Friday, November 19

Ukraine and the EU agreed on the next steps for the implementation of the Common Aviation Area Agreement and discussed the removal of barriers to trade.

The Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine, Olga Stefanishina, met with the European Commissioner for Transport, Adina Velyan, in Brussels. They discussed the implementation in Ukraine of the provisions of the Common Aviation Area Agreement with the EU (CAP), the inclusion of Ukrainian rivers in the Trans-European Transport Network (TEN-T), and the settlement of the number of permits for Ukrainian freight transportation, reported kmu.gov.ua.

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As of 1 December 2021, the NBU will increase the limits on banks' open long and short FX positions from 10% to 15% of their regulatory capital.

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The Kovel Educational Colony will be auctioned on December 7 with a starting price of UAH 41 mln.

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Nord Stream 2 will be launched without certification might be possible.  According to reports in the German newspaper, Handelsblatt, the gas pipeline may start operating without certification. This scenario was played out with German projects NEL and EGL 401. However, in this case, Nord Stream 2 may be fined €1 mln, according to the estimates of the German Federal Network Agency (BNA). The penalty for putting the gas pipeline into operation in Germany was acceptable, given that the cost of the entire Nord Stream 2 project is €10 bln.

The Ukrainian President, Volodymyr Zelensky, has announced the establishment of a new state airline Ukrainian National Airlines (UNA) . The new carrier will start flights in 2022 from two domestic and 14 international destinations. By 2026 the new airline will operate domestic flights to 8 destinations, and 7,000 flights a year. Medium-haul routes within the regional international network will commence in 2022. As a result, there will be flights to 14 destinations. In this segment, the plan for 2023-2026 is 37 destinations, reported ukrinform.

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”.