Business news from Ukraine

UKRAINE TO OBLIGE CITIZENS ARRIVING FROM RUSSIA AND INDIA TO UNDERGO 14-DAY SELF-ISOLATION

Ukraine is changing the rules for crossing the border, in particular, it will oblige those entering from Russia and India to undergo 14-day self-isolation, Health Minister Viktor Liashko said during a government meeting on Wednesday.
“Unvaccinated foreigners and Ukrainians who arrived from Russia and India will be subject to special control. If they have spent the last seven days in these countries, they will be subject to mandatory self-isolation or observation for 14 days without the possibility of early termination,” he said.
“The new Delta coronavirus strain is actively spreading in Europe. A large outbreak is recorded in Russia. We propose new border crossing rules, which will take effect seven days after the official publication, in order to reduce the possibility of the spread of the virus in Ukraine. Also due to these changes, we we will be able to conduct better epidemiological investigations if a carrier is identified,” the minister said.

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MAJOR SUPPLIERS OF COAL TO UKRAINE ARE RUSSIA WITH 60% SHARE AND US WITH 22.5%

Ukraine in January-June 2021 increased imports of coal and anthracite by 17.6% compared to the same period in 2020, to 10.145 million tonnes.
According to the State Customs Service, coal was imported for $984.046 million, which is 4.1% more than in January-June 2020 ($945.346 million).
Coal came from the Russian Federation for $587.543 million (a share in imports – 59.71%), the United States – for $221.273 million (22.49%), Kazakhstan – for $114.96 million (11.68%), other countries – for $60.27 million (6.12%).
Coal exports by Ukraine for the six months of 2021 amounted to 204 tonnes for $25,000, in particular to Hungary – for $11,000, Belarus – for $7,000, Bulgaria – for $7,000. In the same period last year, no export was carried out.

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UKRAINIAN PRIME MINISTER: MARKET GRADUALLY REORIENTING FROM RUSSIA TO EUROPE

The volume of trade between Ukraine and Russia has dropped by nearly 84% over the past six years, Ukrainian Prime Minister Denys Shmyhal said at a joint press conference with European Commission Vice-President for Interinstitutional Relations and Foresight Maros Sefcovic in Kyiv.
“In fact, the volume of annual trade from Russia has dropped over the past six years by nearly 84%, from $37 billion to $7 billion. Trade turnover between Russia and Ukraine is gradually declining. At the same time, the volume of trade [between Ukraine and] Europe has grown to over 40%, which means it has grown by more than fivefold. The replacement of markets is underway, and Ukraine is learning to manufacture goods of higher quality, in line with European standards, which meets the course of our development,” Shmyhal said, when asked by Interfax-Ukraine what share of Ukrainian exports has been affected by Russia’s recently-introduced ban on imports of certain products from Ukraine and how the Ukrainian government would respond to it.
Shmyhal insisted that he was talking not about “trade wars” but about the Ukrainian market’s natural reorientation toward the European and other markets.
As was reported earlier, the Russian government extended a list of products that cannot be imported from Ukraine on June 28, 2021.

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EU PROLONGS ECONOMIC SANCTIONS AGAINST RUSSIA

The European Union has decided to prolong the economic sanctions against Russia, European Council President Charles Michel said on Friday.

“We have rolled over our economic sanctions against Russia: Moscow must do its part to ensure full implementation of Minsk Agreements,” he said on Twitter.

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ZELENSKY SIGNS DECREE ON NEW SANCTIONS AGAINST 55 BANKS OF RUSSIA

President of Ukraine Volodymyr Zelensky by decree No. 264 has put into effect the decision of the National Security and Defense Council (NSDC) of June 18 on the extension and introduction of new sanctions against 55 Russian banks, payment systems and the so-called “central banks” from ORDLO at the suggestion of the National Bank of Ukraine.
According to the document posted on the website of the head of state, this list still includes, in particular, Bank of Moscow, Gazprom Bank, Bank Rossiya, Bank VTB, State Corporation VEB.RF, Sberbank Russia, as well as payment systems MoneyTo, BLIZKO, ANELIK, Kolibri.
With regard to banks that have subsidiaries in Ukraine, the restriction is to prevent the withdrawal of capital from the country.

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UKRAINE MAY TIGHTEN CONTROL OVER VISITORS FROM UK, INDIA, RUSSIA, PORTUGAL TO PREVENT DELTA STRAIN SPREAD

The government is exploring the possibility of strengthening control over visitors from the UK, India, Russia and Portugal to prevent the circulation of the “Delta” (Indian) strain of coronavirus (COVID-19), Health Minister Viktor Liashko said.
“At the Cabinet of Ministers we considered the possibility of strengthening control over people who come from four countries, Great Britain, India, Russia and Portugal, where the greatest circulation of the so-called Delta virus,” he said at a press conference in Kyiv on Wednesday.
As noted by Liashko, the peculiarity of the Delta strain is that it is transmitted faster and leads to hospitalization faster.
“This leads to the fact that hospitals fill up rather quickly, in particular, we see this in Russia,” he said.

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