The G7 countries have committed themselves to phase out or ban the import of Russian oil, according to a statement posted on the White House website on Sunday.
“This will hit the main artery of Putin’s economy hard and deprive him of the income he needs to finance the war. The G7 also committed to working together to secure stable global energy supplies while stepping up our efforts to reduce dependence on fossil fuels.
Swiss authorities are imposing a ban on coal imports from Russia following a similar decision by the European Union, the Swiss Federal Council said in a statement.
“The new measures include far-reaching sanctions on goods, including a ban on imports of lignite and coal as well as on goods that are important sources of revenue for Russia (e.g. timber, cement, seafood, caviar),” the statement said.
“In addition, there are export bans on goods that can help strengthen Russia’s industrial capacities (e.g. industrial robots or certain chemical products),” the document said.
BANS, COAL, IMPORTS, RUSSIA, SWITZERLAND
Ukrainian importers in January-August fully used quotas for duty-free import of pork from the European Union, further import of chilled pork will be subject to a 12% duty, and frozen pork – 10%, this was reported on the website of the Pig Breeders of Ukraine association. “As of September 1, some 20,000 tonnes of chilled and frozen pork from the EU countries were brought to Ukraine. This corresponds to the quota for duty-free supply of pork from the European Union countries established under the economic part of the Association Agreement. Since these limits have been used this year, each next kilogram of European chilled pork will cost importers 12% more due to the duty, and frozen pork meat will rise in price by 10%,” the organization said.
According to the association, there has been some recovery in import activity this year, which confirms the use of the pork import quota in August, while in previous years the import quota was used in November-December.
It clarified that Ukrainian importers have similar agreements on duty-free supplies of up to 14,400 tonnes of pork from Canada (the quota was used by 9%) and up to 1,700 tonnes from the UK (no deliveries from this country were made in 2021).
“If the import of raw meat from these countries becomes economically attractive for the importer, the supply of frozen pork is unlikely to have a significant impact on the domestic pork market. In addition, the expected changes in exchange rates in the fall will also increase the entry barrier for imported raw materials,” the association concluded.
Ukraine in January-July this year reduced imports of manganese ore and concentrate in quantity terms by 38% compared to the same period last year, to 207,225 tonnes.
According to statistics released by the State Customs Service, in monetary terms, imports of manganese ore and concentrate decreased by 43.7% over the period, to $25.139 million.
At the same time, manganese ore and concentrate were imported from Ghana (99.85% of supplies in monetary terms), Belgium (0.11%) and the Netherlands (0.02%).
In January-July 2021, Ukraine exported 434 tonnes of manganese ore and concentrate to Poland (90.2%) and Russia (9.8%) for $51,000, while in the same period last year it exported 23,846 tonnes of manganese ore and concentrate for $3.447 million.
The Department of Foreign Trade of Thailand has announced the final decision to extend for another five years antidumping duties on the import of certain types of hot-rolled steel from 14 countries, including Ukraine with a slight decrease.
According to Steel Orbis, this decision was made following the revision of antidumping restrictions on imports of these products from Japan, South Africa, Russia, Kazakhstan, India, South Korea, Venezuela, Argentina, Ukraine, Algeria, Indonesia, Slovakia, Romania and Taiwan.
The size of the duties is from 0% to 128.11%. At the same time, duties on deliveries from Ukraine will amount to 30.45%-67.69%, from the Russian Federation – 24.2%-35.17%, Kazakhstan – 68.11%-109.25%.
The duty revision procedure was launched in May 2020 following a complaint from local manufacturers.
According to the information of the Ministry of Economy of Ukraine, at present there are duties on the supply of hot-rolled products in coils and not in coils to Thailand produced by Illich steel mill (Metinvest Group) – 32.17%, other manufacturers – 71.52%.
Ukraine, as of May 5, imported 26,200 tonnes of raw cane sugar imported within the tariff quota of 260,000 tonnes, the Ministry of Economic Development, Trade and Agriculture of Ukraine reported on the website, citing data from the State Customs Service.
The agency clarified that the average cost of imported raw materials will be $480 per tonne, and the estimated cost of processed cane sugar, taking into account logistics costs and after paying mandatory payments, will be UAH 22,000-23,000 per tonne on the Ukrainian market. According to the Ministry of Economy, as of May 5, importers were issued licenses to import raw sugar from cane into Ukraine with a total volume of 170,000 tonnes.
The ministry specified that since the beginning of the 2020/2021 marketing year, imports of white sugar amounted to 67,000 tonnes with an average cost of $512 per tonne.
