A record volume of cargo was exported along the Ukrainian sea corridor, created by the Ukrainian Navy, in February – 8 million tonnes, the total volume of exports since the beginning of the “grain corridor” reached 28 million tonnes, said Deputy Prime Minister for the Restoration of Ukraine – Minister for Communities and Territories Development … Read more
In January 2024, exports of ferroalloys decreased to 230 tons of products compared to 2,500 tons in December and 55,900 tons in January 2023. Last year, exports decreased by 4.9% compared to 2022 to 344,200 tons, and by 48.5% compared to 2021. Poland, Turkey, and the Netherlands were the largest consumers of Ukrainian ferroalloys in … Read more
The Unity Facility grain transportation insurance mechanism for the Ukrainian maritime corridor, which has been in effect since November 2023, has been expanded to include vessels that carry not only grain but also any other cargo, said Crispin Ellison during an online USUBC webinar. “We were able to create a mechanism where the prices are … Read more
The final decision on the sale of FX currency to large Ukrainian companies and holdings and their further settlements from Ukraine on eurobonds with Western creditors will be made by the National Bank of Ukraine (NBU), First Deputy Prime Minister – Minister of Economy Yulia Svyrydenko said at the Made in Ukraine forum in Kyiv … Read more
President Zelenskyy announced the start of Ukraine’s new economic strategy, Made in Ukraine, which will become a platform for constant, direct dialogue between the state and entrepreneurs. He also announced that the government will develop a Ukrainian Cashback program, which will return a portion of money spent for purchasing goods and services produced in Ukraine, … Read more
According to the NBU, the Ukrainian economy will increase by 7%, and the GDP per person will be $15,500 within a decade after the country’s accession to the EU with the rapid implementation of all necessary reforms. Under a partial implementation of reforms, the economy can grow by about 4% for ten years, and GDP … Read more
The G7 countries released a statement in which they noted: “We confirm that the sovereign assets of the Russian Federation in our jurisdictions will remain immobilized until the Russian Federation pays for the damages it has caused to Ukraine.” The signatories of the statement welcomed the EU’s decision to adopt a mechanism for storing the … Read more
Ukrainian farmers exported 93% of their products through the ports in and around Odesa and on the Danube in the period since August 2023, Ukraine’s Infrastructure Ministry reported on Feb. 23. More than 30 million metric tonnes of agricultural products have been exported through these ports since August 2023, when Ukraine set up a new … Read more
The maritime corridor created by the Naval Forces of the Armed Forces of Ukraine and the Danube has ensured the export of almost 26 million tonnes of cargo since August 2023, of which more than 18 million tonnes are products of Ukrainian farmers, the Ministry of Communities, Territories and Infrastructure Development (Ministry of Reconstruction) reported … Read more
Ukraine is planning an additional route via the Danube River to circumvent the ongoing protests and ensuing problems at the Polish border, Bloomberg reported on Feb. 20, citing comments from Ukrainian Infrastructure Minister Oleksandr Kubrakov. The Danube’s importance as a shipping route rose sharply following Russia’s unilateral withdrawal from the Black Sea grain deal in … Read more