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Great Britain is helping to protect Ukraine's long-term future. British International Investment is investing 25 million US dollars to unblock Ukrainian export and import, including vital food supplies. British International Investment is a British development finance institution and influential investor supported by the UK government.

More details: https://bit.ly/3U8TgCw

 

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For January–November 2023, export of goods amounted to 32,978 billion US dollars, or 81,1% compared to January–November 2022, import – 57,329 billion US dollars, or 116,5%. The negative balance is 24,351 billion US dollars (for January-November 2022, it is also negative - 8,5695 billion US dollars). The export/import coverage ratio was 0,58 (0,83 for January–November 2022). Foreign trade operations were conducted with partners from 228 countries of the world.

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At the meeting on January 19, 2024, the Cabinet of Ministers of Ukraine has approved the procedure for checking documents accompanying cargo with seeds and planting material during phytosanitary control.

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The total revenue of Ukraine from the export of meat and offal according to the results of last year amounted to 892 million US dollars, that is, 4% less than in 2022. The key product position here is poultry meat — 800 million US dollars (-6%), while its sales in natural terms increased by 3% to 425 000 tons.

Significant revenues were also received from the export of frozen beef –  85 million US dollars (+24%).

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In 2023 the European Union remained a critically important sales market for some goods, in particular, purchasing more than 90% of Ukrainian honey and about 80% of horticultural products. This was reported by the Ukrainian Agricultural Export Association (UAEA).

In particular, they mention that in 2023, revenue from the export of fruits, berries and nuts equaled 257 million US dollars, having reduced by 18%.

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Last year, China bought a record amount of meal – 8,7 million tons (+12% by 2022). About 60% of deliveries in the reporting period were sunflower and rapeseed meal – 2,9 million tons and 2,3 million tons respectively.

Last month, China has bought the main volumes of sunflower meal from Ukraine (218 000 tons) and Bulgaria (129 000 tons), and rapeseed meal from Canada (168 000 tons) and the UAE (50 000 tons).

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The Ukrainian Energy Stock Exchange has already registered 14 market participants from Ukraine in the electricity import/export section, two non-resident companies are in the final stage of registration.

The opening of the direction of cross-border trade in electricity at UESE aroused interest both from the participants of the electricity and energy market of Ukraine and from non-residents.

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From now on, export credits, bank guarantees and receivables under foreign economic agreements (contracts) will be insured on an All-risk basis, when any risk is covered, except for the provisions specified in the insurance contract. This is reported by PSC «Export Credit Agency» (ECA).

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Ukraine began to ship onions to Romania, which previously actively imported these products from Moldova.

Experts explain this reorientation by the reduction of Moldovan stocks and the increase in onion prices in Europe.

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During the peak months of blocking the Polish border, Ukrainian business lost about 1,5 billion euros.

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