Business news from Ukraine

Business news from Ukraine

USA SUPPORTS THE POSITION OF BULGARIAN PRESIDENT RADEV ON CRIMEA

The United States welcomes the position of Bulgarian President Rumen Radev on the Ukrainian Crimea, the Department of State said.”We welcome the statement by President Radev, in which he reaffirmed Bulgaria’s support for Ukraine. The United States, the G7, the European Union and NATO were clear and united in our position that, despite Russia’s attempt to annex Crimea, this is Ukraine,” the Department of State said.Earlier, the European Truth publication said the press service of Bulgarian President Rumen Radev clarified the position of the head of state regarding the occupied Crimea due to his statement during the televised debates in the framework of the election campaign.

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USA TO PROVIDE UKRAINE WITH NEW FUNDING TO DIVERSIFY ENERGY RESOURCES

The United States will provide Ukraine with new funding to help diversify its energy resources, U.S. Secretary of State Antony Blinken has said.
“We are also discussing ways to ensure the security of energy supply to Ukraine. That includes providing new funding to help Ukraine diversify its energy resources, working with key allies and partners to bring to bear all available leverage and pressing for an extension of Ukraine’s gas transit agreement with Russia and supporting efforts of Ukraine to connect its electrical grid to Europe’s,” Blinken said at a press conference following a meeting of the United States-Ukraine Strategic Partnership Commission in Washington on Wednesday.

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UKRAINIAN EXPORTERS STARTS SENDING CONTAINERS WITH RASPBERRIES TO USA AND CANADA

Ukrainian exporters in 2021 for the first time sent one sea container with frozen raspberries to the United States and Canada. This event is important for domestic producers, since this berry is traditionally more expensive in the markets of these countries than in other regions of the world.
As reported on the website of the Ukrainian Horticultural Association (UHA) on Monday, the importance of this event for the development of production and freezing of berries in Ukraine is explained by the high level of requirements for product quality and logistics, which were successfully overcome by Ukrainian suppliers this year.
“One shipment of raspberries was sent to Canada and the United States in the amount of one sea container. The logistics took about one and a half months, and the buyer was satisfied with the quality of the supplied products and is considering the possibility of continuing cooperation with Ukrainian suppliers on an ongoing basis,” the association said.
The association said that the higher import price for berries in the United States and Canada is due to high requirements for the quality of products, for the confirmation of which Ukrainian exporters have been certified by the FDA (The U.S. Food and Drug Administration).
“The United States and Canada account for about 80% of all global imports of frozen raspberries in value terms and about 65% in physical terms. However, Ukraine has traditionally exported frozen raspberries mainly to Poland, which makes good money on the re-export of Ukrainian raspberries to other countries of the world,” the organization said, citing Economist of the Investment Department of the Food and Agriculture Organization of the United Nations (FAO) Andriy Yarmak.
According to the UHA, the United States imports frozen raspberries from Chile, Mexico and Serbia, and Canada from Chile, Serbia, the United States and Mexico.
The approximate carrying capacity of a standard 40-foot sea container is 27 tonnes.
“Accordingly, for Ukraine, which is one of the five largest world exporters of frozen raspberries, it is very important to gain a foothold in these two most important sales markets. This is especially important amid the expected growth in production of all types of berries in 2022-2024. It remains to hope that not only the volume, but also the quality of the berries produced will grow,” the association said.
According to the data on the website of the Ukrainian Agribusiness Club, in 2020 Ukraine produced 35,000 tonnes of this berry, ranking seventh in the world in terms of its production. Some 89% of this berry was grown on household farms.
Last year, Ukraine exported 539 tonnes of raspberries, which is 2% of its total production. At the same time, Poland was practically the only consumer of Ukrainian fresh raspberries.

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U.S. AND UKRAINE AGREE TO STRENGTHEN COOPERATION ON VETERINARY AND BIOSECURITY REQUIREMENTS

Ukraine and the United States have agreed to strengthen bilateral cooperation mechanisms on veterinary and biosecurity requirements, and discussed joint initiatives at the global level regarding common requirements under trade agreements and individual bilateral veterinary certificates, the Economy Ministry said on its website. The corresponding decision was made during a meeting between First Deputy Prime Minister – Minister of Economy Oleksiy Liubchenko and Acting Deputy Under Secretary of the U.S. Department of Agriculture for Trade and Foreign Agricultural Affairs Jason Hafemeister during a working visit of Ukrainian President Volodymyr Zelensky to the United States.
According to the ministry, the parties also confirmed a common vision of the strategic goals of agricultural policy in matters of climate neutrality and overcoming hunger. In addition, Ukraine and the United States agreed on a common position within the framework of the UN Food Systems Summit, which will be held on September 23 this year, to achieve sustainable development goals, including overcoming hunger.
In addition, the Ukrainian side called on American companies to increase the supply of modern technologies in the Ukrainian market. The parties also discussed the involvement of American companies in the implementation of land reclamation projects in Ukraine as part of efforts to counter the negative consequences of climate change.

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US TO DIRECT $60 MLN TO UKRAINE FOR DEFENSE

United States President Joseph Biden has ordered the allocation of financial assistance to Ukraine in the amount of $60 million from the Pentagon for defense, according to the White House website.
This is reported in the Memorandum signed by Biden on August 27.
“By the authority vested in me as President by the Constitution and the laws of the United States of America, I hereby delegate to the Secretary of State the authority to direct the drawdown of up to $60 million in defense articles and services of the Department of Defense, and military education and training, to provide assistance to Ukraine and to make the determinations required under such section to direct such a drawdown,” the president said in the memorandum.

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MAJOR SUPPLIERS OF COAL TO UKRAINE ARE RUSSIA WITH 60% SHARE AND US WITH 22.5%

Ukraine in January-June 2021 increased imports of coal and anthracite by 17.6% compared to the same period in 2020, to 10.145 million tonnes.
According to the State Customs Service, coal was imported for $984.046 million, which is 4.1% more than in January-June 2020 ($945.346 million).
Coal came from the Russian Federation for $587.543 million (a share in imports – 59.71%), the United States – for $221.273 million (22.49%), Kazakhstan – for $114.96 million (11.68%), other countries – for $60.27 million (6.12%).
Coal exports by Ukraine for the six months of 2021 amounted to 204 tonnes for $25,000, in particular to Hungary – for $11,000, Belarus – for $7,000, Bulgaria – for $7,000. In the same period last year, no export was carried out.

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