Thursday, November 11

The price of natural gas has fallen to $800 due to an increase in transit of the resource from Russia.

 Despite the ongoing deficit in Europe, Gazprom has not reserved any additional capacity and is using that which is already booked. This has resulted in Russian gas supplies to Europe remaining much lower than what is typical for this period. At the same time, the growth is taking place against the background of a sharp decline and depletion of storage facilities. Prices for December contracts range from €65-66 per MWh, which is approximately $800 per thousand cubic meters. During the day, prices fell by 8%.

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The Ministry of Finance sold government bonds valued at ₴11.7 bln.

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The Minister of Foreign Affairs, Dmytro Kuleba, met with the US Secretary of State, Anthony Blinken in Washington

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The newly-elected Chancellor, Olaf Scholz, is ready to support Ukraine’s move towards EU membership. The coalition agreement of the new German government contains a clause stating its readiness to support Ukraine’s movement towards membership in the European Union. The agreement reads, “We will work together with the EU and its Member States to further develop the Eastern Partnership and a market economy. It is also noted that the German government will continue to assist Ukraine in restoring its full territorial integrity and sovereignty”.

A senior EBRD delegation is starting a week-long trip to Ukraine to meet with the country’s authorities and private sector companies. The delegation will include Alain Pilloux, the Vice President of Banking and in charge of Bank lending; and Mark Bowman, the Vice President for Policy and Partnerships.  The visit is to reconfirm the EBRD’s support for Ukraine, its reform agenda, and sustainable development. Discussions will focus on the decarbonization of the Ukrainian economy in line with the country’s updated Nationally Determined Contribution, the development of sustainable infrastructure, and the investment