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Ukraine imports 6.7 bcm of gas for $1.54 bln in six months

Pressure gauges, pipes and valves are pictured at an "Dashava" underground gas storage facility near Striy, Ukraine May 28, 2015. Ukrainian state energy firm Naftogaz paid Russia's Gazprom another $30 million in prepayment for gas supplies, the Ukrainian company said on Wednesday.  REUTERS/Gleb Garanich

KIEV: Ukraine in January-June this year imported 6.654 billion cubic meters of natural gas for a total of $1.538 billion, according to the State Statistics Service. The average price of gas imported by the country, according to the service, in June 2017 was $216.6 per 1,000 cubic meters against $212.6 in May, $209.6 in April, $234.7 in March, $252.5 in ... Read More »

Ukraine steel exports fall 20% in January-July 2017

low growth rate

KIEV: Ukraine, a major global steel producer and exporter, reduced steel exports by around 20 percent in the first seven months of this year to 8.5 million tonnes, local news agency Uaprom said on Wednesday. It said steel imports rose by 17 percent to 685,000 tonnes. It gave no reasons for the changes. Ukrainian steel production fell by 18 percent ... Read More »

Ukraine, Belarus to go operational on online license plate scanners soon


MINSK: The Automatic Number Plate Recognition (ANPR) system will be deployed at the Novaya Guta border checkpoint on the Belarusian-Ukrainian border in 2017, Chairman of the Belarusian State Customs Committee Yuri Senko told the media on 11 August, BelTA has learned. The project will be implemented using international technical assistance. “The system will facilitate the work of customs and border ... Read More »

Ukraine’s govt wants to introduce single account for taxpayers

tax payer

KIEV: The Ukrainian government has proposed that the Verkhovna Rada passes amendments to the Tax Code to introduce the single account for paying taxes and duties, as well as single social security tax using the e-cabinet of taxpayer. The government made the decision on Wednesday, an Interfax-Ukraine correspondent has reported. “The bill is intended to relax the rules of payments ... Read More »

Ukraine starts buying oil from Iran


KIEV: Ukraine from June started buying crude oil (according to foreign economic activity code 2709) from Iranian contractors, according to the State Fiscal Service. Thus, if in June Ukraine received crude oil from this country for $236,000, supplies in July amounted to $5.442 million. In general, in January-July Ukraine imported 508,105 tonnes of crude oil worth $213.001 million, in particular ... Read More »

Ukraine’s intl reserves 1% down in July


KIEV: The international reserves of Ukraine by the beginning of August stood at $17.795 billion, which is 1% less than a month earlier, according to the relevant preliminary data posted by the National Bank of Ukraine (NBU) on its website. According to the central bank, a slight change in reserves was primarily due to the government’s expenses in the amount ... Read More »

Ukrainian agrarian exports to EU for first half of year increased to $2.774b


KIEV: In January-June of 2017, Ukrainian agrarian exports to the European Union countries increased by 31.4% or by USD 663.4 million, compared to the same period of last year, and amounted to USD 2.774 billion. This is reported by the Ministry of Agrarian Policy and Food of Ukraine. “Today, the EU countries consistently rank second in the regional structure of ... Read More »

India buys 300,000t Ukrainian wheat for Sept-Oct arrival

wheat export

MUMBAI: Traders have bought about 300,000 tonnes of Ukrainian wheat to be delivered to India in September and October as the country imports wheat for a second year to meet a domestic shortfall. Seven ships carrying roughly 300,000 tonnes of milling wheat with 11.5 percent protein are expected to load this month in Ukraine for India, two trade sources said. ... Read More »

Canada, Ukraine launch free trade deal with expectations


OTTAWA: The Canada-Ukraine Free Trade Agreement (CUFTA) came into force on Tuesday with expectations that it will boost bilateral trade as well as increase investment and create new jobs in Ukraine. The CUFTA immediately eliminates tariffs on 98 percent of Ukraine’s exports. The east European country’s export-oriented sectors such as agriculture, chemical, metallurgy and machine-building industries are expected to benefit ... Read More »

5th Ukrainian-Korean Economic Forum opens in Kyiv


KIEV: The 5th Ukrainian-Korean Economic Forum ‘Economic Cooperation in the Context of Eurasian Integration’ has opened in Kyiv. The opening ceremony was held with the participation of Ukrainian First Vice Prime Minister-Economic Development and Trade Minister Stepan Kubiv, Ambassador of the Republic of Korea to Ukraine Lee Yang-goo, Rector of National Technical University of Ukraine ‘Igor Sikorsky Kyiv Polytechnic Institute’ ... Read More »

FTA between Ukraine and Canada comes into effect on August 1


KIEV: The free trade agreement between Ukraine and Canada will start working on August 1, 2017; Ukrainian ambassador to Canada Andriy Shevchenko will give a briefing on topical issues prior to this event. “On Tuesday, August 1, free trade between Ukraine and Canada officially starts: our free trade agreement will come into force,” Ukraine’s embassy in Canada quotes Shevchenko as ... Read More »

Ukrainian pea exports doubled in 2016/17 season


KIEV: Ukrainian pea exports hit a high in the closed 2016/17 season. Ukraine exported 44.2 KMT of peas in June 2017, or three times more than in June 2016 (14.4 KMT). In total, 486.5 KMT of peas went abroad from Ukraine in MY 2016/17, i.e. their exports doubled from last season (242.5 KMT in MY 2015/16). India and Pakistan remain ... Read More »

Ukraine has not been importing Russian gas for 600 days

Ukraine Russia

KIEV: National joint-stock company Naftogaz Ukrainy has not been importing natural gas under a contract with Russia’s Gazprom for 600 days since Nov. 26, 2017, buying gas only on the western border of the country. According to tentative data from public joint-stock company Ukrtransgaz, as of July 17, 2017 the country imported 36.203 million cubic meters of gas daily. From ... Read More »

EU agrees to allow in more Ukraine exports for 3 years


BRUSSELS: EU foreign ministers approved on Monday measures to allow Ukraine to export more industrial and agricultural products free of tariffs to the bloc in recognition of reforms undertaken by Kiev and the country’s fragile economy. By the end of September, Ukraine will be able to export greater tonnage of farm products, including grains, honey and processed tomatoes for three ... Read More »

Ukraine invites European commission to hold Ukrainian GTS forum, investment forum in 2018


KIEV: Ukraine has proposed to the European Commission to hold a forum devoted to raising investment into the Ukrainian economy early 2018 and a forum on the opportunities of using the Ukrainian gas transport system (GTS) in the context of ensuring energy security of Ukraine. Ukrainian President Petro Poroshenko said at a joint press conference with President of the European ... Read More »

Ukraine, Iran to boost maritime, port partnership

Iran Ukraine

KIEV: A Ukrainian delegation met with head of Iran’s PMO discussing expansion of cooperation in maritime, port and transit sectors. Mohammad Saeidnejad, Deputy Minister of Roads and Urban Development and Managing Director of Iran’s Ports and Maritime Organization (PMO), said at the joint meeting that Mumbai-Bandar Abbas-Ukraine route can prove a fast, inexpensive and short path for transit. “A committee, ... Read More »

UKRAINE boosts cheese exports, imports in H1 2017

UKRAINE cheese export

KIEV: Ukraine shipped 4,123 tonnes of cheese onto foreign markets in January-June, 2017, which was 21.3% higher than the same period of 2016. The shipments increased by 47% in monetary terms, to $14.35 million, Ukraine’s State Fiscal Service said in its customs statistics reports. Cheese imports in the period under review totaled 4,320 tonnes, an increase by 33.3% compared to ... Read More »

Ukrainian police seize computers that spread global NotPetya attack


KIEV: Ukraine’s Cyber Police have intervened to prevent further cyberattacks in the wake of last week’s global attack, initially considered to be ransomware and called by various names including NotPetya. The attack affected businesses around the world, but Ukraine was hit particularly hard because, security researchers believe, the initial attacks were disguised in an automatic update to the MEDoc tax ... Read More »

Ukraine boosts gas transit 21% in H1 2017, imports – 2.3-fold

ukraine gas imports

KIEV: Ukraine increased transit of natural gas through its gas transportation system by 21.8% year-on-year in January-June 2017 to 45.704 billion cubic meters (bcm), PJSC Ukrtransgaz said in preliminary data. Gas transit through Ukraine to Europe in the past six months amounted to 44.355 bcm and to Moldova – 1.348 bcm. Transit in June 2017 grew by 19% year-on-year to ... Read More »

Ukraine’s pea exports increased by 82% from last season’s total

pea exports

KIEV: Ukraine continued exporting peas at a record pace in May 2017. Pea exports from the country totaled 49.7 KMT that month, or 2.3 times more than in May 2016. Ukrainian exporters shipped abroad 442.3 KMT of peas in 2016/17 season by June, i.e. already up 82% from last season’s total (242.5 KMT in MY 2015/16), reports UkrAgroConsult. India and ... Read More »