Business news from Ukraine

EIGHT PEOPLE TO FACE TRIAL IN UKRAINE OVER EMBEZZLEMENT IN PROJECT WALL ON BORDER WITH RUSSIA

Charges brought in a case opened into the embezzlement of state funds allocated for the construction of fortifications, also known as Project Wall, along the border with Russia have been forwarded to the Darnytsky District Court of Kyiv. “Charges have been filed against three officials of the State Border Guard Service of Ukraine, three directors of contractor firms and two intermediaries. A total of eight people will go on trial,” the Specialized Anti-Corruption Prosecutor’s Office of Ukraine said on its Facebook page.
These persons are suspected of embezzling Ukrainian budget money allocated for efforts to equip the Russian-Ukrainian state border, territories adjoining the zone of the anti-terrorist operation in Donbas and the Autonomous Republic of Crimea, the post said.
Investigators have established that Ukrainian State Border Guard Service officials, acting in complicity and with the help of companies, misappropriated UAH 16.688 million (over $630,000) worth of budget funds.
Project Wall includes the construction of fortifications along the Russian-Ukrainian state border and in territories adjoining the area of the anti-terrorist operation in Donbas.
In February 2019, Ukrainian State Border Guard Service spokesman Oleh Slobodian estimated the readiness of Project Wall at around 30% at that time.

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BELARUS AND TURKISH INVESTOR PLAN TO BUILD RIVER PORT ON BORDER WITH UKRAINE FOR ACCESS TO BLACK SEA

Belarus is considering the possibility of building a river port on the Dnipro River in Gomel region near the border with Ukraine in order to use river-sea vessels to put out to the Black Sea. The Turkish investor Derin Shipping & Trading Co. might be involved in the project.
According to the state agency BelTA, Ambassador of Belarus to Turkey Andrei Savinykh states that the implementation of the project “will turn Belarus into a maritime state.” The project could be implemented by building a port terminal in the village of Nizhniye Zhary (Gomel region).
“Our Turkish partners are considering the possibility of building a port in Nizhniye Zhary, which will turn Belarus into a maritime state,” the official told journalists in Gomel during the visit of the Turkish delegation to the regional center.
It is assumed that the main volume of cargo turnover will be provided by oil products (Mozyr Oil Refinery is located near Gomel) and Petrikovsky GOK being under construction in Gomel region (the project of Belaruskali, the capacity is about 2 million tonnes of potassium chloride per year).

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