Partners news Tuesday, June 22 Editor’s Note: The EU is serious about developing a multi-billion euro hydrogen production industry in Ukraine. That is the message I am hearing from EU diplomats and foreign investors. The message I am not hearing ...
Economy Tuesday, June 22 Starting tonight, all traffic to and from Kyiv’s Boryspil airport will be restricted to the lanes heading into Kyiv. For the next two months, the east bound lanes leaving the city, the 18 km highway will be closed for road repairs, Ukravtodor reports on Facebook. With the city peak summer travel season underway, tra... #RoadconstructionKyiv #RoadtoBoryspil #UkrAvtodorconstruction
Partners news Tuesday, June 22 Ukraine plans to spend almost $4 million to mark the 30th anniversary of Ukraine’s Independence on August 24 , reports the Finance Ministry. In addition to a military parade down Kreshchatyk, air force flyovers, a naval flotilla down the Dnipro, and fireworks displays, there are several infrastructure projec... #30thanniversaryofIndependence #UkraineIndependeceCelebration
Partners newsReal Estate Tuesday, June 22 Next week, Ukreximbank puts up for electronic auction an 1895 building at Mala Zhytomyrska 3 – 150 meters from Kyiv’s Maidan. The starting price is $10 million for the 3,347 square meter building. The auction will be held next Tuesday on SETAM, the Justice Ministry’s electronic auction, reports the Ministry’s press office. T... #UkrEximbanksellsAssets #Ukreximbankukraine
Real Estate Tuesday, June 22 Ukrainian housing prices increased by 10% during the first half of this year, reports 1+1 TV’s Tyzhden. In Dnipro prices rose 21% and in Khmelnytsky by 22%. Analysts cite several factors for the buying pressure: low supply, low interest rates, the hryvnia’s 5% appreciation agai... #RealEstateUkraine #UkraineRealEstatePrices
FinanceInvestments Tuesday, June 22 Ukravtodor’s Eurobonds, offered under sovereign guarantees, were three times oversubscribed last week , Infrastructure Minister Oleksandr Kubrakov writes on Facebook. Ukravtodor received applications for nearly $2.4 billion and placed $700 million. With the yield on the 7-year bonds priced at 6.25%, t... #HighBondDemand #UkraineBondMarket #UkravtodorBonds
Partners news Tuesday, June 22 The Biden administration is preparing to impose additional sanctions on Russia over the poisoning of jailed opposition leader Alexey Navalny , US National Security Advisor Jake Sullivan told CNN Sunday. “We are preparing another package of sanctions to apply in this case. We’ve shown all along the way that we are not going to pull ou...
Partners news Tuesday, June 22 Ukraine imposed sanctions on Dmytro Firtash on Friday for allegedly selling titanium products to Russian military enterprises. Firtash became rich as a middleman for Gazprom. Today, he owns a gas distribution network and fertilizer plants in Ukraine. In 2014, he was arrested in Vienna on U.S. charges that he led a conspiracy ... #DmytroFirtashExtradition #DmytroFirtashSanctions
Partners news Tuesday, June 22 Sanctions will make Belarus heavily dependent on Russian economic aid, Timothy Ash writes from London. “If the annual bill to Russia for backing Lukashenko had been $2-3bn, I would imagine this will at least double, if not more…It would not surprise me if the bill heads more to the $10bn mark…With Russ... #BelarusandRussia #BelarusDependsonRussia #BelarusSanctions
Finance Tuesday, June 22 Belarus government bonds fell Monday to the lowest levels since the Covid crisis hit Europe almost 18 months ago . It is unclear if Thursday’s sanctions will include restrictions on trading Belarus bonds. Prompting yesterday’s selloff, the EU, US, UK and Canada imposed a series of sanctions on Belarus entities a... #BelarussianBonds #Bondmarket
Partners news Tuesday, June 22 EU leaders plan to impose ‘Venezuela-style’ sanctions on Ukraine’s northern neighbor Belarus when the heads of government meet in Brussels on Thursday . Sanctions are to hit Belarus’ financial, oil, tobacco and potash sectors. Last year, the EU imported from Belarus more than €1 billion worth of crude oil, fuel and lubricants and €1.2 billion worth ... #BelarusSanctions #EUsanctionsforBelarus
FinanceInvestments Tuesday, June 22 This year, renewables will account for 70% of total investments worldwide in electricity , the International Energy Agency says in a new report. Renewables, largely wind and solar, will get $530 billion, the Agency says in the 64-page study. This year, for the sixth year in a row, investm... #RenewableEnergy #RESinvestments
EnergyInvestments Tuesday, June 22 On the other side of Ukraine, in southern Zaporizhia region, Norway’s NBT starts construction this summer of Zophia, a 75-wind turbine farm with a capacity of 338 MW. Coupled with NBT’s 246 MW Syvash wind farm, operated in Kherson region with France’s Total Eren, NBT says it will have attracted €1 billion in foreign investment into Ukraine. “Every project that is s... #NBT #RenewableEnergy #WindEnergyUkraine
Energy Tuesday, June 22 Ukraine’s erratic treatment of wind and solar producers threatens the EU’s choice of Ukraine as a major hydrogen producer , Deitz said. “We can replace Russian gas in the EU with Ukrainian molecules,” he said. “But to do that, we need stability — hydrogen investments will take 10 to 15 years.” #energyukraine #SolarandWindPowerUkraine #SolarPowerProducers #WindpowerProducers
EnergyInvestments Tuesday, June 22 Despite this ongoing $150 million investment, Deitz said he has frozen four wind projects totalling 260 MW. “The biggest problem is that we don’t see stability,” said Deitz, an American with over 20 years experience investing in Ukraine. “The rules seem to change every day.” He cited the government’s failur... #RenewableEnergyUkraine #WindPowerPlant #windpowerukraine
Energy Tuesday, June 22 VR Capital Ltd. and Ukraine Power Resources inaugurated Friday a $60 million 40 MW wind farm in Odesa’s Bessarabia. Near the 10 new towers, the two foreign-owned companies are building a second $90 MW million phase for their Dnistrovska wind project. “The modernization of Ukraine runs through green energy,” Richard... #VRcapitalUkraine #windpowerbyVRcapital #WindPowerOdesa