Business news from Ukraine

UKRAINE AND BELARUS PLAN TO BUILD NEW INTERSTATE POWER LINES

Ukraine and Belarus are discussing building new interstate power lines and DC links for existing power lines, the press service of the Ministry of Energy and Environment Protection said after a meeting of the Ukrainian-Belarusian group for cooperation in the fuel and energy sphere. “At the meeting, the issue of building new electric power lines between the neighboring states was discussed. It was about the line between Rivne and Brest regions (Belarus). The issue of building DC links on the existing 330 kV overhead lines between the Belarusian unified power grid and the Ukrainian unified power grid was discussed: Mozyr-Chornobyl NPP and Gomel-Chernihiv,” the press service said.
Minister of Energy and Environment Protection Oleksiy Orzhel said that cooperation between the states in the field of electricity is one of the priority issues in the energy sector.
“Electricity is among the priority issues. Next February, Belarus NPP should start working. There may be an excess of electricity in which we are interested. Although, of course, the capacity of the interstate lines for electricity exchange must be taken into account,” the press service said, citing the minister as saying.
Also during the meeting, the issue of power supply to the border areas was raised, in particular, the involvement of 0.4-110 kV interstate power transmission lines in order to ensure supplies to the border areas under contracts between Belenergo and D.Trading LLC.

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TRADE BETWEEN UKRAINE AND BELARUS SHOULD EXCEED $6 BLN

Ukrainian President Volodymyr Zelensky says that trade between Ukraine and Belarus should exceed $6 billion.
“Trade between our countries exceeds $5 billion. I agree with Alexander Grigoryevich [Lukashenko] that we could and should achieve six, eight – we don’t want to stop – billion dollars,” he said at the Second Forum of Regions of Ukraine and Belarus in Zhytomyr on Friday.

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CONTRACTS WORTH $500 MLN SIGNED BETWEEN UKRAINE AND BELARUS

Ukrainian President Volodymyr Zelensky has hailed the strengthening of Ukraine-Belarus relations at both central and regional levels, as well as that of ties between certain businesses in the two counties.
“A forum like this strengthens the partnership between our countries in all spheres. And, which is highly important, this is not only at the level of capitals – Kyiv and Minsk – but also at the level of our regions and individual businesses,” Zelensky said at the 2nd Forum of Regions of Ukraine and Belarus in Ukraine’s Zhytomyr on Friday.
Commercial contracts valued at $500 million have been signed during the forum, he said.

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PRESIDENT OF BELARUS SUGGESTS UKRAINE TO CO-HOST OLYMPIC GAMES

President of Belarus Alexander Lukashenko believes that Ukraine and Belarus may jointly apply for hosting the Olympic Games in the future.
“The President of Ukraine offers us to think together about whether we can even apply for hosting the Olympic Games. We can do it, two countries can,” he said, speaking at the Second Forum of Regions of Ukraine and Belarus in Zhytomyr on Friday.

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PARLIAMENT PERMITS ELECTRICITY IMPORTS FROM UKRAINE TO BELARUS

Verkhovna Rada of Ukraine has introduced amendments into Ukrainian law “On electricity power market” permitting to buy electric power under bilateral agreements of the countries, which are not the members of the Europe’s Energy Society.
A total of 265 parliamentarians voted for the bill No.1084 “On amendments into some legislative acts of Ukraine on nuclear power use” at a plenary sitting.
MP Andriy Gerus introduced an amendment to the law on electric power market in Part 8, of Article 67 that permits to sell electric power imported from the states non-members of the Energy Society on the day-ahead markets and on the balancing market.

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BELARUSIAN PRESIDENT LUKASHENKO: BELARUS TOGETHER WITH RUSSIA OR UKRAINE COULD HOST OLYMPIC GAMES

Belarus could host Olympic Games together with Russia or Ukraine, Belarusian President Alexander Lukashenko said.
“Of course, it is hard for us to compete with giants, but we can host the Olympics together with, let us say, Ukrainians or Russians,” the BelTA state news agency cited Lukashenko as saying in Brest.
Facilities for the Olympic Games are ready in Belarus, he said. “We’re going to build the national soccer stadium and a facility for water sports now, and soccer remains. Russia has the infrastructure for soccer. We can easily host the Olympics with them. And here, in Belarus, we can host mostly the Summer Olympics with the help of Russians or Ukrainians. They have facilities we’re lacking,” Lukashenko said.
Belarus hosted the Second European Games in June.

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