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Private LLC "Export Credit Agency" (ECA), which is 100% owned by the state, from now on becomes a competitive player of the financial market of Ukraine of a special type. The activity of ECA will be regulated by the National Bank of Ukraine. This is defined in the new edition of the ECA Statute, which was approved at the meeting of the Cabinet of Ministers of Ukraine on September 10 at the initiative of the Ministry of Economy of Ukraine.

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The day before, President Volodymyr Zelenskyi announced that Poland had asked Ukraine to assist with the export of electricity, and this will be provided, because Ukraine will consider the possibility of opening a quota for the export of 100 000 tons of coal to Poland in September.

It will also allow to export up to 1 000 MW.

 

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On Monday, September 12, France and Romania will sign an agreement on facilitating the export of grain from Ukraine by land. The agreement covers exports by land, sea and river transport.

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Asian countries are the largest importers of Ukrainian agricultural products - 43,9% of the total volume of exports. Since the departure of the first vessel with Ukrainian food and till today, 2,37 million tons of agricultural products have been exported. In particular, 54 vessels with 1,04 million tons were sent to Asian countries, 32 vessels with 0,85 million tons to Europe, and 16 vessels with 0,47 million tons of agricultural products to Africa.

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Meat semi-finished products intended for human consumption and meat products gained access to the Montenegrin market, milk and dairy products - to the Dominican and Kenyan markets, pet food - to the Singapore market, entomophages (insects that create a biotic barrier of protection for agricultural crops) - to the Polish market. Besides, chews for pets, leathers and skins, ornamental freshwater fish and live rabbits have gained access to the Israeli market.

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Changes have been made to the Volumes of quotas of goods, the export of which is subject to licensing, approved by the Resolution of the Cabinet of Ministers dated 29.12.2021 № 1424,

in terms of a complete prohibition on the export of coal of the Ukrainian origin. Previously, the  prohibition  on the export of energy resources, introduced in June, did not concern the export of coking coal.

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In general, taking into account the sea route, in August Ukraine exported almost 4,6 million tons of grain, of which about 3 million are not the Black Sea,

but trucks, railways and the Danube river. One of the options for improving the situation with the export of grain is the provision of subsidies in the EU countries for the production of a sufficient number of grain carriers.

 

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Kyiv and Warsaw will additionally define one or two more checkpoints that will allow empty trucks to pass in both directions,

in order to make less long queues at the border. The Ukrainian side has already discussed with the Polish one the possibility of such movement through two

checkpoints, so now the details of this step are being discussed.

 

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One of the tasks of the implementation of NCTS is to support Ukrainian business and reduce the cost of final products, respectively - their competitiveness, in particular on foreign markets. "Ukrainian exporters need access to financial resources, which entrepreneurs have considerable problems with. Therefore, the Ministry of Finance is actively developing the state program "Affordable credits 5-7-9 %".

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On September 5, 2022, the Ukrainian delegation took part in the 8th plenary session of the Ukraine-EU Association Council in Brussels. During the meeting, an important historical decision for Ukraine was announced about the possibility of joining international customs conventions from October 1 this year, thanks to which the so-called "customs visa-free regime" will start working.

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