The list includes the companies Interpipe and Metinvest
The Cabinet of Ministers asked the National Bank of Ukraine to allow the sale of foreign currency to large national companies and holdings and their subsequent transfer for Eurobond settlements and with Western creditors. This wasreported by Interfax-Ukraine with reference to the relevant orders of the Council of Ministers relating to these requests (No. 118-132 of February 6 and 13, 2024).
The list of companies requested by the Council of Ministers includes Vodafone, Interpipe, a manufacturer of steel pipes and railway products, Metinvest, an agricultural holding, Kernel, and three DTEK holdings.
The annexes to the requests state that these decisions will help maintain investor confidence, allow companies, many of which are large exporters, to save currency and ensure their efficient and more stable operation in the future. It should also be noted that companies have loans from Western banks or are issuers of Eurobonds.
As the GMK Center previously reported, Ukraine's trade turnover in January 2024 increased by 7% compared to January 2023 – to 8.5 billion dollars. During this period, the country imported goods worth US$5.1 billion and exported goods worth US$3.4 billion. During customs clearance of exports of goods subject to export duties, 23.7 million UAH were paid to the budget. Ukraine's top three most exported products were food products, metals and metal products, and mineral products.
