To avoid a shortage of scrap metal in the domestic market, Ukraine increased its export duty. How has Ukraine traded scrap metal in the last six years? According to analysts, in 2019 Ukraine exported 42,180 tons of scrap for $11.8M. In 2020, exports decreased by 15.1%, in monetary terms, to $9.5M. But in pre-war 2021, ferrous scrap exports increased ... #Germany #Poland #ScrapExport #Turkey #UkraineEconomy #UkraineExport #UkraineScrapMetal
Russia’s oil export revenue is growing, allowing it to finance its war in Ukraine. According to KSE analysis, in October 2024, Russia’s oil export revenue increased by $1.2B, to $15.6B. 85% of deliveries were made by shadow tankers, which allowed Russia to evade the price limi... #India #RussianOil #RussiaProfits #SanctionsAgainstRussia #ShadowFleetRussia #Turkey
How was the Ukrainian metal trade in 2024? In January-November, Ukrainian mining enterprises increased their iron ore raw materials exports by 87.4% compared to the same period last year – to 30.25 million tons. Revenue increased by 55.8% to $... #MetallurgyUkraine #SteelProductionUkraine #Turkey #UkraineSteelExport #UkrainianMetalExport
The EC assesses the progress of 10 states on the path to EU membership. The opening of negotiation clusters with Ukraine is expected in 2025. On October 30, the European Commission adopted the annual package of measures on EU enlargement, which contains a detailed assessm... #EUexpansion #EuropeanIntegration #Moldova #Turkey #UkraineEU
Turkey expects an increase in bilateral trade volume with Ukraine after the entry into force of the Free Trade Agreement. One expert believes that with the Free Trade Agreement between Turkey and Ukraine going into effect, bilateral trade volume will increase from $6.1B in 2023 to $10B quickly, and logistical movements w... #ASSET_GLI #FreeTrade #investments #Turkey #UkraineTrade
A Ukrainian company is seeking an investor for a project to relocate a TPP from Turkey to Ukraine. Ukrainian company Energo-Plus Scientific and Production Enterprise, which previously announced its intention to transport a new 60 MW TPP from Turkey and install it in Ukraine, is looking for a privat... #EnergoPlus #energyukraine #investments #MiniPowerPlant #Turkey
The West finances the Russian military by increasing its purchases of fuel derived from Russian oil. In the first half of the year, the EU, the US, Britain, and other countries that support Ukraine bought fuel produced from Russian crude worth about $2B from Turkish refineries. Meanwhile, Turkey bene... #circumventionOfSanctions #FuelImport #OilRefinery #RussianOil #Turkey
The free trade agreement between Ukraine and Turkey will contribute to attracting investment and reconstruction. The Ukrainian Ambassador to Turkey, Vasyl Bodnar, said that because of the free trade agreement with Turkey, Ukrainian manufacturers will have access to the Turkish market, which tends to be more clos... #FreeTradeAgreement #InvestmentsinUkraine #Turkey #UkraineEconomy #UkraineReconstruction #UkraineTrade #VasylBodnar
Sanctions are slowly destroying Russian businesses with payment issues. New US restrictions imposed in June have put local banks in countries that trade with Russia at a higher risk of so-called secondary penalties, which is delaying or disrupting payments to and from cou... #China #RussianBusiness #SanctionsAgainstRussia #SecondarySanctions #Turkey
Ratification of the free trade agreement will quickly increase trade between Ukraine and Turkey by $2.5B per year. Ambassador of Ukraine to Turkey, Vasyl Bodnar, noted: “Turkey traditionally plays an important role in Ukraine’s foreign trade. In 2023, the total trade volume was approximately $7.5B. Aft... #ForeignInvestor #FreeTradeAgreement #Turkey #TurkishBusiness #UkraineTrade #VasylBodnar
Orban met with the leader of Turkey, which is balancing between good relations with Russia and supplying weapons to Ukraine. Hungarian Prime Minister Viktor Orbán announced that he is continuing his “peacekeeping mission” and met with the President of Turkey in Washington. He called Istanbul an “indispensa... #NATOsummit #PeaceInUkraine #RecepTayyipErdoğan #Turkey #UkraineNATO #VictorOrban
Ukraine plans to lease floating Turkish power plants to provide Odesa with 750 MW of generation capacity. Ukraine is negotiating with Turkey to place power plant ships in the key ports of Odesa and the Danube region to partially cover electricity shortages, said the head of the Odesa regional administrati... #FloatingPowerPlant #KaradenizHolding #Karpowership #Odesa #OlehKiper #Turkey
While Russia recovers from the loss of the EU gas market, Turkey is expanding its gas pipeline’s capacity to Europe. Russian Gazprom will not be able to restore its volume of gas exports lost due to the war in Ukraine for at least 10 years, writes FT. It is predicted that Gazprom’s gas exports to Europe will a... #GasImport #Gazprom #PowerOfSiberia2 #RussianGas #TransAnatolianGasPipeline #Turkey
Turkey helped Russia earn €3.1B from the export of petroleum products to the EU. Last year, Turkey became the world’s largest buyer of Russian oil products, reported CSD and CREA analysts. In their view, Turkey has become a strategic transshipment point for Russian oil produ... #circumventionOfSanctions #OilEmbargo #PetroleumProducts #RussianOil #RussiaProfits #SanctionsAgainstRussia #Turkey
