• Former US ambassador to Russia: the US sanctions are effective but did not change the situation with Ukraine

    US sanctions against Russia did not lead to a drastic change in the situation in Ukraine, said in an interview with the Kommersant newspaper former US Ambassador to Russia, John Tefft.

    In his opinion, the imposed sanctions proved to be effective against Russia. "And the Russian president, together with a number of other Russian Federation officials, acknowledged this," he emphasized. "But did these sanctions lead to a drastic change in the situation in Ukraine? Obviously not."

    Nevertheless, …

  • Ukraine starts production of spare parts for Lamborghini and Porsche

    In the city of Kolomyia, in the Ivano-Frankivsk region, the German company, Leoni has launched its first production line of its newly built plant in Ukraine. The company manufactures parts for a number of automobile brands. Ukrainian President Peter Poroshenko was present at the opening ceremony.

    The plant, which will produce automobile cables, was opened on Friday, September 29th.

    "Imagine, the products that will be produced in Kolomyia will be installed on elite cars such as Audi, …

  • Russia received an advance payment from Turkey for S-400 missile systems

    Russia received an advance payment from Turkey for the S-400 anti-aircraft missile systems, as indicated by Vladimir Kozhin, Presidential Aide for military technical cooperation on September 29. "Yes, we received it. We cannot discuss the time frame for deliveries at this time," Kozhin said.

    According to him, Turkey wants the S-400 deliveries to start before 2019, however this issue is still being discussed. Earlier, the Undersecretary for Defense Industries of Turkey, Ismail Demir, said that …

  • Latvia expressed support for Ukrainian law on education

    The Minister of Education and Science of Latvia, Kārlis Šadurskis, said Ukraine’s decision regarding the language issue in the context of the new law on education is understandable, according to the press service of the Ministry of Foreign Affairs of Ukraine.

    "The steps taken by Ukraine to ensure students learn the State language as part of their educational system are understandable," Šadurskis said in Riga during a meeting with the Ukrainian Foreign Minister, Pavlo Klimkin.

    The Latvian …

  • US to strengthen sectoral sanctions against Russia

    The United States considers further strengthening of sanctions against the energy and banking sectors of the Russian economy, which were imposed for its aggression against Ukraine, as stated by the US Treasury, Radio Liberty reports.In a month, on November 28th, restrictions will be imposed on the terms for financing Russian companies under sanctions by the US legal entities or individuals, as well as from within the United States.

    For Russian companies in the energy sector, the time during …

  • Crimean government employees fired for mining bitcoins at the workplace

    Two employees of the Council of Ministers of the Crimea have paid for installing software for mining bitcoins on a government server with their posts, as announced at a press conference in Sevastopol by the head of the Anti-Corruption Committee of the Crimea, Alexander Akshatin.

    "The people have been fired. I think that in the future there will be no interest [in doing something like this]," RIA Novosti news agency quotes Akshatin as saying.

    The Committee head explained that the incident …

  • US allocates more than $5 million to Ukraine for cyber security

    The United States will allocate more than $5 million to Ukraine to increase Kyiv's ability to prevent cyber-attacks. This was announced in a joint statement on the first bilateral dialogue between the US and Ukraine on cyber security, UNIAN news agency reports.

    "In support of the US commitment to support cyber security in Ukraine, U.S. Ambassador Marie Yovanovitch said that the United States would allocate over $5 million as part of a new assistance program on cyber security, aimed at …

  • Putin: conditions are in place to end the war in Syria

    Conditions have been created in Syria allowing for the end of the war, Russian President Vladimir Putin said at a meeting with Turkish leader Recep Tayyip Erdogan, the TV channel Russia-24 reports.

    “The necessary conditions have been created for putting an end to the fratricidal war in Syria, completely destroying terrorists and allowing Syrians to return to peaceful life," said Putin.

    He said that the earlier decisions on creating "de-escalation zones" in Syria created the conditions for the …

  • German Ambassador to Russia: Investors in Russia concerned about scandal with Siemens turbines

    The scandal surrounding Siemens turbines has heightened the concern of foreign investors in Russia, stated German Ambassador to Russia Rüdiger von Fritsch in an interview with the newspaper Kommersant.

    “The anxiety and uncertainty among foreign investors in Russia has been exacerbated by the fact that even a company such as Siemens, which has been operating in the world for more than 160 years and has created 3,000 jobs here, cannot rely on written and oral promises,” said the ambassador.

    The …

  • IMF calls on Ukraine to carry out pension reform

    The International Monetary Fund (IMF) said that the decisive condition for the revision of the cooperation program with Ukraine is the pension reform implementation. It was stated by IMF official representative William Murray during a briefing in Washington, Interfax-Ukraine reports.

    "We call on the authorities and parliament to ensure that the bill on increasing pensions reaches the reform goals that have been developed by the IMF and the World Bank. We are ready for further cooperation with …