Business news from Ukraine

RUSSIAN FOOTBALL CLUBS ARE DEPRIVED OF OPPORTUNITY TO PARTICIPATE IN ALL EUROPEAN TOURNAMENTS

The Union of European Football Associations has decided not to allow Russian clubs to participate in the Champions League and Europa League season 2022/2023, the UEFA press service reported on Monday.
There will be no Russian clubs in UEFA club competitions in the 2022/23 season.
Thus, there will be no Russian teams next season in the UEFA Champions League, UEFA Europa League, UEFA Conference League, UEFA Women’s Champions League and UEFA Youth League.
Russian clubs and national teams were suspended by the decision of UEFA and FIFA on February 28 due to the situation in Ukraine.

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RADA REGISTERS BILL RESTRICTING IMPORT OF MEDICINES PRODUCED IN RUSSIA, BELARUS

The Verkhovna Rada has registered a draft law restricting the circulation of medicines produced in the Russian Federation or the Republic of Belarus.
Relevant bill No. 7313 of April 25, 2022, authored by a group of MPs of the Servant of the People faction, including head of the Committee on Public Health, Medical Assistance and Medical Insurance Mykhailo Radutsky, was registered in the Verkhovna Rada.
As reported, according to First Deputy Minister of Health Oleksandr Komarida, state registration in Ukraine of medicines (all or selectively determined by the Ministry of Health) of an applicant may be temporarily canceled (registration certificate terminated) if it is established that this applicant or his representative is directly or indirectly related to with business entities that are directly or indirectly involved in production of medicines on the territory of the aggressor state (the Russian Federation or the Republic of Belarus).
In addition, the registration of a drug may be canceled if, after February 23, 2022, the applicant participated in at least one of the stages of production of any medicinal product or active pharmaceutical ingredients by an enterprise located on the territory of the aggressor state.

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SWITZERLAND BANS COAL IMPORTS FROM RUSSIA

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.

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UN CHIEF: UN IS CONCERNED ABOUT WHAT IS HAPPENING IN UKRAINE AND CONSIDER ACTIONS OF RUSSIA INVASION

Violation of the territorial integrity of Ukraine is inconsistent with the UN Charter, said UN Secretary General Antonic Guterres.
“We firmly believe that the violation of the territorial integrity of any country is completely inconsistent with the UN Charter. We are deeply concerned about what is happening now. We believe that there has been an invasion of the territory of Ukraine,” Guterres said during negotiations with Russian President Vladimir Putin on Tuesday in Moscow.
The claims that Russia has regarding Ukrainian issues and European global security must be resolved, guided by the UN Charter, Guterres said.

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AMERICAN COMPANY UPS SUSPENDS WORK IN UKRAINE, BELARUS AND RUSSIA

The American postal service UPS has suspended its work in Ukraine.

As reported on its website, the decision was made “because of the situation in Ukraine.” Operations have also been halted in Belarus and Russia.

UPS provides mail service in 220 countries around the world.

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PRESIDENT OF UKRAINE ZELENSKY SPOKE IN FAVOR OF DIPLOMATIC PATH IN ENDING WAR WITH RUSSIA

President of Ukraine Volodymyr Zelensky said he wants the end of the war with Russia and spoke in favor of a diplomatic way to end it.
“I want to stop the war and end it. There is a diplomatic path, there is a military one. Any healthy person always chooses the diplomatic path, because he knows: even if it is difficult, it can stop the loss of thousands, tens of thousands, and with such neighbors hundreds of thousands, and maybe even millions of victims. I don’t want this. And any leader, whether he personally wants it or not, has no right to subjectively cancel the diplomatic path,” Zelensky said at a press conference in Kyiv on Saturday.

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