Section: Economy

      Sanctions will hit Russia hard after cyber attacks – U.S. Senator Graham
      Dec28

      Sanctions will hit Russia hard after cyber attacks – U.S. Senator Graham

      A U.S. senator said on Wednesday that Russia and President Vladimir Putin could expect sanctions after cyber attacks during the U.S. presidential election in November, Reuters reported. ”You can expect that the Congress will investigate the Russian involvement in our elections and […] there will be bipartisan sanctions coming that will hit...

      The National Bank of Ukraine sold up to $100 mln to maintain the hryvnia exchange rate
      Dec28

      The National Bank of Ukraine sold up to $100 mln to maintain the hryvnia exchange rate

      The National Bank of Ukraine on its official website reports that in the foreign exchange auction on December 28, 2016 sold $96.8 million to the Ukrainian banks. The Head of the Department of public markets, the NBU Serhiy Ponomarenko said: “On the interbank market continues to experience a temporary excess demand for foreign currency,...

      Cabinet restructures OPP`s UAH 1.5 bln debt to Naftogaz
      Dec28

      Cabinet restructures OPP`s UAH 1.5 bln debt to Naftogaz

      The Cabinet of Ministers of Ukraine at its meeting December 28 restructured the debt of Odesa Portside Chemical Plant (OPP) before the National Joint Stock Company Naftogaz of Ukraine for the gas consumed in the amount of UAH 1.5 billion. The decision was taken at a Cabinet meeting Wednesday, December 28. ”Now the OPP together with the State...

      Ukraine has adopted a decision to reduce import of Russian fertilizers
      Dec28

      Ukraine has adopted a decision to reduce import of Russian fertilizers

      The press service of the Ministry of Economic Development and Trade reported that the Interdepartmental Commission on International Trade has adopted a decision to impose anti-dumping duties on imports of nitrogen fertilizers from the Russian Federation. “Soon the government would send a bill on measures to diversify fertilizer supplies via...

      Ukraine Parliament publishes state budget 2017
      Dec28

      Ukraine Parliament publishes state budget 2017

      The Verkhovna Rada of Ukraine has published on its website the law on the state budget of Ukraine for 2017 with the limit deficit at UAH 77.5 billion, or 3% of GDP. The document status reads that the law published was passed in parliament on December 21, while its transitional provisions say that the legislation comes into force on January 1,...

      National Bank of Ukraine provides PrivatBank with another UAH 10 bln loan
      Dec28

      National Bank of Ukraine provides PrivatBank with another UAH 10 bln loan

      The National Bank of Ukraine provided the recently nationalized PrivatBank with a UAH 10 billion refinancing loan to support liquidity, the central bank`s press service told UNIAN. Data on loan parameters, including its term, interest rate, and collateral, belong to the category of a bank secret, according to Law of Ukraine ”On banks and banking...

      Court intervenes in gas dispute, says Polish utility – Deutsche Welle
      Dec28

      Court intervenes in gas dispute, says Polish utility – Deutsche Welle

      Polish energy concern PGNiG says it`s won a European Court of Justice stay on high-volume gas deliveries by Russia`s Gazprom through the pipeline ”OPAL.” The conduit forwards supplies to the Czech Republic and Germany, according to Deutsche Welle. A European Commission decision in October to enlarge a previous 50-percent cap of Gazprom deliveries...

      U.S. extended sanctions against Russian companies enter into force
      Dec28

      U.S. extended sanctions against Russian companies enter into force

      Embassy of Ukraine in the USA has reported that the decision on the introduction of the U.S. additional sanctions against Russian companies entered into force. ”The United States continues to build up pressure on Russia with new sanctions for its violation of international law and fueling the conflict in eastern Ukraine. 15 Russian arms sector...

      Ukrainian Infrastructure Ministry approves increase in railway tariffs
      Dec28

      Ukrainian Infrastructure Ministry approves increase in railway tariffs

      Tariff Committee of the Ministry of Infrastructure of Ukraine has agreed the increase in tariffs on passenger and cargo transportation by rail in 2017 proposed by PJSC Ukrainian Railways (Ukrzaliznytsia) in a draft financial plan, Ukrzaliznytsia CEO Wojciech Balczun said at a press conference. ”Tariff Committee of the Ministry of Infrastructure...

      Ukraine gets European Union`s second tranche of financial aid worth EUR 55 mln
      Dec27

      Ukraine gets European Union`s second tranche of financial aid worth EUR 55 mln

      Ukraine has received the second tranche of the financial assistance of the European Union in the amount of EUR 55.125 million in the framework of a financing agreement signed between the Government of Ukraine and the European Commission in 2014. As reported on the website of the Ministry of Finance, these funds represent the second and final...