Business news from Ukraine

GERMANY PLANS TO STOP IMPORTING RUSSIAN COAL BY AUTUMN – CHANCELLOR SCHOLZ

Germany plans to stop importing Russian coal by autumn, this will be possible at the expense of other suppliers, including South Africa.

“This is something that is quite real,” German Chancellor Olaf Scholz told reporters on Tuesday in Pretoria, where he is visiting. He is quoted by the German media.

Earlier in April, during a visit to Latvia, German Foreign Minister Annalena Berbock said that Germany would gradually stop buying Russian energy resources, in particular, by the end of the year it would completely stop importing Russian oil. From coal imports, Burbock said, it is planned to stop before the end of the summer.

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CHANCELLOR SCHOLZ DISCUSSED WITH ZELENSKY “THE CURRENT SITUATION AND THE NEGOTIATION PROCESS” BETWEEN UKRAINE AND RUSSIA

German Chancellor Olaf Scholz, in a telephone conversation with Ukrainian President Volodymyr Zelensky on Wednesday, received information about the “current situation and the negotiation process” between Russia and Ukraine, according to a press release from the German government.
“The chancellor was informed about the current situation (in Ukraine) and about the negotiation process between Ukraine and Russia, designed to end the conflict,” the document says.
Scholz and Zelensky also discussed “concrete, practical ways” to provide further assistance to Ukraine and “agreed to remain in close contact.”
In addition, according to the document, Scholz “expressed condolences in connection with the death of the first president of independent Ukraine, Leonid Kravchuk.”

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CHANCELLOR SCHOLZ: GERMANY IS RAPIDLY PREPARING NEW EUR150 MILLION LOAN FOR UKRAINE

Germany, which recently provided Ukraine with a EUR150 million loan, is rapidly preparing another such loan, German Chancellor Olaf Scholz said at the High-Level International Donor Conference for Ukraine in Warsaw on Thursday.
“We will provide much-needed liquidity to the budget of Ukraine. Recently, a special loan of EUR150 million was allocated. Another loan of EUR150 million is being prepared on an accelerated basis,” he said.
Scholz added that, as part of bilateral development cooperation, Germany had already provided EUR122 million to Ukraine to address the economic and social consequences of the war. “And we intend to provide another EUR140 million for development financing,” the chancellor said.

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GERMAN CHANCELLOR SCHOLZ: GERMANY SUPPORTS UKRAINE IN PROTECTING ITS SOVEREIGNTY

German Chancellor Olaf Scholz says that Germany supports Ukraine and “acts decisively.”
“Our goal must be that Ukraine can defend its sovereignty, its freedom and its democracy. We support them in this. We are acting prudently and adapting to the current situation. And we are acting decisively,” he tweeted.
As reported, Finance Minister Serhiy Marchenko said last week that preparations had recently begun for the next EUR150 million loan from Germany, which will help support Ukraine’s macro-financial stability.
According to him, only in the second half of April, Germany received a EUR150 million loan to support small and medium-sized businesses, an agreement on which was reached back in March 2020.
“Minister Christian Lindner also noted that they are considering providing us with military support in the amount of EUR1 billion, but we expected from Germany no less financial support than that provided by the UK, Canada or the United States,” Marchenko said.

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GERMAN CHANCELLOR SCHOLZ: RUSSIA WILL REMAIN UNDER SANCTIONS IF THERE IS NO PEACE AGREEMENT ON UKRAINE

Peace, not secured by an appropriate agreement, will not free Russia from international sanctions, said German Chancellor Olaf Scholz.
“Russia is in a very difficult situation, the sanctions are causing serious damage to the Russian economy,” Scholz said in an interview with Spiegel.
A “cold peace” that is not secured by an agreement will not free Russia from sanctions,” the chancellor added.

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GERMAN CHANCELLOR SCHOLZ: GERMANY IS STUDYING LIST OF WEAPONS REQUESTED BY UKRAINE TO FIND OUT WHAT CAN BE DELIVERED QUICKLY

German Chancellor Olaf Scholz said that Germany is studying the list of weapons requested by Ukraine and plans to “find out what can be supplied quickly.”
“The lists include anti-tank weapons and air defense weapons,” Scholz told reporters in Berlin on Tuesday following a video conference with US President Joe Biden and other G7 leaders.
According to him, weapons that the Ukrainian army already knows how to use should be supplied. At the same time, the chancellor stressed that the possibilities of the FRG to supply arms were “almost exhausted.”
Scholz also said that NATO would not interfere in the conflict in Ukraine.
“NATO will not interfere in the conflict,” he said.
In turn, British Prime Minister Boris Johnson said, speaking in the House of Commons, that “NATO’s long-term goal should be to strengthen and strengthen Ukraine to such a level that Russia will never dare to invade again.”
At the same time, the President of the European Council, Charles Michel, following a video conference, said that the EU will create a special Ukraine Solidarity Fund, which will be used to support and restore Ukraine.
“We discussed with US President Joe Biden and like-minded partners a further coordinated response to Russia’s aggression against Ukraine. We discussed the need for further humanitarian, financial and military assistance. The EU will create a Solidarity Fund with Ukraine to immediately support and restore democratic Ukraine,” wrote the President of the European Council Charles Michel on Twitter.

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