Chinese state-owned company Sinosure that insures export supplies against the risk of non-payment has begun to refuse to cooperate with Russian entrepreneurs, Russian newspaper Vedomosti reported on Nov. 5, citing four unnamed sources from importing companies.
"When the import of a certain type of product or commodity — vegetables, meat, eggs — reaches certain limits that the European Commission has outlined in advance, then we can activate the mechanism of banning their import. We are currently doing this in terms of eggs," Bulgarian Agriculture Minister Georgi Takhov said.
According to the newly implemented rules, an emergency brake can be applied to imports of eggs, poultry, sugar, oats, maize, groats, and honey. The measure will be automatically triggered if import volumes reach the average yearly imports recorded between July 1, 2021, and Dec. 31, 2023.
The EU is expected to further curtail imports of key food commodities from war-torn Ukraine, just two weeks after implementing a controversial new preferential trade scheme.
The European Parliament and the EU Council reached a provisional agreement to renew the temporary suspension of import duties and quotas on Ukrainian agricultural exports to the EU until June 2025.
France is calling for a curb on Ukrainian agricultural imports, joining Poland in a push that could cost Kyiv 1.2 billion euros ($1.3 billion) in trade revenue, Politico reported on March 19.
Ukraine and Turkey agreed to extend the liberalization of rules for two-way cargo transportation and transit of cargo trucks "at least until the end of the war," the Ukrainian Infrastructure Ministry reported on Feb. 29.
Before Russia’s full-scale invasion, Ukraine’s exports were a reason to celebrate. Last year, the country hit a 10-year record with $68 billion in exports. As Russia’s invasion enters its seventh month, no one can predict when Ukraine can expect to post these kinds of results again. According
Ukrainian imports of chemical solvents skyrocketed by 86% to 132,000 tons in 2021, according to the Kyiv-based A-95 consulting group. While such chemicals are commonly used in the paint and varnish industry, in Ukraine, the increase in imports of solvents points to a different trend. “This is a booming
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