EconomyPartners news Friday, April 16 With coronavirus lockdowns gripping much of Europe, especially Germany, SkyUp is dropping from its summer schedule of 15 flights to the EU, reported Avianews. Almost half of the flights were from Kyiv Boryspil to Germany: Berlin, Hanover, Nuremberg, Hamburg, Dusseldorf, M... #FlightstoEurope #skyup
Finance Friday, April 16 According to Kyrylo Shevchenko, the Governor of the Central Bank, two new factors are degrading economic performance. “The low rate of vaccination in Ukraine creates an additional risk of future economic losses,” he said. Less than one percent of Ukraine’s population has received a first shot of a coronavirus vaccine... #CentalBankofUkraine #EconomicPerformance
Finance Friday, April 16 The National Bank of Ukraine also downgraded its forecast for real GDP growth in 2021 to 3.8%, from 4.2%. “The introduction of new quarantine restrictions has led to the suppression of business activity,” the bank said. “The effect of last year’s low harvests affected the indicators of agriculture, ... #GDP2021 #GDPforcast #NationalBankofUkraine #nbu
Finance Friday, April 16 The Central Bank revised its 2020 inflation forecast to 8%, from 7%. After inflation hit 8.5% yoy last month, the National Bank of Ukraine now predicts that inflation will peak at 9.6% in the third quarter. It will recede steadily, hitting 5% for 2021, the bank has pre... #Inflation2021 #NationalBankofUkraine #nbu #UkraineInflation
Finance Friday, April 16 Surprising analysts, the Central Bank raised Ukraine’s prime rate by a full percentage point, to 7.5%. By bringing Ukraine’s key rate back to where it was one year ago, the National Bank of Ukraine said it wants to tamp down inflation. #centralbankofukraine #Primeratehike #PrimeRateUkraine
FinanceInvestments Friday, April 16 Timothy Ash, the Senior Emerging Markets Sovereign Strategist for Bluebay Asset Management, writes from London: “This is not good news for Russia. The result of these actions will inevitably be that fewer foreign investors will want to buy Russian debt which means higher borrowing costs, less investment and gro... #RussianAgression #SunctionsforRussia
Finance Friday, April 16 The Biden administration imposed a series of new sanctions on Russia yesterday, including restrictions on buying new sovereign debt, the White House has reported. The measures come in retaliation for the SolarWinds hack and efforts to disrupt the 2020 U.S. election. Effective June 14, US financial institutions are barred from buyin... #BidenAdministration #BidenonRussia #SunctionsonRussia
FinanceInvestments Friday, April 16 The escalating military standoff with Russia is cutting foreign demand for domestic government bonds, Yuriy Geletiy, a deputy governor of the National Bank of Ukraine, told reporters yesterday. “Prior to Russia’s concentration in the East, investors were actively buying IGLBs,” he said, referrin... #BondsUkraine #GovernmentBonds #nbu
Partners news Friday, April 16 In Paris today, President Zelenskiy will discuss the growing Russian military threat with French President, Emmanuel Macron, and with German Chancellor, Angela Merkel, who will join by video conference. The three countries – plus Russia – are members of the ‘Normandy’ format of peace talks. The Normandy group has not met since December 2019. #AngelaMerkel #BigConstructionofZelenskiy #EmmanuelMacron #ZelenskiymeetsMacron #ZelenskiymeetsMercel
Partners news Friday, April 16 Russia’s Navy threatens Ukraine’s sea routes, S&P Global Platts has warned in a story headlined: “Russian escalation in Ukraine yet to faze commodity markets.” “Russia could close off Ukrainian ports due to its control of Crimea and Black Sea chokepoints,” the authors warn. “Any limitation of ves... #RussianAgression #RussiathreatensUkraine
Partners news Friday, April 16 The US has cancelled the deployment of two US Navy ships to the Black Sea, Turkish diplomatic sources told Al Jazeera. After Turkey made the deployment public last Friday, Sergei Ryabkov, a Russian Deputy Foreign Minister, said the US ships should stay well away from Russia-... #USNavi #USNaviinBlackSea #USnaviships
Partners news Friday, April 16 By the end of April, Russia will have amassed an armada of 50 warships patrolling the Black and Azov Seas , calculated the Jamestown Foundation’s Eurasia Daily Monitor. Bolstering the Black Sea fleet, four large ships from the Baltic Fleet are making their way to the Black Sea. In addition, 15 smaller ves... #RussianAgression #RussiaPatrolingBlackSea #RussiaWarships
Partners news Friday, April 16 On the pretext of naval maneuvers, Russia is closing major swaths of the Black Sea and several approaches R . On the Azov, the Mariupol port often ranks as Ukraine’s fifth busiest port, largely due to exports from Metinvest’s large scale Ilyich Iron and Steel Works. “This step is a gross violation of the ri... #RussiaatBlackSea #RussianAgression #RussianMilitaryMovements
Partners news Friday, April 16 Russia’s Defense Ministry is closing the Kerch Strait to Ukrainian Navy and Sea Guard boats for six months, starting from Saturday April 24 through October. Commercial shipping is allowed passage. The Ukrainian Navy reported on Facebook: “Tonight, in the Azov Sea, Russian Federal Security Service boats atte... #RussiaControlsBlackSea #RussianAgression
Partners news Friday, April 16 Russia’s naval deployments in the Black and Azov Seas threaten to “block important trade routes in international waters,” Ukraine’s Defense Minister Andriy Taran warned the European Parliament’s subcommittee on Security and Defense on Wednesday. The bulk of Ukraine’s $103 billion in foreign trade last year moved by... #RussiaControlsBlackSea #RussianAgression
