Ukraine opens import-export of electricity to Slovakia from July 7

From July 7, Ukraine will start export-import of 50 MW of electricity in the direction of Slovakia, according to information on the website of Ukrenergo. According to the terms of the daily auctions announced today for July 7 (announced two days before the start of delivery), the capacity of electricity exports to Romania, as well … Read more

Ukraine presented a $750 billion recovery plan

In Lugano, Switzerland, Ukraine presented a post-war recovery plan worth more than $750 billion. It will include 850 projects to rebuild the country. It is stated on the Recovery Plan’s website and in the presentation of the plan in Lugano, the EP writes. The plan is designed for ten years, from 2023 to 2032, and … Read more

Freight rail tariffs in Ukraine will grow by 70% from July

The Ministry of Infrastructure of Ukraine agreed with the proposal of Ukrzaliznytsia to increase tariffs for the transportation of goods by rail by 70%. Minister Oleksandr Kubrakov signed corresponding order No. 441 on amendments to the coefficients applied to the tariffs for the carriage of goods by rail within Ukraine and related services on June … Read more

Ukraine starts exporting electricity to European synchronous zone – Ukrenergo head

In a few days, Ukraine will start exporting electricity to the synchronous zone of Continental Europe, Volodymyr Kudrytsky, Board Chairman of NPC Ukrenergo, has said on his Facebook page on Tuesday. “ENTSO-E confirmed on June 27 that Ukrenergo, together with TSOs [Transmission System Operators] of neighboring countries, has successfully met six technical conditions for opening … Read more

Ukraine can become energy independent from gas by 2030, using biofuel – study

By 2030, Ukraine can replace 4.7 billion cubic meters of natural gas per year with biofuels, as well as solar and wind energy, and 13.8 cubic meters by 2050. This conclusion is given in the study of the Biotechnical Association of Ukraine, prepared for the Ukrainian Climate Network (UCN) on the possibilities of replacing natural … Read more

Hetmantsev denies possibility of introducing extra 10% import duty

Head of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy Danylo Hetmantsev denies a possibility of imposing an additional 10% import duty on non-critical imports, while the abolition of a list of critical imports of services is still being discussed, he said in an interview with Interfax-Ukraine. “During the meetings, the Ministry of … Read more

Naftogaz Ukrainy expects to start importing LNG in Q4 2022 – Vitrenko

NJSC Naftogaz Ukrainy is negotiating the supply of imported liquefied natural gas (LNG) to Ukraine in the fourth quarter of this year, head of the company Yuriy Vitrenko said at a press conference on Tuesday. “There are certain technological limitations here. Ukraine has never physically imported LNG. We understand that we do not have LNG … Read more

NBU expects banks to lose at least 20% of loan portfolio due to war, but half will keep operating profit

Banks will lose at least 20% of their loan portfolio due to the war, but more than half of the top 20 banks will retain their operating profit, Deputy Governor of the National Bank of Ukraine Serhiy Nikolaychuk said. “According to our estimates, banks will lose more than 20% of their loan portfolio due to … Read more

Verkhovna Rada restores customs duties, VAT on imported goods from July 1

The Verkhovna Rada of Ukraine has approved the decision to restore customs duties and value-added tax (VAT) on imported goods, including vehicles, from July 1, Deputy Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Yaroslav Zhelezniak said. Respective bill No. 7418 submitted by the government gained 234 votes of parliamentarians, while … Read more