The National Bank of Ukraine, in order to increase stability in the foreign exchange market, is thinking about returning the floating rate, NBU Governor Kyrylo Shevchenko said in an interview with The Asahi Shimbun. “I want to inform you that we are now considering the possibility of easing some currency restrictions. We are also thinking … Read more
During the next review of the duties introduced back in 2001 on hot-rolled carbon and alloy steel sheet and strip from Brazil, China, India and Ukraine, Canada decided not to extend the 77% duty on goods from Ukraine. “The Tribunal rescinded its order with respect to the dumping of such goods originating in or exported … Read more
Some 20 million tonnes of grains must leave Ukraine in less than three months, using the EU infrastructure, European Commissioner for Transport Adina Vălean has said. On Thursday in Brussels, Vălean presented an action plan prepared by the European Commission aimed at helping Ukraine export its agrocultural products. This is about the use of optimal … Read more
Foreign investors are allowed to transfer abroad funds that will be received after April 1, 2023 in connection with the redemption or payment of income on the government domestic loan bonds of Ukraine in accordance with the terms of their placement. “The practical implementation of this rule will help increase the interest of non-residents in … Read more
The growth of consumer price in Ukraine in April 2022 slowed to 3.1% from 4.5% in March, but exceeded 1.6% in February and 1.3% in January, the State Statistics Service has said on Tuesday. In April 2021, inflation was 0.7%, so in annual terms, while in April 2022 it rose to 16.4% from 13.7% in … Read more
Canada, following the UK and the EU, will remove all tariffs on imports of goods from Ukraine, Canadian Prime Minister Justin Trudeau announced after meeting with President Volodymyr Zelensky in Kyiv on Sunday. “By removing tariffs for a one year period, Canada would continue to support Ukraine’s economy by ensuring that Ukrainian goods are able … Read more
The European Commission has proposed to suspend for a year import duties on all Ukrainian exports to the European Union. The relevant statement is posted on the EC’s website. “This proposal is an unprecedented gesture of support for the country in a state of war. It envisages the suspension of all EU anti-dumping and safeguarding … Read more
Ukraine is negotiating a potential issue of “peace bonds” designed for retail investors from the United States and European diaspora, Bloomberg reported citing sources. “Ukraine is in talks with the European Union and the U.S. to establish a so-called peace bond for retail investors to help fund war efforts and reconstruction,” the report says. “The … Read more
The Ministry of Finance expects a fall in Ukraine’s GDP in 2022 ranging from 35% to 50%, Finance Minister Serhiy Marchenko has said. “There may be a fall from 35% to 50% in the economy this year if we take one-year outlook. The National Bank announced 41% [a fall in GDP in 2022],” he said … Read more
Ukraine’s international reserves currently stand at $27.4 billion, representatives of the National Bank of Ukraine (NBU) said at a meeting with the European Business Association (EBA) and the American Chamber of Commerce on April 15. “Ukraine’s foreign exchange reserves currently amount to $27.4 billion thanks to the support of international partners – the IMF, the … Read more