To facilitate Ukraine's access to global markets by ensuring smoother transit through EU countries, the EU and Ukraine have extended their Road Transport Agreement until December 31, 2025.
The agreement was signed on 29 June 2022 following Russia's full-scale invasion of Ukraine, with a provision for automatic six-month renewals, unless one of the parties raises an objection at least three months in advance and provides clear evidence of major disruptions to its road transport market.
"This decision became possible due to the effective implementation of the Agreement, its positive economic impact on both parties, and effective monitoring of its enforcement," the Ukrainian Ministry for Communities, Territories and Infrastructure Development stated.
Since the agreement came into force, EU imports from Ukraine by road have increased by 42% in volume and 28% in value, while EU exports to Ukraine grew by 37% in volume and 50% in value. Notably, Ukrainian road exports have substantially increased, resulting in over 200,000 additional tonnes of goods being exported monthly to the EU.
This expansion in trade underscores the agreement's effectiveness in fostering economic cooperation between the EU and Ukraine.
"Road freight transport between Ukraine and the EU is now critical to the economic resilience of our country, as it is by road that we export value-added goods and import essential supplies," said Deputy Prime Minister for Ukraine's Reconstruction and Minister for Communities and Territories Development, Oleksiy Kuleba.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for 31 May, covering the latest developments you need to know.
The United Nations (UN) added Israel and Russia to a blacklist of parties suspected of committing conflict-related sexual violence on Friday (29 May). The move prompted Israel to announce it would sever ties with UN Secretary-General Antonio Guterres.
Ukraine will acquire 20 new Swedish Gripen E fighter jets and receive 16 older C/D models next year, President Volodymyr Zelenskyy and Swedish Prime Minister Ulf Kristersson said on Thursday (28 May), in a move aimed at strengthening Kyiv’s air force.
U.S. rapper Kanye West, now known as Ye, performed to a crowd of 118,000 people in Istanbul on Saturday night, marking his first concert in Europe in more than a decade, despite being barred from performing in several countries over past antisemitic remarks.
Okinawa lost transport links and suffered widespread power outages on Monday (1 June) as Severe Tropical Storm Jangmi brought destructive winds and heavy rain to Japan's south-western islands.
U.S. Secretary of State Marco Rubio has held talks with Lebanese President and Israeli Prime Minister on efforts to ease tensions between Israel and Lebanon. According to a U.S. official, Washington has proposed a plan aimed at achieving a gradual de-escalation of hostilities.
The World Health Organisation’s designation of the Bundibugyo Ebola virus outbreak as a Public Health Emergency of International Concern (PHEIC) is a stark reminder that Ebola remains a persistent global health threat rather than a disease of the past.
The Africa Centres for Disease Control and Prevention (Africa CDC) says the Ebola outbreak in the Democratic Republic of Congo and Uganda is continuing to spread, with 263 confirmed cases and 43 deaths reported as of 30 May.
The International Labour Organization (ILO) has begun its latest round of negotiations on creating the first binding global standards for platform-based work, covering services such as ride-hailing, food delivery and other app-based work.
European companies are continuing to deepen their presence in China, with nearly seven in ten firms maintaining or expanding their supply chains despite global efforts to diversify, according to a new survey by the EU Chamber of Commerce.
BP has removed its chair, Albert Manifold, with immediate effect, citing concerns over governance and conduct. The company said its board had unanimously decided that Manifold should no longer serve as chair or director.
The dual-class share structure outlined in SpaceX’s initial public offering (IPO) filing, which gives chief executive Elon Musk outsized control, has reignited one of Wall Street’s longest-running debates over corporate governance.
Kevin Warsh will be sworn in as chair of the U.S. Federal Reserve on Friday as policymakers consider higher interest rates to tackle inflation linked to the Trump administration’s Iran policy.
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