Business news from Ukraine

Business news from Ukraine

CHARGÉ D’AFFAIRES OF UNITED STATES IN UKRAINE RETURNED TO KYIV

Chargé d’Affaires of the United States in Ukraine Christina Quinn said that she had returned to Kyiv.
“Just arrived in Kyiv! Glad to be back here on Victory in Europe Day. Glory to Ukraine! We are together with Ukraine,” the embassy tweeted on Sunday evening.

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UNITED STATES TO PROVIDE UKRAINE WITH ANOTHER $500 MLN OF DIRECT ECONOMIC ASSISTANCE

The United States will provide the government of Ukraine with another $500 million in direct economic assistance, U.S. President Joe Biden said on Thursday.
“Today, the United States is announcing that we intend to provide an additional $500 million in direct economic assistance to the Ukrainian government,” Biden said. According to him, the government of Ukraine will be able to use this money to stabilize the economy, support the population and pay salaries to employees.
He said that, thus, the total U.S. economic support to Ukraine over the past two months amounted to $1 billion.

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US INTRODUCES SPECIAL STATUS FOR UKRAINIAN CITIZENS WHO WERE PHYSICALLY IN UNITED STATES

The United States introduced a special status (Temporary Protected Status) for citizens of Ukraine who were physically in the United States, Andriy Yermak, head of the President’s Office, said on Facebook.
According to him, the corresponding decision has been entered in the Federal Register and will be made public and registered tomorrow (April 19, 2022).
“I should note that at the request of the Ukrainian side, the date for which Ukrainian citizens must stay in the United States to qualify for TPS has been moved from March 1 to April 11, 2022! Thus, citizens of Ukraine who were physically in the United States as of April 11 will be able to take advantage of this program,” he wrote.
The status of temporary protection will allow Ukrainians to stay in the United States for up to 18 months with the possibility of applying for a work permit in the country.
“I want to thank our American partners for military, financial, humanitarian assistance, sanctions, and now for caring for our citizens, as well as the Ukrainian Embassy in the United States and our entire diplomatic team for their effective work. We continue to work further for victory, so that all our people can return as soon as possible and build a cool Ukraine together,” Yermak said.

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UNITED STATES EXTENDS SANCTIONS TO SBERBANK, INCLUDING SUBSIDIARIES IN UKRAINE, KAZAKHSTAN

The United States has included a number of Sberbank Group companies, including subsidiary banks in Ukraine and Kazakhstan, Cetelem Bank, bankrupt Sberbank Europe AG and payment service YooMoney, in its sanctions list, a statement from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) indicated.
Sberbank Insurance, Sberbank Life Insurance, Sberbank Insurance Broker, Sberbank Leasing, Sberbank Factoring, NPF Sberbank, Sberbank-AST, Sberbank Capital, Sberbank CIB and Strategy Partners have also been included in the OFAC Specially Designated Nationals List (SDN List), as has United Credit Bureau, in which Sberbank holds a 50% according to the latest disclosure.
The SDN List now also includes Digital Technologies, a company through which Russia’s top bank invested in a range of information technology companies.
The United States on Wednesday imposed blocking sanctions against Sberbank that call for freezing assets in the U.S. and bar U.S. citizens from doing any business with the bank. The UK imposed similar sanctions against Sberbank.
The United States imposed correspondent and payable-through account sanctions against Sberbank in February 2022.

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THE UNITED STATES WILL PROVIDE UKRAINE WITH ADDITIONAL FINANCIAL ASSISTANCE OF $ 500 MILLION

US President Joe Biden, in a conversation with his Ukrainian counterpart Vladimir Zelensky, announced Washington’s plans to provide Ukraine with $500 million in direct financial assistance, according to a White House press release.
“President Biden informed President Zelensky that the United States intends to provide the Ukrainian government with $500 million in direct budget support,” the document says.
The two leaders also discussed how the US is working with allies and partners to identify additional opportunities to provide defense assistance to the Ukrainian military. It was also about how the United States is trying to “satisfy the basic needs of Ukraine in the field of security.”
In addition, Zelensky provided Biden with information on the state of negotiations between Ukraine and Russia, the press release also says.

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UNITED STATES COULD BROADEN SANCTIONS AGAINST RUSSIA

The United States may further expand sanctions against Russia, U.S. Deputy National Security Adviser for International Economics Daleep Singh said in an interview with CBS News.

“We can broaden our sanctions. So – take the measures, take the sanctions we’ve already applied, apply them in more targets. Apply them to more sectors. More banks, more sectors that we haven’t touched,” Singh said.

According to him, the sanctions may affect “the commanding heights of the Russian economy.” “It’s mostly about oil and gas, but there are other sectors too,” he said.

Speaking about the possibility of lifting sanctions against Russia, Singh stressed that “we’re nowhere near that point.”

He believes that “the first thing he has to do is to stop – a reckless and barbaric attack on the civilians of Ukraine. That’s not happening.”

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