Business news from Ukraine

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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UKRAINIAN EDUCATION MINISTRY WORKING ON ORGANIZATION OF CENTERS FOR MULTI-SUBJECT TEST IN EU AND UK

The Ministry of Education and Science of Ukraine is working on the organization of centers for the national multi-subject test in the countries of the European Union and the UK.
“Now we are working on organizing the work of national multi-subject test centers abroad. Minister Serhiy Shkarlet made a relevant request to his colleagues in European countries,” the ministry’s press service said in a statement.
It is noted there is already a preliminary agreement on two centers in Germany, two in Italy and six in Poland, since most Ukrainian children are in this country.

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UK HANDS OVER ANOTHER BATCH OF MOBILE POWER GENERATORS TO UKRAINE

The UK is handing over another batch of mobile power generators to Ukraine, Ukrainian Energy Minister Herman Haluschenko and British Energy Secretary Kwasi Kwarteng said on their Twitter pages on Wednesday.
“Thanks to mobile generators we will ensure a stable power supply to important facilities, despite yet more damages caused by Russian shellings,” Haluschenko wrote.
“More mobile generators heading to Ukraine. The UK is donating 570 generators to ensure hospitals, phone masts, shelters and water pumping stations can continue to operate in the face of continued Russian attack,” Kwasi Kwarteng said on Twitter.
The UK handed over the first part of the 570 generators – almost 200 – to Ukraine in April. They already serve as backup power sources for reliable power supply to various social and infrastructure facilities in case of damage to electrical equipment and networks

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