ARTICLE
Ukraine starts constructing 150-kilometre main water pipeline from scratch
Monday, 3 July 2023, 21:41
Ukrainska Pravda
https://www.pravda.com.ua/eng/news/2023/07/3/7409696/
In Ukraine, preparatory work has begun on the construction of main water pipelines for the regions affected by the explosion of the Kakhovka Hydroelectric Power Plant (HPP).
SOURCE: Oleksandr Kubrakov, Deputy Prime Minister for Restoration of Ukraine
The project involves the construction of main water pipelines Karachun reservoir – Kryvyi Rih – Southern reservoir, Marhanets – Nikopol, Khortytsia (DVS2) – Tomakivka, Kubrakov reports.
The water supply system will consist of three main water supply lines with a length of almost 150 km. Implementation of the project will provide water to at least 1 million people from Dnipropetrovsk, Zaporizhzhia, Mykolaiv and Kherson oblasts, he added.
“The water line will literally be laid from scratch, international partners are involved in the procurement and logistics of pipes of the required diameter and high-capacity pumps. We are setting ourselves an ambitious task – to complete the work as soon as possible,” the minister said.
He reminded that the government has allocated 1.5 billion hryvnias from the Fund for Dealing with the Aftermath of Armed Aggression, and the Reconstruction Agency has taken over the implementation of pipeline construction projects.
ARTICLE
Another 13 international companies leave the Russian market in a month
“Economichna Pravda”
Monday, 3 July 2023, 20:50
https://www.pravda.com.ua/eng/news/2023/07/3/7409692/
In June, another 13 international companies left the Russian market, including Michelin Group, one of the world’s largest manufacturers of car tires, the German company Bosch, and the American chemical corporation 3M.
SOURCE: KSE Institute
DETAILS: In general, as of today, 254 (7.7% of the total number of records in the database or 17.6% of companies that received income in Russia in 2022) international companies have completely ceased operations in Russia. Also, 1,191 (35.9% out of the total number) of foreign businesses closed operations and declared their intention to leave the country.
At the same time, 1,352 (40.8% of the total) companies that were monitored by the KSE Institute are not yet going to leave the Russian market, and will continue to work without any changes. Another 519 (15.7% of the total) foreign businesses have suspended new investments in Russia and continue to wait, the KSE report.
According to the monitoring data, 254 international companies that completely left the Russian market had been providing at least 417,500 jobs, their annual income was US$62.2 billion, the capital was estimated at US$28.6 billion, while the value of the assets of these companies reached US$52.4 billion as of 2021.
At the same time, the international companies that announced their complete exit from Russia had 263,100 employees, US$50.5 billion in annual income, US$18.7 billion in capital, and US$21.2 billion in assets.
“Foreign companies that suspended operations on the Russian market had 99,500 personnel, annual revenue of $25.6bn, $38.1bn in capital and $98.8bn in assets,” the KSE said.
As of the end of June 2023, companies from 35 countries and 39 sectors of the economy have already left the Russian market, according to the KSE Institute: most of them had headquarters in the US, Germany, Finland, the UK and France and worked in the Automotive, Energy, Oil and Gas, Electronics, Consumer Goods and Apparel, Food and Beverage industries.
BACKGROUND:
Eight international companies have completely left the Russian market in May: the German automobile company Volkswagen and the German manufacturer of tires and automotive electronics Continental are among them.