The European Parliament’s International Trade Committee passed a one-year extension of the liberalization of food exports from Ukraine to the EU on March 7, rejecting demands that additional measures be implemented to appease aggrieved farmers in the EU. At the same time, an “emergency brake” was added that would impose tariffs if the export of … Read more
Ukraine will limit trade with the EU to resolve a political dispute with Poland, but instead calls on Brussels to ban Russian grain imports, said Deputy Minister of Economy, Trade Representative of Ukraine Taras Kachka, according to Financial Times. Kyiv supports new measures to impose restrictions on the import of eggs, poultry and sugar from June, … Read more
Ukraine’s international reserves in February, according to preliminary estimates from the National Bank of Ukraine (NBU), decreased by 3.8%, or $1.47 billion, to $37.052 billion. “This dynamics is due to the NBU’s foreign exchange interventions to maintain exchange rate stability and the country’s debt payments in foreign currency, which were partially offset by receipts from … Read more
Kyiv is open to trade restrictions with the EU to defuse tensions with Warsaw but urges bloc-wide import bans on Russian grain, Ukraine’s Deputy Economy Minister and Trade Representative Taras Kachka told the Financial Times (FT) in a comment published on March 6. The EU instituted a liberalized trade regime with Ukraine in 2022 to … Read more
The National Bank of Ukraine (NBU) stated a low level of national currency banknotes counterfeiting based on monitoring of hryvnia banknotes withdrawn from circulation: by the end of 2023, by 1 million pieces. Approximately 2.1 banknotes were counterfeited per 1 million authentic banknotes, while in 2022 they were 2.2 banknotes According to the regulator’s information … Read more
Since the Russian invasion on February 24, 2022, more than 775 Ukrainian companies have entered the Romanian market; in 2023 alone, more than 300 Ukrainian companies began operating in Romania, President of the Chamber of Commerce and Industry of Romania (CCIR) Mihai Daraban told Interfax-Ukraine. “From the very beginning of the aggression, the CCIR supported … Read more
Polish farmers demand to close the border for goods from Ukraine, but if you look at the trade balance between Poland and Ukraine, it is clearly in favor of Poland, writes Rzeczpospolita. In 2021 Ukraine was only the 15th largest export market for Poland, but in 2023 it took seventh place, after Germany, the Czech … Read more
The Swedish Export Credit Corporation began accepting applications for special credit guarantees for exports to Ukraine on March 1, the total limit of guarantees according to the country’s budget for 2024 is SEK 333 million ($32.1 million at the current exchange rate). As stated in the Swedish Export Credit Corporation’s report, this became possible after … Read more
The European Union will strengthen control over carriers’ compliance with agreements on transporting grain from Ukraine to address concerns of protesting farmers and free up trade, Reuters reported on March 1, citing the EU Transport Commissioner Adina Valean. Farmers across Europe have been protesting over a range of issues, including what they claim is unfair … Read more
The Ministry of Energy expects the Verkhovna Rada to soon adopt bill No. 9456, which resolves the issue of unblocking the export of biomethane. As Deputy Energy Minister Svitlana Hrynchuk said, lifting the ban on natural gas exports, introduced with the start of the full-scale invasion, will depend on the impact of such a decision … Read more