Business news from Ukraine

LICENSES FOR EXTRACTION OF RAW MATERIALS IN UKRAINE TO BE ISSUED MORE STRICTLY

Secretary of the National Security and Defense Council (NSDC) Oleksiy Danilov announced the determination of 137 types of raw materials, minerals, which will be under the special control of the Ukrainian state.
“Some 137 types of raw materials and minerals have been identified, which today will be under the special control of our government. These licenses will be issued more carefully by the government, because we see what is happening,” Danilov said at a briefing on the results NSDC meeting in Kyiv on Friday.
He said the companies have licenses for copper mining, but not a single kilogram of copper is mined in Ukraine.
“All this will be taken under control by this decision. In addition, certain processes will be strengthened, taking into account the fact that from January 1, 2021, children who were born should receive certain money after a certain period of time, when this system will work,” Danilov said.

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UKRAINE CAN BECOME KEY SUPPLIER OF RAW MATERIALS, COMPONENTS FOR TECHNOLOGIES FOR EUROPE – EXPERT

Ukraine can become a better supplier of raw materials and components for future technologies for Europe than China, Vice-President of the European Commission for Interinstitutional Relations and Foresight Maroš Šefčovič has said.
“I think you can do better than China. I understand the President, the Prime Minister and your business leaders who want to ensure that Ukraine builds an entire vertically integrated value chain around critical raw materials and that as much value added as possible remains in Ukraine […] Ukraine clearly could be the key supplier of raw materials and components for these future technologies for Europe,” Šefčovič said in an interview with Interfax-Ukraine.

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