Business news from Ukraine

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 CUTS IMPORTS OF NICKEL ORES BY 22.9%

Ukraine in January-April this year reduced imports of nickel ores and concentrate by 22.9% compared to the same period last year, to 285,903 tonnes.
According to statistics released by the State Customs Service (STS), in monetary terms, imports of nickel ores decreased 24.1%, to $13.072 million.
The ores were imported from Guatemala (100% of deliveries in terms of money).
In January-April 2022, as in January-April-2021, Ukraine did not export and re-export these products.
As reported, Ukraine in 2021 reduced the import of nickel ores and concentrate by 20.6% compared to 2020, to 1.236 million tonnes. In monetary terms, imports of nickel ores fell by 22.2%, to $58.929 million. Nickel ores were imported from Guatemala (100% of deliveries in monetary terms).
Last year, Ukraine did not export and re-export these products.
Nickel ore is imported to Ukraine by Pobuzhsky Ferronickel Plant (PFP, Kirovohrad region, part of the Solway group).
PFP processes about 1.2 million tonnes of ore per year.

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U.S. PRESIDENT JOE BIDEN SIGNS $40 BLN BILL FOR UKRAINE

On Saturday, U.S. President Joe Biden signed a bill approved by the Congress to appropriate $40 billion for Ukraine, the White House press service has reported.
“On Saturday, May 21, 2022, the President signed into law H.R. 7691, the “Additional Ukraine Supplemental Appropriations Act, 2022,” the press service said in a statement posted on the White House’s official website.
“Additional Ukraine Supplemental Appropriations Act, 2022” provides supplemental emergency appropriations for fiscal year 2022 to Federal agencies to respond to the situation in, and for assistance to, Ukraine.

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PRESIDENT OF UKRAINE ZELENSKY: WE DO NOT NEED ALTERNATIVES TO EU CANDIDATE STATUS

President of Ukraine Volodymyr Zelensky rejected possible alternatives to EU candidate status and called not to compare Ukraine with other countries that have received this status.
“We do not need alternatives to EU membership. We do not need compromises. These will not be compromises with Ukraine, this will be another compromise between Europe and Russia, “he said in Kyiv on Saturday after talks with Portuguese Prime Minister Antonio Costa.
“For me, EU candidacy is an important signal. An important signal for our people, who defend their country and European values. I think this is a very important step. I understand that many countries have come a long way – years in terms of application and years in terms of membership, “said the President of Ukraine.
“It is incorrect to compare us with countries that have passed the peaceful path of candidacy. We are going through a war for freedom and independence, for these European values. We are not only wasting time. We lose people. I really want to believe that Portugal will also be on this side of the world, “Zelensky stressed.

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VOLUME OF CONSTRUCTION PRODUCTS PRODUCED BY TYPE IN OF JAN 2022 (MLN UAH)

Volume of construction products produced by type in of Jan 2022 (mln UAH)

SSC of Ukraine

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ON MAY 21, NATIONAL BANK OF UKRAINE LIFTED RESTRICTION ON EXCHANGE RATE

The National Bank of Ukraine (NBU) lifted a restriction on May 21 that allowed authorized institutions to sell cash foreign currency to customers with a deviation from the official no more than 10%, the press service of the regulator said on Friday.
Relevant changes were adopted by the NBU Board Resolution №102 of May 20, which was published on the Central Bank’s website and comes into force on May 21.
The document also removes similar restrictions on setting the exchange rate at which banks write off hryvnia funds from customers’ accounts if customers pay with hryvnia cards abroad.
“Removing restrictions on the exchange rates at which banks sell currency to the public will improve the working conditions of legal market participants. This will increase competition, increase liquidity in the legal segment and reduce illegal transactions. All this will make the foreign exchange market more stable and reduce exchange rate amplitude. fluctuations in its cash segment, “the press service of the Deputy Head of the NBU Yuri Geletiy was quoted as saying.

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