Section: Economy
Ukrzaliznytsia says has no intention to terminate railway passenger traffic with Russia
Ukraine`s state-owned JSC Ukrzaliznytsia railways operator is not planning to cease railway passenger services in Russian direction, according to the company`s press service, the Ukrainian online newspaper Ukrainska Pravda reports. The report by the Russian publication Kommersant on the termination of passenger traffic starting July 1 is not...
Britain`s High Court to decide on Ukraine`s Yanukovych debt later due to complexity
The High Court in London has rescheduled its verdict due to be taken on May 26 on Russia`s claims against Ukraine after the Ukrainian government defaulted on $3 billion in bonds issued by Russian President Vladimir Putin in December 2013 to bail out his former Ukrainian counterpart and ally, Viktor Yanukovych, just months before the latter was...
Trump adviser says no plans to ease sanctions on Russia – The Washington Times
A top White House adviser said Friday that U.S. President Donald Trump has no plans to lift sanctions against Russia and might even take a ”tougher” approach with Moscow, according to The Washington Times. ”We`re not lowering our sanctions on Russia,” said Gary Cohn, director of the national economic council, The Washington Times reported. ”If...
EU, U.S. to continue sanctions policy on Russia, Russia does nothing to expect sanctions lift – Donald Tusk
President of the European Council Donald Tusk has said that the European Union and the United States will continue their common sanctions policy toward Russia. ”My impression of that when it comes to conflict in Ukraine we were more or less on the same line with President Trump and Secretary Tillerson. Of course, maybe I`m less optimistic when it...
IMF mission completes work in Kyiv this week
An International Monetary Fund mission that has been in Kyiv since May 16 is to complete its work this week, according to Acting Governor of the National Bank of Ukraine Yakiv Smolii. ”The mission of the International Monetary Fund is completing its work in Ukraine this week,” he told reporters on Thursday, May 25. Smolii recalled that the four...
Bloomberg: OPEC, allies to extend oil cuts for nine months to end glut
OPEC and its allies extended oil production cuts for nine more months after last year`s landmark agreement failed to eliminate the global oversupply or achieve a sustained price recovery, according to Bloomberg. The producer group together with Russia and other non-members agreed to prolong their accord through March, but no new non-OPEC...
Naftogaz expects Stockholm Arbitration`s decision by late May
Oil and gas holding Naftogaz of Ukraine expects to see a ruling by the Arbitration Institute of the Stockholm Chamber of Commerce in the claim of the Ukrainian company to the Russian gas monopoly Gazprom on the contract for the purchase of gas before the end of this month, Commercial Director of NJSC Naftogaz of Ukraine Yuriy Vitrenko said on May...
EU aims to approve new quotas for Ukraine before July
The European Union plans to approve new autonomous preferences for Ukraine before the end of June, ahead of the Ukraine-EU summit to be held in the middle of summer, Europeiska Pravda reports with reference to a source in the European Commission. The main obstacle to the move remains the lack of a unified position within the EU Council. ”Last...
Court rejects defense`s appeal over confiscation of ”Yanukovych assets”
The Donetsk Regional Appeals Court has refused to commence proceedings regarding the confiscation of $1.5 billion on the appeal of the team of lawyers, representatives of non-resident companies of ex-president Viktor Yanukovych`s criminal organization, according to the Prosecutor General`s Office of Ukraine. However, the PGO has not yet received...
Russian-controlled media spread false information about Ukraine`s national nuclear company – EU-Ukraine Business Council
Founding Director of the EU-Ukraine Business Council James Wilson says that the pro-Russian nuclear lobby and Russian-controlled media spread false information and rumors about the activities of Ukraine`s national nuclear energy generating company Energoatom and equipment suppliers for nuclear power plants due to the fact that the company reduces...