Preliminary data suggests that as of July 1, Ukraine’s international reserves amounted to the equivalent of $13.98 billion. The stock of international reserves keeps increasing for a third consecutive month. In June, international reserves expanded by 3.3% MOM, or by $452 million. In annual terms, international reserves rose by 36.3% YoY. June’s increase in international…Details
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Ukraine: hearings of Naftogaz and Gazprom’s gas contract in Stockholm arbitration court to start late September 2016
Hearings by the Arbitration Institute of the Stockholm Chamber of Commerce in litigation between national joint-stock company Naftogaz Ukrainy and Russia’s Gazprom over the natural gas supply and transit contracts signed early 2009 will start late September and late November or early December, respectively, Naftogaz Ukrainy board chairman Andriy Kobolev said. He said that the…Details
Hungary is ready to increase funding for the projects in Azerbaijan through the state Eximbank in case of necessity, Imre Laslotsky, Hungarian extraordinary and plenipotentiary ambassador to Azerbaijan, said. “Eximbank’s credit line worth $200 million was opened for these purposes within the framework agreement”, Laslotsky said. “In case of necessity, the amount of funding can…Details
The total claims of Russia’s Gazprom against the national joint-stock company Naftogaz Ukrainy for the take-or-pay condition outlined in the 2009 contracts and challenged in court could reach $60 billion by 2020, Naftogaz Ukrainy commercial director Yuriy Vitrenko has said. He said Gazprom’s claims had so far amounted to $29.2 billion, and, taking into account…Details
Diesel locomotive worth 46.11 million soms is planned to be purchased for Bishkek HPP. Tender announcement has been placed on the public procurement portal. Tender participants must submit a certificate of absence of tax debts and social benefits, the company’s charter, as well as evidence of at least one similar contract worth 40 million soms.…Details
China has lifted restrictions on supplies of poultry from Russia introduced in 2005 in connection with the avian flu, China’s Quality Control, Inspection and Quarantine Administration and the Ministry of Agriculture said. The document dated July 1, cancels earlier introduced decree prohibiting poultry import from Russia. Publication of this document is the first step in…Details
Belarusian enterprises will connect to the Sirano rapid alert system. Such an agreement was reached by the Belarusian Ministry of Agriculture and Food and Russia’s Federal Service for Veterinary and Phytosanitary Surveillance of Russia (Rosselkhoznadzor) at a meeting on July 6, Alexei Bogdanov, the head of the main division for foreign economic affairs at the…Details