Contents tagged with export
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Media: Ukrainian exporters keep foreign currency revenue in offshore companies
Ukrainian business owners minimize their tax base by registering offshore companies and by keeping their foreign currency revenue in the accounts of companies registered in countries with a low tax load. According to the National Bank of Ukraine (NBU), more than a third of all foreign direct investments (FDIs) coming into Ukraine since the end of 2017 have come from countries with a low tax load. Furthermore, nearly 100% of direct investments from Ukraine have also been sent into low-tax …
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Ukraine has increased its dairy exports by 5 times over the current year
By July 2017, Ukraine had exported $23.6 million worth of dairy products. The output is five times larger than July of last year, according to Business.ua’s reports quoting the analytical department of the Food Export Council (Ukrainian Food Export Board or UFEB).
According to the report, July’s traditional export groups include butter (41% of export earnings), condensed milk and cream (36%). Cheese exports brought 11% of the revenue, whey comprised 8%, milk and cream made up 3%, and fermented …
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Ukraine’s state-owned Ukroboprom exported $345 million worth of weapons and equipment in first half of 2017
The volume of export of special and dual-purpose arms and services by enterprise-members of the state-owned concern Ukroboronprom in the first half of 2017 was $345 million, the press service of Ukroboronprom stated on Friday.
Comparative dynamics of arms exports for the same period of 2016 were not indicated in the data published on the website of the State Concern. At the same time, Ukroboronprom’s export orders portfolio as of July 1, 2017, according to the published data, is estimated at $2 …
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Russia exported $264 million worth of food and agriculture products to separatist-held territories of Ukraine
Despite sanctions, Russia exports significant amounts of meat to Ukraine, LIGA news website writes. For example, the "State Unitary Company" established in 2015 by the separatist LPR (Luhansk People’s Republic) is listed as a Ukrainian legal entity according to Russian documents, although there is no company with this name in the register of the Ukrainian Ministry of Justice.
In Russia, all operations with companies registered in Donetsk and Luhansk have the status of official export or import …
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270,000 tons of Donbas coal exported from Russia in July
In July 2017, about 267,000 tons of coal mined in the separatist-held territories of eastern Ukraine were exported to European countries from Russia, reported LIGA.net citing Russian Railway and Russian Federal Customs Service data.
The largest exporter of Ukrainian coal was Gaz-Alyans, controlled by Serhiy Kurchenko. In July, more than 50,000 tons of anthracite were exported from the Russia’s ports. The entire quantity was exported by the South Ossetian company Vneshtorgservis JSC, and was …
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India to increase imports of Ukrainian sunflower oil
India is interested in increasing Ukrainian sunflower oil import volume, as reported by the press service of the State Service of Ukraine on Food Safety and Consumer Protection.
This was on the agenda for the August 2nd meeting of the leadership of the the State Service on Food Safety and Consumer Protection with the representatives of the Indian Oilseed and Produce Exporters Association. During the meeting, they discussed the issues of exporting Ukrainian sunflower and sunflower oil to India. …
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Ukraine's agricultural exports to the EU grow by a third
Exports of Ukrainian agricultural products to European countries between January and June 2017 reached (US)$2.774 billion, the press service of the Ministry of Agrarian Policy announced on August 3.
Compared to the same period last year, exports increased by 31.4%, or $663.4 million.
"Today, the EU countries are consistently ranked second in the regional structure of our agricultural exports. Their share accounted for 34.9%, based on the results of the first half of 2017. Total foreign trade …
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Ukraine lost $13 billion in exports due to loss of the Crimea and war in the Donbas
Losses in exports from Ukraine due to the war in the Donbas and the annexation of the Crimea by Russia amounted to almost $13 billion over a two-year period, according to a press release by the Ministry of Economic Development and Trade of Ukraine.
According to the department, the percentage of Ukraine’s total exports from the Crimea and certain regions of Donetsk and Luhansk fell from 26.6% in 2013 to 10.4% in 2015. During this two-year period, exports fell by 70% from the Donetsk region and …
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Putin promises to increase sales of Russian weapons on world market
Russian military equipment is supplied to 52 countries, and the portfolio of orders for export is at about $50 billion, said Russian Federation President Vladimir Putin, Izvestia reported.
“Russian military products are in strong demand and are supplied to 52 countries around the world. Last year, new contracts were signed for a total of $9.5 billion, so the domestic defense industry’s portfolio of orders for export remains at $50 billion,” the president said at a meeting of the committee for …
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Ukraine has allowed the export of anthracite from the LPR
The Centralnaya Coal-processing Plant Ltd., registered in the town of Antratsyt on territory not controlled by Ukraine, began exporting anthracite coal in the beginning of May, having received the appropriate license from Ukrainian authorities, LІGA.net reports citing several Ukrainian coal traders. The plant supplies coal to local companies in Slovakia. Anthracite is worth about $80 per ton at the border.
Centralnaya is owned by Vitaly Zharchinsky, Natalia Zharchinskaya and Dmyro Polubatko. …