Business news from Ukraine

DEPUTY PRIME MINISTER PROMISES TO ELIMINATE SHORTAGE OF OIL PRODUCTS WITHIN WEEK

The tangible shortage of fuel at filling stations in certain regions of Ukraine, which formed this week, is associated with the enemy’s destructive strikes over the past three weeks on the fuel infrastructure of Ukraine, but this shortage will be eliminated within a week, said First Deputy Prime Minister – Minister Economics Julia Sviridenko.
“Over the next seven days, the deficit will be eliminated, since the operators have contracted volumes in Western Europe and now we are solving the issue of how to import them to the territory of Ukraine as quickly as possible,” she wrote on her Facebook page on Friday.
Sviridenko noted that this situation will lead to a slight increase in the price of oil products. “This is primarily due to the higher cost of logistics due to complex routes and the use of several modes of transport,” the First Deputy Prime Minister explained.
Speaking about the situation on the market, she pointed out that since the beginning of the war, through the Ministry of Energy and the Ministry of Economy, the government has been cooperating on a daily basis with market operators to provide the population and enterprises with oil products. Decisions were made that significantly reduced the impact on the economy of a sharp rise in the cost of petroleum products on world markets, in particular, the excise tax was canceled and VAT was reduced from 20% to 7%.
At the same time, Russia, as an aggressor country, is trying to stop the Ukrainian economy by creating an artificial shortage of fuel, Sviridenko noted. And the destruction of the Kremenchug oil refinery, which was the main producer of fuel in Ukraine, as well as a number of oil depots of market operators with a significant supply of fuel, led to a temporary shortage, which will be eliminated within a week.
As reported, currently the prices for gasoline and diesel fuel are limited by the government to UAH 34.10/l and UAH 38.7/l, respectively. However, according to the director of the consulting group A-95 Sergey Kuyun, the shortage of fuel determines its real price on the market at 40 hryvnia/l and 45 hryvnia/l, despite the government’s setting of marginal prices.

, ,

PRIME MINISTER ANNOUNCES THREE-STAGE PLAN FOR RESTORATION OF UKRAINE

Prime Minister Denys Shmyhal announced a three-stage plan for the restoration of Ukraine “U-24″.
“We have already announced this plan. Let’s call it U-24. This is a plan for the restoration of Ukraine. There will be a corresponding recovery fund, which will take place in three stages,” Shmyhal said in an interview with the Ukrainian edition of the BBC.
According to him, the first stage is already underway, when the authorities are now restoring the destroyed facilities temporarily, promptly and quickly.
The second stage, according to the prime minister, is a quick recovery immediately after the end of hostilities.
“First of all, it is necessary to resume the supply of water and electricity so that people can ensure their existence in the destroyed territories,” he added.
The third stage, according to the plan, is a big stage of a full-fledged renewal of Ukrainian cities, towns, buildings, infrastructure, and the country as a whole.
“This stage will be the most costly, the longest, but we want to implement it very quickly. This should be in parallel with the political processes of Ukraine’s entry into the European Union, as was recently written in the Versailles Declaration,” Shmyhal stressed.
The Prime Minister noted that Ukraine expects to receive a questionnaire in the coming days, which is one of the stages for the country to obtain candidate status as a transitional stage before joining the EU.
“All these things support the internal expectation of a speedy end to the war, our victory and the beginning of a powerful restoration of our state according to civilized European standards. We will get a very powerful developed European country here,” Shmyhal is sure.

, ,

POLISH PRIME MINISTER MATEUSZ MORAWIECKI INITIATES EUR100 BLN RECOVERY PLAN FOR UKRAINE

Systematic support for Ukraine with a plan to restore it for EUR100 billion, tougher sanctions against Russia and overall energy independence are the main postulates that Polish Prime Minister Mateusz Morawiecki presented at a meeting with European Commission President Ursula von der Leyen in Brussels on March 1.
According to the report on the website of the Polish government, Morawiecki stressed the need for a broader view of the Ukrainian issue.
“It is also very important to prepare an investment package for Ukraine, because the economy needs new investments and new jobs, and energy security is necessary as an important element of recovery after the war, which may end soon,” the official said.
According to him, this will also lead to the fact that this part of Europe will finally become independent of Russian gas, oil and coal.
“This is a necessary condition for peace to reign here in the long term,” the prime minister of Poland summed up.
During his visit to Brussels, Morawiecki demanded the most detailed package of sanctions and stressed that it was necessary.

, , ,

PRIME MINISTER OF UKRAINE: NO THREATS TO ECONOMY

Prime Minister of Ukraine Denys Shmyhal says there are currently no threats to the functioning of the national economy, except for disinformation pressure.
“There are no threats to the functioning of the national economy, except for information, especially disinformation pressure. There are no other factors that can destabilize the national economy today,” Shmyhal said after the NSDC meeting on Monday evening.

, ,

PRIME MINISTER OF UKRAINE: NO PLANS TO INTRODUCE FULL LOCKDOWN

Prime Minister of Ukraine Denys Shmyhal has said the government has no plans to introduce a full lockdown across the country.
“We do not plan to introduce a full lockdown across the country and stop the economy. But as the president said: the only alternative to lockdown is precisely mass vaccination,” Shmyhal said at a government meeting on Wednesday.
The prime minister also said that several more regions may soon fall into the “red” zone.

,

FORMER PRIME MINISTER OF UKRAINE DIED

Former Prime Minister of Ukraine Yevhen Marchuk died on Thursday morning, his wife Larysa Ivshyna said.
“Black day […] Yevhen Marchuk died […]. Heart stopped,” she said on her Facebook page.
Marchuk was 80 years old.
He was first acting head of the State Security Service of Ukraine (SBU) from November 1991 to July 1994. Marchuk headed the Ukrainian government from March 1995 to May 1996, and from June 2003 to September 2004 he was the Minister of Defense.
He also had the rank of General of the Army of Ukraine.
Marchuk represented Ukraine in the Trilateral Contact Group (TCG) from November 2018 to May 2019.

,