Ukraine: government approves project to build unit 4 of Dnistrovska hydroelectric pumped storage power plant

Ukraine’s Cabinet of Ministers has approved a project on construction of the second stage of Dnistrovska hydroelectric pumped storage power plant, consisting of unit 4. As reported, the hydroelectric generation development program until 2026 approved by government resolution No. 552-r dated July 13, 2016 envisages the start of construction of unit 4 in 2017 and…

Ukraine: 31 million tons of grains exported

Since the beginning of 2016/2017 MY, Ukraine has exported 30.83 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, wheat exports totaled 13,97 million tons, barley – more than 4.7 million tons, and corn – 11.91 million tons. Flour export reached 267.8 thousand tons, including 266.7 thousand tons…

Ukraine: NBU suggests NSDC to ban Russian state banks’ subsidiaries from executing transactions in favor of their parent banks

The National Bank of Ukraine (NBU) has suggested implementing the National Security and Defense Council (NSDC) decision by banning the Ukrainian subsidiaries of Russian state-owned banks from moving capital outside Ukraine. “The imposition of such sanctions means prohibiting the carrying out of any financial operations in favor of the parent bank, i.e. granting interbank loans,…

Ukraine not participating in PrivatBank’s arbitration against Russia in The Hague

Information that Ukraine is allegedly actively engaged in international court proceedings initiated by PrivatBank against the Russian Federation regarding the compensation of damage from the loss of the banking business and assets due to illegal Crimea annexation is false, the Finance Ministry of Ukraine has reported. “The Ukrainian State does not participate in the claims…

Ukraine: gas import price up in February 2017

Ukrainian enterprises in February imported gas at an average price of UAH 6,681.88, or $246.88 per 1,000 cubic meters, the Ukrainian Ministry of Economic Development and Trade reported on its website. In January the price of imported gas was $229.51 (UAH 6,032.85). The price of imported gas in January 2016 was $231.41 (UAH 5,542.82), $200.39…

Ukraine: sunoil facing heavy competition

The bumper sunseed crop Ukrainian growers managed to harvest in 2016 – 14 MMT (estimate) – predictably matters in the 2016/2017 season. Justifying expectations of analysts and market participants, both sunseed crushing and sunoil exports show a record pace. So, sunoil production by large and medium-sized crushers in the five months of 2016/2017 is estimated…

Ukraine: 31,000 hectares of spring grains sown

Farmers of seven southern Ukrainian regions have started spring grain sowing, seeding 31,000 hectares, the agriculture ministry said on March 13. Farmers have sown 18,000 hectares of spring barley, 11,000 hectares of peas and 2,000 hectares of oats, the ministry said in a statement. Farmers plan to sow a total of 7.2 million hectares of…