By Commodity News Service Canada

WINNIPEG, February 2 (CNS Canada) – The following is a glance at the news moving markets globally.

UKRAINE’S GDP DECLINES
Ukraine’s economy declined by 10.4 per cent in 2015, according to reports out of the country.

Military conflict in the eastern part of the country was considered a large source of the decline.

UKRAINE REDUCES RUSSIAN GAS IMPORTS
Ukraine has reduced its Russian gas imports by 57.3 per cent since last year, according to reports out of the country on Monday.

Ukraine also imported less coal from Russia, while increasing imports from South Africa.

Russian coal imports decreased by 69 per cent, while imports from South Africa increased by 139 per cent.

BRAZIL REGISTERS TRADE SURPLUS, IMPORTS, EXPORTS FALL
Brazil’s January trade balance saw a surplus of US$923 million, according to reports on Tuesday, the first in five years.

Imports declined by 36 per cent in January, while exports fell 14 per cent in the same time frame.