Ukraine

Steel material

Ukraine Anticipates Surge in Steel Production, Potential Doubling if Ports Reopen

News

Ukraine, a significant player in the global steel industry, expects a notable increase in steel production this year, with the possibility of doubling its output if Ukrainian sea ports are reopened, according to the Ukrainian Steel Producers Association and Ukrmetalurgprom. Projections suggest that Ukraine’s steel output will reach 6.5 million tonnes by the end of …

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Ukraine’s September Grain Exports Dip by 10% to 2.1 Million Tons

News

Ukraine’s grain exports in September experienced a 10% decrease, with the country shipping out 2.1 million metric tons, according to data released by the Ukrainian Agricultural Business Association (UCAB). This decline is primarily attributed to logistical challenges and ongoing attacks by Russia on key Ukrainian grain export storage facilities. UCAB, in a statement made today, …

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New Shipping Route Rescues Ukrainian Grain Trade as Ships Arrive via the Black Sea

News

In a significant development for Ukraine’s grain trade, two cargo ships have successfully arrived at the Ukrainian port of Kornomorsk via a new route through the Black Sea. The ships, The Resilient Africa and the Arroyat, are set to transport a substantial cargo of 20,000 tons of wheat to the global market, marking a crucial …

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Asian Billionaires Experience Sharpest Decline Globally in 2022 Amidst COVID and Ukraine Crisis

News

Altrata and Wealth-X, renowned sources of wealth and investment analysis, have jointly published the World Ultra Wealth Report. This comprehensive analysis focuses on ultra-high-net-worth individuals (UHNW), encompassing individuals with net worth exceeding $30 million. The report highlights the growing size and influence of UHNW individuals over the past decade, amassing assets surpassing $45 trillion globally. …

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Chinese Banks Extend Loans to Russian Counterparts Amidst Western Sanctions Over Ukraine Conflict

Markets, News

Amid Western sanctions imposed on Russia due to its aggression in Ukraine, four of China’s largest banks have significantly increased their lending to Russian banks. Western financial institutions withdrew their operations from Russia in response to Russia’s invasion of Ukraine, while China has actively promoted the yuan as an alternative global currency. An analysis by …

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German Import Prices Witness Steepest Drop Since 1987, Citing Ukraine Conflict

News

Germany’s Federal Statistical Office revealed a staggering decline in import prices, marking a disconcerting trend on August 30. The data, released for the month of July, highlighted a remarkable 13.2% year-on-year plunge, marking the most significant drop since January 1987. This pronounced dip in import prices has primarily been attributed to the aftershocks of the …

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spikes of wheat

Global Wheat Prices Slide as Ukraine Clears Shipping Routes in the Black Sea

News

Worldwide wheat prices experienced a notable decline today, triggered by Ukraine’s announcement regarding the opening of vital shipping routes dedicated to the transportation of grain across the Black Sea. Wheat futures, the most recent of which were traded on the CBOT commodities market, registered a decrease of 0.56%, reflecting the impact of Ukraine’s strategic move. …

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rice field

World Wheat Prices Soar as Russia’s Threat to Attack Ships Bound for Ukraine Disrupts Grain Exports

News

World wheat prices witnessed a significant surge today in response to Russia’s recent threats to attack all ships heading to Ukrainian ports in the Black Sea. The escalating tensions have raised concerns about the disruption of grain exports from Ukraine, one of the major wheat exporters in the region. Early in the day, CBOT wheat …

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