Section: News & Summaries

      Concern as ‘Red Cross’ appears in #PanamaPapers

      Aid groups voiced concern about the revelation that the name of the Red Cross had been usurped in shady financial dealings. ||| London – Some of the world’s biggest aid agencies voiced concern on Monday that they may be further exposed to risk from the murky world of offshore finance after the latest release of the Panama Papers...

      Savchenko asks Poroshenko to act more resolutely for her release
      Apr11

      Savchenko asks Poroshenko to act more resolutely for her release

      Nadia Savchenko`s lawyer Nikolai Polozov says that the Ukrainian captive pilot, who was convicted in Russia of killing Russian journalists in Ukraine`s east, has written statements for her lawyers to appeal in particular to Ukrainian President Petro Poroshenko.”[Addressing] President Poroshenko, Nadia suggested that he should act more resolutely...

      Bloomberg: Rosneft surpasses Gazprom as Russia`s most valuable company
      Apr11

      Bloomberg: Rosneft surpasses Gazprom as Russia`s most valuable company

      Rosneft OJSC became Russia`s most valuable company as its market capitalization exceeded that of natural-gas exporter Gazprom PJSC for the first time since its shares began trading in 2006, according to Bloomberg.Rosneft stock rose 4.2% in London by 3:40 p.m., boosting the value of Russia`s largest oil producer to $51.7 billion. Gazprom gained...

      Russian proxies attack Ukraine troops 29 times since midnight
      Apr11

      Russian proxies attack Ukraine troops 29 times since midnight

      The combined Russian-separatist forces attacked Ukrainian army positions in eastern Ukraine 29 times from 00:00 to 18:00 local time on Monday, according to the press center of the Anti-Terrorist Operation (ATO) headquarters.The number of the attacks has remained at the previous day`s level, the ATO HQ said. ”However, the intensity of the enemy`s...

      Parliament Considers Bill that May Derail Ukraine’s Visa-Free Travel Again
      Apr11

      Parliament Considers Bill that May Derail Ukraine’s Visa-Free Travel Again

      While the chattering classes in Kyiv remain riveted by the startling revelations from the Panama Papers and the resignation of Prime Minister Arseniy Yatsenyuk, Kyiv’s activists are fighting to prevent the Rada, Ukraine’s parliament, from passing a draft asset forfeiture law that could derail Ukraine’s ability to obtain...

      Leninska Kuznya to build four Gyurza artillery boats for Ukraine`s Navy
      Apr11

      Leninska Kuznya to build four Gyurza artillery boats for Ukraine`s Navy

      Public joint stock company Plant Leninska Kuznya (Lenin`s Smithy) on April 8 held an official ceremony in Kyiv for the launch of the construction of four Gyurza-class armored artillery boats under Project 58155 for the Ukrainian Navy, according to an UaPosition correspondent.These watercraft are being built on the Defense Ministry`s order under a...

      Prime Minister Yatsenyuk Resigns. Why Now? What’s Next?
      Apr11

      Prime Minister Yatsenyuk Resigns. Why Now? What’s Next?

      On April 10, Ukraine’s Prime Minister Arseniy Yatsenyuk submitted his resignation, and on April 12 parliament is expected to approve Speaker of Parliament Volodymyr Groisman as prime minister. It is, of course, good that Ukraine’s two-month long government crisis is being resolved, but it is not evident that the new government will be...

      HarvEast sells Crimean assets due to risks, Russian occupation
      Apr11

      HarvEast sells Crimean assets due to risks, Russian occupation

      Donetsk-based HarvEast Holding whose shareholders are companies belonging to Ukrainian oligarchs Rinat Akhmetov and Vadym Novinskiy has closed a deal to sell its Crimean assets in connection with high risks in the agricultural sector in the peninsula, according to HarvEast Holding CEO Dmytro Skorniakov.Another cause behind the decision was...

      Ukroboronprom, Turkey plan joint production of radar equipment
      Apr11

      Ukroboronprom, Turkey plan joint production of radar equipment

      Ukraine`s major state-owned arms manufacturer Ukroboronprom and Turkey`s Havelsan signed April 8 a memorandum on joint development and production of radar stations, Ukroboronprom`s press service reported.”Ukroboronprom has significant experience in the development of radar equipment. We will combine our efforts with the leading Turkish company...

      Inflation may be lower than predicted 12% in 2016 – NBU
      Apr11

      Inflation may be lower than predicted 12% in 2016 – NBU

      The National Bank of Ukraine (NBU) admits that inflation in 2016 could be lower than the forecast of 12%, the NBU said in a comment. ”There is a probability that inflation in 2016 will be lower than the forecast of the National Bank (12.0%). However, most of the factors that have led to lower inflation in the first quarter, have a short-term...