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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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Unblocking of the ports for the export of metal products, by analogy with the "grain corridor", will give Ukraine 8-10 billion US dollars, will lower the dollar rate and reduce inflation. According to economists' calculations, this amount is enough to lower the dollar exchange rate by 3-6 UAH and keep it within this corridor, without giving to currency interventions by the NBU. Accordingly, prices for goods and services will stop rising, and inflation will slowly decline.

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In the current marketing year, Ukraine will be able to export about 65-70 million tons of grain and oil crops, taking into account the supply of last year's harvest. Ukraine needs to export 5-6 million tons of grain and oilseeds every month.

The remains of 2021 harvest are now 22 million tons. At the same time, about 20 million tons of grain and oilseeds are needed for domestic consumption in Ukraine every year.

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The draft law on introducing a 10% tax on the purchase of currency for import operations will not be considered by the Verkhovna Rada (according to the information of Ukrainian Union of Industrialists and Entrepreneurs). It is mentioned that during the 6 months of war and the destruction of civil and industrial infrastructure by the occupiers, a number of industrialists have lost or have significant damage of the equipment. Components and raw materials that are not manufactured in... Read More

From September 1, Ukrainian carriers will be able to travel to the Republic of Moldova under new simplified rules.

After the signing of the "transport visa-free regime" with the countries of the European Union, Moldova remained the only state on our borders with which the permission regime for Ukrainian carriers was not completely canceled. Given the large volume of cargoes that is currently moving towards Moldova, the signing of the bilateral... Read More

Within the framework of the special lending program for exporters, banks issued 14 loans for the sum of 33,2 million UAH. Another 12 agreements are waiting to be signed.

This was reported by the Export Credit Agency of Ukraine (ECA).

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