Ukraine

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17:32 PM Wednesday, October 17, 2018
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Ukraine will be Trumps first casualty; A promising path to reform; Antonov An 178 impresses at Farnborough Air Show: Crimea on the brink; Kyivstar boss resigns; SME’s are the real engine of growth
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Ukraine is the first casualty of Trump’s carelessness but won’t be the last, writes Natalia Antonova in the British Guardian newspaper. The president’s failure to tackle Vladimir Putin over the conflict reflects his chaotic and damaging presidency, she wrote in an opinion piece. Observers and analysts continue to point to how both Trump and Putin ignored a Ukrainian elephant in the room when they met in Helskinki. For the full article please go to: https://www.theguardian.com/commentisfree/2018/jul/18/ukraine-donald-trump-helsinki-vladimir-putin-russia-conflict

Talks between the EU, Ukraine and Russia took place in Berlin about gas transit from Russia to Europe. The Nord Stream 2 pipeline project continues to stoke Ukrainian fears of economic isolation. European Commission Vice-President Maros Sefcovic told reporters that the tri-lateral talks were "future-oriented" and "positive" while Russian Energy Minister Alexander Novak said the issue was very complicated and needed more discussion. Huge volumes of Russian gas are currently transported to Europe via Ukraine, yielding lucrative transit fees for the country. Ukraine continues to express deep concerns over the new pipeline, that will effectively end the need for transporting gas through Ukraine.

Ukraine is on a promising path to reform, reports Foreign Affairs magazine yesterday. A narrow focus on corruption has resulted in observers overlooking remarkable progress, wrote Adrian Karatnycky and Alexander Motyl in a compelling essay for the international relations journal. “Although corruption is a serious problem, the West’s obsession obscures the progress that Ukraine has made in dramatically reducing its scope,” argue the authors. “Many Western observers have also ignored the other enormously positive changes that Ukraine has experienced since the Euromaidan revolution.” For the full article please refer to: https://www.foreignaffairs.com/articles/ukraine/2018-07-16/ukraines-promising-path-reform

As an Antonov AN-178 took to the skies over London, President Petro Poroshenko said on Facebook that Russia is no longer a producer of components for the gigantic Ukrainian transport plane. "The Ukrainian beauty, AN-178, has recently made a demo flight over a suburb of London at the international air show in Farnborough," he wrote, before announcing that the plane's production no longer relied on any Russian parts. In related news, some analysts and observers here in Kyiv predict that Ukraine's new Law on National Security will open the door to much more military-technical cooperation between Ukraine and the United Kingdom. Aerospace and defence manufacturing are both areas where there is significant scope for stronger collaboration.

Alarming new satellite imagery shared by the Ukrainian government reveals a worsening environmental crisis in Crimea. Images show that vegetation on the drought-stricken peninsula is disappearing at a staggering pace as Crimea practically dries up. Satellite images show that roughly 60 percent of the peninsula's vegetation has gone. Agriculture has practically collapsed on Crimea as the governing authorities say they have enough fresh water for about 50 percent of the population. Kyiv cut off Ukrainian water-supply to the region following Russia's illegal annexation – occupying authorities meanwhile have been accused by observers of badly managing the peninsula's finite sources of fresh water, causing the crisis.

Coal Energy – a Luxembourg corporation operating in Ukraine – produced an extra 1,698 tonnes of coal this June. The amount is a 16.2 percent increase compared to the same period in 2017. Total June output was 12,150 tonnes, the company said on the Warsaw Stock Exchange. Coal Energy's portfolio in Ukraine comprises ten coal mines, rock dumps processing facilities and objects for enrichment. The company's business was significantly affected by hostilities in Donbas.

Kyivstar, Ukraine's largest mobile operator, could soon be in need of a new President. Peter Chernyshov is reportedly resigning, an informed source in the Ukrainian telecoms market told Interfax-Ukraine yesterday. Previously, Chernyshov had already informed journalists that his contract was expiring, but he did not comment on further plans.

New data shows that China doubled their imports of Ukrainian grain through 2017/18, while exports to other markets have fallen. China has increased corn imports from Ukraine by 101 percent over the last year, according to a new report. Corn exports to other markets continue to fall by as much as 20 percent, however. Ukraine has this year replaced the United States as China's biggest supplier of corn as bilateral trade between the two nations passed USD $7.6 billion.

A UBJ special report – Made in Ukraine: Small Businesses Make a Big Impact. This week's special feature, freely available on our website, examines how small and medium-sized businesses, or SMEs, are making a significant contribution to Ukraine's economic recovery. Together, their output in monetary terms is far larger than all of the big companies combined and 300 percent more Ukrainians are employed by an SME than a large corporation. For the full report please go to www.theubj.com

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