aboutukraine

Tuesday, December 29

Ukrzaliznytsia is forcing the first private freight operator on UZ tracks to charge haulage tariffs seven times those of the state railroad, Ukrzaliznytsia is forcing the first private freight operator on UZ tracks to charge haulage tariffs seven times those of the state railroad, reported RBK Ukraina. Earlier this month, UZ signed the fir...

To take tractor-trailer trucks off the roads, Ukrzaliznytsia plans to offer shippers the option of sending semi-trailers to the EU on flatbed wagons To take tractor-trailer trucks off the roads, Ukrzaliznytsia plans to offer shippers the option of sending semi-trailers to the EU on flatbed wagons, Volodymyr Zhmak, the railroad’s CEO, tells Mintran...

Five or six “large domestic and foreign investors are ready to participate” in leasing some of Ukraine’s busiest rail stations Five or six “large domestic and foreign investors are ready to participate” in leasing some of Ukraine’s busiest rail stations, Alexander Pertsovsky, head of UZ’s ‘Passenger Company,’ tells Mintrans. ...

Thefts of parts from private company wagons in UZ workshops has become so bad that Lemtrans has started painting its removable parts a signature lemon yellow Thefts of parts from private company wagons in UZ workshops has become so bad that Lemtrans has started painting its removable parts a signature lemon yellow, reported Rail.Insider. Lemtrans, the owne...

VR Capital, the London-based emerging markets hedge fund, is pursuing litigation against Ukrzaliznytsia over a $300 million package of defaulted loans VR Capital, the London-based emerging markets hedge fund, is pursuing litigation against Ukrzaliznytsia over a $300 million package of defaulted loans that VR acquired two years ago at auction from Ru...

In the first quarter of 2021, DTEK Energy will launch Ukraine’s first industrial-scale energy storage system project In the first quarter of 2021, DTEK Energy will launch Ukraine’s first industrial-scale energy storage system project, DTEK CEO Maksym Timchenko announced last week. US company Honeywell is build...

With demand high for lithium for batteries, Gosgeonadr, the state Geology Service, is trying to conduct a public, online auction of two deposits With demand high for lithium for batteries, Gosgeonadr, the state Geology Service, is trying to conduct a public, online auction of two deposits – a 40-hectare site in Donetsk region and a 300-hectare...

The Prosecutor General’s Office yesterday charged Oleksandr Tupytsky The Prosecutor General’s Office yesterday charged Oleksandr Tupytsky, chairman of the Constitutional Court, with bribing a witness to make him give false testimony. The charge comes one week after Rad...

The Cabinet of Ministers approved yesterday seven production-sharing agreements with private and state companies for the production of oil and gas. The Cabinet of Ministers approved yesterday seven production-sharing agreements with private and state companies for the production of oil and gas. Only one foreign company is involved – Houston-based...

Ukraine’s biggest ski resort Bukovel is fully booked through the New Year’s holidays Ukraine’s biggest ski resort Bukovel is fully booked through the New Year’s holidays, Reuters reports from the Carpathians. With EU skis closed or inaccessible to Ukrainian tourists, Bukovel is jammed...

Ukraine faces a second year of high foreign debt payments in 2021– $16.1 billion. Ukraine faces a second year of high foreign debt payments in 2021– $16.1 billion. This is almost double the payments expected for 2022 – $8.6 billion – and $8.9 billion in 2023, the ...

AVELLUM law firm is emerging as Ukraine’s leading advisor on Eurobond issuances, advising on $1.2 billion worth of bonds AVELLUM law firm is emerging as Ukraine’s leading advisor on Eurobond issuances, advising on $1.2 billion worth of bonds in the second half of 2020. They were: Kernel’s $300 million offering of 2027 n...

Since freight service started in June 2020, 22 Chinese container trains have arrived at Kyiv-Liski Left Bank station Since freight service started in June 2020, 22 Chinese container trains have arrived at Kyiv-Liski Left Bank station, reports Ukrzaliznytsia. The trains take about two weeks to travel 9,000 km from Ch...

Friday, November 13

The Government’s The Government’s Guaranteed Buyer says it has paid all for renewable energy generated in August and for 93% of power produced in September. The press service of the Ministry of Energy reports that the...

China’s Sinohydro Corporation Limited intends to file an international arbitration claim for Ukravtodor’s termination two weeks ago of its contract for construction of a bypass highway around Zhytomyr China’s Sinohydro Corporation Limited intends to file an international arbitration claim for Ukravtodor’s termination two weeks ago of its contract for construction of a bypass highway around Zhytomyr...

Coming as Ukraine seeks public-private partnerships with foreign road construction companies, Sinohydro says its treatment should serve as a warning. Coming as Ukraine seeks public-private partnerships with foreign road construction companies, Sinohydro says its treatment should serve as a warning. “It is difficult for the company to understand why...

The recent decision by Ukraine’s Constitutional Court to dismantle anti-corruption legislation is the biggest impediment to a restoration of IMF loans flows to Ukraine, The recent decision by Ukraine’s Constitutional Court to dismantle anti-corruption legislation is the biggest impediment to a restoration of IMF loans flows to Ukraine, Kyrylo Shevchenko, governor of ...

Concorde Capital’s Alexander Paraschiy reads between the lines of this “sobering statement” and concludes: Concorde Capital’s Alexander Paraschiy reads between the lines of this “sobering statement” and concludes: “No IMF tranche in 2020, meaning IMF-related financing of Ukraine’s 2020 budget deficit (from...

In London, Timothy Ash polled his Twitter followers about Ukraine’s IMF prospects. In London, Timothy Ash polled his Twitter followers about Ukraine’s IMF prospects. He posted on @tashecon this breakdown of the 260 replies: IMF money this year – 15%; IMF money in Q1 – 27%; IMF money...

Covid accomplishes what Zelenskiy cannot. Covid accomplishes what Zelenskiy cannot. Covid has paralyzed the Constitutional Court, with the majority of the 15-member court “either sick or awaiting test results because they have symptoms of cor...

Zelenskiy and his chief of staff, Andriy Yermak, are being treated for Covid at Feofania Clinic, Zelenskiy and his chief of staff, Andriy Yermak, are being treated for Covid at Feofania Clinic, the southern Kyiv hospital reserved for high level officials. Two ministers reported this week that the...

With the nationwide ‘weekend lockdown’ starting after midnight tonight, there is scattered resistance. With the nationwide ‘weekend lockdown’ starting after midnight tonight, there is scattered resistance. The leaders of Lviv, Rivne and Sloviansk say they will not follow the rules. Epicenter, one of th...

Upside of global warming Upside of global warming: the shipping season on the Dnipro will be extended by two weeks this year, to Dec. 1, reports the State Maritime and River Transport Service. The four northernmost locks R...

Ukraine will invest $70 million next year to revive regular production of aircraft at Antonov and to “master the full production of helicopters,” Ukraine will invest $70 million next year to revive regular production of aircraft at Antonov and to “master the full production of helicopters,” Prime Minister Shmyhal told the Cabinet Tuesday. The m...

Russia has decided to its close trade missions in two of its Western neighbors, Ukraine and Lithuania, and to open a mission in Syria. Russia has decided to its close trade missions in two of its Western neighbors, Ukraine and Lithuania, and to open a mission in Syria. Russia-Ukraine trade steadily dropped after 2014, the year Russia...

Russia’s last trade office in the Baltics was in Lithuania Russia’s last trade office in the Baltics was in Lithuania. Trade during the first half of this year dropped by almost one third, compared to the first half of 2019. An official note accompanying the ...

Wind and solar investments account for one quarter of the €49 billion of foreign direct investment in Ukraine since Independence in 1991. Wind and solar investments account for one quarter of the €49 billion of foreign direct investment in Ukraine since Independence in 1991. However, €660 million in unpaid electricity bills is forcing f...

Carl Sturen, the Swedish managing director of wind power developer Vindkraft, said: Carl Sturen, the Swedish managing director of wind power developer Vindkraft, said: “We are lagging behind on our payments and we definitely can’t wait.” Sergii Shakalov, CEO of Kness Group, a solar p...