Kyiv has asked Washington to deploy one of the most potent tools in its arsenal of sanctions: adding Russia to the list of state sponsors of terrorism. Inclusion on the list has far-reaching impacts and would exacerbate russia’s existing economic woes. Four countries are currently on the list: Cuba, North Korea, Iran and Syria.
On the battlefield, Russia renews and refocuses its attacks on eastern and southern Ukraine advancing along the Sea of Azov and carving a land corridor from Crimea to separatist-controlled territory in the east, where a russian offensive is imminent.
The National Bank of Ukraine in its recent assessment of the economic situation in the country said that inflation in 2022 might exceed 20%. The government will try to restrain the price growth by locking in public utility rates and administrative regulation of prices for some foods and fuels.
On the Ukrainian stock market trading in stocks and bonds remained suspended due to the military situation.
The Finance Ministry continued to place the special government bonds to finance the national budget. The special 1-year UAH-denominated bond has a yield of 11%. Local and foreign investors can purchase the special Ukrainian bond through licensed brokers or banks.
In London trading, Ukrainian-based iron ore miner Ferrexpo (FXPO) gained 3.5% last week to close at GBp 192 per share. Natural gas producer Enwell Energy (former Regal) added 1.9% to GBp 24.1 and poultry maker MHP (MHPC) increased by 1.7% to USD 4.30.
Warsaw-listed Agroton (AGT) declined by 2.6% to PLN 5.24 while Kernel (KER) edged up by 0.3% to PLN 32.70 last week. The KER stock has tumbled by 44% so far this year as a result of the russian invasion of Ukraine.
POLITICS AND ECONOMICS
- Peace Process Appears Dead as Kyiv, Moscow Maintain Hard Lines
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