Business news from Ukraine

U.S. AND UKRAINE AGREE TO STRENGTHEN COOPERATION ON VETERINARY AND BIOSECURITY REQUIREMENTS

Ukraine and the United States have agreed to strengthen bilateral cooperation mechanisms on veterinary and biosecurity requirements, and discussed joint initiatives at the global level regarding common requirements under trade agreements and individual bilateral veterinary certificates, the Economy Ministry said on its website. The corresponding decision was made during a meeting between First Deputy Prime Minister – Minister of Economy Oleksiy Liubchenko and Acting Deputy Under Secretary of the U.S. Department of Agriculture for Trade and Foreign Agricultural Affairs Jason Hafemeister during a working visit of Ukrainian President Volodymyr Zelensky to the United States.
According to the ministry, the parties also confirmed a common vision of the strategic goals of agricultural policy in matters of climate neutrality and overcoming hunger. In addition, Ukraine and the United States agreed on a common position within the framework of the UN Food Systems Summit, which will be held on September 23 this year, to achieve sustainable development goals, including overcoming hunger.
In addition, the Ukrainian side called on American companies to increase the supply of modern technologies in the Ukrainian market. The parties also discussed the involvement of American companies in the implementation of land reclamation projects in Ukraine as part of efforts to counter the negative consequences of climate change.

, , ,

US TO DIRECT $60 MLN TO UKRAINE FOR DEFENSE

United States President Joseph Biden has ordered the allocation of financial assistance to Ukraine in the amount of $60 million from the Pentagon for defense, according to the White House website.
This is reported in the Memorandum signed by Biden on August 27.
“By the authority vested in me as President by the Constitution and the laws of the United States of America, I hereby delegate to the Secretary of State the authority to direct the drawdown of up to $60 million in defense articles and services of the Department of Defense, and military education and training, to provide assistance to Ukraine and to make the determinations required under such section to direct such a drawdown,” the president said in the memorandum.

,

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.

, ,

US TO TRANSFER VACCINES TO UKRAINE UNDER COVAX PROGRAM

Ukraine will receive a part of the vaccines from the United States through the COVAX program, which will be transferred as part of the U.S. plans to purchase and transport 500 million doses of Pfizer and BioNTech vaccines, the U.S. Embassy in Ukraine press service said. “About a month ago President [Joe] Biden announced that he will purchase another 500 million additional doses of Pfizer BioNTech COVID-19 vaccines to contribute to Covax, which is the facility that is sharing these vaccines around the world, including with Ukraine,” the embassy said in the statement.
As noted, the USAID agency located in Ukraine will set up distribution networks and “cold chain” networks that allow the vaccine to be fully ready to go.
“The United States is the largest global contributor to the Covax Facility. We have given over $4 billion to that facility to help distribute vaccines around the world,” the embassy’s press office said.
At the same time, the U.S. government plans to continue to cooperate with Ukraine and other countries to reduce the level of coronavirus (COVID-19) disease in the world.

, , ,

RUSSIAN-AMERICAN SUMMIT IN GENEVA ON JUNE 16 TO LAST FIVE HOURS

The Russian-American summit in Geneva on June 16 will last five hours, according to the protocol program.
Russian President Vladimir Putin’s arrival at the Villa La Grande and a joint photo session with United States President Joe Biden and Swiss President Guy Parmelin are scheduled for 1:00 p.m. local time, according to documents released by the Kremlin press service ahead of the event.
The conversation between the U.S. and Russian presidents on the ground floor in a library is due to begin at 1:15 p.m.
The Russian-U.S. talks in an expanded format are schedule to begin at 2:30 p.m.
These talks will resume after a break at 4:15 p.m.
The Russian president’s press conference is due to begin at 6:00 p.m.

, , , ,

US PROVIDES $155 MLN TO SUPPORT UKRAINE’S DEVELOPMENT

The United States announced that it will provide $155 million in additional development funding to Ukraine through the U.S. Agency for International Development (USAID) to improve the lives of the Ukrainian people, the U.S. Embassy in Ukraine said on Tuesday.
“The additional resources will be used to address key development challenges in Ukraine, including: support economic growth and improve health of Ukrainians some $34 million; enhance anti-corruption efforts some $14 million; counter Russian aggression some $63 million; strengthen democracy and governance some $44 million,” the embassy said in the statement.
The first article provides support of Ukraine’s recovery from coronavirus (COVID-19) pandemic by improving essential health services; improvement of transparency and expansion of economic opportunities in energy, agriculture and finance to increase investor confidence, attract investment and improve economic investment in the agrarian sector.
Enhancing anti-corruption measures includes strengthening reforms and safeguard anti-corruption institutions to counter entrenched interests and ensure all of Ukraine’s resources benefit the Ukrainian people; reducing corrupt practices in the health sector and facilitate Ukraine’s purchases of vital medicines to reduce informal payments by patients and provide access to less expensive, quality medicines; supporting the continued development of online e-government platforms that simplify access to services and streamline how Ukrainians receive their pensions, unemployment benefits, and more.
Countering Russian aggression are planned to be used to human rights and ensure access to justice for the Ukrainians affected by Kremlin-backed aggression in the Crimea and Donbas; reduce Ukraine’s energy and economic dependence on Russia by advancing connections to Europe’s energy grid and strengthening businesses in the East; expand citizen access to high-quality, unbiased information to counter malign influence and disinformation, support European integration, and strengthen democratic processes.
Strengthening democracy and governance involves expanding judicial reform; strengthening consolidated communities and expand quality service provision to their residents to advance Ukraine’s decentralization reform efforts; encouraging youth leadership and innovation.

, ,