Section: Economy

      SBU eliminates scheme of withdrawing capital into offshore companies
      Mar04

      SBU eliminates scheme of withdrawing capital into offshore companies

      Kyiv law enforcers have revealed the illegal scheme of withdrawing a considerable sum of money into offshore companies, according to the SBU Security Service of Ukraine. ”Perpetrators, using controlled dummy exporting companies, concluded export contracts with affiliated non-resident companies, without reporting transactions in their tax...

      Energy Ministry`s forecast: Anthracite reserves to shrink by 44% in March
      Mar03

      Energy Ministry`s forecast: Anthracite reserves to shrink by 44% in March

      Ukraine`s Energy and Coal Industry Ministry predicts that in March 2017, reserves of deficient anthracite which continues to be supplied exclusively to the DTEK-owned Luhansk TPP as a result of a trade blockade in the ATO zone, will shrink by 43.9%, to 513.100 tonnes, according to the ministry`s website. In general, anthracite reserves in March...

      Leader of Donetsk separatists Zakharchenko  declares own ”trade blockade” of Ukraine
      Mar03

      Leader of Donetsk separatists Zakharchenko declares own ”trade blockade” of Ukraine

      The leader of the so-called ”Donetsk People`s Republic” (”DPR”) Alexander Zakharchenko on Friday said that the so-called ”DPR” was declaring a blockade of the government-controlled areas of Ukraine. ”We`re cutting all ties with Ukraine, with which we are at war. Indeed, we used to sell coal to get money and pay salaries here. But due to the fact...

      U.S. senators call on Trump not to ease Russia sanctions
      Mar03

      U.S. senators call on Trump not to ease Russia sanctions

      On March 2, 2017, U.S. Senator Bob Menendez introduced a resolution marking three years since Russian government authorized military forces to illegally annex the Ukrainian Crimea. Sponsored by Senator Lindsey Graham, the Resolution (S.Res.78) expresses concern over Russia`s continuing aggression and Vladimir Putin`s continued illegal support to...

      So-called Donetsk People`s Republic publishes list of seized Ukrainian enterprises
      Mar03

      So-called Donetsk People`s Republic publishes list of seized Ukrainian enterprises

      The so-called ”Council of Ministers” of the ”DPR” (Donetsk People`s Republic terrorist organization) has published the list of Ukrainian companies and institutions, where the so-called interim administration was introduced. Among such industrial giants, there is PJSC Yenakiieve Iron and Steel Works as well as its Makiivka Branch, Khartsyzsk Pipe...

      Cabinet of Ministers of Ukraine to allocate UAH 200 mln for purchasing protective equipment for miners
      Mar03

      Cabinet of Ministers of Ukraine to allocate UAH 200 mln for purchasing protective equipment for miners

      The Cabinet of Ministers of Ukraine will allocate UAH 200 million for the purchase of personal protective gear for miners working at Ukrainian mines. The relevant decision was announced by Ukrainian Prime Minister Volodymyr Groysman after visiting mine No. 10 Stepova of JSC Lvivvuhillia in the village of Hlukhiv in Lviv region`s Sokalskiy...

      EU extends sanctions against Yanukovych, his allies for another year
      Mar02

      EU extends sanctions against Yanukovych, his allies for another year

      EU ambassadors on March 2, 2017, decided to extend sanctions against fugitive ex-president of Ukraine Viktor Yanukovych and his allies for another 12 months. ”The decision was taken against 15 individuals,” the Council of the EU told UNIAN`s correspondent in Brussels following a meeting on Thursday. The decision should be endorsed by the Council...

      Ukraine ships almost 30 mln tonnes of grain abroad
      Mar02

      Ukraine ships almost 30 mln tonnes of grain abroad

      Ukrainian farmers exported 29.432 million tonnes of grain since July 2016, when the current marketing year began, according to the Agrarian Policy and Food Ministry`s press service. In particular, they shipped 13.6 million tonnes of wheat abroad, while supplies of barley to foreign contractors were about 4.7 million tonnes, and those of maize...

      National Bank of Ukraine leaves key policy rate unchanged
      Mar02

      National Bank of Ukraine leaves key policy rate unchanged

      The Board of the National Bank of Ukraine (NBU) has decided to maintain its key policy rate at 14% per annum. This decision was prompted by the need to mitigate risks for the achievement of inflation targets in 2017-2018, according to the NBU`s website. In January 2017, inflation accelerated to 12.6% yoy, which was in line with the NBU forecast...

      European Parliament says ready to grant Ukraine additional trade preferences
      Mar02

      European Parliament says ready to grant Ukraine additional trade preferences

      The European Parliament is ready to take a decision on granting Ukraine the additional trade preferences on the proposal of the European Commission, the Ministry of Economic Development and Trade of Ukraine reported on Twitter, referring to chairman of the INTA committee (International Trade) of the European Parliament Bernd Lange. The comment...