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Ukraine bans Russian rouble note picturing Crimea


KIEV: Ukraine’s national bank has banned financial institutions from handling new Russian banknotes that feature landmarks from annexed Crimea. The 200-rouble note should not be exchanged or handled, said the National Bank of Ukraine (NBU). The note is illustrated with two scenes from the Crimean port of Sevastopol, a naval memorial and the nearby ruins of the ancient city of ... Read More »

Ukraine 2018 winter grain sowing 79 pct complete


  KIEV: Ukrainian farmers have sown 5.7 million hectares of winter grains, 79 percent of the expected area, the agriculture ministry said on Friday. Farmers have sown 5.1 million hectares of winter wheat, 477,000 hectares of winter barley and 161,000 hectares of rye, the ministry said. The area under winter wheat was likely to total 6.1 million hectares, while the ... Read More »

Ukraine’s Naftogaz reports 53% rise in Jan-Sept gas imports


KIEV: Naftogaz imported 7.1 billion cubic metres (bcm) of natural gas imports in the first nine months of this year, by about 53 percent from a year earlier, Ukraine’s state-run energy firm said on Thursday. Ukraine, which previously imported gas from Russia, has been buying from European states instead since halting Russian imports in November 2015 following Moscow’s 2014 annexation ... Read More »

Ukraine detains two top defence officials in graft case


  KIEV: Ukraine’s anti-corruption bureau said Wednesday it had detained a deputy defence minister and another top military official for allegedly embezzling millions in state funding through an illegal oil-purchase scheme. The announcement was the highest-profile indictment against any official since the Anti-Corruption Bureau of Ukraine (NABU) launched a graft case against the now-deposed tax service chief Roman Nasirov in ... Read More »

Ukraine exported more than 11 MMT of grain


KIEV: According to the State Consumer Protection Service, Ukraine exported 11.3 MMT of grains in the 2017/18 season by October 3, 2017, reports UkrAgroConsult. The exports included 6.48 MMT of wheat (in particular, over 3.6 MMT of milling wheat and almost 2.9 MMT of feed wheat), over 3.2 MMT of barley and over 1.22 MMT of corn. More than 11.3 ... Read More »

Ukraine increased linseed exports by 58%


KIEV: Linseed exports from Ukraine totaled 3.6 KMT in August 2016/17 that is up more than 2.5 times from July (1.4 KMT) and up 44% from August 2016 (2.5 KMT). Due to the upward trend seen in the latter half of the season, linseed exports for the whole season hit a record 63 KMT, or 57.5% more than last marketing ... Read More »

Customs agents stop wood munching pests from entering Port of Houston


  KIEV: Customs agents recently discovered invasive, wood-munching pests on two foreign cargo ships docked in the Port of Houston. The first creature, commonly known as a snout beetle, was discovered Sept. 16 on a ship from Brazil. Days later, customs agents discovered longhorn beetles boring holes into wood packaging of cargo from Russia and Ukraine. In both cases, the ... Read More »

NBU allows revision of schedule of bank capitalization


KIEV: The National Bank of Ukraine (NBU) allows the revision of the schedule of bank capitalization, NBU Deputy Chairman Yekateryna Rozhkova has stated. “Currently the NBU is negotiating with the IMF on the possibility of revising the schedule for raising the minimum level of charter capital. This morning we’ve discussed the issue of expediency of capital increase to Hr 300 ... Read More »

Ukraine exported almost 3 MMT of soybeans in 2016/17 season


KIEV: Soybean exports from Ukraine fell to 42.6 KMT in August 2017. This was the smallest monthly volume since the start of the season, but 31% more than in August 2016. Overall, soybean exports for the whole marketing year 2016/17 (September-August) totaled a record 2903.4 KMT that was up 22.7% from the previous year, reports UkrAgroConsult. As a reminder, the ... Read More »

Ukraine’s winter gas in storage rises to 16.4 bcm


KIEV: Ukraine’s gas in storage had risen to about 16.4 billion cubic metres (bcm) by Oct. 1 in preparation for winter, up 15 percent from a year earlier, gas transport monopoly Ukrtransgaz said on Monday. About 1.6 bcm of gas was added to reserves in the past 30 days, Ukrtransgaz data showed. Ukraine, which previously met its gas needs from ... Read More »

Central bank weakens hryvnia exchange rate to UAH 26.52 per U.S. dollar


KIEV: The National Bank of Ukraine (NBU) weakened the official exchange rate of the hryvnia against the U.S. dollar by five kopecks on Friday, September 29, to UAH 26.5211 from UAH 26.4728 per dollar on Thursday, according to the NBU’s website. The official exchange rate of the hryvnia against the euro was set at UAH 31.2365 (from UAH 31.0818) and ... Read More »

Ukraine exports 9.7 mln tons of grain in 2017


KIEV: Ukraine since the beginning of the 2017/2018 marketing year (MY, July-June) and as of Sept. 27, had exported 9.693 million tonnes of grain. According to the Ministry of Agrarian Policy and Food, the country exported about 5.47 million tonnes of wheat, 2.99 million tonnes of barley, and 1.22 million tonnes of corn. In addition, 79,000 tonnes of flour had ... Read More »

Naftogaz raises gas purchase by 28.9% in eight months of 2017, imports by 83%


KIEV: NJSC Naftogaz Ukrainy purchased 15.6 billion cubic meters of gas in January-August of 2017, which is 3.5 billion cubic meters, or 29.8%, more than in the same period in 2016, the company has said. According to its data, imports from the European market grew by 2.9 billion cubic meters, or 83%, to 6.4 billion cubic meters of gas. “This ... Read More »

Ukraine’s winter gas in storage rises to 16 bcm

profit rises

KIEV: Ukraine’s gas in storage had risen to about 16 billion cubic metres (bcm) by Sept. 23 in preparation for winter, up 16 percent from a year earlier, gas transport monopoly Ukrtransgaz said on Monday. About 1.7 bcm of gas was added to reserves in the past 30 days, Ukrtransgaz data showed. Ukraine, which previously met its gas needs from ... Read More »

Yaroslavsky to submit documents to NBU for purchase of PIB soon


KIEV: Oleksandr Yaroslavsky, the owner and president of DCH Group, has not submitted a package of documents to agree on the purchase of a significant stake in Prominvestbank (PIB), but intends to do so in the near future. “The documents are now being prepared. I think we will submit them within 10-12 days,” Yaroslavsky said at a briefing. In early ... Read More »

Ukraine exported over 8 MMT of grain since the new season began


KIEV: According to the State Fiscal Service, Ukraine exported 8.12 MMT of grains in the 2017/18 season by September 15, 2017, reports UkrAgroConsult. These exports included 4.52 MMT of wheat (down 10.4% from last year), 2.4 MMT of barley (down 9.9%), and 1.18 MMT of corn against 0.58 MMT at the same time last year. In addition, 73.36 KMT of ... Read More »

Ukraine raises $3bn in first bond since 2014 revolution

prices increases

KIEV: Ukraine has raised $3 billion in its first sovereign bond issue since the country’s 2014 revolution, a source close to the deal said on Monday. Proceeds from the 15-year eurobond sale overshot the treasury’s initial target of $2.5 billion, with the funds earmarked for debt servicing, the source told AFP. President Petro Poroshenko, on a visit to the United ... Read More »

Sky Bank signs Finastra for banking transformation in Ukraine

Germany-Switzerland sign arbitration agreement for tax disputes

KIEV: PJSC Sky Bank (Sky Bank) has selected FusionBanking Essence from Finastra for its banking operations in Ukraine. The move signals a transformation at the private bank, which was established in 1991 (previously known as Region-Bank) and is now backing a new customer-centric strategy having changed ownership at the start of the year. “We’re changing the way we approach banking ... Read More »

Ukraine’s central bank holds key policy rate at 12.5%


KIEV: The Board of the National Bank of Ukraine (NBU) has decided to keep its key policy rate at 12.5% per annum, the NBU said in a press release. Resolution No. 593-rsh on the size of the refinancing rate was passed by the NBU Board on September 14, the central bank wrote on its website. “The decision was prompted by ... Read More »

Ukraine may curb meat exports to stabilize local prices


KIEV:  Ukraine may impose substantial curbs on meat exports to stabilize local prices, which have jumped by more than 40 percent in some cases this year, a senior government official said on Thursday. Average domestic prices for pork surged 43 percent in the first eight months of the year, while beef and poultry were up 26 percent and 31 percent ... Read More »