Business news from Ukraine

UKRAINE RECEIVES $1.7 BLN FROM USA TO SUPPORT MEDICAL PROGRAM

Ukraine has received $1.7 billion from the United States to support the Medical Guarantee Program (MGP), Health Minister Viktor Liashko has said.
“As a result of agreements with the U.S. government, Ukraine received $1.7 billion in support of the MGP. The funds were provided through the World Bank trust fund on a gratuitous, non-refundable basis to the state budget of Ukraine,” he said at a briefing on Tuesday.
Liashko also said that since the beginning of 2022, as part of the MGP, UAH 74 billion have been transferred to medical institutions, including more than UAH 54 billion directed to the salaries of doctors.
In addition, Liashko recalled that out of 834 health facilities destroyed by the aggressor, 123 cannot be restored.
“The terrorist country is destroying the walls of hospitals, but it will never destroy the heroism and dedication of our doctors, who continue to work in the most difficult conditions,” he stressed.

, ,

USA TO PROVIDE $368 MLN ADDITIONAL HUMANITARIAN AID TO UKRAINE – BLINKEN

The United States will provide almost $368 million in additional humanitarian aid to Ukraine to support people inside Ukraine and refugees forced to leave their country, U.S. Secretary of State Antony Blinken has said.
“Our commitment to the people of Ukraine is resolute. The United States is providing nearly $368 million in additional humanitarian aid to support people inside Ukraine and refugees forced to flee their country to seek safety in the midst of Russia’s brutal war,” he wrote on Twitter on Saturday.

,

USA TRANSFERS RESCUE EQUIPMENT WORTH $50 MLN TO UKRAINE

Rescue equipment worth $50 million was handed over to Ukrainian law enforcement officers by the American side, other aid packages are expected to be handed over in the near future, U.S. Ambassador to Ukraine Bridget Brink said.
Proud to strengthen our partnership with the Ministry of Internal Affairs of Ukraine and Minister Monastyrsky to support Ukraine’s law enforcement with $50 million in life-saving equipment. More is on the way,” Brink said on Twitter on Monday.
The ambassador also noted that the State Border Guard Service of Ukraine, the National Guard and the National Police of Ukraine, which are part of the Ministry of Internal Affairs, “have displayed true heroism in the most dire conditions.”

, ,

PRESIDENT OF UKRAINE WILL COMMUNICATE WITH STUDENTS OF LEADING UNIVERSITIES IN THE USA, CANADA AND UKRAINE

President of Ukraine Volodymyr Zelensky announced his address and communication with students from leading universities in the US and Canada, as well as higher educational institutions in Ukraine.
According to him, the maximum attention of the world to Ukraine should be maintained, and information about the needs of the Ukrainian state should be present in the news of all countries.
“For greater informational and political support for Ukraine, on Monday I will communicate with students from leading American universities. These are 63 US universities and 2 Canadian universities that bring together hundreds of thousands of students and are a large expert and research community. Their voice will definitely strengthen our capabilities,” Zelensky said in a video message.
At the end of May, the head of state is scheduled to address the students of Stanford University.
Zelensky also announced his plans to communicate with Ukrainian students.
“I am also getting ready to communicate with Ukrainian students from leading universities. In my address to them, I will answer important and complex questions that already exist in our society and are already visible. I expect deep questions from them,” the president said.
The head of state also said that he would continue his appeals to the parliaments of European states. “Our task is the status of a candidate for the EU, and over time, accession to the EU under an accelerated procedure,” he said.
“It is equally important to have the maximum consent of the European countries to strengthen sanctions against Russia. It is for this that I will apply to the Luxembourg parliament in the near future,” he added.
In addition, according to Zelensky, work is underway to expand the geography of speeches before the parliaments of Africa and Asia.
On May 23, the head of state is scheduled to address the forum participants in Davos. “The pre-war reconstruction will be discussed. We are doing our best to collect the support of the world to the maximum,” he summed up.

, , , ,

USA SUSPENDS 25% DUTY ON UKRAINIAN STEEL, STEEL PRODUCTS FOR ONE YEAR

The United States will temporarily – for 12 months – suspend a 25% duty on Ukrainian steel imposed by President Trump under Section 232 of the Trade Expansion Act of 1962, U.S. Secretary of Commerce Gina M. Raimondo has said.
“For steel mills to continue as an economic lifeline for the people of Ukraine, they must be able to export their steel. Today’s announcement is a signal to the Ukrainian people that we are committed to helping them thrive in the face of Putin’s aggression, and that their work will create a stronger Ukraine, both today and in the future,” the statement of the minister is given on the website of the ministry.
The report states that 1 in 13 Ukrainians is employed in the steel industry of Ukraine, and their work is well paid.
“We are talking about stopping the 25% tariffs imposed in 2018 by the Trump administration,” Yulia Svyrydenko, First Deputy Prime Minister and Economy Minister, commented on the decision of the U.S. Department of Commerce.
According to her, the Ministry of Economy has been working on this project for several years.
“The abolition of these duties will be a turning point in trade relations between Ukraine and the United States,” she stressed.
According to the State Statistics Service, in 2021, the export of ferrous metals from Ukraine to the United States increased by 50.5% compared to the previous year, to $70.76 million, and ferrous metal products – 11 times, to $16.85 million. In total, these two accounted for 55.4% of all exports from Ukraine.
The U.S. Department of Commerce also recalled that some of Ukraine’s largest steel mills have suffered the most from Putin’s barbarism, and Azovstal in Mariupol has become a symbol of Ukraine’s determination to resist Russian aggression. The ministry added that many Ukrainian steel mills continued to pay workers, feed and shelter their employees during the fighting, and some resumed production despite nearby fighting.
“Creating export opportunities for these mills is essential to their ability to continue employing their workers and maintaining one of Ukraine’s most important industries,” the statement said.
It also states that following the sanctions, U.S. exports to Russia of categories of goods subject to new U.S. export licensing requirements decreased by 97% in value terms compared to the same period in 2021 (February 24-April 29), and total exports fell by about 79%.

, , ,

11 PROFESSIONAL RESCUERS FROM THE USA, AUSTRALIA AND GERMANY ARRIVE IN UKRAINE

On Monday, April 18, Minister of Internal Affairs of Ukraine Denys Monastyrsky met foreign rescue colleagues who arrived in Borodyanka (Kyiv region).
According to the press service of the Ministry of Internal Affairs of Ukraine, 11 professional rescuers from the United States, Australia and Germany have expressed a desire to come to Ukraine on a volunteer basis and help Ukrainian rescuers. In the near future, 1 more Polish representative will join the team.
It is noted that now they will work in Borodyanka, where they will be involved in dismantling the rubble and deblocking buildings.

, , ,