with the weapons system, the UK will also supply M31A1 ammunition in large quantities.
The Ukrainian military will be trained to use launchers in the UK to maximize the effectiveness of the systems.
“We cannot stand by while Russian long-range artillery flattens cities and kills innocent civilians. The UK will gift the Ukrainian Armed Forces multiple-launch rocket systems so they can effectively repel the continuing Russian onslaught,” PM of the UK Boris Johnson said on Twitter.
The UK’s decision was closely coordinated with the U.S. decision to transfer to Ukraine a variant of the MLRS Highly Mobile Artillery Missile System (HIMARS).

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UK IS WORKING FOR WAYS TO RESUME GRAIN EXPORTS FROM UKRAINE

The UK is working with international partners to find ways to resume grain exports from Ukraine, a Downing Street spokesperson said on Saturday.
According to The Guardian, according to her, the UK was involved in “intensive work … with international partners to find ways to resume the export of grain from Ukraine to avert a global food crisis.”
Prime Minister of the UK Boris Johnson had a telephone conversation with Ukrainian President Volodymyr Zelensky and told him that London would work with G7 partners to ” push for urgent progress” on the issue.
During the conversation, they also agreed on the next steps to ensure “safe shipping lanes.”

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UKRAINE EXPECTS ZERO RATES FOR EXPORTS OF GOODS TO UK TO BE SET FROM JUNE

Ukraine expects zero rates for the export of goods to the UK to be set from June, First Deputy Prime Minister and Economy Minister Yulia Svyrydenko said after a meeting with British Secretary of State for International Trade Anne-Marie Trevelyan.
“We expect that already in early June, zero customs rates for the export of Ukrainian goods to the UK will begin to operate. This will allow Ukrainian exporters to increase the export of products,” the ministry’s press service quoted Svyrydenko as saying in a Telegram message on Friday.
“First of all, we are talking about such goods as flour, grain, dairy products, poultry meat and semi-finished products, honey, corn, sugar. As a result, we will attract additional volumes of foreign exchange earnings to the country, which will have a positive impact on macro-financial stability in the state,” the first deputy prime minister said.
During the meeting, the parties also discussed the situation with trade between the countries. In 2021, it has grown by 40%.
“In 2022, we can expect significant progress even despite the war,” the Ministry of Economy noted.
The Minister of Economy of Ukraine and the British Secretary of State for International Trade also discussed the possibility of British investments in Ukraine. Last year they reached $3 billion.

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MEDICAL AID DONATIONS FROM UK TO UKRAINE REACH 11 MLN ITEMS

Medical aid donations from the UK to Ukraine will reach over 11 million units in the coming days, the UK government said.
“A fourth tranche of aid left from across the UK during the last week, carrying: 4.2 million doses of medicines – including painkillers and antibiotics that are critical for treating infections caused by battlefield trauma and limited hygiene facilities 1.5 million items of other supplies – including PPE and respirators,” the British government said in a press release on its website on Friday.
Nearly 16 million people are reported to be in need of humanitarian assistance within Ukraine, with access to care badly needed for those in cities worst hit by Russian attacks like Mariupol and Irpin.
The government said the latest supplies are being sent in direct response to a request from the government of Ukraine. They will provide treatment for people injured in the brutal and intentional Russian attacks on civilians across Ukraine, as well as help the government prepare for potential future threats.
In addition, further donations to Ukraine of new ambulances are reported to support advanced life-saving efforts in Ukraine.
” The UK stands shoulder to shoulder with our Ukrainian friends. As the medical emergency inflicted by Russia escalates, we have responded with life-saving medical supplies where they are needed most. As one of the largest humanitarian donors, Britain will continue to help care for those bravely resisting Putin’s vile aggression until Ukraine succeeds,” British Foreign Secretary Liz Truss said.

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UKRAINE, UK FORMALIZE ABOLITION OF IMPORT DUTIES, TARIFF QUOTAS IN BILATERAL TRADE

Ukraine and the UK have legally secured the abolition of import duties and tariff quotas in bilateral trade by signing a relevant agreement, the Ministry of Economy of Ukraine reported on Wednesday.
“The agreement will be valid for 12 months, but can be extended by agreement between the parties for a new period,” the release states.
According to it, now Ukrainian producers can export more products to the British market. First of all, we are talking about flour, grain, dairy products, poultry meat and semi-finished products, tomato paste, honey, corn, wheat, juices, mushrooms, and sugar – these are the goods Ukraine traditionally exports to the UK.
The Ministry of Economy noted that in 2021, the trade turnover between Ukraine and the UK increased by almost 57%, to $2.2 billion, with exports especially intensified (up by 62%), exceeding $1 billion.
The ministry recalled that the European Union also recently announced its intention to cancel the collection of all import duties on Ukrainian goods for a year.

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