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Section: Europe

  • EU (3,255)
    Ukraine’s ‘bold’ move to nationalize bank
    Dec20

    Ukraine’s ‘bold’ move to nationalize bank

    KIEV – Ukraine’s President Petro Poroshenko is nationalizing the country’s largest retail bank in an effort to stabilize the country’s financial sector, a move that comes at a perilous time of heightened political disenchantment domestically and growing doubts about western support for Kiev. In a...

    NATO and Russia talk, but remain divided on Ukraine
    Dec19

    NATO and Russia talk, but remain divided on Ukraine

    BRUSSELS (Reuters) – NATO and Russia held more than three hours of talks on Monday, discussing ways to reduce military accidents but also underscoring their deep disagreement on the conflict in Ukraine. …read more Source:...

    Relief as Kiev nationalises largest lender
    Dec19

    Relief as Kiev nationalises largest lender

    Move taken as sign of willingness to tackle lender long considered untouchable …read more Source: Financial...

    Latvia’s PrivatBank works as usual – financial watchdog
    Dec19

    Latvia’s PrivatBank works as usual – financial watchdog

    Latvia’s PrivatBank is working as usual and there is no special customer activity observed after the Ukrainian government made an announcement on nationalization of Ukrainian’s PrivatBank, the Latvian Finance and Capital Markets Commission (FCMC) said LETA. …read more Source: The Baltic...

    UPDATED: Regulator watching Latvia’s PrivatBank
    Dec19

    UPDATED: Regulator watching Latvia’s PrivatBank

    Latvia’s financial regulator, the Financial and Capital Markets Commisison (FKTK) said December 19 it was monitoring the situation following the announcement that Ukraine was nationalizing its largest retail bank, PrivatBank. …read more Source:...

    [Ticker] Russia and Nato still in ‘profound disagreement’ on Ukraine
    Dec19

    [Ticker] Russia and Nato still in ‘profound disagreement’ on Ukraine

    Nato head Jens Stoltemberg said the alliance and Russia still had “profound disagreements” on Ukraine, where Nato says Russia illegally snatched Crimea and continues to destabilise east Ukraine. He spoke after meeting Russia’s Nato envoy at a Nato-Russia Council. The meeting also discussed Afghanistan, Russia’s risky air...

    [Ticker] EU extends Russia sanctions
    Dec19

    [Ticker] EU extends Russia sanctions

    The EU has formally extended the duration of economic sanctions on Russia by six months until 31 July 2017, citing Russia’s non-compliance with the so-called Minsk ceasefire accord in Ukraine. The move comes after a weekend in which Russia-controlled forces killed six Ukrainian soldiers in east Ukraine. Russian PM Dmitry Medvedev said...

    [Ticker] EU hails ‘courageous’ Ukraine bank rescue
    Dec19

    [Ticker] EU hails ‘courageous’ Ukraine bank rescue

    EU foreign relations chief Federica Mogherini welcomed Ukraine’s decision to nationalise its largest lender, Privatbank, as a “bold and courageous move” at a press conference in Brussels on Monday. Ukrainian economy and trade minister Stepan Kubiv, also in Brussels, assured depositors that their money was safe. The bank, said to...

    Ukraine defends nationalization of biggest bank
    Dec19

    Ukraine defends nationalization of biggest bank

    Ukrainian Deputy Prime Minister Stepan Kubiv defended the emergency nationalization of the country’s largest bank Monday, saying the takeover was transparent and based on international valuations. The takeover of Privatbank is certain to prompt debate because one of its main owners, the oligarch Ihor Kolomoisky, has clashed repeatedly...

    Ukraine’s biggest lender PrivatBank nationalised
    Dec19

    Ukraine’s biggest lender PrivatBank nationalised

    Ukraine’s biggest commercial bank, PrivatBank, is nationalised in a move aimed at preserving “financial stability in the country”. …read more Source:...

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