The WebMoney electronic payment system has been placed to the sanction list of the National Security and Defense Council (NSDC) of Ukraine. The appendix to the NSDC decision of Ukraine dated May 2, 20018, published on the website of the head of state, includes WM Transfer Ltd. (Lithuania). Sanctions envisage blocking of assets, limiting or … Read more
Lottery operators M.S.L. and Patriot have been withdrawn from Ukraine’s sanctions lists. Updated lists of persons who fall under personal special economic and other restrictive measures (sanctions) have been published on the website of the Ukrainian president. In particular, sanctions were imposed on 1,748 individuals and 756 legal entities, whereas a year ago there were … Read more
President of Ukraine Petro Poroshenko has signed the law On Amendments to the Customs Code of Ukraine on the preservation and development of the domestic shipbuilding industry. “This law amends the Customs Code to preserve the domestic shipbuilding industry. The law has been signed,” Poroshenko said during the opening ceremony of the 24th International Exhibition, … Read more
The nationalized PrivatBank could be ready for the privatization no earlier than 2022, Head of the supervisory board Engin Akcakoca has said. It would be premature to talk about the privatization of PrivatBank in 2020, as the approved strategy of the bank to implement this task is designed for the period until 2022. “The successful … Read more
Myronivsky Hliboproduct (MHP) in the first quarter of 2018 received $90 million of net profit, which is 1.6 times more than for the same period in 2017. According to the holding report on the website of the London Stock Exchange (LSE), its revenue increased by 10%, to $306 million, export revenue was $162 million (53% … Read more
Fitch Ratings has upgraded the State Export-Import Bank of Ukraine’s (Ukreximbank) $125 million 2023 subordinated loan participation notes (LPNs) issued by Biz Finance Plc to ‘CCC’ from ‘CC’ and removed them from Rating Watch Positive (RWP), Fitch has reported in its press release. According to the document, the upgrade follows the publication of new Fitch’s … Read more
EuroChem Mineral and Chemical Company, a major Russian fertilizer producer, has exited the Ukrainian market with the divestment of its 100% stake in Ukrainian distribution subsidiary, Agrocentre EuroChem-Ukraine, the company said in a press release. “Recent actions in Ukraine to restrict foreign suppliers of fertilizers, and expectations of a further deterioration of the business climate, … Read more
Ukraine has received the right to export beef to the Turkish market, according to the State Service of Ukraine for Food Safety and Consumer Protection. This decision was made following the results of work of the technical mission of the directorate general for protection and control of the Ministry of Food, Agriculture and Livestock of … Read more
U.Ventures investment fund, founded by Western NIS Enterprise Fund, has invested $1.15 million in Ukraine’s startups YouTeam, 3DLook and Pufetto, the fund has said. “Ukraine has prominent product companies and startups that make revolutionary products and are highly competitive on a global market, and YouTeam, 3DLook, and Pufetto are dazzling examples of this. We are … Read more
The government of Ukraine has approved the strategy for the revival of the national aircraft industry for the period until 2022. The relevant draft resolution of the Cabinet of Ministers, developed by the Ministry of Economic Development and Trade, was adopted at a government meeting on May 9 without discussion. The Ministry of Finance was … Read more