Section: Economy

      Turkey resumes imports of Ukrainian wheat – media
      Apr25

      Turkey resumes imports of Ukrainian wheat – media

      In view of the heightened tension between Russia and Turkey, Ukraine`s shipments to the Turkish market became more active in March, according to BlackSeaGrain. A total of 46,000 metric tonnes of wheat was supplied to Turkey that month – the largest volume since the season`s beginning (a total 73,400 metric tonnes in MY 2016/17). As a reminder,...

      Kyiv`s Diamantbank declared insolvent
      Apr25

      Kyiv`s Diamantbank declared insolvent

      Ukraine`s Deposit Guarantee Fund has introduced interim administration at Kyiv-based Diamantbank after the National Bank of Ukraine (NBU) declared the bank insolvent. The administration headed by Tetiana Startseva will work for a month until May 23 inclusively, the Fund said on its website. Introducing the interim administration is the first...

      Gazprom`s western partners agree Nord Stream 2 gas pipeline financing – Reuters
      Apr24

      Gazprom`s western partners agree Nord Stream 2 gas pipeline financing – Reuters

      Western partners of Russian gas giant Gazprom agreed on Monday on financing the 9.5-billion euro Nord Stream 2 pipeline, removing a key hurdle for the Russian plan to pump more gas to Europe, according to Reuters. At a signing ceremony in Paris, Uniper, Wintershall, Shell, OMV and Engie agreed to each loan 10 percent of the cost of the venture,...

      U.S. not to lift sanctions against Russia until Minsk accords implemented – Tillerson
      Apr24

      U.S. not to lift sanctions against Russia until Minsk accords implemented – Tillerson

      U.S. Secretary of State Rex Tillerson phoned Ukrainian President Petro Poroshenko on Sunday to discuss his recent trip to Moscow and his message to the Russian leadership, the U.S. Department of State said in a press release. Although the United States is interested in improving relations with Russia, Russia`s actions in eastern Ukraine remain an...

      EU sanctions against Russia should be long-term – Mingarelli
      Apr24

      EU sanctions against Russia should be long-term – Mingarelli

      Head of the Delegation of the European Union to Ukraine Hugues Mingarelli has said that EU sanctions against Russia should be long-term in order to reduce Moscow`s military aggression, according to an UNIAN correspondent. Speaking at an international roundtable in Kyiv, he said that the EU should act in line with its basic values and introduce...

      Templeton`s Hasenstab winds down $7 bln Ukraine bond bet – Bloomberg
      Apr24

      Templeton`s Hasenstab winds down $7 bln Ukraine bond bet – Bloomberg

      Franklin Templeton bond chief Michael Hasenstab is pulling back from one of his most contrarian bets of the past decade, according to Bloomberg. ”Holdings in Ukrainian sovereign debt in the flagship $40 billion Templeton Global Bond Fund he manages have dropped by half in the past year to about $1.2 billion, or 3 percent of the total portfolio,...

      Ukrainian gas reserves down to less than 8.3 bcm
      Apr24

      Ukrainian gas reserves down to less than 8.3 bcm

      Natural gas reserves in Ukrainian underground gas storages (USFs) on April 16-22 shrank by 0.5%, or 39 million cubic meters (mcm), from 8.329 billion cubic meters (bcm) to 8.290 bcm, according to the state-run gas transport system operator Ukrtransgaz. As reported, 16.15 mcm of gas was pumped from USFs on April 22 alone. Earlier, the Ukrainian...

      Russia to discuss extending oil cut with OPEC May 24
      Apr24

      Russia to discuss extending oil cut with OPEC May 24

      Russian Energy Minister Alexander Novak said a decision on extending a global pact to cut oil production had not yet been taken, but would be discussed with OPEC on May 24, according to Reuters. The Organization of the Petroleum Exporting Countries and other leading oil producers have pledged to curb output by 1.8 million barrels per day (bpd),...

      Former ally of Yanukovych Serhiy Tihipko may become next National Bank of Ukraine chief – media
      Apr24

      Former ally of Yanukovych Serhiy Tihipko may become next National Bank of Ukraine chief – media

      Serhiy Tihipko is considered one of the main candidates for the post of the Governor of the National Bank of Ukraine, ZN.UA reports citing its source. Mr Tihipko has been rather close to President Poroshenko lately and deeply informed about the latter`s commercial activities, according to ZN.UA. The publication says Serhiy Tihipko left the post...

      Ukrtransgaz schedules next gas purchase for September
      Apr23

      Ukrtransgaz schedules next gas purchase for September

      State-owned operator of Ukraine`s gas transportation system Ukrtransgaz plans to buy natural gas again in a competitive market in early autumn, according to the press service of the national oil and gas holding Naftogaz of Ukraine. In 2016, Ukrtransgaz used 1.7 billion cubic meters of gas for own in-process needs, while 1.1 billion cubic meters...