Economy

The head of the Estonian Foreign Ministry, Urmas Reinsalu, said that the current maximum price rate for russian oil should be lowered even more.

After the introduction of Western sanctions in December, russian oil prices fell to $50 per barrel.

The UN World Food Program bought another 60,000 tons of Ukrainian agricultural products for Ethiopia as part of the Grain from Ukraine humanitarian initiative.

On Thursday, January 5, 6 ships with 355,000 tons of Ukrainian agricultural products on board left the sea ports of Odesa region.

According to the results of 2022, Ukrainian Railways transported 150 million 582 thousand tons of cargo, which is 52.1% less than the previous year.

In 2023, the World Bank will provide $50 million for generators or boilers for Ukrainian elevators.

Last year, Ukraine exported goods worth more than $44 billion — 35% less than in 2021.

Already in January 2023, the implementation and testing of the electronic bill of loading system with business will begin.

Market participants expect a shortage of corn in the first quarter of 2023. This will be affected by a reduction in supplies in Brazil, a weak harvest in Argentina and a slow pace of supplies from Ukraine.

The Cabinet of Ministers has changed the rules of bidding. In particular, auctions were canceled during the period of martial law in Ukraine and within 90 days from the date of its termination.