Page 37 - UKRRptDec21

Zelenskiy government since the beginning. “No, it is not connected. The resignation is my personal desire and my plans.” Sennychenko stays in his post until the Rada accepts his resignation.
The State Property Fund calendar lists auctions forthese four state companies over the next month:
Dec 7 -- Kovel Educational Colony, a former minimum security prison in Volyn Oblast. With 26 buildings on five hectares, the starting price is $1.6mn.
December 8 -- Vuzliv distillery in Lviv Region, with a starting price of $800,000.
December 17 -- Diamond processing plant Vinnytsia Crystal goes up for auction for the second time, this time with a starting price of $3.4mn.
Dec 20 – Massive titanium producer United Mining and Chemical Company. After two failed auctions since August 31, the Fund is asking the Government for additional guarantees.
In Odesa, the winner of an auction for the Odesavynprom winery recently paid in full for its $8. 9mn bid, Sennychenko told reporters yesterday. Headquartered in a historic 1895 building and with cellars below French Boulevard, the winery makes cognacs and still and sparkling wines.
6.2 Debt
Ukraine’s state and state-guaranteed debt increased 0.7% m/m to $92.63bn as of October 31, the Finance Ministry reported on November 26. State foreign debt increased 1.2% m/m to $45.0bn, while state domestic debt inched up 0.1% m/m to $37.2bn. State guaranteed debt increased 0.2% m/m to $10.4bn. In UAH terms, the overall state declined 0.3% m/m in September to UAH2,439bn, or 58.1% of Ukraine’s GDP in 2020. The increase of state foreign debt was mostly due to the disbursement of a €600mn MFA tranche from the EU. The decline of debt in UAH terms was a result of 0.9% hryvnia appreciation in October. We expect Ukraine’s debt to increase in November mostly due to intensified domestic borrowing. In addition, hryvnia depreciation will contribute to the increase of the debt in UAH terms.
The Ministry of Finance has raised the forecast of payments on public debt in 2022 by ₴17.91 bln ($687 mln) to ₴456.4 bln ($17.4 bln). At the same time, the forecast for payments in 2021 was reduced by ₴2.1 bln ($80 mln) to ₴593.89 bln ($22.6 bln), for domestic debt by ₴1.05 bln ($40 mln) to ₴445 bln ($17 bln). The announcement was made by the Minister of Finance.
UK Supreme Court hears Ukraine position on $3bn Yanukovych debt. Ukraine presented on November 11 its position to the UK Supreme Court on the so-called Yanukovych debt ($3bn in 2Y Eurobonds issued in December 2013), Finance Ministry reported the same day.
“Ukraine has always contended that, as a result of Russia’s preceding threats and acts of both economic and military aggression, it was left
37 UKRAINE Country Report December 2021 www.intellinews.com