Section: Economy

      Ukraine accepts Russia`s request for WTO dispute consultations
      May31

      Ukraine accepts Russia`s request for WTO dispute consultations

      Ukraine on May 29 accepted a request from Russia for dispute consultations within the World Trade Organization (WTO) regarding restrictions on trade and transit for goods and services, according to Ukraine`s Ministry for Economic Development and Trade. ”On May 19, 2017, Ukraine received an official request from Russia for WTO dispute...

      EBRD opens regional office for southern Ukraine in Odesa
      May31

      EBRD opens regional office for southern Ukraine in Odesa

      The European Bank for Reconstruction and Development (EBRD) has opened a regional office for southern Ukraine in the city of Odesa on Tuesday, May 30, the Bank said in a statement. ”Strengthening and deepening its outreach in Ukraine, the EBRD has opened a new regional office in the southern city of Odesa, the country`s naval gateway on the...

      Nobody will fight for Crimea; sanctions seen as best option – NATO Parliamentary Assembly speaker
      May30

      Nobody will fight for Crimea; sanctions seen as best option – NATO Parliamentary Assembly speaker

      Speaker at the NATO Parliamentary Assembly`s 2017 Spring Session Soli Ozel says that nobody is going to fight for Russian-annexed Crimea, and sanctions against Russia remain the best option. See also: Russia deploys six nuclear warheads in Crimea ”All I`m saying is: there is a limited number of instruments that are available to begin with, and...

      Ukrainian wheat supplies to Egypt hit high in April
      May30

      Ukrainian wheat supplies to Egypt hit high in April

      Ukraine exported 1.2 million tonnes of wheat in April 2017 that is down 8% year-on-year (1.3 million tonnes in April 2016), reports UkrAgroConsult. When compared season on season, Ukrainian wheat exports are currently up 11% against July-April 2015/16 (15.8 million tonnes and 14.2 million tonnes, respectively), as reported by UkrAgroConsult....

      6 renewable energy facilities to be launched in Lviv region in 2017
      May29

      6 renewable energy facilities to be launched in Lviv region in 2017

      Chairman of Lviv Regional State Administration Oleh Syniutka announces that two wind farms, three solar power plants, and at least one hydroelectric power station will be put into operation in Lviv region before the end of the year, according to the Ukrainian online newspaper Ukrayinska Pravda. ”Besides that stations that have already been...

      Naftogaz forecasts 17% drop in gas imports from Europe
      May28

      Naftogaz forecasts 17% drop in gas imports from Europe

      National oil and gas holding Naftogaz of Ukraine predicts a reduction by 17% in the daily natural gas imports from Europe in June 2017 against May 2017, to 24-25 million cubic meters per day, Commercial Director of NJSC Naftogaz of Ukraine Yuriy Vitrenko said during the presentation of the company`s draft development strategy May 24. ”In June,...

      Another international gas trader enters Ukraine
      May28

      Another international gas trader enters Ukraine

      Gas trader DufEnergy (Switzerland) in late April established its subsidiary company in Ukraine for trade in natural gas and other energy resources, DufEnergy Ukraine (Kyiv), according to the Unified State Register of Legal Entities, OilNews reports. The founders of DufEnergy Ukraine are DufEnergy Trading SA (Switzerland) and DufEnergy SA...

      Ukraine`s forex reserves expand to US$17.6 bln
      May28

      Ukraine`s forex reserves expand to US$17.6 bln

      The foreign currency reserves of Ukraine as of today are US$17.6 billion, according to Deputy Governor of the National Bank of Ukraine Oleg Churiy. ”Our international reserves are actively growing, mainly due to the purchase of foreign currency. As of today they make up $17.6 billion,” Churiy said on Thursday, May 25. As UNIAN reported, Ukraine`s...

      G7 warns Russia sanctions can be strengthened
      May28

      G7 warns Russia sanctions can be strengthened

      The Great Seven (G7), that is the United States, UK, Canada, France, Germany, Italy, and Japan, are ready, if necessary, to boost Russia sanctions, according to a communique signed following a G7 summit in Italy`s Taormina. ”We also stand ready to take further restrictive measures in order to increase costs on Russia should its actions so...

      Ukrainian Cabinet to oblige regional gas operators to pay for use of gas distribution networks
      May27

      Ukrainian Cabinet to oblige regional gas operators to pay for use of gas distribution networks

      The Ministry of Energy and Coal Industry has developed an agreement that will regulate the paid use of gas distribution networks and sent it to the regional gas operators, the ministry`s press service told UNIAN, with reference to Profile Deputy Energy Minister Ihor Prokopiv. ”The ministry took the following measures: at first, we held a series...