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Russia has lost more than 50% of European gas market over the past year

Russia has lost more than 50% of European gas market over the past year
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Ukraine state-owned enterprises weekly — Issue 114

Oschadbank and Ukreximbank had no supervisory boards for almost seven months. As we reported in December 2023 (see Issue 113), even though the Cabinet of Ministers appointed the new independent members of Ukreximbank’s supervisory board on May 30, the same ordinance appears to have blocked the board’s work. Under the ordinance, independent members serve for three years from the date on which all independent members officially assume their roles.

Ukraine state-owned enterprises weekly — Issue 113

Ukreximbank has been operating without a supervisory board for over six months. Despite the fact the Cabinet of Ministers appointed the new independent members of Ukreximbank’s supervisory board on May 30, the same ordinance of the Cabinet appears to have blocked the board’s work. According to that ordinance, independent members serve for three years from the date on which all independent members officially assume their roles.

Ukraine Business Roundup — Issue 8

Ukraine seems to be running circles around Russia in the Black Sea these days. Frequent Ukrainian attacks on Crimea have dealt a blow to Russia’s Black Sea Fleet, while vessels are coming and going from Ukraine’s Black Sea ports in defiance of Russia exiting the Black Sea Grain Initiative. Despite exporting significantly lower volumes than the grain initiative brokered by Turkey and the UN last year, experts say Ukraine’s new trade route may be picking up steam, the Kyiv Independent’s Dominic Culverwell writes in his latest article.

Ukraine s Naftogaz will not extend agreement on gas transit to EU with Russia s Gazprom after 2024

Ukraine's Naftogaz, the largest national oil and gas company in the country, will not continue transit of Russian gas after the contract expires in 2024. Source: Oleksii Chernyshov, Chairman of the Board of Naftogaz of Ukraine, in an interview with Radio Liberty Details: Naftogaz's CEO noted that Ukraine is ready to abandon gas transit, especially because Russia is not fulfilling the contract terms.

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