Business news from Ukraine

Business news from Ukraine

Ukraine, Turkey and the Russian Federation agreed on a 120-day grain export from the ports of Odessa, Chornomorsk and Pivdenny

Ukraine, Turkey and Russia, with the support of UN Secretary General António Guteres, agreed to facilitate safe shipping for the export of grain, related food products and fertilizers (including ammonia) from the seaports of Odessa, Chornomorsk and Pivdenny within 120 days from the possibility of extending this period.
The corresponding signing of documents within the framework of the initiative for the safe transportation of grain and food from Ukrainian ports took place in Istanbul on Friday: the Minister of Infrastructure of Ukraine Oleksandr Kubrakov, in the presence of Turkish President Recep Tayyip Erdogan, signed a tripartite document with Turkish Defense Minister Hulusi Akar and the UN Secretary General, who also signed a second such a tripartite document with Russian Defense Minister Sergei Shoigu.
As noted in the text of the initiative, a copy of which is available to the Interfax-Ukraine agency, it is based on agreements between the parties to the 1974 international convention on the safety of life at sea.
In particular, the parties agree on the following:
– maximum security guarantees for all vessels participating in this initiative;
– creation under the auspices of the UN in Istanbul of a joint coordination center (JCC), which includes representatives of all parties;
– Creation and work on the ships participating in the initiative of inspection teams from representatives of the parties, which will inspect the ships in the ports designated by Turkey, when entering / leaving the Turkish Strait to check the absence of unauthorized cargo and personnel on board.
At the same time, all activities in Ukrainian territorial waters will be under the control and responsibility of Ukraine.
The parties will not launch any attacks on merchant and civilian vessels, as well as on port facilities participating in this initiative.
If clearance of approaches to ports is required, a minesweeper from a third country must be involved
Merchant vessels must be pre-registered with the SKC and will be under technical control for the duration of their passage through the maritime humanitarian corridor agreed by all parties.
The RCC will develop and disseminate a detailed operational and communications plan, including the identification of safe havens and medical assistance options along the route.
In order to prevent provocations and incidents, the movement of vessels transiting the maritime humanitarian corridor will be remotely controlled by the Parties.
“No warships, aircraft, unmanned aerial vehicles (UAVs) can approach the maritime humanitarian corridor closer than the distance agreed by the RCC without the permission of the RCC and only after consultation with all Parties,” the text of the initiative emphasizes.
This initiative will be valid for 120 days from the date of signing by all Parties and may be automatically renewed for the same period, unless one of the Parties notifies the other of its intention to terminate the initiative or change it.
At the same time, the achievement of an agreement on the export of Ukrainian grain does not mean a weakening of the security regime in the Black Sea, representatives of Ukraine have repeatedly emphasized.

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Israel provides assistance to Ukraine, but military – with caution – Ambassador

Israel has made a strategic decision to provide assistance to Ukraine, but it has to exercise caution when providing military assistance, Israel’s Ambassador Extraordinary and Plenipotentiary to Ukraine Mikhail Brodsky said in an exclusive interview with Interfax-Ukraine.
“Israel, unfortunately, is located in a dysfunctional region. It is such a powder keg on top of which Israel sits. The security threats to Israel, the threats to the lives of both Israeli soldiers and Israeli citizens are colossal. Ukraine today is facing a very powerful adversary, a superpower, from Israel in this sense, the situation is different, the threats are different, but nevertheless, this is also a serious war, a war on terror, which requires maximum resources, maximum mobilization of society.For these reasons, and because of the sensitive relationship that we have with Russia, we We think first of all about our own interests and are forced to exercise caution,” he said.
“This does not mean that we do not help Ukraine. From the first day we made a strategic decision to provide the maximum assistance to Ukraine that we can afford. Without crossing the “red lines” and without endangering our national interests. Without endangering the lives of ordinary Israelis “, – note the diplomat.
Brodsky noted “hundreds of tons of humanitarian aid that we supplied – medicine, food, fresh water, generators, water desalination plants. This is a field hospital, which is located in the Lviv region, during the stay of Israeli doctors there they provided assistance to 6 thousand Ukrainians – refugees and local residents.
In addition, he recalled “dozens of people who were taken to Israel for treatment. These are children from the Okhmatdet hospital with oncological diseases. These are patients who were in the Israeli field hospital, whom it was then decided to transfer to Israel and continue treatment there” .
According to Brodsky, “the healthcare sector is an area in which Israel should actively help Ukraine after the war, too. It will be necessary to restore the entire infrastructure, including healthcare. I think it will be right that Israel will contribute to the creation of a new, modern system healthcare in Ukraine”.

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National Bank expects decrease in reserves in 2022 to $20.8 bln

The National Bank of Ukraine (NBU) expects a reduction in international reserves in the second half of the year by 8.6% – from $22.8 billion to $20.8 billion and maintaining them at this level in 2023, the regulator’s forecast says.

According to him, at the end of 2023, the reserves will amount to $21.2 billion, and in 2024 they will grow to $28.7 billion.

At the same time, the current account balance, according to the regulator’s forecasts, will be positive and amount to $6.4 billion by the end of 2022, while at the end of last year it was negative and amounted to $3.2 billion.

The NBU expects that by the end of 2023 and 2024 this figure will be negative and amount to $3.9 billion and $8.8 billion, respectively.

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New Prosecutor General of Ukraine expected to be appointed in next 10 days

The appointment of a new prosecutor general is expected in the next ten days, his first and main task should be the appointment of the head of the Specialized Anti-Corruption Prosecutor’s Office, head of the Servant of the People faction David Arakhamia has said.

“His first and main task should be the appointment of the head of the Specialized Anti-Corruption Prosecutor’s Office, as required by the President of Ukraine. And in order to avoid any delays on this issue, I want to appeal to the competition commission for the election of the SAPO head with a request to complete all the necessary procedures within 10 days,” he wrote on his Telegram channel on Thursday.

As reported, on July 19, the Verkhovna Rada supported the presentation of President Volodymyr Zelensky and agreed to the dismissal of Iryna Venediktova from the post of Prosecutor General of Ukraine, and Ivan Bakanov from the post of head of the Security Service of Ukraine.

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EU member states agree to mobilize EUR 500 mln tranche of military aid to support of Ukraine

The member states of the European Union have agreed to mobilize the fifth tranche of military assistance in the amount of EUR 500 million in support of the Armed Forces of Ukraine, said head of EU diplomacy Josep Borrell.
“Participated at Ministerial Ukraine Defence Contact Group meeting. EU Member States agreed to mobilise 5th tranche of military assistance of EUR 500 million to further support Ukraine‘s Armed Forces. EU remains focused & steadfast in its support for Ukraine, together w partners,” Borrell said on Twitter Wednesday evening.

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“Roaming like at home” service for Ukrainian citizens in Europe will be extended

The Ministry of Digital Transformation of Ukraine announced the extension of the “Roaming like at home” service for Ukrainian refugees in the EU countries.

“The joint statement of the mobile operators of Ukraine and the European Union is being extended. Ukrainians who are forced to leave for the EU countries will be able to continue calling their relatives at the prices of Ukrainian operators. The preliminary agreements were for three months. And from July, Ukrainians would have to switch to European tariffs. However, the European Commission called EU operators to extend support for Ukrainians,” the Ministry’s Telegram channel reported.

According to the Ministry of Digital Development, currently about 70 European operators provide Ukrainians with free roaming. From the Ukrainian side, the statement is supported by mobile operators Kyivstar, Vodafone Ukraine and lifecell.

The Ministry thanked the National Commission for State Regulation in the Fields of Electronic Communications, Radio Frequency Spectrum and Postal Services (NCEC), the European Commission and the Association of European Regulators in the Field of Electronic Communications (BEREC) for the efforts made to ensure that Ukrainians in the EU stay in touch with loved ones.

As reported earlier, the operators of Ukraine and the EU signed a joint declaration on coordinated efforts to ensure and stabilize affordable or free roaming and international calls between the EU and Ukraine.

At the time of publication, the declaration has been signed by 27 telecom operators in the EU and Ukraine, including several pan-European groups, as well as an association representing a number of virtual mobile operators (MVNOs in Europe), and is open to further signatories.

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