Business news from Ukraine

PORTUGAL WILL PROVIDE UKRAINE WITH UP TO 250 MILLION EUROS IN SUPPORT

Portugal will provide Ukraine with up to 250 million euros in financial support. The corresponding memorandum was signed on Saturday in Kyiv by the Prime Minister of Ukraine Denis Shmygal and the Prime Minister of Portugal Antonio Costa.
“Ukraine should receive the first tranche of up to 100 million euros this year. This will help Ukraine maintain macroeconomic stability during the war and allow it to recover soon after our victory. Thank you Portugal for this support!” Shmygal wrote in a telegram channel.

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СONFERENCE IN SUPPORT OF UKRAINE TO BE HELD IN SLOVAKIA IN EARLY JUNE

A conference in support of Ukraine will be held in Slovakia in early June under the auspices of GLOBSEC, President of the organization Róbert Vass (Slovakia) said.
“GLOBSEC is preparing a large conference in Bratislava for June 2 to June 4 to mobilize military, humanitarian, economic and financial support for Ukraine, where prime ministers, presidents are invited and offered Ukraine the chairmanship of the event,” the Verkhovna Rada said on its website on Friday, citing the words Vass at the meeting of the delegation of parliamentarians of the EU Member States (GLOBSEC) with heads of the Verkhovna Rada committees and First Deputy Chairman Oleksandr Korniyenko.
Vass said that an international group of European parliamentarians, created under the auspices of GLOBSEC, came to Kyiv to support Ukraine in its struggle for sovereignty and independence.
Vass said Ukrainians are not just fighting for its soil, but also for Europe. These are the fundamental foundations of international law, so it is GLOBSEC moral duty to help Ukraine so that Ukrainians are not alone in this struggle. Today, the future of the West is determined in the East. Ukraine has shown that its place is in Europe, in the world of Euro-Atlantic values. GLOBSEC will help in Ukraine’s official accession to Europe, the president of the organization said.
Kornyienko urged European colleagues to involve their parliaments and governments in the restoration of Ukraine, to become partners of Ukrainian regions and cities.
“We heard your message about the conference and our participation in it. We will form both government and parliamentary delegations at the highest level in order to substantively discuss all issues, in particular, specific restoration projects,” Kornienko said.
A delegation of European parliamentarians, together with MPs of Ukraine, visited Bucha and Borodianka destroyed by the Russian Nazis in Kyiv region.
GLOBSEC is an analytical center in Central Europe and organizer of the annual Bratislava Forum.

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PRESIDENT OF UKRAINE THANKS ALBANIA FOR SUPPORT

President of Ukraine Volodymyr Zelensky thanked Albania for its support and assistance to Ukrainian refugees.
“Thank you for the fact that the people of Albania did not hesitate whom to support in this struggle. You have definitely taken the side of freedom and truth,” he told the Albanian parliament on Tuesday, speaking via video link.
“Thank you for concrete steps, for defense assistance, for supporting sanctions against Russia, for taking care of our people and accepting our children, in particular in Durres,” Zelensky said.
According to the president, “such an attitude towards Ukrainians in difficult times reminds me of Holy Mother Teresa, an Albanian whose life has become a symbol of humanism.”
“She taught people that good can overcome evil and get closer to the holiness that people will remember from generation to generation,” Zelensky said.

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GROUP OF U.S. DEMOCRATIC LAWMAKERS TO VISIT POLAND, GERMANY, INDIA, NEPAL, UAE TO GARNER SUPPORT FOR UKRAINE

A group of U.S. Democratic lawmakers, including four senators and a member of the House of Representatives, will travel to Poland, India, Germany, Nepal and the United Arab Emirates to garner support for Ukraine.
“This strong congressional delegation will have the opportunity to meet with U.S. military leadership and troops in Poland in order to learn how the U.S. can continue to support Ukraine and our NATO allies against Russia’s unprovoked and unwarranted war,” the lawmakers said in a joint statement, according to The Hill.
“In addition, the delegation will meet with a number of key foreign leaders in Poland, UAE, India, Nepal, and Germany to strengthen ties during this period of heightened global tension,” the congressmen said.
Other senators making the trip with Kelly are Kirsten Gillibrand (D-N.Y.), Cory Booker (D-N.J.), Ed Markey (D-MA), along with Rep. Mondaire Jones (D-N.Y.), the lone House member.

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WLADIMIR KLITSCHKO LEFT FOR GERMANY TO NEGOTIATE SUPPORT FOR UKRAINE

Volodymyr Klitschko, as part of the Ukrainian delegation, left for Germany, where negotiations are planned on political and economic support for Ukraine, Kyiv Mayor Vitaliy Klitschko said.
“Vladimir went with a delegation from Ukraine to meetings in Germany. Meetings are planned with German politicians and officials for political support of Ukraine – economic, humanitarian and military assistance to our state,” Vitali Klitschko wrote on his Facebook page
The mayor of Kyiv stressed the importance of consolidating all efforts to support the country.
“Today it is very important to unite all forces – both in Ukraine and to consolidate the positions and actions of the partner countries of our state,” he said.

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METINVEST TRANSFERS $500,000 TO SUPPORT ZAPORIZHIA

Metinvest Mining and Metallurgical Group, owned by businessman Rinat Akhmetov, transferred $500,000 to a targeted charity fund for the purchase of protective ammunition and first-aid kits for the Territorial Defense Forces of Zapoprizhia.

“By uniting for the sake of defending the independence of Ukraine and Ukrainians, we are bringing victory closer. The army and the Territorial Defense Forces protect the civilian population, and we are trying to protect and support them in the struggle for state sovereignty, our freedom and independence,” head of the Metinvest Humanitarian Mission Coordination Center in Zaporizhia, director general of Zaporizhstal, Oleksandr Myronenko, who is quoted by the press service of the steel plant, said.

At the same time, it is noted that the Vadym Novynsky Foundation also transferred $500,000 in support of Zaporizhia Territorial Defense Forces.

The total contributions transferred to Zaporizhia Trust Charitable Fund will be used to purchase bulletproof vests, bulletproof helmets and NATO-standard first-aid kits for the defenders.

According to a press release, Metinvest Group has been supporting the Armed Forces of Ukraine and the Territorial Defense Forces in the cities where the company operates since the first days of the war. Since the beginning of hostilities, more than 35,000 anti-tank hedgehogs, as well as spiked chains against wheeled vehicles and anti-landing hedgehogs, have been made from Metinvest steel. With the support of the company, the construction of the city’s fortifications continues. Metinvest enterprises provide heavy special equipment and vehicles for the needs of defenders, as well as fuel, batteries and walkie-talkies.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in Donetsk, Luhansk, Zaporizhia and Dnipropetrovsk regions, in European countries. In particular, in Bulgaria there is a Promet Steel plant with a capacity of 500,000 tonnes of rolled metal per year, in Italy – Metinvest Trametal and Ferriera Valsider with a total capacity of 1.2 million tonnes per year. In the UK, the company owns the Spartan UK plant, which can produce 200,000 tonnes of rolled steel per year.

The main shareholders of Metinvest are the SCM group (71.25%) of Rinat Akhmetov and Smart Holding (23.75%) of Vadym Novynsky, who jointly manage the company.

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