Business news from Ukraine

UKRAINE REMAINS IN SPOTLIGHT OF G7 – HEAD OF EUROPEAN COMMISSION AND BRITISH PM

British Prime Minister Boris Johnson calls on the G7 countries, whose leaders start a three-day summit near Munich on Sunday, to continue supporting Ukraine in the fight against Russian armed aggression.
“Now is not the time to give up on Ukraine, they need the support and determination of the G7 more than ever,” he tweeted.
“The UK will continue to stand by Ukraine at every turn because we know their security is our security and their freedom is our freedom,” Johnson said.
The negative global impact of Russia’s war will be at the center of discussions at the G7 summit in Germany, European Commission President Ursula von der Leyen said on Sunday.
“We will stand with Ukraine for as long as it takes,” she tweeted.
Other highlights of the summit, she said, include security of energy supplies and global food security, investment in resilient infrastructure and global pandemic preparedness.
“We will also discuss how we can best deal with price increases without compromising our climate goals,” the Commission President added.

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UKRAINE AND MOLDOVA PLAN TO RESUME RAILWAY COMMUNICATION FOR FREIGHT TRAFFIC IN BEREZINO-BESSARABSKAYA SECTION IN AUTUMN

Ukraine and Moldova are planning to resume rail traffic for freight traffic on the Berezino-Bessarabskaya section in autumn 2022.
The Memorandum of Understanding between the Ministry of Infrastructure and Regional Development of the Republic of Moldova and the Ministry of Infrastructure of Ukraine on the development of railway communication was signed on June 23, 2022, according to the website of the Moldovan Ministry.
The document was signed by Vice Prime Minister of Moldova Andrei Spinu and Minister of Infrastructure of Ukraine Alexander Kubrakov.
“Thus, the Republic of Moldova will be able to export / import goods through the port of Izmail, located on the Danube, reducing congestion in the port of Reni. At the same time, through this section of the railway line, Ukraine will be able to export goods to the Republic of Moldova and to the EU countries” , – indicated in the message.
The Berezino-Basarabskaya railway section on the territory of Ukraine was dismantled in 1997, and in 1999 the section between the stations “Rotovo” and “Raukhovka” on the aforementioned line bypassing Odessa was closed.
The construction of the site is expected to be carried out for approximately 23 km. Of these, 1.2 km of the railway will be built on the territory of the Republic of Moldova.

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VERKHOVNA RADA (PARLIAMENT) SHOULD SOON CONSIDER APPOINTMENT OF OMBUDSMAN

The Verkhovna Rada may at the next plenary session consider the issue of appointing its Commissioner for Human Rights, Chairman of the Ukrainian Parliament Ruslan Stefanchuk said.
“I think that personnel issues will be raised there (at the next meeting of the Verkhovna Rada), in particular, I hope that the parliament will be able to appoint a new ombudsman… and Ukraine will get a normal and full-fledged ombudsman,” the speaker said on air of the #UA national telethon on Saturday.
At the same time, he noted that there is no other candidate in the parliament, except for the head of the parliamentary committee on human rights, de-occupation and reintegration of the temporarily occupied territories, national minorities and interethnic relations, Dmitry Lubinets (deputy group “For the Future”).
“The chairman of the Verkhovna Rada or 118 people’s deputies has the right to nominate (the candidature of the Ombudsman). Only I have exercised my right to nominate a candidate, so it will be entered into the hall, ”Stefanchuk specified.
Earlier, First Vice Speaker Alexander Kornienko explained that, according to legislative procedures, the Rada could vote for the appointment of a new Commissioner for Human Rights no earlier than the beginning of July.
As reported, the Verkhovna Rada dismissed Lyudmila Denisova from the post of her Verkhovna Rada Commissioner for Human Rights. The corresponding decision was supported by 234 people’s deputies at the plenary session on Tuesday. The Rada appointed her to this position on March 15, 2018.
Chairman of the Verkhovna Rada Ruslan Stefanchuk announced on June 21 that he proposed to appoint People’s Deputy Dmytro Lubinets (for the Maybutne group) to the position of Commissioner for Human Rights.
Dmitry Lubinets is a Ukrainian politician and lawyer, People’s Deputy of Ukraine of the 8th convocation (from the Petro Poroshenko Bloc) and the 9th convocation (outside parties). In 2019, he entered the Verkhovna Rada as a non-partisan self-nominated candidate in constituency No. 60 (Donetsk region) and became a member of the For the Future parliamentary group, which became a party on June 2, 2020.

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GROUP OF UKRAINIAN DEPUTIES WILL TRAVEL TO SEOUL TO DISCUSS HUMANITARIAN AID

A group of Ukrainian lawmakers will travel to Seoul next month, Yonhap reports, citing a representative of the South Korean ruling party Power of the People.
“As far as I know, their visit to South Korea will take place around July 4,” a party spokesman said on condition of anonymity.
He noted that the number of participants in the Ukrainian delegation will be identical to the composition of the South Korean delegation that visited Kyiv in June.
According to sources, the Ukrainian delegation is expected to be headed by MP Andriy Nikolaenko.
One of the main topics of discussion will be humanitarian aid to Ukraine.
On Tuesday, Seoul approved the allocation of additional $30 million in humanitarian aid to Kyiv.
It is specified that these funds will be used to provide medicines and food, but not weapons.
South Korea plans to allocate an additional $20 million, which will increase the total amount of South Korean assistance to Ukraine to $100 million, the agency said.

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VOLUME OF SALES OF FOREIGN CURRENCY BY NATIONAL BANK FROM JUNE 20 TO JUNE 24 DECREASED TO $933 MLN

The volume of currency sales by the National Bank of Ukraine from June 20 to June 24 fell to $933.02 million from $1 billion 55.6 million a week earlier.

According to the information of the National Bank on its website, last week it acquired $7.5 million, which is in the range of volumes of the last six weeks (from $5.5 million to $8.3 million).

Thus, the net sale of currency amounted to $925.5 million, which is better than last week, but still quite a lot – this is the third largest volume of weekly interventions since the beginning of the war.

As reported, the NBU raised the discount rate from 10% to 25% on June 3 in order to increase the attractiveness of the hryvnia and reduce pressure on the country’s international reserves. And earlier, from May 21, the National Bank canceled the upper limit of both the cash selling rate by banks in Ukraine and the hryvnia conversion rate into foreign currency on their cards outside the country, and also halved the ceiling for cashing hryvnia cards abroad – to the equivalent of 50 thousand .UAH per month.

These measures made it possible to reduce the volume of interventions in the first two weeks of June, but last week they rose again, exceeding $1 billion for the second time since the start of the war.

At the same time, thanks to the measures taken by the NBU, the dollar exchange rate on the “black” market fell from UAH 37.5-38.5/$1 with a significant reduction in the spread and almost equaled the rate in bank exchangers. Last week it was about 35.55-35.8 hryvnia/$1, this time the hryvnia grew a little – up to 35.4-35.6 hryvnia/$1.

As reported, NBU interventions in May rose to $3.4 billion from $2.2 billion in April, $1.78 billion in March, $0.31 billion in February and $1.31 billion in January.

Finance Minister Serhiy Marchenko previously predicted that Ukraine’s international financial support would rise to $4.8 billion in June from $1.5 billion in May. The National Bank of the country is also counting on such growth, whose international reserves in May decreased by about $2 billion to $25.1 billion. $3 billion or more.

In total, from the beginning of the year to June 24, the National Bank purchased $1 billion 848.6 billion and EUR110.97 million on the market, and sold $12 billion 156.1 million and EUR1 billion 789.11 million.

Including since the beginning of the war, the purchase of foreign currency amounted to $1 billion 191.7 million and EUR110.97 million, and the sale of $9 billion 385.9 million and EUR1 billion 789.11 million.

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HACKERS ATTACKED UKRAINIAN OPERATORS AND TELECOMMUNICATIONS PROVIDERS

The governmental emergency response team of Ukraine CERT-UA, operating under the State Special Communications Service, reported the distribution of dangerous emails with the subject line “Free Primary Legal Aid”.

“The letters come from an email address in the gov.ua domain (probably compromised) and have a password-protected attachment “Algorithm for the actions of family members of a missing soldier LegalAid.rar,” the press service of the State Special Communications Service said on Saturday.

“The specified RAR archive contains the ‘Algorithm_LegalAid.xlsm’ document, the opening of which will ultimately lead to the download and execution of the DarkCrystal RAT malware,” the experts warned.

Given the email addresses of email recipients, experts suggest that the attack is aimed at operators and telecommunications providers in Ukraine.

Activity is tracked by ID UAC-0113. These malefactors in June already carried out cyberattack on the media organizations of Ukraine. (https://bit.ly/3yklzml), the State Special Communications Service emphasized.