NJSC Naftogaz Ukrainy, which defaulted on two out of three eurobond issues the day before, will immediately offer eurobond holders an agreement to defer payments in accordance with the conditions specified by government order No. 625-r dated July 21, 2022. “This process should be part of a joint effort by the government and other state-owned … Read more
NJSC Naftogaz Ukrainy announced that the proposal to postpone payments on eurobonds, which was due to the government’s position to use these funds for natural gas import, did not find support among the eurobond holders and plans to take actions regarding the execution of the company’s eurobonds transaction in connection with the government’s ban on … Read more
The estimated total value of grain and oil crops stolen by the russian federation in Ukraine is more than 613 million US dollars. Such data was voiced by the expert of the KSE Institute Center for Food and Land Use Research, Roman Neyter, during the discussion “100 days past the RF’s invasion: current state and … Read more
Fitch Ratings has downgraded Ukraine’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘C’ from ‘CCC’, the rating agency said on its website. “Fitch typically does not assign outlooks to sovereigns with a rating of ‘CCC+’ or below. Fitch has removed all of the ratings from Under Criteria Observation (UCO),” it said. “On July 20, … Read more
On July 22, Ukraine, Turkey, and the UN signed an agreement on the safe export of grain through the Black Sea. It is stated in the ceremony broadcast. On behalf of Ukraine, the document was signed by the Minister of Infrastructure, Oleksandr Kubrakov. Mykhailo Podolyak, the adviser to the head of the President’s Office, emphasized … Read more
The German railway concern Deutsche Bahn plans to send several trains with Ukrainian grain per week. The official representative of the DB Cargo company, a “daughter” of the concern, announced it, DW reports. The publication reports that the German concern will begin transporting Ukrainian grain to German ports for further transportation to other countries. To … Read more
From 09:00 on July 21, 2022, the National Bank of Ukraine adjusted the official exchange rate of the hryvnia against the U.S. dollar by 25% – from UAH 29.2549/$1 to UAH 36.5686/$1, taking into account changes in the fundamental characteristics of the Ukrainian economy during the war and strengthening of the U.S. dollar against other … Read more
The wheat harvest in 2022 will be 18-19 million tonnes, which will exceed the forecast indicators when it is sown, in general, a cautiously optimistic forecast can be made for the yield of all crops, said Minister of Agrarian Policy and Food of Ukraine Mykola Solsky. “The new harvest is sufficient, although it is much … Read more
From March to June this year, the grain cargoes export almost doubled. Ukrzaliznytsia reported it to Rail.insider. As noted in the publication, from January to June 2022, 9.45 thousand tons of grain cargoes were transported exclusively by railway. Compared to the same period in 2021, the indicator decreased by 1.683 million tons, or by 15.7%. … Read more
NJSC Naftogaz Ukrainy, through the issuer of its eurobonds, Kondor Finance plc, has approached the holders of these securities in the amount of almost $1.5 billion with a proposal to defer coupon payments on them for two years, including postponing the repayment of 2022 eurobonds for $335 million for the same period. “In light of … Read more