Monday, November 8

Ukraine reduced gas imports by 77% in October

reported GTSOU. In comparison to September 2021, gas imports to Ukraine in October decreased by 77% or 510 mln cubic meters. After the physical gas transit to Hungary was halted, imports from this country to Ukraine decreased 16 times. In October, 37 mln cubic meters of gas was imported from Hungary. The largest amount of gas imports came from Slovakia, whose share of total imports amounted to almost 75% (115.9 mln cubic meters). Imports from Poland dropped to 1.8 million cubic meters.

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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