Ukrainian President Petro Poroshenko said that the country’s gas consumption fell by 30%. “Now Ukraine is consuming 30% less gas thanks to the mechanisms implemented”, he told students of the Shevchenko National University. He said tariff increases in the country were linked to the fact that Ukraine had gotten rid of dependence on Russian gas.…
In the first half of 2016, the United States invested $710 million in Ukraine’s economy, the Ukrainian Economic Development and Trade Ministry reported on its Facebook page. “The United States is one of Ukraine’s most important partners, and relations between the countries become even stronger. The total trade turnover has come to $1.2 billion over…
In August Ukrainian barley exports grew by 17% YoY and equaled 1924 KMT against 1019.5 KMT. During the first two months of 2016/2017 (July-August) Ukrainian exporters shipped 2204 KMT of barley, which is an absolute record for the period. Traditionally in August Saudi Arabia lowered its purchases, importing 371 KMT against 523 KMT in the…
Russian retailers are interested in selling Google’s Pixel, the first smartphone fully designed by the U.S. company, spokespeople for several companies reported. “Google’s previous models Nexus sold at Svyaznoy enjoyed some success among the fans of the most technically advanced smartphones”, Sergei Tikhonov, a spokesman for multi-channel retailer Svyaznoy, said adding that it was still…
Russia’s Finance Ministry may resume discussion about excises on sugared beverages in 2017, Deputy Minister Ilya Trunin reported. “The issue is delayed until the next tax policy is discussed. The next window of possibilities will appear in a year”, he said. In early 2016, the government considered introducing excise duties on palm oil and some…
The Russian government has allowed oil major Rosneft to buy the government’s 50.08% stake in oil company Bashneft without an auction for 329.6 billion rubles, a source at the Energy Ministry reported. On September 30, First Deputy Prime Minister Igor Shuvalov said that the government had decided to resume preparations for the sale of its…
The Russian Finance Ministry does not support a proposal by the Federal Antimonopoly Service to introduce a floating excise on engine fuel depending on global oil prices, Deputy Minister Ilya Trunin said. The official said that fuel excises were a source of replenishment of road funds. “This means that we will need to introduce floating…